CubeSat Market Report: Trends, Forecast and Competitive Analysis to 2030

CubeSat Trends and Forecast

The future of the global CubeSat market looks promising with opportunities in the government & military, commercial, and non-profit organization markets. The global CubeSat market is expected to reach an estimated $0.6 billion by 2030 with a CAGR of 13.7% from 2024 to 2030. The major drivers for this market are rising demand for CubeSats from several commercial applications, increasing demand for low-cost and versatile satellite solutions, and technological advancements in electronic components.

A more than 150-page report is developed to help in your business decisions.

CubeSat by Segment

The study includes a forecast for the global CubeSat by subsystem, application, end use, and region.

CubeSat Market by Subsystem [Shipment Analysis by Value from 2018 to 2030]:

• Payloads
• Structures
• Electrical Power System
• Command & Data Handling
• Propulsion System
• Attitude Determination & Control System
• Others

CubeSat Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Earth Observation & Traffic Monitoring
• Science Technology & Education
• Space Observation
• Communication
• Others

CubeSat Market by End Use [Shipment Analysis by Value from 2018 to 2030]:

• Government & Military
• Commercial
• Non-Profit Organization
• Others

CubeSat Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of CubeSat Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies CubeSat companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the CubeSat companies profiled in this report include-

• Planet Labs
• Gomspace
• AAC Clyde Space
• Endurosat
• Tyvak Nano-Satellite Systems

CubeSat Market Insights

Lucintel forecasts that communication is expected to witness the highest growth over the forecast period due to growing adoption of communications antennas in both the public and private sectors.

Within this market, commercial will remain the largest segment due to the increasing demand for high-resolution satellite imagery from commercial satellite operators.

North America will remain the largest regioon over the forecast period due to growing military spending on surveillance missions and increasing number of NASA research and development projects.

Features of the Global CubeSat Market

Market Size Estimates: CubeSat market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: CubeSat market size by subsystem, application, end use, and region in terms of value ($B).

Regional Analysis: CubeSat market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different subsystems, applications, end uses, and regions for the CubeSat market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the CubeSat market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the CubeSat market size?

Answer: The global CubeSat market is expected to reach an estimated $0.6 billion by 2030.

Q2. What is the growth forecast for CubeSat market?

Answer: The global CubeSat market is expected to grow with a CAGR of 13.7% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the CubeSat market?

Answer: The major drivers for this market are rising demand for CubeSats from several commercial applications, increasing demand for low-cost and versatile satellite solutions, and technological advancements in electronic components.

Q4. What are the major segments for CubeSat market?

Answer: The future of the CubeSat market looks promising with opportunities in the government & military, commercial, and non-profit organization markets.

Q5. Who are the key CubeSat market companies?

Answer: Some of the key CubeSat companies are as follows.

• Planet Labs
• Gomspace
• AAC Clyde Space
• Endurosat
• Tyvak Nano-Satellite Systems

Q6. Which CubeSat market segment will be the largest in future?

Answer: Lucintel forecasts that communication is expected to witness the highest growth over the forecast period due to growing adoption of communications antennas in both the public and private sectors.

Q7. In CubeSat market, which region is expected to be the largest in next 5 years?

Answer: North America will remain the largest regioon over the forecast period due to growing military spending on surveillance missions and increasing number of NASA research and development projects.

Q8. Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the CubeSat market by subsystem (payloads, structures, electrical power system, command & data handling, propulsion system, attitude determination & control system, and others), application (earth observation & traffic monitoring, science technology & education, space observation, communication, and others), end use (government & military, commercial, non-profit organization, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?