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CubeSat Market by Application (Earth Observation & Traffic Monitoring, Communication, Science & Technology and Education), End User (Government & Military, Commercial, Non-profit Organizations), Size, Subsystem, and Region - Global Forecast to 2023

CubeSat Market by Application (Earth Observation & Traffic Monitoring, Communication, Science & Technology and Education), End User (Government & Military, Commercial, Non-profit Organizations), Size, Subsystem, and Region - Global Forecast to 2023

Increasing research and development (R&D) activities to develop CubeSat constellations for various applications; demand for CubeSats across different geographies; and increasing rate of investments in the space industry by government and commercial organizations are major factors driving the global CubeSat market
The global CubeSat market is projected to grow from USD 152 million in 2018 to USD 375 million by 2023, at a CAGR of 19.87% from 2018 to 2023. Some of the factors that are expected to fuel the growth of the CubeSat market are the increasing focus on reducing mission costs as well as the rise in demand for CubeSats in applications related to earth observation, communication, science, and technology. Various countries have been focusing on developing CubeSats, owing to their low cost and short development time made possible with the use of proven standard equipment and off-the-shelf components.

The 3U segment is estimated to account for the largest share of the CubeSat market in 2018 due to the increasing demand for Earth observation, and science & technology, and education applications
Based on size, the 3U segment is estimated to account for the largest share of the CubeSat market in 2018. 3U CubeSats can be used in various applications such as Earth observation & traffic monitoring, meteorology, science & technology and education, research & exploration, mapping & navigation, and surveillance & security. 3U CubeSats can carry a larger payload in comparison to 2U CubeSats and are preferred for missions requiring multiple applications. Its larger mass prolongs its life as the harsh space weather and thermal extremities take longer to destroy the CubeSat. Larger batteries, solar panels, and better propulsion systems have helped 3U CubeSats to be used on longer missions and have precision movement.

The Earth observation & traffic monitoring segment is estimated to account for the largest share of the CubeSat market in 2018
Based on size, the Earth observation & traffic monitoring segment is estimated to account for the largest share of the CubeSat market in 2018. The high mobility of CubeSats due to their compactness makes them ideal for Earth observation, including tracking of various weather-related phenomena.

The CubeSat market in North America is estimated to account for the largest share of the global CubeSat market in 2018
The CubeSat market in North America is expected to witness substantial growth during the forecast period due to the number of CubeSats launched every year and the increasing demand for satellite services from satellite operators and government agencies. The growing use of CubeSats for Earth observation services and in government & military applications are some of the factors driving the market in the US, China, Japan, and India.

The break-up of the profiles of primary participants in the CubeSat Market are as follows:
By Company Type: Tier 1 – 35%; Tier 2 – 45%; and Tier 3 – 20%
By Designation: C-Level Executives– 35%; Directors – 25%; and Others – 40%
By Region: North America – 45%; Europe – 20%; Asia Pacific – 30%; Rest of the World 5%

The major players in the CubeSat market include Planet Labs (US), Pumpkin Space Systems (US), GomSpace (Germany), Clyde Space (UK), Surrey Satellite Technologies (US), Sierra Nevada Corporation (US), Capella Space (US), Space Systems Loral (US), EnduroSat (Bulgaria), and CU Aerospace (US).

Research Coverage
This market study covers the CubeSat market across various segments. It aims at estimating the market size and the growth potential of this market across different segments, such as size, application, subsystem, end user, and region. This study also includes an in-depth competitive analysis of the key players in the market, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.

Reasons to Buy this Report
This report will help market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall CubeSat market and its subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies. This report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.


