The Journal of Space Commerce

The Journal of Space Commerce

Need for Remote Sensing and Earth Observation Growing

Tom Patton's avatar
Tom Patton
Nov 02, 2022
∙ Paid

The need for remote sensing and earth observation is a driving factor in the forecast growth of the small satellite market. The global small satellite market size reached $3.68 billion in 2021 and is expected to reach $8.84 billion by 2027, exhibiting a CAGR of 15.73% during 2021-2027, according to a new report from Research and Markets.

A small satellit…

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