CubeSat Market By Size, By Application, By End User, By Subsystem : Global Opportunity Analysis and Industry Forecast, 2023-2032

Description

The global CubeSat market was valued at $205.0 million in 2022, and is projected to reach $870.7 million by 2032, registering a CAGR of 16.22% from 2023 to 2032.

A cubeSat can be used as a single unit (1 U) or in clusters of several units or U's such as 1U, 2U, 3U, 6U, 12U, and others. For more than a span of 10 years, CubeSats have eased space launches. They are cost-effective solutions that have eased the launch of missions for low-Earth orbit for commercial companies, non-profit organizations, and educational institutions. These miniaturized satellites provide opportunities to perform several scientific studies and technology demos in space in a cost-effective, timely, and relatively easy manner.

CubeSats are widely used by researchers and experts globally for the exploration of space. The small size and weight characteristics of CubeSats make them quite suitable to rapidly manufacture and test, thus making them a perfect and inexpensive entity for the exploration of upcoming technologies and ideas. Small size and weight of cubeSat in comparison with conventional satellites are anticipated to boost the CubeSat market during the forecast period. However, limitations of CubeSats regarding payload accommodation as compared with large satellites are expected to hamper the growth of the CubeSat market during the forecast period.

CubeSats not only offer a practical solution for demonstrating innovative technologies but also force tremendous diminishment of the payloads and systems that boost the new approaches for spacecraft integration. CubeSats can acquire real-time interpretations of their environment and provide an affordable tool to launch smaller payloads. The most striking feature of cubeSats in terms of scientific exploration is that it offers versatility in space exploration missions that have the capability to provide much-required data about the solar system. In addition, owing to these characteristics, cubeSats can be manufactured relatively quickly.

Moreover, a CubeSat can be produced and launched into orbit based on the requirements, adding very little to the total cost in comparison to the expenses of traditional satellite missions. While it takes five to fifteen years to create and launch a large or conventional satellite into orbit, a CubeSat may be developed and launched into the required orbit in less than eight months.

CubeSats are expected to drive and provide the cubeSat market with growth opportunity during the forecast period. However, limitations of cubeSats regarding payload accommodation and stringent government regulations regarding the CubeSats are anticipated to hamper the growth of the market. Moreover, the developments of the technologies to enhance cubeSat capabilities and increase in demand for space data are expected to offer lucrative opportunities in future.

The global CubeSat market was severely affected by the COVID-19 pandemic, which led to disturbances in the supply chain and production procedures. The dynamics of the market were impacted by fluctuating demand and economic uncertainty.

The market is propelled by numerous modern satellites, which are being built for new uses such as space mining and trash clearance, while cubeSats' capabilities and utility are growing as a result of technology breakthroughs in communications and electronics. In terms of space mining, several commercial companies have already launched initiatives to take advantage of the water, minerals, and energy resources found in space. The most sophisticated cubesats are made to break down as soon as their mission is over and reach the atmosphere, preventing them from adding to the growing amount of space junk.

Companies and government organisations are currently working on initiatives to learn how to clear debris as major brands are taking more and more initiatives in this area. For instance, to find the best techniques for cleaning up space debris, the Remove Debris project, intends to evaluate critical active debris removal (ADR) technologies. The use of CubeSats to supply novel solutions is expected to boost the CubeSats market growth during the forecast period. The use of cubesats in the commercial sector has grown significantly in recent years due to the reduction in weight, increased standardisation, and decreased cost of satellite components. Small satellites are used in industries such as agriculture, forestry, energy, media & entertainment, civil engineering, and archaeology. Small satellites are used to provide communication services, high-resolution Earth photography, and space-based Internet access. With 36 small satellites in orbit, American startup Planet Labs offers high-resolution photos to commercial customers. Through tiny satellites, a number of businesses, including Digital Globe, O3B, and Skybox, offer services such as real-time satellite imagery, space-based Internet, and telephony.

The CubeSat market is segments into size, application, end user, subsystem, and region. By size, the market is divided into 0.25U to 1U, 1 to 3U, 3U to 6U, 6U to 12U, and 12U and above. By application, the market is segmented into earth observation & traffic monitoring, science & technology, and education, space observation, communication, and others. On the basis of end user, the market is segmented into government & military, commercial, and non-profit organizations. Depending on subsystem, the market is classified into payloads, structures, electrical power systems, command & data handling, propulsion systems, attitude determination & control systems, and others.