  • INTRODUCTION
    • OBJECTIVES OF THE STUDY
    • MARKET DEFINITION
      • MARKETS COVERED
      • YEARS CONSIDERED FOR THE STUDY
    • CURRENCY & PRICING
    • LIMITATIONS
    • MARKET STAKEHOLDERS
  • RESEARCH METHODOLOGY
    • RESEARCH DATA
      • SECONDARY DATA
      • PRIMARY DATA
    • MARKET SIZE ESTIMATION
      • BOTTOM-UP APPROACH
      • TOP-DOWN APPROACH
    • DATA TRIANGULATION
    • RESEARCH ASSUMPTIONS
  • EXECUTIVE SUMMARY
  • PREMIUM INSIGHTS
    • ATTRACTIVE GROWTH OPPORTUNITIES IN THE CUBESAT MARKET
    • CUBESAT MARKET, BY SIZE
    • CUBESAT MARKET, BY APPLICATION
    • CUBESAT MARKET FOR COMMERCIAL END USER, BY TYPE
    • CUBESAT MARKET, BY REGION
  • MARKET OVERVIEW
    • INTRODUCTION
    • MARKET DYNAMICS
      • DRIVERS
      • RESTRAINTS
      • OPPORTUNITIES
      • CHALLENGES
  • INDUSTRY TRENDS
    • INTRODUCTION
    • CUBESAT ELECTRIC POWER SYSTEM (EPS) DESIGN
    • SPACE INDUSTRY SUPPLY CHAIN
      • OVERVIEW OF SATELLITE SUPPLY CHAIN ELEMENTS FROM CONTRACTORS TO MATERIAL SUPPLIERS
      • RISK AREAS IN CUBESAT SUPPLY CHAIN
    • TECHNOLOGY TRENDS
      • STATE-OF-THE-ART CUBESAT TECHNOLOGIES
      • DISTRIBUTED ELECTRIC POWER SYSTEM (EPS) IN CUBESAT APPLICATIONS
      • HYPER-SPECTRAL AND MULTI-SPECTRAL IMAGING
      • ENERGY STORAGE (PRIMARY & SECONDARY BATTERIES)
      • DEVELOPMENT OF CUBESAT CONSTELLATIONS TO ENHANCE COMMUNICATION
      • DEVELOPMENT OF CUBESATS USING ADDITIVE MANUFACTURING PROCESS
    • EMERGING TRENDS
      • TECHNICAL EVOLUTION IN CUBESATS
      • TECHNOLOGICAL ADVANCEMENTS IN EARTH OBSERVATION SERVICES
    • NANOSATELLITE CROWDFUNDING CAMPAIGNS
      • Table CROW FUNDING COMPANIES IN CUBESATS (2016-2018)
      • INNOVATIONS & PATENT REGISTRATIONS
        • Table INNOVATIONS & PATENT REGISTRATIONS, 2012-2017
  • CUBESAT MARKET, BY SIZE
    • INTRODUCTION
      • Table CUBESAT MARKET SIZE, BY SIZE, 2016-2023 (USD MILLION)
    • 0.25U - 1U (UP TO 2.0 KG)
      • KEY FOCUS ON DEVELOPING 0.25U TO 1U CUBESAT FOR COMMUNICATION
        • Table 0.25U-1U CUBESAT MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
    • 2U (2.0 KG TO 4.0 KG)
      • 2U CUBSATS ARE USED FOR TESTING EMERGING TECHNOLOGIES
        • Table 2U CUBESAT MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
    • 3U (4.0 KG TO 6.0 KG)
      • KEY FOCUS ON DEVELOPING 3U CUBESATS FOR EARTH OBSERVATION AND TRAFFIC MONITOING
        • Table 3U CUBESAT MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
    • 6U (6.0 KG TO 12.0 KG)
      • INCREASING DEMAND FOR 6U USED IN SPACE SCIENCE MISSION
        • Table 6U CUBESAT MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
    • 12U (12.0 KG ABOVE)
      • INCREASING DEMAND FOR 12U USED IN DEEP SPACE MISSION
        • Table 12U CUBESAT MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
    • ABOVE 12U
      • ABOVE 12U USED FOR EARTH OBSERVATION, COMMUNICATION, SCIENCE AND TECHNOLOGY
        • Table 12U ABOVE CUBESAT MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
  • CUBESAT MARKET, BY APPLICATION
    • INTRODUCTION
      • Table CUBESAT MARKET SIZE, BY APPLICATION, 2016-2023 (USD MILLION)
    • EARTH OBSERVATION & TRAFFIC MONITORING
      • INCREASING DEMAND FOR REAL TIME DATA AND EARTH IMAGING FOR COMMERCIAL SECTOR
        • Table CUBESAT MARKET SIZE IN EARTH OBSERVATION & TRAFFIC MONITORING, BY REGION, 2016-2023 (USD MILLION)
        • Table CUBESAT MARKET SIZE IN EARTH OBSERVATION & TRAFFIC MONITORING, BY SIZE, 2016-2023 (USD MILLION)
