The global CubeSat market is expected to grow from US $ +150 million in 2019 to US $ +370 million by 2026, with a CAGR of +19% from 2019 to 2026.
CubeSat (U class spacecraft) is a type of small satellite for space research that consists of multiples of 10 cm x 10 cm x 11.35 cm (~ 4 in x 4 in x 4.5 in) cubic units. CubeSat weighs less than 1.33 kilograms (2.9 pounds) per unit and often uses off-the-shelf (COTS) components in electronics and structures. The CubeSat is typically put into orbit by an International Space Station expander or launched as a secondary payload of a launch vehicle. As of January 2019, more than 1000 CubeSats have been released. More than 900 were successfully deployed in orbit and more than 80 were destroyed due to launch failure.
Key players in CubeSat Market: Planet Labs, Pumpkin Space Systems, GomSpace, Clyde Space, Surrey Satellite Technologies, Sierra Nevada Corporation, Capella Space, Space Systems Loral, EnduroSat, CU Aerospace
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A new detailed report titled Global CubeSat Market has been released to the database by Report Consultant based on extensive market research. Knowledge of future market trends and current market scenarios is an important tool for survival and growth in a constantly evolving industry. This will help key players in developing solid strategies that are flexible enough to keep up with future market events.
Segmentation of CubeSat Market:
- Above 12U
- Solar Panels & Antenna Systems
- Propulsion Systems
- Attitude Determination & Control systems
- Electrical Power Systems (EPS)
- Command & Data Handling (C&DH)
- Others (Deployers, Software, Onboard Computers, Ground Support Equipment, among others)
- Earth Observation & Traffic Monitoring
- Science & Technology, and Education
- Space Observation
- Government & Military
- Non-profit Organizations
The CubeSat market is high due to widespread demand for small satellite constellations, technological expansion of CubeSat's electronic components, the pressing need for satellite miniaturization in the space industry, and an increasing number of space missions for academic research is witnessing the growth rate. Recent innovations in satellite equipment and services enable CubeSat technology to reach a wide range of consumers in the industry. Innovations in the CubeSat subsystem have allowed the subsystem to reach a broad consumer segment in the satellite industry. Companies are developing relatively low-cost CubeSat. This facilitates services that are almost equivalent to traditional large satellites serving government agencies and the public industry. This is actually expected to intensify competition in the near future and promote the use of CubeSat in various applications.
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Geographic segmentation takes place in several global regions, including North America, Latin America, Asia Pacific, and the Middle East. Apart from this, this research report provides a clear picture of the tough structure in the global market.
The Study Objectives of this report:
- To analyze global CubeSat status, future forecasts, growth opportunities, key markets, key players.
- Introducing the development of the market in the US, Europe, and China.
- Profile key players strategically and comprehensively analyze development plans and strategies.
- Define, describe and forecast markets by product type, market, and key region.
CubeSat market research is an intelligence report that has been meticulously investigated to investigate relevant and valuable information. The data being considered will take into account both the existing top players and future competitors. Researching business strategies of major companies and emerging market industries in detail. This report analysis shares a well-described SWOT analysis, revenue sharing, and contact information.
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