Covid-19 impact and analysis on small satellite market

Small satellites are also known by the name of smallsats and are mainly under the weight of 180kgs and have the size of a large home kitchen. These small smallsats are further divided into a number of types such as minisatellite that ranges between 100-180 kgs, microsatellite with 10-100 kgs, nanosatellite with 1-10 kgs, picosatellite that are of 0.01-1kgs, and femtosatellite with the weight of 0.001 – 0.01 kgs.

Small satellites can have a number of applications such as earth observation, communication, scientific research, surveillance, and navigation. These can be used in civil, commercial, as well as defense purposes.

Small satellite market is likely to witness an impressive CAGR of 22.2% during the forecast period. Factors such as growing attention on minimizing mission costs, satellite miniaturization, and rising demand for earth-observation-related applications are expected to drive the growth of the global small satellite market.