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CubeSat Market by Size (0.25U to 1U, 1 to 3U, 3U to 6U, 6U to 12U, 12U and Above), Application (Earth Observation & Traffic Monitoring, Science Technology and Education, Space Observation, Communication, and Others), End User (Government and Military, Commercial, and Non-profit Organizations), and Subsystem (Payloads, Structures, Electrical Power Systems, Command and Data Handling, Propulsion Systems, Attitude Determination and Control Systems, and Others): Global Opportunity Analysis and Industry Forecast, 2020–2027

A09399
Pages: 379
Jan 2021 | 1761 Views
 
Author(s) : Mayank Halmare, Himanshu Joshi , Sonia Mutreja
Tables: 136
Charts: 66
 

COVID-19

Pandemic disrupted the entire world and affected many industries.

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CubeSat Market Statistics 2020-2027

The global CubeSat market was valued at $210.1 million in 2019, and is projected to reach $ 491.3 million by 2027, registering a CAGR of 15.1%.    

Unlike other industries, the satellite industry have also suffered due to the COVID-19 disease. Therefore, the CubeSat market will also experience a dip in 2020 owing to the COVID-19 pandemic. The COVID-19 outbreak has forced the governments across the globe to focus on medical services. Owing to this, the countries are reducing their budgets for space programs to help pay for the pandemic response and recovery measures which is limiting the growth of the CubeSat market. However, despite the negative impact of COVID-19, owing to the rising participation of private players the CubeSat industry managed to perform moderately and several CubeSats were launched in 2020.

A CubeSat is a cubical-shaped small satellite measuring 10x10x10 cm3- approximately the dimension of the popular Rubik's cube weighs around 1 kg. A CubeSat can be used as a single unit (1 U) or in clusters of several units or U’s (1U, 2U, 3U, 6U, and 12U, among others). For more than a span of 10 years, CubeSats have eased the 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. 

CubeSat-Market-2020-2027

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The CubeSats are widely used by researchers and experts across the globe for the exploration of space. The small size and weight characteristics of CubeSats make them quite suitable to rapidly manufacture and test, which makes them a perfect and inexpensive entity for the exploration of upcoming technologies and ideas. 

Small size and weight in comparison with conventional satellites are anticipated to boost the CubeSat market during the forecast period. However, the limitations of CubeSats regarding payload accommodation as compared with large satellites are expected to hamper the growth of the CubeSat market over the forecast timeframe.

The market segmentation is based on size, application, end-user, subsystem, and region. The size segment is further divided as 0.25U to 1U, 1 to 3U, 3U to 6U, 6U to 12U, and 12U and above. Based on application, the market is segmented into earth observation & traffic monitoring, science & technology, and education, space observation, communication, and others. Government & military, commercial, and non-profit organizations are covered on the basis of end-user. Depending on the 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, Europe, Asia-Pacific, and LAMEA.

Key players operating in the global CubeSat market 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.

Rising demand for Cubesats from several commercial applications 

The CubeSats are small in size and weight, but this doesn’t diminish their capabilities and are today used across several commercial applications; for instance, communication and IoT, geolocation and logistics, and signal monitoring (SIGINT), as demonstrated in the following paragraphs.

CubeSat Market
By Size

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0.25U to 1U is projected as the most lucrative segments

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The growing usage of CubeSats has laid the foundation for increased deployment of the Internet of Things (IoT) on a worldwide scale, enabling the interconnection of areas of the Earth without ground communication through the setups in space. The world is witnessing an increasing number of sensor-driven devices that require global communications and connections.

The detection and monitoring of assets such as ships, aircraft, and vehicles among others, can be quite unmanageable in places devoid of land cover. CubeSat constellations, located in space and providing access to images across the globe, can give access to real-time information of various assets anywhere on the Earth.  CubeSats can aid the present network technologies by offering intricate logistics administration solutions. 

CubeSat Market
By Application

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Science Technology and Education is projected as the most lucrative segments

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CubeSats are able to monitor radio signals transmitted from the ground stations. This offers an advantage in the event of a disaster when they can provide prior information with respect to the degree of impact and the most adversely affected areas, permitting efficient planning for relief and rescue operations. 

New application areas for CubeSats

With the rising capabilities and usability of CubeSats, owing to the technological developments in electronics and communications, modern satellites are being developed for new applications such as space mining and space debris clean-up, among others. With respect to space mining, some of the private corporations have already initiated projects aimed at the utilization of minerals, energy resources, and water, located in outer space. For instance, Planetary Resources in 2018 successfully launched its Arkyd-6, a 6U CubeSat to discover water resources in space, with the objective of stimulating the impending human expansion in space. 

CubeSat Market
By End User

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Commercial is projected as the most lucrative segments

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The most advanced CubeSats are being designed to enter the Earth’s atmosphere as soon as their mission is completed so that the satellites can breakdown and don’t lead to the accumulation of space debris, however, this is not always the case. Space debris is one of the major issues for the deployment of satellites and space vehicles. Owing to the growing initiatives by the key players, there are on-going projects involving the small satellites learning the ways to remove the debris. For instance, the RemoveDebris project is intended at executing crucial active debris removal (ADR) technology tests in quest of the finest methods to clean-up the space debris. The incorporation of CubeSats in delivering innovative solutions is anticipated to drive the growth of the global CubeSats market during the forecast timeframe.

