Satelite market

The small satellite market was valued at $3,632.4 million in 2018, and is expected to reach $15,686.3 million by 2026, registering a CAGR of 20.1% from 2018 to 2026. Small Satellites are satellites with masses lower than 500 kg.

The small satellite market is anticipated to grow significantly during the forecast period owing to numerous factors such as increase in demand for small satellites for earth observation services in numerous sectors such as agriculture, energy, civil engineering, oil & gas, and others, which consequently fuels the use of small satellites. CubeSats are increasingly being used by defense organizations globally to improve the battlefield communications, gather information from unattended sensors, and monitor space weather. Other applications of small satellites in the defense sector include medium resolution imagery, tactical communication, and geospace & atmospheric research.

https://industrystatsreport.com/ICT-and-Media/Small-Satellite-Services-Market/Summary