Small satellites provide fundamentally new designs for a wide range of space operations, with the potential for exponential leaps in transformational research due to technology advancements. In January 2021, SpaceX launched a Falcon 9 rocket from Cape Canaveral with 143 tiny satellites. The development of reusable rocket technology has brought down the cost of launch services, allowing more people throughout the world to use small satellites. During the projected period, the worldwide small satellite market is expected to rise due to increased technological innovation, decreased launch costs, and the development of automation technologies.
Small satellites manufactured according to CubeSat specs save a lot of money. This helps to remove barriers to reaching and exploring space, resulting in a spike in tiny satellite popularity since their beginnings. Furthermore, depending on the requirements, a small satellite could be developed and launched into orbit for less money than regular satellite missions.
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