Global CubeSat Market Research Report Information By Size Application, Subsystem, End-user, and By Region Industry Forecast to 2030

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Global CubeSat Market Research Report Information By Size (0.25U to 1U, 1 to 3U, 3U to 6U, 6U to 12U, and 12U & above) Application (earth observation & traffic monitoring, science technology and education, space observation, communication and others), Subsystem (payloads, structures, electrical power systems, command and data handling, propulsion systems, attitude determination and control systems others), End-user (government and military, commercial and non-profit organizations), and By Region (North America, Europe, Asia-Pacific, Middle East & Africa) Industry Forecast to 2030

Market Overview

In 2023, the CubeSat market was estimated at USD 272.9 million. The CubeSat industry is expected to expand at a compound annual growth rate (CAGR) of 16.09% over the forecast period. CubeSats have made space launches easier for almost a decade and are still being deployed. They are inexpensive solutions that have made it easier for commercial companies, non-profit organizations, and educational institutions to launch missions into low-Earth orbit. These little satellites make it possible to undertake countless scientific studies and technological demonstrations in space at a low cost, on schedule, and with minimal effort.

Modern satellites are being constructed for new applications such as space mining and rubbish collection, while CubeSat capabilities and usefulness are expanding due to advances in electronics and communication technology. Several private firms have already begun operations to gather minerals, energy sources, and water found in space. The most advanced CubeSats are designed to dissolve as soon as they complete their mission and enter the Earth's atmosphere, keeping them from contributing to the accumulation of space debris. Space trash is one of the most significant difficulties to launching satellites and spacecraft.

Small satellites are working on ongoing projects to improve their debris-removal capabilities in response to the major companies' expanding initiatives. For example, the RemoveDebris project aims to conduct critical active debris removal (ADR) technology testing in order to determine the most effective strategies for cleaning space debris. During the forecast period, the utilization of CubeSats in delivering new solutions is expected to drive the CubeSat Markets market.

Segment Insights

CubeSats are divided into size categories: 0.25U to 1U, 1 to 3U, 3U to 6U, 6U to 12U, and 12U and more.

The segment is classified by application, including earth observation and traffic monitoring, science technology and education, space observation, communication, and others.

The CubeSat market study segmentation is broken down by subsystem, including payloads, structures, electrical power systems, command and data handling, propulsion systems, attitude determination and control systems, and others.

The market is divided into three segments based on end users: government and military, commercial, and non-profit.

Regional insights

North America accounted for the majority of revenue in 2022. The North American CubeSats market is being pushed by the highest frequency of commercial CubeSat launches, as well as the entrance of new businesses that are moving the sector forward. Leading manufacturers are developing the regional market as a result of their presence.

The Asia Pacific region is projected to have the highest market CAGR in the CubeSat market. The region's self-motivated risk management approaches in the face of natural calamities are driving up the need for Small Sats. Demand for CubeSats is expected to increase throughout the projected period due to the development and expansion of new satellite systems.

The deployment of low-cost micro satellites into orbit is one of the efforts taken by governments to improve broadcast, remote sensing, communication, and navigation applications. The Middle East and Africa CubeSat market is mostly increasing in the UAE and Saudi Arabia.

South America is one of the world's largest markets for CubeSats. Some of the primary growth drivers for the Latin American small satellite market include the desire for low-cost satellites across industries, the ongoing need for continuous earth surveillance, increased investment by venture firms, and advancements in material technology.

Major Players

The market's major players are Lockheed Martin Corporation, Sierra Nevada Corporation, The Boeing Company, GomSpace, L3Harris Technologies, OHB SE, Capella Space, Clyde Space Ltd, Airbus S.A.S, Tyvak Nano-Satellite Systems Inc., Busek Co. Inc., CU Aerospace L.L.C., Maxar Technologies, EnduroSat, and Planet Labs Inc.

