The Journal of Space Commerce

The Journal of Space Commerce

Low-Cost Satellite Market Size Forecast to Grow Over $1 Billion

Tom Patton's avatar
Tom Patton
Feb 01, 2021
∙ Paid

A new low-cost satellite market research report from Technavio indicates negative growth in the short term as the business impact of COVID-19 spreads. However, the report indicates that the market is expected to post a year-over-year growth rate of 3.31% at a CAGR of almost 6% during the forecast period.

"One of the primary growth drivers for this market…

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