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CubeSat Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global CubeSat market size reached US$ 247.3 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 731.1 Million by 2027, exhibiting a growth rate (CAGR) of 20.51% during 2022-2027. 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.

 

 
 

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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 Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global CubeSat market report, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on size, application, end user and subsystem.

Breakup by Size:

 

 
 

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

Breakup by Application:

  • Earth Observation and Traffic Monitoring
  • Science Technology and Education
  • Space Observation
  • Communication
  • Others
     

Breakup by End User:

  • Government and Military
  • Commercial
  • Others
     

Breakup by Subsystem:

  • Payloads
  • Structures
  • Electrical Power Systems
  • Command and Data Handling
  • Propulsion Systems
  • Attitude Determination and Control Systems
  • Others
     

Breakup by Region:

 

 
 

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  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being 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) and Tyvak Nano-Satellite Systems Inc. (Terran Orbital Corporation).

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Million
Segment Coverage Size, Application, End User, Subsystem, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered 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) and Tyvak Nano-Satellite Systems Inc. (Terran Orbital Corporation)
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

1   Preface
2   Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting 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
    10.1    North America
        10.1.1 United States
           10.1.1.1 Market Trends
           10.1.1.2 Market Forecast
        10.1.2 Canada
           10.1.2.1 Market Trends
           10.1.2.2 Market Forecast
    10.2    Asia-Pacific
        10.2.1 China
           10.2.1.1 Market Trends
           10.2.1.2 Market Forecast
        10.2.2 Japan
           10.2.2.1 Market Trends
           10.2.2.2 Market Forecast
        10.2.3 India
           10.2.3.1 Market Trends
           10.2.3.2 Market Forecast
        10.2.4 South Korea
           10.2.4.1 Market Trends
           10.2.4.2 Market Forecast
        10.2.5 Australia
           10.2.5.1 Market Trends
           10.2.5.2 Market Forecast
        10.2.6 Indonesia
           10.2.6.1 Market Trends
           10.2.6.2 Market Forecast
        10.2.7 Others
           10.2.7.1 Market Trends
           10.2.7.2 Market Forecast
    10.3    Europe
        10.3.1 Germany
           10.3.1.1 Market Trends
           10.3.1.2 Market Forecast
        10.3.2 France
           10.3.2.1 Market Trends
           10.3.2.2 Market Forecast
        10.3.3 United Kingdom
           10.3.3.1 Market Trends
           10.3.3.2 Market Forecast
        10.3.4 Italy
           10.3.4.1 Market Trends
           10.3.4.2 Market Forecast
        10.3.5 Spain
           10.3.5.1 Market Trends
           10.3.5.2 Market Forecast
        10.3.6 Russia
           10.3.6.1 Market Trends
           10.3.6.2 Market Forecast
        10.3.7 Others
           10.3.7.1 Market Trends
           10.3.7.2 Market Forecast
    10.4    Latin America
        10.4.1 Brazil
           10.4.1.1 Market Trends
           10.4.1.2 Market Forecast
        10.4.2 Mexico
           10.4.2.1 Market Trends
           10.4.2.2 Market Forecast
        10.4.3 Others
           10.4.3.1 Market Trends
           10.4.3.2 Market Forecast
    10.5    Middle East and Africa
        10.5.1 Market Trends
        10.5.2 Market Breakup by Country
        10.5.3 Market Forecast
11  SWOT Analysis
    11.1    Overview
    11.2    Strengths
    11.3    Weaknesses
    11.4    Opportunities
    11.5    Threats
12  Value Chain Analysis
13  Porters Five Forces Analysis

    13.1    Overview
    13.2    Bargaining Power of Buyers
    13.3    Bargaining Power of Suppliers
    13.4    Degree of Competition
    13.5    Threat of New Entrants
    13.6    Threat of Substitutes
14  Price Analysis
15  Competitive Landscape