Product Code: MRFR/A&D/6054-CR

1 EXECUTIVE SUMMARY

1.1.1 GLOBAL CUBESAT MARKET, BY SIZE
1.1.2 GLOBAL CUBESAT MARKET, BY APPLICATION
1.1.3 GLOBAL CUBESAT MARKET, BY SUBSYSTEM
1.1.4 GLOBAL CUBESAT MARKET, BY END USER
1.1.5 GLOBAL CUBESAT MARKET, BY REGION

2 MARKET INTRODUCTION

2.1 DEFINITION
2.2 SCOPE OF THE STUDY
2.3 MARKET STRUCTURE
2.4 KEY BUYING CRITERIA

3 RESEARCH METHODOLOGY

3.1 RESEARCH PROCESS
3.2 PRIMARY RESEARCH
3.3 SECONDARY RESEARCH
3.4 MARKET SIZE ESTIMATION
3.5 TOP DOWN & BOTTOM-UP APPROACH
3.6 FORECAST MODEL
3.7 LIST OF ASSUMPTIONS

4 MARKET DYNAMICS

4.1 INTRODUCTION
4.2 DRIVERS
- 4.2.1 INCREASING DEMAND FOR LIGHTWEIGHT SATELLITES
- 4.2.2 RISING DEMAND IN END-USER INDUSTRIES
- 4.2.3 DRIVERS IMPACT ANALYSIS
4.3 RESTRAINTS
- 4.3.1 CUBESATS PAYLOAD CAPACITY
- 4.3.2 RESTRAINTS IMPACT ANALYSIS
4.4 OPPORTUNITIES
- 4.4.1 TECHNOLOGICAL ADVANCEMENTS IN CUBESAT
4.5 IMPACT OF COVID-19 ON GLOBAL ECONOMY
4.6 IMPACT OF COVID-19 ON THE GLOBAL CUBESAT MARKET
4.7 SUPPLY CHAIN IMPACT
- 4.7.1 IMPACT ON DISTRIBUTION/LOGISTICS

5 MARKET FACTOR ANALYSIS

5.1 SUPPLY/VALUE CHAIN ANALYSIS
- 5.1.1 R&D
- 5.1.2 MANUFACTURING
- 5.1.3 DISTRIBUTION & SALES
- 5.1.4 POST-SALES MONITORING
5.2 PORTER'S FIVE FORCES MODEL
- 5.2.1 THREAT OF NEW ENTRANTS
- 5.2.2 BARGAINING POWER OF SUPPLIERS
- 5.2.3 BARGAINING POWER OF BUYERS
- 5.2.4 THREAT OF SUBSTITUTES
- 5.2.5 INTENSITY OF RIVALRY

6 GLOBAL CUBESAT MARKET, BY SIZE

6.1 OVERVIEW
6.2 GLOBAL CUBESAT MARKET SIZE, MARKET ESTIMATES & FORECAST BY SIZE, 2018-2030
- 6.2.1 GLOBAL CUBESAT MARKET SIZE: MARKET ESTIMATES & FORECAST BY SIZE, 2018-2030

7 GLOBAL CUBESAT MARKET, BY APPLICATION

7.1 OVERVIEW
7.2 GLOBAL CUBESAT MARKET SIZE, MARKET ESTIMATES & FORECAST BY APPLICATION, 2018-2030
- 7.2.1 GLOBAL CUBESAT MARKET SIZE: MARKET ESTIMATES & FORECAST BY APPLICATION, 2018-2030

8 GLOBAL CUBESAT MARKET, BY SUBSYSTEM

8.1 OVERVIEW
8.2 GLOBAL CUBESAT MARKET SIZE, MARKET ESTIMATES & FORECAST BY SUBSYSTEM, 2018-2030
- 8.2.1 GLOBAL CUBESAT MARKET SIZE: MARKET ESTIMATES & FORECAST BY SUBSYSTEM, 2018-2030

