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The NewSpace Global (NSG) 2023 SmallSat Report offers a financially-focused market overview of the small satellite (SmallSat) subvertical. It aims to provide opportunities for investors in this critical sector of the NewSpace economy and shed light on emerging trends in the SmallSat ecosystem.

In the next 10 years, NSG analysts predict growth for SmallSats in two areas. Firstly, companies utilizing SmallSats for on-orbit servicing will experience increased demand. This sector is expected to play an indispensable role in the broader space economy. With the ability to provide maintenance and repairs while in orbit, SmallSats can extend the lifespan of satellites and reduce reliance on costly replacement missions.

Secondly, space traffic management is set to become increasingly important. As the number of satellites in orbit continues to rise, ensuring safe navigation in space is crucial. Companies working on space traffic management, utilizing SmallSats for monitoring and tracking, are expected to see a surge in demand for their services. These SmallSats will aid in avoiding collisions and keeping communication channels clear.

The SmallSat ecosystem offers a range of opportunities for investors. With advancements in technology, SmallSats are becoming more capable and cost-effective. This allows for increased innovation in various industries, such as Earth observation, communications, and scientific research.

In conclusion, the NSG 2023 SmallSat Report highlights the potential for growth and investment in the SmallSat sector. With the increasing need for on-orbit servicing and space traffic management, companies utilizing SmallSats are well-positioned to meet these demands. Additionally, advancements in technology continue to make SmallSats more accessible and efficient, opening doors to new possibilities in space exploration and industry applications.

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