Dublin, Feb. 13, 2023 (GLOBE NEWSWIRE) -- The "CubeSat Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.
The global CubeSat market size reached US$ 247.3 Million in 2021. Looking forward, the publisher expects the market to reach US$ 731.1 Million by 2027, exhibiting a CAGR of 19.8% during 2021-2027.
Companies Mentioned
- AAC Clyde Space
- CU Aerospace
- EnduroSat
- GomSpace
- Innovative Solutions In Space B.V.
- L3Harris Technologies Inc
- Planet Labs Inc.
- Pumpkin Space Systems
- Space Inventor
- Surrey Satellite Technology Limited (Airbus Group)
- Tyvak Nano-Satellite Systems Inc. (Terran Orbital Corporation).
Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.
CubeSats are cubical-shaped small satellites that are approximately four inches long with a volume of about one quart. These miniature satellites are exclusively used in low Earth orbit and interplanetary missions.
They are cost-effective and fuel-efficient as they weigh less, making it possible to propel them into space on the coattails of a heavier payload. CubeSats are flown as auxiliary payloads on pre-planned missions. They find applications for remote sensing, geolocation and logistics, signal monitoring (SIGINT), and communications and performing scientific studies and technology demos in space.
Moreover, these satellites have eased the launch of missions from low-Earth orbit for commercial companies, non-profit organizations, and educational institutions.
CubeSat Market Trends:
The global CubeSat market is primarily driven by their rising demand for earth observation, communication, science and technology sectors.
They are gaining traction across the world due to their low cost and short development time using proven standard equipment and off-the-shelf components. Governments and private companies are also making significant investments in the CubeSat market to rapidly manufacture and test satellites to explore upcoming technologies and ideas.
It also aids the present network technologies by offering intricate logistics administration solutions. Besides this, as CubeSat provides access to real-time information of assets, such as ships, aircraft, and vehicles, anywhere on the Earth, its demand is escalating worldwide.
Furthermore, technological developments in electronics and communication have resulted in the development of projects like space mining and space debris clean-up, which is positively influencing the growth of the market.
Key Questions Answered in This Report:
- How has the global CubeSat market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global CubeSat market?
- What are the key regional markets?
- What is the breakup of the market based on the size?
- What is the breakup of the market based on the application?
- What is the breakup of the market based on the end user?
- What is the breakup of the market based on the subsystem?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global CubeSat market and who are the key players?
- What is the degree of competition in the industry?
Report Metrics:
| Report Attribute | Details |
| No. of Pages | 146 |
| Forecast Period | 2021 - 2027 |
| Estimated Market Value (USD) in 2021 | $247.3 Million |
| Forecasted Market Value (USD) by 2027 | $731.1 Million |
| Compound Annual Growth Rate | 19.8% |
| Regions Covered | Global |
Key Topics Covered:
1 Preface
2 Scope and Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global CubeSat Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Size
6.1 0.25U to 1U
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 1 to 3U
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 3U to 6U
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 6U to 12U
6.4.1 Market Trends
6.4.2 Market Forecast
6.5 12U and Above
6.5.1 Market Trends
6.5.2 Market Forecast
7 Market Breakup by Application
7.1 Earth Observation and Traffic Monitoring
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Science Technology and Education
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Space Observation
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Communication
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Others
7.5.1 Market Trends
7.5.2 Market Forecast
8 Market Breakup by End User
8.1 Government and Military
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Commercial
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Others
8.3.1 Market Trends
8.3.2 Market Forecast
9 Market Breakup by Subsystem
9.1 Payloads
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Structures
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Electrical Power Systems
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 Command and Data Handling
9.4.1 Market Trends
9.4.2 Market Forecast
9.5 Propulsion Systems
9.5.1 Market Trends
9.5.2 Market Forecast
9.6 Attitude Determination and Control Systems
9.6.1 Market Trends
9.6.2 Market Forecast
9.7 Others
9.7.1 Market Trends
9.7.2 Market Forecast
10 Market Breakup by Region
11 SWOT Analysis
12 Value Chain Analysis
13 Porters Five Forces Analysis
14 Price Analysis
15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
For more information about this report visit https://www.researchandmarkets.com/r/x2zvaq-market?w=12
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Attachment
