Small Satellite Market to Grow to $8.84 Billion by 2027

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 the forecast period.

A small satellite, also known as smallsat, refers to a type of low mass and size satellite, usually under 1,200 kg (≈2,650 pounds). Based on weight, it is categorized into minisatelli…