9 GLOBAL CUBESAT MARKET, BY END USER

9.1 OVERVIEW
9.2 GLOBAL CUBESAT MARKET SIZE, MARKET ESTIMATES & FORECAST BY END USER, 2018-2030
- 9.2.1 GLOBAL CUBESAT MARKET SIZE: MARKET ESTIMATES & FORECAST BY END USER, 2018-2030

10 GLOBAL CUBESAT MARKET, BY REGION

10.1 OVERVIEW
10.2 NORTH AMERICA
- 10.2.1 U.S.
- 10.2.2 CANADA
- 10.2.3 MEXICO
10.3 EUROPE
- 10.3.1 GERMANY
- 10.3.2 UK
- 10.3.3 SPAIN
- 10.3.4 ITALY
- 10.3.5 REST OF EUROPE
10.4 ASIA PACIFIC
- 10.4.1 CHINA
- 10.4.2 INDIA
- 10.4.3 JAPAN
- 10.4.4 SOUTH KOREA
- 10.4.5 REST OF ASIA PACIFIC
10.5 MIDDLE EAST & AFRICA
- 10.5.1 MIDDLE EAST
- 10.5.2 SOUTH AFRICA
- 10.5.3 REST OF MIDDLE EAST & AFRICA
10.6 SOUTH AMERICA
- 10.6.1 BRAZIL
- 10.6.2 ARGENTINA
- 10.6.3 REST OF SOUTH AMERICA

11 COMPETITIVE LANDSCAPE

11.1 COMPETITIVE OVERVIEW
11.2 COMPETITIVE BENCHMARKING
11.3 MAJOR PLAYERS IN THE GLOBAL CUBESAT MARKET
11.4 LEADING PLAYERS IN TERMS OF THE NUMBER OF DEVELOPMENTS IN THE GLOBAL CUBESAT MARKET
11.5 KEY DEVELOPMENTS & GROWTH STRATEGIES
- 11.5.1 CONTRACTS AND AGREEMENTS
- 11.5.2 PRODUCT LAUNCH/PRODUCT DEVELOPMENT/APPROVAL
- 11.5.3 ACQUISITION/PARTNERSHIP

