Small Satellites and the Growing Demand for Earth Observation: Market Impacts

“Stratview estimates that the global annual small satellites installations reached 2,372 units in 2024 and are expected to reach 2,838 units in 2030, with a growth rate of 3.0%.”

Miniaturized satellites having a wet mass of under 1,200 kilograms are considered under the small satellites category. The weight of the small satellites varies as per the components and sensors installed in them. These satellites have a shorter development team and cycles; thus, they can be developed and launched at a lower cost than traditional large satellites. Developments in computational technology and data analytics drove the miniaturization of satellite systems. This affordability and adaptability are fueling innovation across various sectors.