The small satellite market is poised for substantial growth in 2024, driven by technological advancements, increasing demand for satellite constellations, and expanding applications across various sectors. Small satellites, typically weighing between 1 to 500 kilograms, have gained popularity due to their cost-effectiveness, rapid development timelines, and versatility in fulfilling diverse mission objectives. Technological Advancements Advancements in miniaturization of components, particularly in electronics and propulsion systems, have significantly reduced the size and weight of small satellites while enhancing their performance capabilities. This trend allows for greater payloads and more sophisticated onboard systems, enabling small satellites to perform tasks traditionally reserved for larger counterparts. Increasing Demand for Satellite Constellations One of the primary drivers of growth in the small satellite market is the rising demand for satellite constellations. Thes...