Satellite Manufacturing Market Estimated to Reach $25.4 Billion by 2025 The Rise in Adoption of Satellites in Military and Space Applications Along With Increased R&D Activities Are Driving the Growth of the Market.
BriefingWire.com, 4/20/2021 - The Global Satellite Manufacturing Market is estimated to reach $25.4 billion by 2025, growing at a CAGR of 3.1%. Satellite are launched into the space to provide various services such as telemetry, remote sensing, surveillance, communication and others. Major drivers for satellite manufacturing market growth are surge in utilization of satellites for military surveillance and other defense applications. There is a requirement of more data bandwidth and reliable communication infrastructure to the military for meeting the growing demand from UAVs and modern equipment. Surge in satellite based telemetry applications, development of all-electric propulsion systems for use in satellites al
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Sputnik International
Roswell International Air Center, New Mexico. Credit: Capella Space.
A next-generation satellite can peer through the Earth regardless of visibility or the time of day. Thanks to its high-frequency imaging instruments it can penetrate through clouds, fog, moisture, smoke, haze, and even some types of buildings. Don’t worry though, it can’t see what you’re doing inside your home.
The satellite, known as Capella-2, was launched last year in August, but it was only recently that it was made public. It is operated by a company called Capella Space, founded by Payam Banazadeh, a former system engineer at the NASA Jet Propulsion Laboratory.
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