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Increasing Seaborne Trade Across The Globe To Propel Port Equipment Market

The factors that are expected to fuel the growth of the port equipment market are the increasing seaborne trade across the globe and the growing number of container shipments in Asia Pacific and the Middle East. Various countries have been focusing on developing new ports owing to the increase in vessel count and trade volume. According to the International Chamber of Shipping, 90% of the world’s trade is carried out through seaways as they are ideal for heavy and bulk goods, have large carrying capabilities, and offer competitive freight costs. The global port equipment market size is expected to grow from USD 29.2 billion in 2018 to USD 36.6 million by 2023, at a CAGR of 3.30% during the forecast period. The major driving factors for the port equipment market are the increasing seaborne trade across the globe and the growing number of container shipments in Asia Pacific and the Middle East. Based on equipment type, the straddle carriers segment is estimated to lead the port equipm
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Small Satellite Services Market Development Remote Sensing Application Segment By Sub-segment 2022

 The global small satellite services market size is projected to grow from an estimated USD 14.88 Billion in 2017 to USD 53.22 Billion by 2022, at a CAGR of 29.03% during the forecast period. Key factors, such as increasing demand for earth observation and satellite broadband services, and satellite miniaturization technology are expected to fuel the growth of the small satellite services market.


Based on platform, the minisatellite (101–500 kg) segment is estimated to account for the largest share of the small satellite services market in 2017 due to the increasing demand for services, such as remote sensing, disaster management, military intelligence, telecommunications, and other academic services globally.

Target Audience

  • Small Satellite Service Providers
  • Small Satellite Manufacturers
  • Subsystem Manufacturers
  • Technology Support Providers
  • Ministry of Defense
  • Scientific Research Centers
  • Software/Hardware/Service and Solution Providers

Based on vertical, the commercial segment is projected to lead the small satellite services market during the forecast period

Based on vertical, the commercial segment is projected to lead the small satellite services market during the forecast period. Small satellites have computational and communication capabilities, along with competencies in making decisions about the time the particular data is required to be sent.

Browse In-depth Insights: https://www.marketsandmarkets.com/Market-Reports/small-satellite-service-market-150469603.html

North America is estimated to account for the largest share of the small satellite services market in 2017

North America is estimated to lead the small satellite services market in 2017. Increasing interest in small satellites due to their low cost, advanced mechanics, and ease of assembly and launch has led to a rise in venture capital-backed funding for small satellites in the region and is thus leading to the increasing scope for satellite services. The small satellite services market in the North American region is expected to witness high growth during the forecast period.

The demand for satellite broadband services is increasing in the US and Canada. Broadband service providers are witnessing a surge in demand for broadband services from urban as well as rural populations.

Singapore Telecommunications Limited (Singapore), Eutelsat Communications S.A. (France), EchoStar Corporation (US), Inmarsat plc (UK), and Viasat, Inc. (US), among others, are the major players in the small satellite services market.

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Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

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