The global small satellite market size was valued at USD 4.90 billion in 2021 and reached USD 5.60 billion in 2022. The market is expected to be valued at USD 12.02 billion by 2029, exhibiting a CAGR of 11.53% during the forecast period. Browse Summary https://www.fortunebusinessinsights.com/industry-reports/small-satellite-market-101917

The global Small Satellite Market size is expected to experience significant growth by reaching USD 10.75 billion by 2028 while exhibiting a CAGR of 12.55% in 2021 and 2028. Fortune Business Insights, in its report titled “Small Satellite Market, 2021-2028.”, observes that the market stood at USD 4.08 billion in 2020. Factors such as the increasing adoption of modern technologies such as the internet of things (IoT) in the manufacturing sector will propel the demand for the product. Information Source: https://www.fortunebusinessinsights.com/industry-reports/small-satellite-market-101917

The global Small Satellite Market size is expected to experience significant growth by reaching USD 10.75 billion by 2028 while exhibiting a CAGR of 12.55% in 2021 and 2028. Fortune Business Insights, in its report titled “Small Satellite Market, 2021-2028.”, observes that the market stood at USD 4.08 billion in 2020. Factors such as the increasing adoption of modern technologies such as the internet of things (IoT) in the manufacturing sector will propel the demand for the product. The effect of the global pandemic, COVID-19, has been felt across several economies facing unprecedented loss. Owing to the lockdown announced by the government agencies, several industries have been on a standstill with limited operational activities. However, a collective effort from the government and the industries is likely to bring the economy back on track and aid in the resumption of industrial activities. Information Source - https://www.fortunebusinessinsights.com/industry-reports/small-satellite-market-101917