The small satellite market is expected to thrive at a strong CAGR of 15.3% during the forecast period. The market is anticipated to cross a market size of US$ 55.9 billion by 2033, while it holds a revenue of US$ 13.5 billion in 2023. The expanding space exploration programs around the world have become an important element …
Tag Archives: Small Satellite Market trends
Global Small Satellite Market Predicted to Reach US$ 55.9 Billion by 2033, Reveals FMI Analysis
During the forecast period, the small satellite market is anticipated to grow at a strong 15.3% CAGR. By 2033, the market is expected to be worth US$ 55.9 billion and generate US$ 13.5 billion in revenue. The growing number of international space exploration initiatives has significantly impacted the space race. The use of tiny satellites …