    • METEOROLOGY
      • DEMAND FOR WEATHER FORECASTING SERVICES ARE DRIVING THE GROWTH OF METEOROLOGY MARKET
        • Table CUBESAT MARKET SIZE IN METEOROLOGY, BY REGION, 2016-2023 (USD MILLION)
        • Table CUBESAT MARKET SIZE IN METEOROLOGY, BY SIZE, 2016-2023 (USD MILLION)
    • SPACE OBSERVATION
      • RISING DEMAND FOR LOWER EARTH ORBIT (LEO)-BASED SERVICES
        • Table CUBESAT MARKET SIZE IN SPACE OBSERVATION, BY REGION, 2016-2023 (USD MILLION)
        • Table CUBESAT MARKET SIZE IN SPACE OBSERVATION, BY SIZE, 2016-2023 (USD MILLION)
    • COMMUNICATION
      • INCREASING USE OF CUBESATS FOR COMMUNICATION PURPOSE
        • Table CUBESAT MARKET SIZE IN COMMUNICATION, BY REGION, 2016-2023 (USD MILLION)
        • Table CUBESAT MARKET SIZE IN COMMUNICATION, BY SIZE, 2016-2023 (USD MILLION)
    • SCIENCE & TECHNOLOGY AND EDUCATION
      • DEMAND FOR CUBESATS HAS INCREASED DUE TO ITS APPLICATION IN TESTING NEW TECHNOLOGIES
        • Table CUBESAT MARKET SIZE IN SCIENCE & TECHNOLOGY AND EDUCATION, BY REGION, 2016-2023 (USD MILLION)
        • Table CUBESAT MARKET SIZE IN SCIENCE & TECHNOLOGY AND EDUCATION, BY SIZE, 2016-2023 (USD MILLION)
  • CUBESAT MARKET, BY SUBSYSTEM
    • INTRODUCTION
      • Table CUBESAT MARKET SIZE, BY SUBSYSTEM, 2016-2023 (USD MILLION)
      • STRUCTURES
        • Table CUBESAT STRUCTURES MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
      • PAYLOADS
        • Table CUBESAT PAYLOADS MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
      • SOLAR PANELS& ANTENNA SYSTEMS
        • Table CUBESAT SOLAR PANELS & ANTENNA SYSTEMS MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
      • ELECTRICAL POWER SYSTEMS (EPS)
        • Table CUBESAT ELECTRICAL POWER SYSTEMS MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
      • COMMAND & DATA HANDLING (C&DH)
        • Table CUBESAT COMMAND & DATA HANDLING (C&DH) MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
      • ATTITUDE DETERMINATION & CONTROL SYSTEMS
        • Table CUBESAT ATTITUDE DETERMINATION & CONTROL SYSTEMS MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
      • PROPULSION SYSTEMS
        • Table CUBESAT PROPULSION SYSTEMS MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
      • OTHERS
        • Table OTHER SUBSYSTEMS MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
  • CUBESAT MARKET, BY END USER
    • INTRODUCTION
      • Table CUBESAT MARKET SIZE, BY END USER, 2016-2023 (USD MILLION)
    • GOVERNMENT & MILITARY
      • CUBESATS ARE USED FOR BORDER PATROLLING BY PROVIDING REAL-TIME DATA TO MILITARY INTELLIGENCE UNITS
        • Table CUBESAT MARKET SIZE FOR GOVERNMENT & MILITARY, BY REGION, 2016-2023 (USD MILLION)
        • Table CUBESAT MARKET SIZE FOR GOVERNMENT & MILITARY, BY TYPE, 2016-2023 (USD MILLION)
      • DEFENSE ORGANIZATIONS
      • SPACE AGENCIES
    • COMMERCIAL
      • INCREASING INVOLVEMENT OF PRIVATE PLAYERS IN THE GLOBAL SPACE INDUSTRY
        • Table CUBESAT MARKET SIZE FOR COMMERCIAL, BY REGION, 2016-2023 (USD MILLION)
        • Table CUBESAT MARKET SIZE FOR COMMERCIAL, BY TYPE, 2016-2023 (USD MILLION)
      • ENERGY & POWER
      • AGRICULTURE
      • ENVIRONMENTAL PROTECTION
      • MARITIME
      • OTHERS
    • NON-PROFIT ORGANIZATIONS
      • PROVIDE PRACTICAL EXPERIENCE TO STUDENTS
        • Table CUBESAT MARKET SIZE FOR NON-PROFIT ORGANIZATIONS, BY REGION, 2016-2023 (USD MILLION)
  • REGIONAL ANALYSIS
    • INTRODUCTION
