Market Analysis
Dorian Gorgan
Abstract
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. This small satellite market analysis projects the market to grow at a significant CAGR of 14.15% by value and 14.28% by volume, during the forecast period from 2019 to 2030. North America dominated the global small satellite market at a share in 2018. Europe, including the major countries such as the U.K., Germany, Denmark, and Russia, are the most prominent countries for the small satellite market. During the forecast period, the Rest-of-the-World is anticipated to grow at the highest rate due to the increasing requirement of the affordable satellite to attain sustainability.