Limitations of CubeSats regarding payload accommodation

CubeSats are cost-effective solutions that are being launched increasingly into space for scientific explorations and commercial applications. CubeSats are built in relatively less time and cost as compared with conventional satellites minimizes the dependency on deployable structures and complex mechanisms and allows mission disaggregation. However, CubeSats have their share of limitations too. One of the main problems with respect to the range of missions that Cubesats can perform is the accommodation of payloads.  The small size of CubeSats leads to strict restrictions on the volumes of propulsion, payload, and other subsystems. The higher ΔV (impulse required to perform a maneuver) missions need more propellant that results in less volume for any scientific instrument or payload intended to fly onboard the CubeSat. The lack of space in the CubeSat also limits its capability of carrying important subsystems that CubeSats require to execute a complex mission. 

CubeSat Market
By Subsystem

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Electrical Power Systems is projected as the most lucrative segments

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Another limitation observed owing to the small volumes of CubeSats is its low power generation. CubeSats come in multiples of the standard U (equivalent to roughly 4 x 4 x 4 in.) cube. Various researchers are making use of CubeSats to perform several biological, multidisciplinary research, and planetary science missions. But, the possibility of the capacities or information that can be acquired is quite limited owing to the lack of propulsion system for on-orbit maneuvering, robust attitude determination and control systems, and power generation by the CubeSats.

Increase in demand for space data

The range and scope of services that could be provided by satellites are limitless. The demand for the services, for instance, surveillance for military, environmental or public safety applications, navigation and positioning, tracking vehicles, and telecommunication offered by the satellites is growing rapidly across the world. The largest demand is anticipated to arise from the telecommunications industry, which has been making use of space for its services for several years now and is a crucial part of the global infrastructure for communications and commercial & government data transfer and applications. Moreover, the demand for Earth observation (EO) data is increasing for different applications, and has increased requirements for the environment & scientific research, and metrology. The demand for space data is also growing for guaranteeing security in military operations and in money transfer applications. The rising demand for space data is anticipated to propel the demand for cost-effective CubeSats over the forecast timeframe.  

CubeSat Market
By Region

2027
North America 
Europe
Asia-pacific
Lamea

Asia Pacific would exhibit the highest CAGR of 16.6% during 2020-2027.

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COVID-19 Impact Analysis

  • The COVID impact on the CubeSat market is marginal and it is expected to remain in force till the second quarter of 2021. 
  • The COVID-19 outbreak has forced the governments across the globe to focus on medical services. Owing to this, the countries are reducing their budgets for space programs to help pay for the pandemic response and recovery measures.
  • Moreover, the nationwide lockdown forced the manufacturing facilities of the CubeSat to shut down or cut the full fledge opening of the facilities. 
  • However, despite the negative impact of COVID-19, the CubeSat industry managed to perform moderately and several CubeSats were launched in 2020. For instance, CubeSats missions such as DeMi, TechEdSat-10, Gundam, TDO-2, Flock-4e, Flock-4v constellations, and SpaceBee, among others. This steady growth in CubeSat missions can be attributed to low cost, but efficient operations of the CubeSats and the rising participation of private players in the market.

Key Benefits For Stakeholders

  • This study presents the analytical depiction of the global CubeSat market analysis along with the current trends and future estimations to depict imminent investment pockets.
  • The overall CubeSat market opportunity is determined by understanding profitable trends to gain a stronger foothold.
  • The report presents information related to the key drivers, restraints, and opportunities of the global CubeSat market with a detailed impact analysis.
  • The current CubeSat market is quantitatively analyzed from 2019 to 2027 to benchmark the financial competency.
  • Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the industry.

Key Market Segments

By Size

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

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 Region

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

Key Players

  • 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
  • CU Aerospace, L.L.C.
 

CHAPTER 1:INTRODUCTION

1.1.Report description
1.2.Key benefits for stakeholders
1.3.Key market segments
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
3.2.3.Top winning strategies

3.3.Porter’s five forces analysis
3.4.Key player positioning, 2019
3.5.Market dynamics

3.5.1.Drivers

3.5.1.1.Small size and weight in comparison with conventional satellites
3.5.1.2.Rising demand for Cubesats from several commercial applications
3.5.1.3.New application areas for CubeSats

3.5.2.Restraints

3.5.2.1.Limitations of CubeSats regarding payload accommodation
3.5.2.2.Stringent Government Regulations

3.5.3.Opportunities

3.5.3.1.Developments of the technologies to enhance cubesat capabilities
3.5.3.2.Increase in demand for space data

3.6.COVID-19 Impact Analysis

3.6.1.Evolution of Outbreak
3.6.2.Micro Economic Impact Analysis

3.6.2.1.Consumer trends
3.6.2.2.Technology trends
3.6.2.3.Regulatory trends

3.6.3.Macro-Economic Impact Analysis

3.6.3.1.GDP
3.6.3.2.Import/Export Analysis
3.6.3.3.Employment Index
3.6.3.4.Macro-Economic Indicators Projections

