It is believed that the Small Satellite Market has witnessed significant growth and innovation in recent years, changing how we think about space exploration, communication, Earth observation, as well as scientific research. Small satellites also known as nanosatellites or tinysats are spacecraft that have a mass ranging from just a few kilograms up to a few hundred kilograms.
Small satellites are fairly inexpensive to construct and launch when compared to larger satellites. They are able to benefit from advances in miniaturization technology, commercial off-the-shelf (COTS) components as well as standard systems, making it easier to manufacture and deployment costs.
The need for applications using small satellites has been growing rapidly across many areas, such as telecommunications, the remote-sensing industry, monitoring of weather catastrophe response, research, and defense. Small satellites can provide flexible and responsive solutions that can meet specific requirements and quickly changing market requirements.
The small satellite market has experienced remarkable growth and numerous industry reports and forecasts predict continued growth over the next few years.
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