Region-wise, the market is analyzed across North America (U.S., Canada, and Mexico), Europe (UK, Germany, France, Russia, and rest of Europe), Asia-Pacific (China, India, Japan, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East and Africa).

Competitive analysis and profiles of the major global cubeSat market players provided in the report include Planet Labs Inc., GomSpace, AAC Clyde Space, Endurosat, Tyvak Nano-Satellite Systems, Inc., Surrey Satellite Technology Limited, Innovative Solutions in Space B.V., Space Inventor, Pumpkin Space Systems, and CU Aerospace, L.L.C. The key strategies adopted by the major players of the global market are product launch, mergers, and acquisitions.

Key Benefits For Stakeholders

This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the cubesat market analysis from 2022 to 2032 to identify the prevailing cubesat market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the cubesat market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global cubesat market trends, key players, market segments, application areas, and market growth strategies.

Additional benefits you will get with this purchase are:

Quarterly Update and* (only available with a corporate license, on listed price)
5 additional Company Profile of client Choice pre- or Post-purchase, as a free update.
Free Upcoming Version on the Purchase of Five and Enterprise User License.
16 analyst hours of support* (post-purchase, if you find additional data requirements upon review of the report, you may receive support amounting to 16 analyst hours to solve questions, and post-sale queries)
15% Free Customization* (in case the scope or segment of the report does not match your requirements, 15% is equivalent to 3 working days of free work, applicable once)
Free data Pack on the Five and Enterprise User License. (Excel version of the report)
Free Updated report if the report is 6-12 months old or older.
24-hour priority response*
Free Industry updates and white papers.

Possible Customization with this report (with additional cost and timeline, please talk to the sales executive to know more)

Product Benchmarking / Product specification and applications
New Product Development/ Product Matrix of Key Players
Regulatory Guidelines
Historic market data

Key Market Segments

By Application

Earth Observation and Traffic Monitoring
Science Technology and Education
Space Observation
Communication
Others

By End User

Government and Military
Commercial
Non-profit Organizations

By Subsystem

Payloads
Structures
Electrical Power Systems
Command and Data Handling
Propulsion Systems
Attitude Determination and Control Systems
Others

By Size

0.25U to 1U
1 to 3U
3U to 6U
6U to 12U
12U and Above

By Region

North America
- U.S.
- Canada
- Mexico
Europe
- Germany
- France
- UK
- Russia
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
LAMEA
- Latin America
- Middle East
- Africa

Key Market Players:

Adcole Maryland Aerospace
Clyde Space
Endurosat GmbH
G.A.U.S.S. Srl
GomSpace ApS
Innovative Solutions In Space B.V.
Millennium Space Systems
Planet Labs Inc.
Surrey Satellite Technology
Tyvak

Product Code: A09399

CHAPTER 1: INTRODUCTION

1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research methodology
- 1.4.1. Primary research
- 1.4.2. Secondary research
- 1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY

2.1. CXO perspective

CHAPTER 3: MARKET OVERVIEW

3.1. Market definition and scope
3.2. Key findings
- 3.2.1. Top impacting factors
- 3.2.2. Top investment pockets
3.3. Porter's five forces analysis
3.4. Market dynamics
- 3.4.1. Drivers
- 3.4.2. Restraints
- 3.4.3. Opportunities

CHAPTER 4: CUBESAT MARKET, BY SIZE

4.1. Overview
- 4.1.1. Market size and forecast
4.2. 0.25U to 1U
- 4.2.1. Key market trends, growth factors and opportunities
- 4.2.2. Market size and forecast, by region
- 4.2.3. Market share analysis by country
4.3. 1 to 3U
- 4.3.1. Key market trends, growth factors and opportunities
- 4.3.2. Market size and forecast, by region
- 4.3.3. Market share analysis by country
4.4. 3U to 6U
- 4.4.1. Key market trends, growth factors and opportunities
- 4.4.2. Market size and forecast, by region
- 4.4.3. Market share analysis by country
4.5. 6U to 12U
- 4.5.1. Key market trends, growth factors and opportunities
- 4.5.2. Market size and forecast, by region
- 4.5.3. Market share analysis by country
4.6. 12U and Above
- 4.6.1. Key market trends, growth factors and opportunities
- 4.6.2. Market size and forecast, by region
- 4.6.3. Market share analysis by country