    15.1    Market Structure
    15.2    Key Players
    15.3    Profiles of Key Players
        15.3.1    AAC Clyde Space
           15.3.1.1 Company Overview
           15.3.1.2 Product Portfolio
           15.3.1.3 Financials
        15.3.2    CU Aerospace
           15.3.2.1 Company Overview
           15.3.2.2 Product Portfolio
        15.3.3    EnduroSat
           15.3.3.1 Company Overview
           15.3.3.2 Product Portfolio
        15.3.4    GomSpace
           15.3.4.1 Company Overview
           15.3.4.2 Product Portfolio
           15.3.4.3 Financials
        15.3.5    Innovative Solutions In Space B.V.
           15.3.5.1 Company Overview
           15.3.5.2 Product Portfolio
           15.3.5.3 Financials
        15.3.6    L3Harris Technologies Inc
           15.3.6.1 Company Overview
           15.3.6.2 Product Portfolio
           15.3.6.3 Financials
        15.3.7    Planet Labs Inc.
           15.3.7.1 Company Overview
           15.3.7.2 Product Portfolio
        15.3.8    Pumpkin Space Systems
           15.3.8.1 Company Overview
           15.3.8.2 Product Portfolio
        15.3.9    Space Inventor
           15.3.9.1 Company Overview
           15.3.9.2 Product Portfolio
        15.3.10    Surrey Satellite Technology Limited (Airbus Group)
           15.3.10.1 Company Overview
           15.3.10.2 Product Portfolio
           15.3.10.3 Financials
        15.3.11    Tyvak Nano-Satellite Systems Inc. (Terran Orbital Corporation)
           15.3.11.1 Company Overview
           15.3.11.2 Product Portfolio

List of Figures

Figure 1: Global: CubeSat Market: Major Drivers and Challenges
Figure 2: Global: CubeSat Market: Sales Value (in Million US$), 2016-2021
Figure 3: Global: CubeSat Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 4: Global: CubeSat Market: Breakup by Size (in %), 2021
Figure 5: Global: CubeSat Market: Breakup by Application (in %), 2021
Figure 6: Global: CubeSat Market: Breakup by End User (in %), 2021
Figure 7: Global: CubeSat Market: Breakup by Subsystem (in %), 2021
Figure 8: Global: CubeSat Market: Breakup by Region (in %), 2021
Figure 9: Global: CubeSat (0.25U to 1U) Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: Global: CubeSat (0.25U to 1U) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: Global: CubeSat (1 to 3U) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: Global: CubeSat (1 to 3U) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: Global: CubeSat (3U to 6U) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: Global: CubeSat (3U to 6U) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: Global: CubeSat (6U to 12U) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: Global: CubeSat (6U to 12U) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: Global: CubeSat (12U and Above) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: Global: CubeSat (12U and Above) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: Global: CubeSat (Earth Observation and Traffic Monitoring) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: Global: CubeSat (Earth Observation and Traffic Monitoring) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: Global: CubeSat (Science Technology and Education) Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: Global: CubeSat (Science Technology and Education) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: Global: CubeSat (Space Observation) Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: Global: CubeSat (Space Observation) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: Global: CubeSat (Communication) Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: Global: CubeSat (Communication) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: Global: CubeSat (Other Applications) Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: Global: CubeSat (Other Applications) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: Global: CubeSat (Government and Military) Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: Global: CubeSat (Government and Military) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: Global: CubeSat (Commercial) Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: Global: CubeSat (Commercial) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: Global: CubeSat (Other End Users) Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: Global: CubeSat (Other End Users) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: Global: CubeSat (Payloads) Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: Global: CubeSat (Payloads) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: Global: CubeSat (Structures) Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: Global: CubeSat (Structures) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: Global: CubeSat (Electrical Power Systems) Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: Global: CubeSat (Electrical Power Systems) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: Global: CubeSat (Command and Data Handling) Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: Global: CubeSat (Command and Data Handling) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: Global: CubeSat (Propulsion Systems) Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: Global: CubeSat (Propulsion Systems) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: Global: CubeSat (Attitude Determination and Control Systems) Market: Sales Value (in Million US$), 2016 & 2021
Figure 46: Global: CubeSat (Attitude Determination and Control Systems) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 47: Global: CubeSat (Other Subsystems) Market: Sales Value (in Million US$), 2016 & 2021
Figure 48: Global: CubeSat (Other Subsystems) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 49: North America: CubeSat Market: Sales Value (in Million US$), 2016 & 2021
Figure 50: North America: CubeSat Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 51: United States: CubeSat Market: Sales Value (in Million US$), 2016 & 2021
Figure 52: United States: CubeSat Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 53: Canada: CubeSat Market: Sales Value (in Million US$), 2016 & 2021
Figure 54: Canada: CubeSat Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 55: Asia-Pacific: CubeSat Market: Sales Value (in Million US$), 2016 & 2021
Figure 56: Asia-Pacific: CubeSat Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 57: China: CubeSat Market: Sales Value (in Million US$), 2016 & 2021
Figure 58: China: CubeSat Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 59: Japan: CubeSat Market: Sales Value (in Million US$), 2016 & 2021
Figure 60: Japan: CubeSat Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 61: India: CubeSat Market: Sales Value (in Million US$), 2016 & 2021
Figure 62: India: CubeSat Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 63: South Korea: CubeSat Market: Sales Value (in Million US$), 2016 & 2021
Figure 64: South Korea: CubeSat Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 65: Australia: CubeSat Market: Sales Value (in Million US$), 2016 & 2021
Figure 66: Australia: CubeSat Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 67: Indonesia: CubeSat Market: Sales Value (in Million US$), 2016 & 2021
Figure 68: Indonesia: CubeSat Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 69: Others: CubeSat Market: Sales Value (in Million US$), 2016 & 2021
Figure 70: Others: CubeSat Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 71: Europe: CubeSat Market: Sales Value (in Million US$), 2016 & 2021
Figure 72: Europe: CubeSat Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 73: Germany: CubeSat Market: Sales Value (in Million US$), 2016 & 2021
Figure 74: Germany: CubeSat Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 75: France: CubeSat Market: Sales Value (in Million US$), 2016 & 2021
Figure 76: France: CubeSat Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 77: United Kingdom: CubeSat Market: Sales Value (in Million US$), 2016 & 2021
Figure 78: United Kingdom: CubeSat Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 79: Italy: CubeSat Market: Sales Value (in Million US$), 2016 & 2021
Figure 80: Italy: CubeSat Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 81: Spain: CubeSat Market: Sales Value (in Million US$), 2016 & 2021
Figure 82: Spain: CubeSat Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 83: Russia: CubeSat Market: Sales Value (in Million US$), 2016 & 2021
Figure 84: Russia: CubeSat Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 85: Others: CubeSat Market: Sales Value (in Million US$), 2016 & 2021
Figure 86: Others: CubeSat Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 87: Latin America: CubeSat Market: Sales Value (in Million US$), 2016 & 2021
Figure 88: Latin America: CubeSat Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 89: Brazil: CubeSat Market: Sales Value (in Million US$), 2016 & 2021
Figure 90: Brazil: CubeSat Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 91: Mexico: CubeSat Market: Sales Value (in Million US$), 2016 & 2021
Figure 92: Mexico: CubeSat Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 93: Others: CubeSat Market: Sales Value (in Million US$), 2016 & 2021
Figure 94: Others: CubeSat Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 95: Middle East and Africa: CubeSat Market: Sales Value (in Million US$), 2016 & 2021
Figure 96: Middle East and Africa: CubeSat Market: Breakup by Country (in %), 2021
Figure 97: Middle East and Africa: CubeSat Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 98: Global: CubeSat Industry: SWOT Analysis
Figure 99: Global: CubeSat Industry: Value Chain Analysis
Figure 100: Global: CubeSat Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: CubeSat Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: CubeSat Market Forecast: Breakup by Size (in Million US$), 2022-2027
Table 3: Global: CubeSat Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 4: Global: CubeSat Market Forecast: Breakup by End User (in Million US$), 2022-2027
Table 5: Global: CubeSat Market Forecast: Breakup by Subsystem (in Million US$), 2022-2027
Table 6: Global: CubeSat Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 7: Global: CubeSat Market: Competitive Structure
Table 8: Global: CubeSat Market: Key Players