      • Table CUBESAT MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
    • NORTH AMERICA
      • Table NORTH AMERICA CUBESAT MARKET SIZE, BY SIZE, 2016-2023 (USD MILLION)
      • Table NORTH AMERICA CUBESAT MARKET SIZE, BY APPLICATION, 2016-2023 (USD MILLION)
      • Table NORTH AMERICA CUBESAT MARKET SIZE, BY END USER, 2016-2023 (USD MILLION)
      • Table NORTH AMERICA CUBESAT MARKET SIZE, BY SUBSYSTEM, 2016-2023 (USD MILLION)
      • Table NORTH AMERICA CUBESAT MARKET SIZE, BY COUNTRY, 2016-2023 (USD MILLION)
      • US
        • Table US CUBESAT MARKET SIZE, BY APPLICATION, 2016-2023 (USD MILLION)
        • Table US CUBESAT MARKET SIZE, BY END USER, 2016-2023 (USD MILLION)
      • CANADA
        • Table CANADA CUBESAT MARKET SIZE, BY APPLICATION, 2016-2023 (USD MILLION)
        • Table CANADA CUBESAT MARKET SIZE, BY END USER, 2016-2023 (USD MILLION)
    • EUROPE
      • Table EUROPE CUBESAT MARKET SIZE, BY SIZE, 2016-2023 (USD MILLION)
      • Table EUROPE CUBESAT MARKET SIZE, BY APPLICATION, 2016-2023 (USD MILLION)
      • Table EUROPE CUBESAT MARKET SIZE, BY END USER, 2016-2023 (USD MILLION)
      • Table EUROPE CUBESAT MARKET SIZE, BY SUBSYSTEM, 2016-2023 (USD MILLION)
      • Table EUROPE CUBESAT MARKET SIZE, BY COUNTRY, 2016-2023 (USD MILLION)
      • RUSSIA
        • Table RUSSIA CUBESAT MARKET SIZE, BY APPLICATION, 2016-2023 (USD MILLION)
        • Table RUSSIA CUBESAT MARKET SIZE, BY END USER, 2016-2023 (USD MILLION)
      • UK
        • Table UK CUBESAT MARKET SIZE, BY APPLICATION, 2016-2023 (USD MILLION)
        • Table UK CUBESAT MARKET SIZE, BY END USER, 2016-2023 (USD MILLION)
      • FRANCE
        • Table FRANCE CUBESAT MARKET SIZE, BY APPLICATION, 2016-2023 (USD MILLION)
        • Table FRANCE CUBESAT MARKET SIZE, BY END USER, 2016-2023 (USD MILLION)
      • GERMANY
        • Table GERMANY CUBESAT MARKET SIZE, BY APPLICATION, 2016-2023 (USD MILLION)
        • Table GERMANY CUBESAT MARKET SIZE, BY END USER, 2016-2023 (USD MILLION)
      • ITALY
        • Table ITALY CUBESAT MARKET SIZE, BY APPLICATION, 2016-2023 (USD MILLION)
        • Table ITALY CUBESAT MARKET SIZE, BY END USER, 2016-2023 (USD MILLION)
      • REST OF EUROPE (ROE)
        • Table ROE CUBESAT MARKET SIZE, BY APPLICATION, 2016-2023 (USD MILLION)
        • Table ROE CUBESAT MARKET SIZE, BY END USER, 2016-2023 (USD MILLION)
    • ASIA PACIFIC
      • Table ASIA PACIFIC CUBESAT MARKET SIZE, BY SIZE, 2016-2023 (USD MILLION)
      • Table ASIA PACIFIC CUBESAT MARKET SIZE, BY APPLICATION, 2016-2023 (USD MILLION)
      • Table ASIA PACIFIC CUBESAT MARKET SIZE, BY END USER, 2016-2023 (USD MILLION)
      • Table ASIA PACIFIC CUBESAT MARKET SIZE, BY SUBSYSTEM, 2016-2023 (USD MILLION)
      • Table ASIA PACIFIC CUBESAT MARKET SIZE, BY COUNTRY, 2016-2023 (USD MILLION)
      • CHINA
        • Table CHINA CUBESAT MARKET SIZE, BY APPLICATION, 2016-2023 (USD MILLION)
        • Table CHINA CUBESAT MARKET SIZE, BY END USER, 2016-2023 (USD MILLION)
      • JAPAN
        • Table JAPAN CUBESAT MARKET SIZE, BY APPLICATION, 2016-2023 (USD MILLION)
        • Table JAPAN CUBESAT MARKET SIZE, BY END USER, 2016-2023 (USD MILLION)
      • INDIA
        • Table INDIA CUBESAT MARKET SIZE, BY APPLICATION, 2016-2023 (USD MILLION)
        • Table INDIA CUBESAT MARKET SIZE, BY END USER, 2016-2023 (USD MILLION)
      • SOUTH KOREA
        • Table SOUTH KOREA CUBESAT MARKET SIZE, BY APPLICATION, 2016-2023 (USD MILLION)
