0
2021
Cubesat Market

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
Update Available On-Demand

Report Code: A09399
Pages: 379
Jan 2021 | 7387 Views
Author(s) : Mayank H, Himanshu J , Sonia M
Tables: 136
Charts: 66
  • Formats*:

  • Single User License, Five User
    License & Enterprise User License

  • Data Pack Excel License

  • It comes with the additional cost
    of $2500.00 contact sales.

 

COVID-19

Pandemic disrupted the entire world and affected many industries.

Get detailed COVID-19 impact analysis on the Cubesat Market

Request Now !

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

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

Your browser does not support the canvas element.

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

Get more information on this report : Request Sample Pages

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

Your browser does not support the canvas element.

Science Technology and Education is projected as the most lucrative segments

Get more information on this report : Request Sample Pages

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

Your browser does not support the canvas element.

Commercial is projected as the most lucrative segments

Get more information on this report : Request Sample Pages

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

Your browser does not support the canvas element.

Electrical Power Systems is projected as the most lucrative segments

Get more information on this report : Request Sample Pages

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.

Get more information on this report : Request Sample Pages

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.

CubeSat Market Report Highlights

Aspects Details
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)
By 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.
 

Loading Table Of Content...


 
 

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.
 

PURCHASE OPTIONS

Call or Email us

U.S.-Canada Toll-free: +1-800-792-5285
Int'l : +1-503-894-6022
Europe : + 44-845-528-1300
Email : help@alliedmarketresearch.com
 
FREQUENTLY ASKED QUESTIONS?

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

Looking for Customization?

 Customization Request

Have a Question?

 Speak with Analyst

Any Confusion?

 Inquire Before Buying

Have a glance of the Report

  Request Free Sample
RELATED TAGS

Purchase Full Report of
Cubesat Market

Start reading instantly.
This Report and over 19,275+ more Reports, Available with Avenue Library. T&C*.

  • Online Only
  • $3,456
  • Online cloud access only
  • Restricted print, copy, paste & download
  • Read only
  • Free industry update
    (Within 180 days)
  • Free report update in next update cycle
    (Jan 2022 - Jan 2023)
  • Data Pack
  • $3,840
  • Restricted to one authorized user
  • One print only
  • Available in
    Excel
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
    (Jan 2022 - Jan 2023)
  • Single User
  • $5,769
  • Restricted to one authorized user
  • One print only
  • Available in
    PDF
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
    (Jan 2022 - Jan 2023)
  • Five Users
  • $6,450
  • Limited to five authorized users
  • Print upto five copies
  • Available in
    PDF
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
    (Jan 2022 - Jan 2023)
  • Enterprise
    License/PDF

  • $10,995
  • Unlimited
    within
    company/enterprise
  • Available in Excel & PDF
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
    (Jan 2022 - Jan 2023)
  • Library
    Membership

  • $ 999
    Per User/ Per month/ Billed annually
  • Published Content
    E-access
  • Company Profiles
    E-access
  • Newly Added Content Access
  • 10 PDF
    Downloads
  • 5 Excel Data
    Pack Downloads
  • 250 Company Profiles PDF Downloads
  • Buy Now

*Taxes/Fees, if applicable will be added during checkout. All prices in USD

RELATED REPORTS
 

Why Allied Market Research?

 

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers

Get fresh content delivered

Get insights on topics that are crucial for your business. Stay abreast of your interest areas.

Get Industry Data Alerts

Why Allied Market Research?

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers