Small Satellites and the New Space Economy: A Market Overview

The small satellites market grew from USD 763.7 million in 2017 to USD 4657.0 million in 2022, exhibiting a growth of 500%. Also, it estimates that in the coming 5 years, the market will reach USD 8,456.3 million, almost double what it is in the year 2022.

Small satellites, often referred to as "smallsats," are a category of spacecraft characterized by their compact size and relatively low mass. These satellites typically weigh less than 500 kilograms (1100 pounds) and come in various forms, including CubeSats, nanosatellites, and microsatellites.