3.6.4.Impact on Cubesat Industry

CHAPTER 4:CUBESAT MARKET, BY SIZE

4.1.Overview
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 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 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 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 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 analysis by country

CHAPTER 5:CUBESAT MARKET, BY APPLICATION

5.1.Overview
5.2.Earth Observation & 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 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 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 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 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 analysis by country

CHAPTER 6:CUBESAT MARKET, BY END-USER

6.1.Overview
6.2.Government & Military

6.2.1.Key market trends, growth factors and opportunities
6.2.2.Market size and forecast, by region
6.2.3.Market 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 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 analysis by country

CHAPTER 7:GLOBAL CUBESAT MARKET, BY SUBSYSTEM

7.1.Overview
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 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 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 analysis by country

7.5.Command & 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 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 analysis by country

7.7.Attitude Determination & 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 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 analysis by country-no grapgh in excel for others

CHAPTER 8:CUBESAT MARKET, BY REGION

8.1.Overview
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 analysis by country
U.S.
Market size and forecast, by size
Market size and forecast, by application
Market size and forecast, by end-user
Market size and forecast, by subsystem
Canada
Market size and forecast, by size
Market size and forecast, by application
Market size and forecast, by end-user
Market size and forecast, by subsystem
Mexico
Market size and forecast, by size
Market size and forecast, by application
Market size and forecast, by end-user
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 analysis by country
Germany
Market size and forecast, by size
Market size and forecast, by application
Market size and forecast, by end-user
Market size and forecast, by subsystem
France
Market size and forecast, by size
Market size and forecast, by application
Market size and forecast, by end-user
Market size and forecast, by subsystem
UK
Market size and forecast, by size
Market size and forecast, by application
Market size and forecast, by end-user
Market size and forecast, by subsystem
Russia
Market size and forecast, by size
Market size and forecast, by application
Market size and forecast, by end-user
Market size and forecast, by subsystem
Rest of Europe
Market size and forecast, by size
Market size and forecast, by application
Market size and forecast, by end-user
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 analysis by country
China
Market size and forecast, by size
Market size and forecast, by application
Market size and forecast, by end-user
Market size and forecast, by subsystem
India
Market size and forecast, by size
Market size and forecast, by application
Market size and forecast, by end-user
Market size and forecast, by subsystem
Japan
Market size and forecast, by size
Market size and forecast, by application
Market size and forecast, by end-user
Market size and forecast, by subsystem
South Korea
Market size and forecast, by size
Market size and forecast, by application
Market size and forecast, by end-user
Market size and forecast, by subsystem
Rest of Asia-Pacific
Market size and forecast, by size
Market size and forecast, by application
Market size and forecast, by end-user
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 analysis by country
Latin America
Market size and forecast, by size
Market size and forecast, by application
Market size and forecast, by end-user
Market size and forecast, by subsystem
Middle East
Market size and forecast, by size
Market size and forecast, by application
Market size and forecast, by end-user
Market size and forecast, by subsystem
Africa
Market size and forecast, by size
Market size and forecast, by application
Market size and forecast, by end-user
Market size and forecast, by subsystem

CHAPTER 9:COMPANY PROFILES

9.1.Planet Labs Inc.

9.1.1.Company overview
9.1.2.Company snapshot
9.1.3.Product portfolio
9.1.4.Key strategic moves and developments

9.2.GomSpace

9.2.1.Company overview
9.2.2.Company snapshot
9.2.3.Operating business segments
9.2.4.Product portfolio
9.2.5.Business performance
9.2.6.Key strategic moves and developments

9.3.AAC Clyde Space

9.3.1.Company overview
9.3.2.Company snapshot
9.3.3.Product portfolio
9.3.4.Business performance
9.3.5.Key strategic moves and developments

9.4.ENDUROSAT

9.4.1.Company overview
9.4.2.Company snapshot
9.4.3.Product portfolio
9.4.4.Key strategic moves and developments

9.5.TYVAK NANO-SATELLITE SYSTEMS, INC.

9.5.1.Company overview
9.5.2.Company snapshot
9.5.3.Product portfolio
9.5.4.Key strategic moves and developments

9.6.Surrey Satellite Technology Limited (Subsidiary of AIRBUS S.A.S.)

9.6.1.Company overview
9.6.2.Company snapshot
9.6.3.Product portfolio
9.6.4.Business performance
9.6.5.Key strategic moves and developments

9.7.Innovative Solutions In Space B.V.

9.7.1.Company overview
9.7.2.Company snapshot
9.7.3.Product portfolio
9.7.4.Key strategic moves and developments

9.8.SPACE Inventor

9.8.1.Company overview
9.8.2.Company snapshot
9.8.3.Product portfolio
9.8.4.Key strategic moves and developments

9.9.PUMPKIN SPACE SYSTEMS

9.9.1.Company overview
9.9.2.Company snapshot
9.9.3.Product portfolio
9.9.4.Key strategic moves and developments

9.10.CU Aerospace, L.L.C.

