Small Satellites, also called Smallsats or Minisatellite, are artificial satellites with a wet mass ranging between 100 – 500 kgs (including fuel). As far as usage value is concerned, any satellite with a mass below 500 kg is considered as a small satellite. These are further classified into different categories basis their varying masses. Previously, small satellites were considered only as experimental toys, but today they find themselves entrenched in various space research applications. Small satellites were initially utilised for low-earth orbit (LEO) missions; however, today they find application in geostationary (GEO) as well as planetary mission applications. In 2004, questions were raised if small satellites were complementary or disruptive technology. The AIAA/USU Conference on Small Satellites has been working for the last two decades to resolve this debate. While small satellites offer multiple advantages, their launch rate has been stagnant for a while. According to the AIAA/USU, it is important to establish the value and efficacy of small satellites as a disruptive technology if the market has to witness a paradigm shift in the near future.