The Journal of Space Commerce

The Journal of Space Commerce

Small Satellite Market Forecast Through 2029

Could Reach $11.2 Billion at a 16.6 Percent CAGR

Tom Patton's avatar
Tom Patton
Aug 02, 2024
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The Small Satellite market is estimated to be $5.2 billion this year and is projected to reach $11.2 billion by 2029 at a CAGR of 16.6 percent according to a new report by MarketsandMarkets. Government agencies worldwide are actively fostering the growth of the small satellite industry through various targeted programs.

The small satellite market is unde…

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