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
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 …
Small Satellite Market expected at a CAGR of ~18.5% & US$ 12.9 Bn during the forecast period 2022–2031
The small satellite market revenue totaled ~US$ 3.05 Bn in 2020, according to Future Market Insights (FMI), and is expected to reach ~US$ 12.9 Bn by 2031. The small satellite market is expected to grow at a CAGR of 18.5% during 2021-2031. Small Satellite Market Base year (2020) Value US$ 3.05 Bn Small Satellite Market Projected year (2031) Value US$ 12.9 Bn CAGR% …