9.10.1.Company overview
9.10.2.Company snapshot
9.10.3.Product portfolio
9.10.4.Key strategic moves and developments

LIST OF TABLES

TABLE 01.MACRO-ECONOMIC INDICATORS PROJECTIONS
TABLE 02.GLOBAL CUBESATS MARKET, BY SIZE, 2019-2027 ($MILLION)
TABLE 03.CUBESAT MARKET REVENUE FOR 0.25U TO 1U, BY REGION 2019–2027 ($MILLION)
TABLE 04.CUBESAT MARKET REVENUE FOR 1U TO 3U, BY REGION 2019–2027 ($MILLION)
TABLE 05.CUBESAT MARKET REVENUE FOR 3U TO 6U, BY REGION 2019–2027 ($MILLION)
TABLE 06.CUBESAT MARKET REVENUE FOR 6U TO 12U, BY REGION 2019–2027 ($MILLION)
TABLE 07.CUBESAT MARKET REVENUE FOR 12U AND ABOVE, BY REGION 2019–2027 ($MILLION)
TABLE 08.GLOBAL CUBESATS MARKET, BY APPLICATION, 2019-2027 ($MILLION)
TABLE 09.CUBESAT MARKET REVENUE FOR DEFENSE & SECURITY, BY REGION 2019–2027 ($MILLION)
TABLE 10.CUBESAT MARKET REVENUE FOR SCIENCE TECHNOLOGY AND EDUCATION, BY REGION 2019–2027 ($MILLION)
TABLE 11.CUBESAT MARKET REVENUE FOR SPACE OBSERVATION, BY REGION 2019–2027 ($MILLION)
TABLE 12.CUBESAT MARKET REVENUE FOR COMMUNICATION, BY REGION 2019–2027 ($MILLION)
TABLE 13.CUBESAT MARKET REVENUE FOR OTHERS, BY REGION 2019–2027 ($MILLION)
TABLE 14.GLOBAL CUBESATS MARKET, BY END-USER, 2019-2027 ($MILLION)
TABLE 15.CUBESAT MARKET REVENUE FOR GOVERNMENT AND MILITARY, BY REGION 2019–2027 ($MILLION)
TABLE 16.CUBESAT MARKET REVENUE FOR COMMERCIAL, BY REGION 2019–2027 ($MILLION)
TABLE 17.CUBESAT MARKET REVENUE FOR NON-PROFIT ORGANIZATIONS, BY REGION 2019–2027 ($MILLION)
TABLE 18.GLOBAL CUBESATS MARKET, BY SUBSYSTEM, 2019-2027 ($MILLION)
TABLE 19.CUBESAT MARKET REVENUE FOR PAYLOADS, BY REGION 2019–2027 ($MILLION)
TABLE 20.CUBESAT MARKET REVENUE FOR STRUCTURES, BY REGION 2019–2027 ($MILLION)
TABLE 21.CUBESAT MARKET REVENUE FOR ELECTRICAL POWER SYSTEMS, BY REGION 2019–2027 ($MILLION)
TABLE 22.CUBESAT MARKET REVENUE FOR COMMAND AND DATA HANDLING, BY REGION 2019–2027 ($MILLION)
TABLE 23.CUBESAT MARKET REVENUE FOR PROPULSION SYSTEMS, BY REGION 2019–2027 ($MILLION)
TABLE 24.CUBESAT MARKET REVENUE FOR ATTITUDE DETERMINATION & CONTROL SYSTEMS, BY REGION 2019–2027 ($MILLION)
TABLE 25.CUBESAT MARKET REVENUE FOR OTHERS, BY REGION 2019–2027 ($MILLION)
TABLE 26.NORTH AMERICA CUBESAT MARKET, BY TYPE, 2019–2027 ($MILLION)
TABLE 27.NORTH AMERICA CUBESAT MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 28.NORTH AMERICA CUBESAT MARKET, BY END-USER, 2019–2027 ($MILLION)
TABLE 29.NORTH AMERICA CUBESAT MARKET, BY SUBSYSTEM, 2019–2027 ($MILLION)
TABLE 30.U.S. CUBESAT MARKET, BY SIZE, 2019–2027 ($MILLION)
TABLE 31.U.S. CUBESAT MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 32.U.S. CUBESAT MARKET, BY END-USER, 2019–2027 ($MILLION)
TABLE 33.U.S. CUBESAT MARKET, BY SUBSYSTEM, 2019–2027 ($MILLION)
TABLE 34.CANADA CUBESAT MARKET, BY SIZE, 2019–2027 ($MILLION)
TABLE 35.CANADA CUBESAT MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 36.CANADA CUBESAT MARKET, BY END-USER, 2019–2027 ($MILLION)
TABLE 37.CANADA CUBESAT MARKET, BY PRODUCT TYPE, 2019–2027 ($MILLION)
TABLE 38.MEXICO CUBESAT MARKET, BY SIZE, 2019–2027 ($MILLION)
TABLE 39.MEXICO CUBESAT MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 40.MEXICO CUBESAT MARKET, BY END-USER, 2019–2027 ($MILLION)
