A smallsat is a satellite of low mass and size, usually weighing under 500 kg. (1,100 lb). While all such satellites can be referred to as ‘small,’ different classifications are used to categorize them based on mass.
Motivated by visions of hundreds, if not thousands, of smallsats launching yearly, buoyed by venture capitals markets that become responsive to space endeavors and encouraged by the highly visible success of entrepreneurs across the globe have embarked on what was once considered the incredibly risky and financially non-rewarding venture of designing and fielding a new rocket. The global smallsat market is dominated by companies based in the United States, China and the European Union (EU).
The publisher’s latest report Small Satellites – Market and Technology Forecast to 2029 examines, analyzes, and predicts the evolution of smallsat technologies and markets and their expenditures over the next eight years – 2021 -2029 — in the space industry. The report also examines smallsat geographic markets, focusing on the top 95% of the global markets in the United States, Europe and Asia.
This report provides the most thorough and realistic forecast and offers a twin-scenario analysis of this industry.