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Global CubeSat Market Research Report - Forecast to
2023
Industry Survey, Growth, Competitive Landscape
and Forecasts to 2023
PREPARED BY
Market Research Future
(Part of Wantstats Research & Media Pvt. Ltd.)
Global CubeSat Market Forecast 2023
Market Research Future published a cooked research report on the global CubeSat market. The CubeSat
market is estimated to register a CAGR of approximately 19.83% during the forecast period of 2018 to 2023.
CubeSats offer advanced functionalities such as automated data gathering, warning systems, and enhanced
imaging capabilities. These functions assist scientists in performing space exploration and earth monitoring
activities with precision and safety. Furthermore, increasing investments by various governments in space
projects are propelling the market growth. However, the rigid design structure of CubeSat may hamper the
market growth.
The global CubeSat market has been segmented based on size, subsystem, application, end user, and region.
On the basis of size, the market is divided into 0.25u-1U (Up to 2.0 Kg), 2U (2.0 Kg to 4.0 Kg), 3U (4.0 Kg to
6.0 Kg), 6U (6.0 Kg to 12.0 Kg), 12U (Above 12.0 Kg), and >12 U. The 3U segment dominated the global
market, in 2017, and is anticipated to grow at the highest CAGR over the forecast period. These systems
assist in air traffic data collection and science missions; therefore, the segment is expected to propel over
the forecast period. On the basis of subsystem, the market is divided into, payloads, structures, EPS
(Electrical Power Systems), C&DH (Command & Data Handling), propulsion systems, attitude determination
& control systems, and others. The payloads segment dominated the global market, in 2017, and is expected
to grow at the highest CAGR over the forecast period. Availability of miniature payloads for CubeSats is
boosting the segment growth
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Global CubeSat Market Forecast 2023
On the basis of application, the market is segmented into earth observation & traffic monitoring, space
observation, meteorology, communication, science & technology, and education. The earth observation &
traffic monitoring segment dominated the market in 2017 and is expected to grow at the highest CAGR over
the forecast period. Increasing demand for carrying out earth observation surveys by CubeSats is boosting
the segment growth. Based on end user the market is segmented into commercial, government & military,
and non-profit organizations. In 2017, the commercial segment dominated the global market. Growing
demand for high-resolution images from commercial satellite operators is boosting the segment growth.
On the basis of region, the global CubeSat market is segmented into North America, Europe, Asia-Pacific, and
Rest of the World. In 2017, North America dominated the global market and was anticipated to grow at the
highest CAGR over the forecast period. Increased adoption of CubeSats by space organizations, government
bodies, and defense agencies are boosting the market growth in the region. For example, in 2018, the US
Coast Guard deployed CubeSats over the Arctic with an aim to receive real-time information about the
region.
The key players in the global CubeSat market are Lockheed Martin Corporation (US), Sierra Nevada
Corporation (US), The Boeing Company (US), GomSpace (Denmark), Harris Corporation (US), OHB SE
(Germany), Capella Space (US), Clyde Space Ltd (UK), Airbus S.A.S (The Netherlands), Tyvak Nano-Satellite
Systems, Inc. (US), Busek Co. Inc. (US), CU Aerospace, L.L.C. (US), MAXAR TECHNOLOGIES (US), EnduroSat
(Bulgaria), and Planet Labs Inc. (US
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Global CubeSat Market Forecast 2023
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Global CubeSat Market Forecast 2023
Report Key Insights
• Market Sizing, Forecast, and Analysis: Detailed coverage on market segment and its sub-segments
• Regional / Country Trend and Forecast: Detailed analysis on North America, Asia-Pacific, Europe, Middle
East & Africa, and Latin America, along with key countries in each of the regions
• Market dynamics intelligence: Market drivers, opportunities, trends, restraints, Porter’s five forces, supply
chain & value chain analysis
• Technology Trend, Regulatory Landscape, and Patent Analysis Outlook
• Competitive Intelligence: Market share analysis, financial analysis, product benchmarking, strategic
developments including JVs, Product Launch, and M&A
• Regional attractiveness and related growth opportunities
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