The Journal of Space Commerce

The Journal of Space Commerce

Report: Small Satellite Market To Grow 20.5 Percent Annually Over the Next Five Years

Tom Patton's avatar
Tom Patton
Aug 18, 2020
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The growing demand for LEO-based services, demand for Earth observation imagery and analytics and increasing in number of space exploration missions will drive growth in the small satellite market from $2.8 billion in 2020 to $7.1 billion by 2025, at a CAGR of 20.5% from 2020 to 2025, according to a new market research report.

According to the "Small Sat…

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