Here is why the small satellites market is witnessing a high growth rate

It is very exciting to observe that, the small satellites market is witnessing a high growth rate owing to the advancements in satellite miniaturization, increasing capability of electronic technology, ascending demand for small satellite constellations, and increase in the deployment of small satellites for commercial end users.

Recent innovations in small satellite subsystems have enabled them to reach a wider segment of consumers in the satellite industry. The companies are developing relatively low-cost small satellites, i.e., small satellites, which facilitate services almost equivalent to the traditional big satellites that serve government agencies or public sector industries.

According to Research and Markets, Small Satellites Market Reported a Revenue of $2,528.1 Million in 2016, and Government End User is Expected to Generate the Highest Revenue by 2021