TABLE 41.MEXICO CUBESAT MARKET, BY SUBSYSTEM, 2019–2027 ($MILLION)
TABLE 42.EUROPE CUBESAT MARKET, BY SIZE, 2019–2027 ($MILLION)
TABLE 43.EUROPE CUBESAT MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 44.EUROPE CUBESAT MARKET, BY END-USER, 2019–2027 ($MILLION)
TABLE 45.EUROPE CUBESAT MARKET, BY SUBSYSTEM, 2019–2027 ($MILLION)
TABLE 46.GERMANY CUBESAT MARKET, BY SIZE, 2019–2027 ($MILLION)
TABLE 47.GERMANY CUBESAT MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 48.GERMANY CUBESAT MARKET, BY END-USER, 2019–2027 ($MILLION)
TABLE 49.GERMANY CUBESAT MARKET, BY SUBSYSTEM, 2019–2027 ($MILLION)
TABLE 50.FRANCE CUBESAT MARKET, BY SIZE, 2019–2027 ($MILLION)
TABLE 51.FRANCE CUBESAT MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 52.FRANCE CUBESAT MARKET, BY END-USER, 2019–2027 ($MILLION)
TABLE 53.FRANCE CUBESAT MARKET, BY SUBSYSTEM, 2019–2027 ($MILLION)
TABLE 54.UK CUBESAT MARKET, BY SIZE, 2019–2027 ($MILLION)
TABLE 55.UK CUBESAT MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 56.UK CUBESAT MARKET, BY END-USER, 2019–2027 ($MILLION)
TABLE 57.UK CUBESAT MARKET, BY SUBSYSTEM, 2019–2027 ($MILLION)
TABLE 58.RUSSIA CUBESAT MARKET, BY SIZE, 2019–2027 ($MILLION)
TABLE 59.RUSSIA CUBESAT MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 60.RUSSIA CUBESAT MARKET, BY END-USER, 2019–2027 ($MILLION)
TABLE 61.RUSSIA CUBESAT MARKET, BY SUBSYSTEM, 2019–2027 ($MILLION)
TABLE 62.REST OF EUROPE CUBESAT MARKET, BY SIZE, 2019–2027 ($MILLION)
TABLE 63.REST OF EUROPE CUBESAT MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 64.REST OF EUROPE CUBESAT MARKET, BY END-USER, 2019–2027 ($MILLION)
TABLE 65.REST OF EUROPE CUBESAT MARKET, BY SUBSYSTEM, 2019–2027 ($MILLION)
TABLE 66.ASIA-PACIFIC CUBESAT MARKET, BY SIZE, 2019–2027 ($MILLION)
TABLE 67.ASIA-PACIFIC CUBESAT MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 68.ASIA-PACIFIC CUBESAT MARKET, BY END-USER, 2019–2027 ($MILLION)
TABLE 69.ASIA-PACIFIC CUBESAT MARKET, BY SUBSYSTEM, 2019–2027 ($MILLION)
TABLE 70.CHINA CUBESAT MARKET, BY SIZE, 2019–2027 ($MILLION)
TABLE 71.CHINA CUBESAT MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 72.CHINA CUBESAT MARKET, BY END-USER, 2019–2027 ($MILLION)
TABLE 73.CHINA CUBESAT MARKET, BY SUBSYSTEM, 2019–2027 ($MILLION)
TABLE 74.INDIA CUBESAT MARKET, BY SIZE, 2019–2027 ($MILLION)
TABLE 75.INDIA CUBESAT MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 76.INDIA CUBESAT MARKET, BY END-USER, 2019–2027 ($MILLION)
TABLE 77.INDIA CUBESAT MARKET, BY SUBSYSTEM, 2019–2027 ($MILLION)
TABLE 78.JAPAN CUBESAT MARKET, BY SIZE, 2019–2027 ($MILLION)
TABLE 79.JAPAN CUBESAT MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 80.JAPAN CUBESAT MARKET, BY END-USER, 2019–2027 ($MILLION)
TABLE 81.JAPAN CUBESAT MARKET, BY SUBSYSTEM, 2019–2027 ($MILLION)
TABLE 82.SOUTH KOREA CUBESAT MARKET, BY SIZE, 2019–2027 ($MILLION)
TABLE 83.SOUTH KOREA CUBESAT MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 84.SOUTH KOREA CUBESAT MARKET, BY END-USER, 2019–2027 ($MILLION)
TABLE 85.SOUTH KOREA CUBESAT MARKET, BY SUBSYSTEM, 2019–2027 ($MILLION)
TABLE 86.REST OF ASIA PACIFIC CUBESAT MARKET, BY SIZE, 2019–2027 ($MILLION)