12 COMPANY PROFILES

12.1 LOCKHEED MARTIN CORPORATION
- 12.1.1 COMPANY OVERVIEW
- 12.1.2 FINANCIAL OVERVIEW
- 12.1.3 PRODUCTS OFFERED
- 12.1.4 KEY DEVELOPMENTS
- 12.1.5 SWOT ANALYSIS
- 12.1.6 KEY STRATEGIES
12.2 SIERRA NEVADA CORPORATION
- 12.2.1 COMPANY OVERVIEW
- 12.2.2 FINANCIAL OVERVIEW
- 12.2.3 PRODUCTS OFFERED
- 12.2.4 KEY DEVELOPMENTS
- 12.2.5 SWOT ANALYSIS
- 12.2.6 KEY STRATEGIES
12.3 THE BOEING COMPANY
- 12.3.1 COMPANY OVERVIEW
- 12.3.2 FINANCIAL OVERVIEW
- 12.3.3 PRODUCTS OFFERED
- 12.3.4 KEY DEVELOPMENTS
- 12.3.5 SWOT ANALYSIS
- 12.3.6 KEY STRATEGIES
12.4 GOMSPACE
- 12.4.1 COMPANY OVERVIEW
- 12.4.2 FINANCIAL OVERVIEW
- 12.4.3 PRODUCTS/SERVICES OFFERED
- 12.4.4 KEY DEVELOPMENTS
- 12.4.5 SWOT ANALYSIS
- 12.4.6 KEY STRATEGIES
12.5 L3HARRIS TECHNOLOGIES INC
- 12.5.1 COMPANY OVERVIEW
- 12.5.2 FINANCIAL OVERVIEW
- 12.5.3 PRODUCTS/SERVICES OFFERED
- 12.5.4 KEY DEVELOPMENTS
- 12.5.5 SWOT ANALYSIS
- 12.5.6 KEY STRATEGIES
12.6 OHB SE
- 12.6.1 COMPANY OVERVIEW
- 12.6.2 FINANCIAL OVERVIEW
- 12.6.3 PRODUCTS/SERVICES OFFERED
- 12.6.4 KEY DEVELOPMENTS
- 12.6.5 SWOT ANALYSIS
- 12.6.6 KEY STRATEGIES
12.7 CAPELLA SPACE
- 12.7.1 COMPANY OVERVIEW
- 12.7.2 FINANCIAL OVERVIEW
- 12.7.3 PRODUCTS/SERVICES OFFERED
- 12.7.4 KEY DEVELOPMENTS
- 12.7.5 SWOT ANALYSIS
- 12.7.6 KEY STRATEGIES
12.8 CLYDE SPACE LTD
- 12.8.1 COMPANY OVERVIEW
- 12.8.2 FINANCIAL OVERVIEW
- 12.8.3 PRODUCTS/SERVICES OFFERED
- 12.8.4 KEY DEVELOPMENTS
- 12.8.5 SWOT ANALYSIS
- 12.8.6 KEY STRATEGIES
12.9 AIRBUS S.A.S
- 12.9.1 COMPANY OVERVIEW
- 12.9.2 FINANCIAL OVERVIEW
- 12.9.3 PRODUCTS OFFERED
- 12.9.4 KEY DEVELOPMENTS
- 12.9.5 SWOT ANALYSIS
- 12.9.6 KEY STRATEGIES
12.10 TYVAK NANO-SATELLITE SYSTEMS INC.
- 12.10.1 COMPANY OVERVIEW
- 12.10.2 FINANCIAL OVERVIEW
- 12.10.3 PRODUCTS OFFERED
- 12.10.4 KEY DEVELOPMENTS
- 12.10.5 SWOT ANALYSIS
- 12.10.6 KEY STRATEGIES
12.11 BUSEK CO. INC.
- 12.11.1 COMPANY OVERVIEW
- 12.11.2 FINANCIAL OVERVIEW
- 12.11.3 PRODUCTS OFFERED
- 12.11.4 KEY DEVELOPMENTS
- 12.11.5 SWOT ANALYSIS
- 12.11.6 KEY STRATEGIES
12.12 CU AEROSPACE LLC
- 12.12.1 COMPANY OVERVIEW
- 12.12.2 FINANCIAL OVERVIEW
- 12.12.3 PRODUCTS OFFERED
- 12.12.4 KEY DEVELOPMENTS
- 12.12.5 SWOT ANALYSIS
- 12.12.6 KEY STRATEGIES
12.13 MAXAR TECHNOLOGIES
- 12.13.1 COMPANY OVERVIEW
- 12.13.2 FINANCIAL OVERVIEW
- 12.13.3 PRODUCTS OFFERED
- 12.13.4 KEY DEVELOPMENTS
- 12.13.5 SWOT ANALYSIS
- 12.13.6 KEY STRATEGIES
12.14 ENDUROSAT
- 12.14.1 COMPANY OVERVIEW
- 12.14.2 FINANCIAL OVERVIEW
- 12.14.3 PRODUCTS OFFERED
- 12.14.4 KEY DEVELOPMENTS
- 12.14.5 SWOT ANALYSIS
- 12.14.6 KEY STRATEGIES
12.15 PLANET LABS INC.
- 12.15.1 COMPANY OVERVIEW
- 12.15.2 FINANCIAL OVERVIEW
- 12.15.3 PRODUCTS/SERVICES OFFERED
- 12.15.4 KEY DEVELOPMENTS
- 12.15.5 SWOT ANALYSIS
- 12.15.6 KEY STRATEGIES

13 APPENDIX

13.1 REFERENCES