Small satellites driving space industry growth: report
Small satellites used for observing conditions on the earth are the fastest growing segment of the $260.5 billion global satellite industry, the Satellite Industries Association said in an annual report released on Tuesday.
Small satellites, some no bigger than a shoe box, generated an 11 percent jump in annual revenue for Earth imagery in 2016 and a growing share of the 1,459 operating spacecraft that circled the planet at the end of the year, the report said.
The orbital fleet includes 499 satellites that weigh up to 1,323 pounds (600 kg), many of them used for Earth observation and remote sensing, said Carissa Christensen, chief executive of Bryce Technology and Space, which wrote the report for the trade association.
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