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Key Questions Answered in This Report

The global CubeSat market was valued at US$ 247.3 Million in 2021.

We expect the global CubeSat market to exhibit a CAGR of 20.51% during 2022-2027.

The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in the temporary halt in numerous space observation, communication, earth observation, and traffic monitoring activities, thereby negatively impacting the global market for CubeSat market.

The growing adoption of CubeSat satellites to provide access to real-time information of assets, such as ships, aircraft, and vehicles, anywhere on the Earth, is primarily driving the global CubeSat market.

Based on the size, the global CubeSat market has been segmented into 0.25U to 1U, 1 to 3U, 3U to 6U, 6U to 12U, and 12U and above. Among these, 3U to 6U currently holds the majority of the total market share.

Based on the application, the global CubeSat market can be divided into earth observation and traffic monitoring, science technology and education, space observation, communication, and others. Currently, earth observation and traffic monitoring exhibits a clear dominance in the market.

Based on the end user, the global CubeSat market has been categorized into government and military, commercial, and others, where the commercial sector currently accounts for the majority of the global market share.

 

Based on the subsystem, the global CubeSat market can be segregated into payloads, structures, electrical power systems, command and data handling, propulsion systems, attitude determination and control systems, and others. Currently, payloads hold the largest market share.

On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market.

Some of the major players in the global CubeSat market include 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), and Tyvak Nano-Satellite Systems Inc. (Terran Orbital Corporation).

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