TABLE 87.REST OF ASIA PACIFIC CUBESAT MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 88.REST OF ASIA PACIFIC CUBESAT MARKET, BY END-USER, 2019–2027 ($MILLION)
TABLE 89.REST OF ASIA PACIFIC CUBESAT MARKET, BY SUBSYSTEM, 2019–2027 ($MILLION)
TABLE 90.LAMEA CUBESAT MARKET, BY SIZE, 2019–2027 ($MILLION)
TABLE 91.LAMEA CUBESAT MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 92.LAMEA CUBESAT MARKET, BY END-USER, 2019–2027 ($MILLION)
TABLE 93.LAMEA CUBESAT MARKET, BY SUBSYSTEM, 2019–2027 ($MILLION)
TABLE 94.LATIN AMERICA CUBESAT MARKET, BY SIZE, 2019–2027 ($MILLION)
TABLE 95.LATIN AMERICA CUBESAT MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 96.LATIN AMERICA CUBESAT MARKET, BY END-USER, 2019–2027 ($MILLION)
TABLE 97.LATIN AMERICA CUBESAT MARKET, BY SUBSYSTEM, 2019–2027 ($MILLION)
TABLE 98.MIDDLE EAST CUBESAT MARKET, BY SIZE, 2019–2027 ($MILLION)
TABLE 99.MIDDLE EAST CUBESAT MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 100.MIDDLE EAST CUBESAT MARKET, BY END-USER, 2019–2027 ($MILLION)
TABLE 101.MIDDLE EAST CUBESAT MARKET, BY SUBSYSTEM, 2019–2027 ($MILLION)
TABLE 102.AFRICA CUBESAT MARKET, BY SIZE, 2019–2027 ($MILLION)
TABLE 103.AFRICA CUBESAT MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 104.AFRICA CUBESAT MARKET, BY END-USER, 2019–2027 ($MILLION)
TABLE 105.AFRICA CUBESAT MARKET, BY SUBSYSTEM, 2019–2027 ($MILLION)
TABLE 106.PLANET LABS INC.: COMPANY SNAPSHOT
TABLE 107.PLANET LABS INC.: PRODUCT PORTFOLIO
TABLE 108.PLANET LABS INC.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 109.GOMSPACE: COMPANY SNAPSHOT
TABLE 110.GOMSPACE: OPERATING SEGMENTS
TABLE 111.GOMSPACE: PRODUCT PORTFOLIO
TABLE 112.GOMSPACE: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 113.AAC CLYDE SPACE: COMPANY SNAPSHOT
TABLE 114.AAC CLYDE SPACE: PRODUCT PORTFOLIO
TABLE 115.AAC CLYDE SPACE: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 116.ENDUROSAT: COMPANY SNAPSHOT
TABLE 117.ENDUROSAT: PRODUCT PORTFOLIO
TABLE 118.ENDUROSAT: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 119.TYVAK NANO-SATELLITE SYSTEMS, INC.: COMPANY SNAPSHOT
TABLE 120.TYVAK NANO-SATELLITE SYSTEMS, INC.: PRODUCT PORTFOLIO
TABLE 121.TYVAK NANO-SATELLITE SYSTEMS, INC.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 122.SURREY SATELLITE TECHNOLOGY LIMITED: COMPANY SNAPSHOT
TABLE 123.SURREY SATELLITE TECHNOLOGY LIMITED: PRODUCT PORTFOLIO
TABLE 124.SURREY SATELLITE TECHNOLOGY LIMITED: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 125.INNOVATIVE SOLUTIONS IN SPACE B.V.: COMPANY SNAPSHOT
TABLE 126.INNOVATIVE SOLUTIONS IN SPACE B.V.: PRODUCT PORTFOLIO
TABLE 127.INNOVATIVE SOLUTIONS IN SPACE B.V.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 128.SPACE INVENTOR: COMPANY SNAPSHOT
TABLE 129.SPACE INVENTOR: PRODUCT PORTFOLIO
TABLE 130.SPACE INVENTOR: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 131.PUMPKIN SPACE SYSTEMS: COMPANY SNAPSHOT
TABLE 132.PUMPKIN SPACE SYSTEMS: PRODUCT PORTFOLIO
TABLE 133.PUMPKIN SPACE SYSTEMS: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 134.CU AEROSPACE, L.L.C.: COMPANY SNAPSHOT
TABLE 135.CU AEROSPACE, L.L.C.: PRODUCT PORTFOLIO
TABLE 136.CU AEROSPACE, L.L.C.: KEY STRATEGIC MOVES AND DEVELOPMENTS

