Small satellite market overview

According to the latest report from Market Research Future, the global small satellite market will reach US$12.25 billion by 2030 , with a compound annual growth rate of 19.60%.

driving factors

Development of small satellites will drive market growth

The major driving force for the market growth during the forecast period is the increased focus by satellite manufacturers on the development of small spacecrafts as the cost and development time of small satellites have reduced.