Small Satellite Market Expected to Reach $7,179 Million, Globally, by 2022
Asia-Pacific is expected to grow at the highest rate during the forecast period, owing to the expansion of agriculture and civil engineering industries, which utilize Earth observation services. In addition, governments, NGOs, and research organizations are increasingly utilizing satellite imagery to map, monitor, and analyze environmental degradation and disaster management. Use of small satellites in technological demonstration and communication sector is also expected to supplement the growth of the small satellite industry in this region.
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