Technavio reports that the Global Small Satellite Market will grow by USD 3,734.88 million at a CAGR of 16.78% from 2022 to 2027. This growth is attributed to the cost-effective deployment of micro- and nanosatellites, increased commercial adoption, and advancements in satellite production and launches, reshaping the space industry. Small satellites, ranging from a few grams to several hundred kilograms, aim to reduce launch and manufacturing costs. These satellites are easily mass-produced, making them a cost-efficient solution for businesses of all sizes and providing faster deployment cycles compared to larger satellites.

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