The Journal of Space Commerce

The Journal of Space Commerce

Small Satellite Market Growth to Top 16 Percent CAGR Through 2028

Tom Patton's avatar
Tom Patton
Apr 25, 2023
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The small satellite market is projected to grow from $3.2 billion in 2022 to $7 billion by 2028, at a CAGR of 16.8 percent during the forecast period. The growth of this market can be attributed to the increasing need for secure satellite communications for military missions and commercial applications, according to a new report from MarketsandMarkets. …

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