CHAPTER 5: CUBESAT MARKET, BY APPLICATION

5.1. Overview
- 5.1.1. Market size and forecast
5.2. Earth Observation and Traffic Monitoring
- 5.2.1. Key market trends, growth factors and opportunities
- 5.2.2. Market size and forecast, by region
- 5.2.3. Market share analysis by country
5.3. Science Technology and Education
- 5.3.1. Key market trends, growth factors and opportunities
- 5.3.2. Market size and forecast, by region
- 5.3.3. Market share analysis by country
5.4. Space Observation
- 5.4.1. Key market trends, growth factors and opportunities
- 5.4.2. Market size and forecast, by region
- 5.4.3. Market share analysis by country
5.5. Communication
- 5.5.1. Key market trends, growth factors and opportunities
- 5.5.2. Market size and forecast, by region
- 5.5.3. Market share analysis by country
5.6. Others
- 5.6.1. Key market trends, growth factors and opportunities
- 5.6.2. Market size and forecast, by region
- 5.6.3. Market share analysis by country

CHAPTER 6: CUBESAT MARKET, BY END USER

6.1. Overview
- 6.1.1. Market size and forecast
6.2. Government and Military
- 6.2.1. Key market trends, growth factors and opportunities
- 6.2.2. Market size and forecast, by region
- 6.2.3. Market share analysis by country
6.3. Commercial
- 6.3.1. Key market trends, growth factors and opportunities
- 6.3.2. Market size and forecast, by region
- 6.3.3. Market share analysis by country
6.4. Non-profit Organizations
- 6.4.1. Key market trends, growth factors and opportunities
- 6.4.2. Market size and forecast, by region
- 6.4.3. Market share analysis by country

CHAPTER 7: CUBESAT MARKET, BY SUBSYSTEM

7.1. Overview
- 7.1.1. Market size and forecast
7.2. Payloads
- 7.2.1. Key market trends, growth factors and opportunities
- 7.2.2. Market size and forecast, by region
- 7.2.3. Market share analysis by country
7.3. Structures
- 7.3.1. Key market trends, growth factors and opportunities
- 7.3.2. Market size and forecast, by region
- 7.3.3. Market share analysis by country
7.4. Electrical Power Systems
- 7.4.1. Key market trends, growth factors and opportunities
- 7.4.2. Market size and forecast, by region
- 7.4.3. Market share analysis by country
7.5. Command and Data Handling
- 7.5.1. Key market trends, growth factors and opportunities
- 7.5.2. Market size and forecast, by region
- 7.5.3. Market share analysis by country
7.6. Propulsion Systems
- 7.6.1. Key market trends, growth factors and opportunities
- 7.6.2. Market size and forecast, by region
- 7.6.3. Market share analysis by country
7.7. Attitude Determination and Control Systems
- 7.7.1. Key market trends, growth factors and opportunities
- 7.7.2. Market size and forecast, by region
- 7.7.3. Market share analysis by country
7.8. Others
- 7.8.1. Key market trends, growth factors and opportunities
- 7.8.2. Market size and forecast, by region
- 7.8.3. Market share analysis by country

