Small satellite market: Global Industry Analysis and Forecast (2024-2030)

Despite growth prospects, the global small satellite market faces barriers that will affect its growth during the forecasting period. Payload limitations are a significant challenge, as small satellites have restricted capacity for carrying instruments and sensors, limiting their versatility. Space debris management and collision risks in crowded orbits are a reason for growing concern in the global small satellite market due to the increasing number of small satellite deployments. Regulatory challenges vary globally and include spectrum allocation, licensing complexities, and international coordination issues, posing barriers to market expansion.