The market is growing smaller
Over the last few years there has been a trend in the established satellite industry toward higher efficiency per unit mass on orbit. This is seen in both smaller size and in higher performance spacecraft. Especially in the last two years, the small satellite market has matured significantly and is growing rapidly.
The trend toward smaller spacecraft can, at least in part, be attributed to the introduction of the Cubesat standard for nano satellites. Nano satellites have a segment of the market in their own right. Starting humbly as a “do-it-yourself” space system of 1 cubic decimeter (defined as 1Unit or 1U) aimed mostly at educational purposes, Cubesats have grown both in size and reliability such that six unit (6U) Cubesats are performing increasingly advanced missions.