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. The rapid adoption of 3D printing parts for satellite manufacturing and rising applications of satellites from several sectors are expected to boost market progress. Fortune Business Insights™ presents this information in its report titled “Small Satellite Market, 2023-2029.”

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Small Satellite Market Size, Industry Share, Growth Rate, Forecast, 2030

The global small satellite market is projected to grow from $5.60 billion in 2022 to $12.02 billion by 2029, at a CAGR of 11.53% in forecast period, 2022-2029