CHAPTER 8: CUBESAT MARKET, BY REGION

8.1. Overview
- 8.1.1. Market size and forecast By Region
8.2. North America
- 8.2.1. Key market trends, growth factors and opportunities
- 8.2.2. Market size and forecast, by Size
- 8.2.3. Market size and forecast, by Application
- 8.2.4. Market size and forecast, by End User
- 8.2.5. Market size and forecast, by Subsystem
- 8.2.6. Market size and forecast, by country
  - 8.2.6.1. U.S.
  - 8.2.6.1.1. Market size and forecast, by Size
  - 8.2.6.1.2. Market size and forecast, by Application
  - 8.2.6.1.3. Market size and forecast, by End User
  - 8.2.6.1.4. Market size and forecast, by Subsystem
  - 8.2.6.2. Canada
  - 8.2.6.2.1. Market size and forecast, by Size
  - 8.2.6.2.2. Market size and forecast, by Application
  - 8.2.6.2.3. Market size and forecast, by End User
  - 8.2.6.2.4. Market size and forecast, by Subsystem
  - 8.2.6.3. Mexico
  - 8.2.6.3.1. Market size and forecast, by Size
  - 8.2.6.3.2. Market size and forecast, by Application
  - 8.2.6.3.3. Market size and forecast, by End User
  - 8.2.6.3.4. Market size and forecast, by Subsystem
8.3. Europe
- 8.3.1. Key market trends, growth factors and opportunities
- 8.3.2. Market size and forecast, by Size
- 8.3.3. Market size and forecast, by Application
- 8.3.4. Market size and forecast, by End User
- 8.3.5. Market size and forecast, by Subsystem
- 8.3.6. Market size and forecast, by country
  - 8.3.6.1. Germany
  - 8.3.6.1.1. Market size and forecast, by Size
  - 8.3.6.1.2. Market size and forecast, by Application
  - 8.3.6.1.3. Market size and forecast, by End User
  - 8.3.6.1.4. Market size and forecast, by Subsystem
  - 8.3.6.2. France
  - 8.3.6.2.1. Market size and forecast, by Size
  - 8.3.6.2.2. Market size and forecast, by Application
  - 8.3.6.2.3. Market size and forecast, by End User
  - 8.3.6.2.4. Market size and forecast, by Subsystem
  - 8.3.6.3. UK
  - 8.3.6.3.1. Market size and forecast, by Size
  - 8.3.6.3.2. Market size and forecast, by Application
  - 8.3.6.3.3. Market size and forecast, by End User
  - 8.3.6.3.4. Market size and forecast, by Subsystem
  - 8.3.6.4. Russia
  - 8.3.6.4.1. Market size and forecast, by Size
  - 8.3.6.4.2. Market size and forecast, by Application
  - 8.3.6.4.3. Market size and forecast, by End User
  - 8.3.6.4.4. Market size and forecast, by Subsystem
  - 8.3.6.5. Rest of Europe
  - 8.3.6.5.1. Market size and forecast, by Size
  - 8.3.6.5.2. Market size and forecast, by Application
  - 8.3.6.5.3. Market size and forecast, by End User
  - 8.3.6.5.4. Market size and forecast, by Subsystem
8.4. Asia-Pacific
- 8.4.1. Key market trends, growth factors and opportunities
- 8.4.2. Market size and forecast, by Size
- 8.4.3. Market size and forecast, by Application
- 8.4.4. Market size and forecast, by End User
- 8.4.5. Market size and forecast, by Subsystem
- 8.4.6. Market size and forecast, by country
  - 8.4.6.1. China
  - 8.4.6.1.1. Market size and forecast, by Size
  - 8.4.6.1.2. Market size and forecast, by Application
  - 8.4.6.1.3. Market size and forecast, by End User
  - 8.4.6.1.4. Market size and forecast, by Subsystem
  - 8.4.6.2. India
  - 8.4.6.2.1. Market size and forecast, by Size
  - 8.4.6.2.2. Market size and forecast, by Application
  - 8.4.6.2.3. Market size and forecast, by End User
  - 8.4.6.2.4. Market size and forecast, by Subsystem
  - 8.4.6.3. Japan
  - 8.4.6.3.1. Market size and forecast, by Size
  - 8.4.6.3.2. Market size and forecast, by Application
  - 8.4.6.3.3. Market size and forecast, by End User
  - 8.4.6.3.4. Market size and forecast, by Subsystem
  - 8.4.6.4. South Korea
  - 8.4.6.4.1. Market size and forecast, by Size
  - 8.4.6.4.2. Market size and forecast, by Application
  - 8.4.6.4.3. Market size and forecast, by End User
  - 8.4.6.4.4. Market size and forecast, by Subsystem
  - 8.4.6.5. Rest of Asia-Pacific
  - 8.4.6.5.1. Market size and forecast, by Size
  - 8.4.6.5.2. Market size and forecast, by Application
  - 8.4.6.5.3. Market size and forecast, by End User
  - 8.4.6.5.4. Market size and forecast, by Subsystem
8.5. LAMEA
- 8.5.1. Key market trends, growth factors and opportunities
- 8.5.2. Market size and forecast, by Size
- 8.5.3. Market size and forecast, by Application
- 8.5.4. Market size and forecast, by End User
- 8.5.5. Market size and forecast, by Subsystem
- 8.5.6. Market size and forecast, by country
  - 8.5.6.1. Latin America
  - 8.5.6.1.1. Market size and forecast, by Size
  - 8.5.6.1.2. Market size and forecast, by Application
  - 8.5.6.1.3. Market size and forecast, by End User
  - 8.5.6.1.4. Market size and forecast, by Subsystem
  - 8.5.6.2. Middle East
  - 8.5.6.2.1. Market size and forecast, by Size
  - 8.5.6.2.2. Market size and forecast, by Application
  - 8.5.6.2.3. Market size and forecast, by End User
  - 8.5.6.2.4. Market size and forecast, by Subsystem
  - 8.5.6.3. Africa
  - 8.5.6.3.1. Market size and forecast, by Size
  - 8.5.6.3.2. Market size and forecast, by Application
  - 8.5.6.3.3. Market size and forecast, by End User
  - 8.5.6.3.4. Market size and forecast, by Subsystem