LIST OF FIGURES

FIGURE 01.KEY MARKET SEGMENTS
FIGURE 02.EXECUTIVE SUMMARY
FIGURE 03.EXECUTIVE SUMMARY
FIGURE 04.TOP IMPACTING FACTORS
FIGURE 05.TOP INVESTMENT POCKETS
FIGURE 06.TOP WINNING STRATEGIES, BY YEAR, 2017-2020*
FIGURE 07.TOP WINNING STRATEGIES, BY DEVELOPMENT, 2017-2020*
FIGURE 08.TOP WINNING STRATEGIES, BY COMPANY, 2017-2020*
FIGURE 09.MODERATE-TO-HIGH BARGAINING POWER OF SUPPLIERS
FIGURE 10.LOW-TO-HIGH THREAT OF NEW ENTRANTS
FIGURE 11.LOW – TO- MODERATE THREAT OF SUBSTITUTES
FIGURE 12.MODERATE -TO-HIGH INTENSITY OF RIVALRY
FIGURE 13.LOW-TO-HIGH BARGAINING POWER OF BUYERS
FIGURE 14.KEY PLAYER POSITIONING (2019)
FIGURE 15.GLOBAL CUBESAT MARKET, BY SIZE, 2019-2027
FIGURE 16.COMPARATIVE SHARE ANALYSIS OF CUBESAT MARKET FOR 0.25U TO 1U, BY COUNTRY, 2019 & 2027 ($MILLON)
FIGURE 17.COMPARATIVE SHARE ANALYSIS OF CUBESAT MARKET FOR 1U TO 3U, BY COUNTRY, 2019 & 2027 ($MILLON)
FIGURE 18.COMPARATIVE SHARE ANALYSIS OF CUBESAT MARKET FOR 3U TO 6U, BY COUNTRY, 2019 & 2027 ($MILLON)
FIGURE 19.COMPARATIVE SHARE ANALYSIS OF CUBESAT MARKET FOR 6U TO 12U, BY COUNTRY, 2019 & 2027 ($MILLON)
FIGURE 20.COMPARATIVE SHARE ANALYSIS OF CUBESAT MARKET FOR 12U AND ABOVE, BY COUNTRY, 2019 & 2027 ($MILLON)
FIGURE 21.GLOBAL CUBESAT MARKET, BY APPLICATION, 2019-2027
FIGURE 22.COMPARATIVE SHARE ANALYSIS OF CUBESAT MARKET FOR EARTH OBSERVATION & TRAFFIC MONITORING, BY COUNTRY, 2019 & 2027 ($MILLON)
FIGURE 23.COMPARATIVE SHARE ANALYSIS OF CUBESAT MARKET FOR SCIENTIFIC RESEARCH, BY COUNTRY, 2019 & 2027 ($MILLON)
FIGURE 24.COMPARATIVE SHARE ANALYSIS OF CUBESAT MARKET FOR SPACE OBSERVATION, BY COUNTRY, 2019 & 2027 ($MILLON)
FIGURE 25.COMPARATIVE SHARE ANALYSIS OF CUBESAT MARKET FOR COMMUNICATION, BY COUNTRY, 2019 & 2027 ($MILLON)
FIGURE 26.COMPARATIVE SHARE ANALYSIS OF CUBESAT MARKET FOR OTHERS, BY COUNTRY, 2019 & 2027 ($MILLON)
FIGURE 27.GLOBAL CUBESAT MARKET, BY END-USER, 2019-2027
FIGURE 28.COMPARATIVE SHARE ANALYSIS OF CUBESAT MARKET FOR GOVERNMENT AND MILITARY, BY COUNTRY, 2019 & 2027 ($MILLON)
FIGURE 29.COMPARATIVE SHARE ANALYSIS OF CUBESAT MARKET FOR COMMERCIAL, BY COUNTRY, 2019 & 2027 ($MILLON)
FIGURE 30.COMPARATIVE SHARE ANALYSIS OF CUBESAT MARKET FOR NON-PROFIT ORGANIZATIONS, BY COUNTRY, 2019 & 2027 ($MILLON)
FIGURE 31.GLOBAL CUBESAT MARKET, BY SUBSYSTEM, 2019-2027
FIGURE 32.COMPARATIVE SHARE ANALYSIS OF CUBESAT MARKET FOR PAYLOADS, BY COUNTRY, 2019 & 2027 ($MILLON)
FIGURE 33.COMPARATIVE SHARE ANALYSIS OF CUBESAT MARKET FOR STRUCTURES, BY COUNTRY, 2019 & 2027 ($MILLON)
FIGURE 34.COMPARATIVE SHARE ANALYSIS OF CUBESAT MARKET FOR ELECTRICAL POWER SYSTEMS, BY COUNTRY, 2019 & 2027 ($MILLON)
FIGURE 35.COMPARATIVE SHARE ANALYSIS OF CUBESAT MARKET FOR COMMAND AND DATA HANDLING, BY COUNTRY, 2019 & 2027 ($MILLON)
FIGURE 36.COMPARATIVE SHARE ANALYSIS OF CUBESAT MARKET FOR PROPULSION SYSTEMS, BY COUNTRY, 2019 & 2027 ($MILLON)
FIGURE 37.COMPARATIVE SHARE ANALYSIS OF CUBESAT MARKET FOR ATTITUDE DETERMINATION & CONTROL SYSTEMS, BY COUNTRY, 2019 & 2027 ($MILLON)
FIGURE 38.COMPARATIVE SHARE ANALYSIS OF CUBESAT MARKET FOR OTHERS, BY COUNTRY, 2019 & 2027 ($MILLON)
FIGURE 39.CUBESAT MARKET, BY REGION, 2019-2027 (%)
FIGURE 40.COMPARATIVE SHARE ANALYSIS OF CUBESAT MARKET, BY COUNTRY, 2019–2027 (%)
FIGURE 41.U.S. CUBESAT MARKET, 2019–2027 ($MILLION)
FIGURE 42.CANADA CUBESAT MARKET, 2019–2027 ($MILLION)
FIGURE 43.MEXICO CUBESAT MARKET, 2019–2027 ($MILLION)
FIGURE 44.COMPARATIVE SHARE ANALYSIS OF CUBESAT MARKET, BY COUNTRY, 2019–2027 (%)
FIGURE 45.GERMANY CUBESAT MARKET, 2019–2027 ($MILLION)
FIGURE 46.FRANCE CUBESAT MARKET, 2019–2027 ($MILLION)
FIGURE 47.UK CUBESAT MARKET, 2019–2027 ($MILLION)
FIGURE 48.RUSSIA CUBESAT MARKET, 2019–2027 ($MILLION)
FIGURE 49.REST OF EUROPE CUBESAT MARKET, 2019–2027 ($MILLION)
FIGURE 50.COMPARATIVE SHARE ANALYSIS OF CUBESAT MARKET, BY COUNTRY, 2019–2027 (%)
FIGURE 51.CHINA CUBESAT MARKET, 2019–2027 ($MILLION)
FIGURE 52.INDIA CUBESAT MARKET, 2019–2027 ($MILLION)
FIGURE 53.JAPAN CUBESAT MARKET, 2019–2027 ($MILLION)
FIGURE 54.SOUTH KOREA CUBESAT MARKET, 2019–2027 ($MILLION)
FIGURE 55.REST OF ASIA-PACIFIC CUBESAT MARKET, 2019–2027 ($MILLION)
FIGURE 56.COMPARATIVE SHARE ANALYSIS OF CUBESAT MARKET, BY COUNTRY, 2019–2027 (%)
FIGURE 57.LATIN AMERICA CUBESAT MARKET, 2019–2027 ($MILLION)
FIGURE 58.MIDDLE EAST CUBESAT MARKET, 2019–2027 ($MILLION)
FIGURE 59.AFRICA CUBESAT MARKET, 2019–2027 ($MILLION)
FIGURE 60.GOMSPACE: REVENUE, 2017–2019 ($MILLION)
FIGURE 61.GOMSPACE: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 62.GOMSPACE: REVENUE SHARE BY REGION, 2019 (%)
FIGURE 63.AAC CLYDE SPACE: REVENUE, 2018–2019 ($MILLION)
FIGURE 64.SURREY SATELLITE TECHNOLOGY LIMITED: REVENUE, 2017–2019 ($MILLION)
FIGURE 65.SURREY SATELLITE TECHNOLOGY LIMITED: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 66.SURREY SATELLITE TECHNOLOGY LIMITED: REVENUE SHARE BY REGION, 2019 (%)

