Evolving Satellite Propulsion Market: Innovations, Growth Drivers, and Future Prospects (2024–2030)
The Satellite Propulsion Market is witnessing rapid growth, driven by increasing satellite launches, advancements in propulsion technology, and the rising need for efficient space operations. The market is projected to grow from USD 2.60 billion in 2024 to USD 5.19 billion by 2030, at a CAGR of 12.2%. The demand for orbit correction, station-keeping, and deep-space exploration has led to the development...
Small Satellite Market Soars: USD 7.0 Billion by 2028, A 16.8% Growth Trajectory
The Small Satellite Market is projected to experience substantial growth, reaching a valuation of USD 7.0 Billion by 2028, with a Compound Annual Growth Rate (CAGR) of 16.8% during the forecast period (2023-2028). Key factors contributing to this growth include a significant reduction in launch costs and the emergence of dedicated small satellite launch providers, driven by advancements...