Company: SIDU
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001742
Chunk: 1086

Company: Sidus Space Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 1086
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 is now receiving increased attention, as launch
supply adapts to meet rising demand with greater responsiveness and innovation.

Small
Satellite Market

Since
2018, the commercial space market has experienced a significant paradigm shift, leading to an increased demand for small satellites. According to Euroconsult, smallsats have become more compact over the past few years while enhancing their performance. Technological
advancements have expanded their mission capabilities, making them more resilient, effective, and cost-effective. This miniaturization
trend allows customers to choose between lighter satellites with unchanged capabilities or larger, more powerful satellites offering
greater functionalities. Key technical enablers include:

    ●
    Extended
    use of electric propulsion

    ●
    Miniaturization
    of attitude sensors

    ●
    Improvements
    in solar cell and battery efficiency

    ●
    Commercial
    off-the-shelf (COTS) solutions for bus electronics

    ●
    3D
    printing technologies

The
demand for large geosynchronous satellites has declined as companies focus on deploying constellations of smaller, cost-effective broadband
satellites in low and medium Earth orbits. Advancements in space-related sectors, particularly computational technologies and data analytics,
have facilitated the miniaturization of satellite systems, thereby enhancing the market. Consequently, smallsats now provide operational
services previously exclusive to larger satellites. Euroconsult projects that approximately 26,104 smallsats (under 500 kg) will be launched
between 2023 and 2032, averaging a daily launch mass of 1.5 tons over the decade.

Moreover,
this market growth has led to the emergence of new segments, such as nanosatellites (weighing less than 10 kg) and microsatellites (weighing
between 10 and 100 kg). These satellites can operate individually or as part of constellations—large groups of interconnected satellites
providing services like global internet connectivity, exemplified by SpaceX’s Starlink constellation. Euroconsult reports that
the smallsat manufacturing market, valued at $15.5 billion from 2012 to 2021, is expected to grow by 258% to $55.6 billion over 2022
to 2031, driven by numerous constellation projects from both commercial and government stakeholders. The next decade will primarily feature
the rollout of multiple constellation projects, accounting for 81% of smallsat launches, mainly by commercial operators. Notably, 3,335