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Bohemia, New York--(Newsfile Corp. - March 8, 2021) - AmpliTech Group, Inc. (NASDAQ: AMPG) (NASDAQ: AMPGW) (the "Company"), a designer, developer, and manufacturer of custom and standard state-of-the-art RF components for 5G/6G Communications, Commercial, SATCOM, Space, Defense, and Military markets, announced today the development of their
Space Qualified Ultra-Low Noise Amplifiers for use in satellites being launched for LEO (Lower Earth Orbit) and MEO (Middle Earth Orbit) applications. Companies such as SpaceX, Amazon, and Telesat have already launched or plan to launch over 4,000 satellites in the near future to provide increased high-speed connectivity and coverage through these satellite constellations. According to Allied Market Research, the small satellite market was valued at $3.6 billion in 2018, and is expected to reach $15.6 billion by 2026, registering a CAGR of 20.1% from 2018 to 2026. Small Satellites are satellites with masses lower than 500 kg. . Over the coming decade, it's estimated by Euroconsult that 990 satellites will be launched every year. This means that by 2028, there could be 15,000 satellites in orbit.