CHAPTER 9: COMPETITIVE LANDSCAPE

9.1. Introduction
9.2. Top winning strategies
9.3. Product mapping of top 10 player
9.4. Competitive dashboard
9.5. Competitive heatmap
9.6. Top player positioning, 2022

CHAPTER 10: COMPANY PROFILES

10.1. Planet Labs Inc.
- 10.1.1. Company overview
- 10.1.2. Key executives
- 10.1.3. Company snapshot
- 10.1.4. Operating business segments
- 10.1.5. Product portfolio
- 10.1.6. Business performance
- 10.1.7. Key strategic moves and developments
10.2. GomSpace ApS
- 10.2.1. Company overview
- 10.2.2. Key executives
- 10.2.3. Company snapshot
- 10.2.4. Operating business segments
- 10.2.5. Product portfolio
- 10.2.6. Business performance
- 10.2.7. Key strategic moves and developments
10.3. Clyde Space
- 10.3.1. Company overview
- 10.3.2. Key executives
- 10.3.3. Company snapshot
- 10.3.4. Operating business segments
- 10.3.5. Product portfolio
- 10.3.6. Business performance
- 10.3.7. Key strategic moves and developments
10.4. Endurosat GmbH
- 10.4.1. Company overview
- 10.4.2. Key executives
- 10.4.3. Company snapshot
- 10.4.4. Operating business segments
- 10.4.5. Product portfolio
- 10.4.6. Business performance
- 10.4.7. Key strategic moves and developments
10.5. Tyvak
- 10.5.1. Company overview
- 10.5.2. Key executives
- 10.5.3. Company snapshot
- 10.5.4. Operating business segments
- 10.5.5. Product portfolio
- 10.5.6. Business performance
- 10.5.7. Key strategic moves and developments
10.6. Adcole Maryland Aerospace
- 10.6.1. Company overview
- 10.6.2. Key executives
- 10.6.3. Company snapshot
- 10.6.4. Operating business segments
- 10.6.5. Product portfolio
- 10.6.6. Business performance
- 10.6.7. Key strategic moves and developments
10.7. Surrey Satellite Technology
- 10.7.1. Company overview
- 10.7.2. Key executives
- 10.7.3. Company snapshot
- 10.7.4. Operating business segments
- 10.7.5. Product portfolio
- 10.7.6. Business performance
- 10.7.7. Key strategic moves and developments
10.8. G.A.U.S.S. Srl
- 10.8.1. Company overview
- 10.8.2. Key executives
- 10.8.3. Company snapshot
- 10.8.4. Operating business segments
- 10.8.5. Product portfolio
- 10.8.6. Business performance
- 10.8.7. Key strategic moves and developments
10.9. Innovative Solutions In Space B.V.
- 10.9.1. Company overview
- 10.9.2. Key executives
- 10.9.3. Company snapshot
- 10.9.4. Operating business segments
- 10.9.5. Product portfolio
- 10.9.6. Business performance
- 10.9.7. Key strategic moves and developments
10.10. Millennium Space Systems
- 10.10.1. Company overview
- 10.10.2. Key executives
- 10.10.3. Company snapshot
- 10.10.4. Operating business segments
- 10.10.5. Product portfolio
- 10.10.6. Business performance
- 10.10.7. Key strategic moves and developments