 
 

CubeSats are miniaturized satellites that are quite simple to design, develop, and launch as compared with the traditional satellites. A CubeSat is a cubical-shaped small satellite measuring 10x10x10 cm3- approximately the dimension of the popular Rubik's cube weighs around 1 kg. The global CubeSat market is expected to witness significant growth due to rising demand for CubeSats from several commercial applications. 

Small size and weight in comparison with conventional satellites and new application areas for CubeSats are expected to drive and provide CubeSat market 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. 

CubeSat launches are advantageous in several ways. CubeSats deployed for Earth observation missions help meteorologists to forecast the direction and strength of the storms. While the CubeSats launched for technological demonstration purposes assist in finding the best materials and processes that yield the most valuable resources and work finest in microgravity settings. 

The CubeSats not only offers a practical solution for demonstrating innovative technologies but also forces tremendous diminishment of the payloads and systems that boosts 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.

Moreover, commercial applications of CubeSats hold promising potential in enhancing the communication services and in gaining prior information about any adverse climatic conditions. The increased participation of private players is anticipated to bring down the cost of CubeSat missions over the years.

Among the analyzed regions, North America is the highest revenue contributor, followed by Europe, Asia-Pacific, and LAMEA. On the basis of forecast analysis, North America is expected to maintain its lead during the forecast period, owing to the presence of sophisticated infrastructure to undertake space programs and large number of CubeSat manufacturers.
 

 
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A. The global CubeSat market was valued at $ 210.1 million in 2019, and is projected to reach $ 491.31 million by 2027, registering a CAGR of 15.1% from 2020 to 2027.

A. The manufacturing and deployment of CubeSat is expected to attain a rapid pace owing to rising demand across several applications (for instance, Earth Observation and Traffic Monitoring, Science Technology and Education, Communication among others)

A. The report sample for global CubeSat market report can be obtained on demand from the website.

A. Increased usage of underwater drones for earth observation and satellite data gathering

A. Agreements, Product Launch, and Partnerships are the top most competitive developments which are adopted by the leading market players in the global market

A. The company profiles of the top ten players of the market can be obtained from the company profile section mentioned in the report. This section includes analysis of top ten player’s operating in the industry along with their last three year revenue, segmental revenue, product offerings, key strategies adopted, and geographical revenue generated

A. Based on the CubeSat market analysis, North America region accounted for the highest revenue contributor in 2019 and Asia-Pacific region is expected to see a lucrative business opportunities during the forecast period

A. By Application Science Technology and Education is expected to gain traction over the forecast period.

A. The U.S and China has are key matured markets growing in the global CubeSat market

A. The demand for satellite data management and geo research; and increasing involvement of private players

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