As per this study the Global CubeSat Market was valued USD XX MN (by revenue) in 2021 and is anticipated to reach USD XX MN by 2028 with a CAGR of XX%.
CubeSat is the miniature satellite designed for space research. It has a size similar to rubik cube (10cm*10cm*10cm) and mass around 1.33 kilograms. CubeSat is inexpensive, quick to build nanosatellite, often used as commercial-off-the-shelf components.
Rising adoption of small satellites in space education, earth remote sensing, science and defense sector is driving the market growth. Shorter development cycles, low manufacturing cost, easier containerization and launch are some of the factors boosting the demand for CubeSat. Also, continuous R&D along with soaring need of miniaturization within space sector has further contributed the market growth. Moreover, booming demand for IoT and machine-to-machine satellite network is likely to propel the market growth in the forecast period. However, the lack of launch vehicle may hamper market growth.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of CubeSat.
The broad CubeSat market has been sub-grouped into size, application, subsystem and end-user. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
- Above 12U
- Earth Observation & Traffic Monitoring
- Science & Technology
- Electrical Power Systems (EPS)
- Command & Data Handling (C&DH)
- Attitude Determination & Control Systems
- Propulsion Systems
- Government & Military
- Defense Organization
- Space Agencies
- Energy & Power
- Environmental Protection
- Non Profit Organization
Furthermore, the report comprises of the geographical segmentation, which mainly focuses on current and forecast demand for CubeSat in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global CubeSat Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the CubeSat market include Adcole Maryland Aerospace, Busek Co., Clyde Space, CU Aerospace, Endurosat, Gomspace, Harris Corporation, Nanoavionics, OHB SE, Planet Labs, Pumpkin Space Systems, Sierra Nevada Corporation, Space Systems Loral (SSL), Surrey Satellite Technology and Tyvak Nano-Satellite Systems among others. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand.