Small Satellite Market Boosted by SmallSat Development

The small satellite market is expected to reach $1.17 billion by 2028, estimated to grow at a CAGR of 24.7% from 2022 to 2028.

According to a new report from Research and Markets, Internet access, machine-to-machine communication (M2M), and the Internet of Things (IoT) are among the most important applications of a small satellite. Space has become an id…