        • Table SOUTH KOREA CUBESAT MARKET SIZE, BY END USER, 2016-2023 (USD MILLION)
      • REST OF ASIA PACIFIC
        • Table REST OF APAC CUBESAT MARKET SIZE, BY APPLICATION, 2016-2023 (USD MILLION)
        • Table ROA CUBESAT MARKET SIZE, BY END USER, 2016-2023 (USD MILLION)
    • REST OF THE WORLD (ROW)
      • Table ROW CUBESAT MARKET SIZE, BY SIZE, 2016-2023 (USD MILLION)
      • Table ROW CUBESAT MARKET SIZE, BY APPLICATION, 2016-2023 (USD MILLION)
      • Table ROW CUBESAT MARKET SIZE, BY END USER, 2016-2023 (USD MILLION)
      • Table ROW CUBESAT MARKET SIZE, BY SUBSYSTEM, 2016-2023 (USD MILLION)
      • Table ROW CUBESAT MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
      • MIDDLE EAST
        • Table MIDDLE EAST CUBESAT MARKET SIZE, BY APPLICATION, 2016-2023 (USD MILLION)
        • Table MIDDLE EAST CUBESAT MARKET SIZE, BY END USER, 2016-2023 (USD MILLION)
      • LATIN AMERICA
        • Table LATIN AMERICA CUBESAT MARKET SIZE, BY APPLICATION, 2016-2023 (USD MILLION)
        • Table LATIN AMERICA CUBESAT MARKET SIZE, BY END USER, 2016-2023 (USD MILLION)
      • SOUTH AFRICA
        • Table SOUTH AFRICA CUBESAT MARKET SIZE, BY APPLICATION, 2016-2023 (USD MILLION)
        • Table SOUTH AFRICA CUBESAT MARKET SIZE, BY END USER, 2016-2023 (USD MILLION)
  • COMPETITIVE LANDSCAPE
    • INTRODUCTION
    • COMPETITIVE ANALYSIS
    • MARKET RANKING ANALYSIS
      • Table RANKING OF KEY PLAYERS IN CUBESAT MARKET, 2017
    • COMPETITIVE SCENARIO
      • CONTRACTS
      • PARTNERSHIPS/COLLABORATIONS
      • ACQUISITIONS
      • EXPANSIONS
  • COMPANY PROFILES
    • GOMSPACE
      • BUSINESS OVERVIEW
      • SOLUTIONS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • NANOAVIONICS
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
    • SIERRA NEVADA CORPORATION
      • BUSINESS OVERVIEW
      • PRODUCTS, SERVICES, AND SOLUTIONS OFFERED
    • CLYDE SPACE
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
    • SURREY SATELLITE TECHNOLOGY
      • BUSINESS OVERVIEW
      • PRODUCTS, SERVICES, AND SOLUTIONS OFFERED
      • RECENT DEVELOPMENTS
    • ADCOLE MARYLAND AEROSPACE
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
    • TYVAK NANO-SATELLITE SYSTEMS
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
    • CU AEROSPACE
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
    • BUSEK CO.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
    • SPACE SYSTEMS LORAL (SSL)
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
    • ENDUROSAT
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
    • PUMPKIN SPACE SYSTEMS
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
    • PLANET LABS
      • BUSINESS OVERVIEW
      • PRODUCTS & SERVICES OFFERED
      • RECENT DEVELOPMENTS
    • HARRIS CORPORATION
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • OHB SE
      • BUSINESS OVERVIEW
      • PRODUCTS & SERVICES OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • OTHER COMPANIES
      • INNOVATIVE SOLUTIONS IN SPACE (ISIS)
      • CAPELLA SPACE
      • THE BOEING COMPANY
      • LOCKHEED MARTIN CORPORATION
      • BLUE CANYON TECHNOLOGIES
      • KUBOS CORPORATION
      • UTIAS SPACE FLIGHT LABORATORY (SFL)
      • BERLIN SPACE TECHNOLOGIES (BST)
      • DHV TECHNOLOGY
      • G.A.U.S.S.
  • APPENDIX
    • DISCUSSION GUIDE
    • KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
    • AVAILABLE CUSTOMIZATION
    • RELATED REPORTS
    • AUTHOR DETAILS

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