The global Small Satellite market size is projected to grow from USD 2.8 billion in 2020 to USD 7.1 billion by 2025. Growth is driven by demand for LEO-based services, demand for Earth observation imagery and analytics and increasing number of space exploration missions are the major drivers of small satellite market.

The small satellite market includes major players Sierra Nevada Corporation (US), L3 Harris Technologies (US), Lockheed Martin Corporation (US), Northrop Grumman Corporation (US), and Airbus Defense and Space (Netherlands).

Small Satellite is the fastest-growing segment of the Small Satellite market, by Satellite Mass. The growth of this segment can be attributed due its wide use for Earth observation and broadband internet. Small satellites are used in constellation architecture for gathering scientific data and communication purposes. Small satellites are used for in-orbit inspection purposes of larger satellites. These are also used as test carriers for newly developed components that are to be installed on a much critical satellite.

Earth observation & remote sensing is the fastest-growing segment of the Small Satellite market, by application. The growth of this segment can be attributed due to compact nature of small satellites led to efficient Earth observation and remote sensing. due to their compactness, they are ideal for Earth observation and tracking of various weather-related phenomena such as hurricanes, lightning, and polar lights, or natural catastrophes as well as speculation of accidental disasters with relatively no delay in reporting time.

We have completed over 30 assignments in this field in recent times across technology and functional related positions and are interested to talk to anyone active in this market.

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