Market Overview:
Small satellites are spacefaring vehicles that mass less than 500 kg. They are more resource and cost-effective than traditional large satellites for certain types of missions like earth observation, technology demonstrations, and additional communication capacity. Their small size allows lower launch costs and more frequent launch opportunities.

Market key trends:
One of the major trends driving the growth of small satellites is the rise of ... Read more

Small satellites are gaining prominence across various applications owing to their cost-effective attributes and miniaturization of components. Small satellites help deliver earth observation and communication services at lower costs than traditional large satellites, thereby witnessing increasing adoption. The global small satellite market is estimated to be valued at US$ 4.51 Bn in 2023 and is expected to exhibit a CAGR of 4.8% over the forecast period ... Read more