(I-BusinessNews.Com, October 07, 2021 ) The Small Satellite Market size is analyzed to grow at a CAGR of 18.2% during the forecast 2021-2026 to reach $8.2 billion. Small satellites, also termed as Smallsats are a class of flight-proven spacecraft, designed to meet high reliability mission requirements. The increasing popularity of these mini-satellites and nano-satellites is mostly due to their lightweight, versatile and inexpensive designs, integrated with the latest software and hardware improvements, which fuel the growth of the Small Satellite Industry. Hence, the affordable solution has broadened the diverse mission-specific standards across various industry verticals, including, asset tracking, security & defense, IoT, and other space programs. Furthermore, the rise in demands for satellite imagery, low-cost high-speed broadband, along with the investments in fundamental research in CubeSats are some of the factors that drive the growth of the Small Satellite Market.