Press release
CubeSat Market by 2027 Next Big Thing | Prominent Companies: Planet Labs Inc., GomSpace, AAC Clyde Space, Endurosat, Tyvak Nano-Satellite Systems, Inc., Surrey Satellite Technology Limited
Allied Market Research published a report, titled, "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." According to the report, the global CubeSat industry garnered $210.1 million in 2019, and is expected to reach $491.3 million by 2027, witnessing a CAGR of 15.1% from 2020 to 2027.
Download (379 Pages) Report Sample at https://www.alliedmarketresearch.com/request-sample/9764
Drivers, restraints, and opportunities
Smaller in size and weight as compared to conventional satellites, rise in demand in commercial applications, and emergence of new application areas drive the growth of the global CubeSat market. However, limitations regarding payload accommodation and strict government regulations hinder the market growth. On the other hand, developments in technologies to improve capabilities and rise in demand for space data present new opportunities in the coming years.
Request for Customization of this report at https://www.alliedmarketresearch.com/request-for-customization/9764
Many countries have lowered their budgets of space programs as the focus shifted on the pandemic response and recovery measures.
The lockdown across the nations enforced manufacturing facilities of the CubeSat to close down or postpone the opening of the facilities.
Despite the impact of Covid-19 on the sector, there has been increase in participation of private players to carry out operations moderately and several CubeSats were launched in 2020.
Get detailed COVID-19 impact analysis on the CubeSat Market Request Here!
The earth observation and traffic monitoring segment to maintain its leadership status by 2027
Based on application, the earth observation and traffic monitoring segment accounted for the largest share in 2019, contributing to around half of the global CubeSat market, and is expected to maintain its leadership status throughout the forecast period. This is due to its low cost and short development cycle. However, the science technology and education segment is estimated to manifest the highest CAGR of 16.0% from 2020 to 2027, owing to rise in investments by the government in research and scientific experiments.
Browse Complete Report at https://www.alliedmarketresearch.com/cubesat-market-A09399
The commercial segment to maintain its lead position during the forecast period
Based on end user, the commercial segment contributed to the largest market share, accounting for more than half of the global CubeSat market in 2019, and will maintain its lead position during the forecast period. In addition, this segment is estimated to witness the fastest CAGR of 15.6% from 2020 to 2027. This is attributed to the increase in demand for obtaining high-resolution earth imaging and communication services. The report also analyzes the segments including government & military and non-profit organizations.
Interested to Procure The Data? Inquire here at https://www.alliedmarketresearch.com/purchase-enquiry/9764
North America to maintain its dominance in terms of revenue by 2027
Based on region, North America held the highest share in 2019, accounting for more than half of the global CubeSat market, and will maintain its dominance in terms of revenue by 2027. This is attributed to rise in utilization for defense missions and commercial exploration along with increase in investments in R&D, product development, and technological advancements. However, Asia-Pacific is projected to maintain the largest CAGR of 16.6% during the forecast period, owing to continuous investment in development and procurement of CubeSat to raise their presence in the space.
CubeSat Market to Reach $491.3 Mn, Globally, by 2027 at 15.1% CAGR: Allied Market Research | https://www.prnewswire.com/news-releases/cubesat-market-to-reach-491-3-mn-globally-by-2027-at-15-1-cagr-allied-market-research-301220994.html
Leading market 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.
Schedule a FREE Consultation Call with Our Analysts/Industry Experts to Find Solution for Your Business at https://www.alliedmarketresearch.com/connect-to-analyst/9764
Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: www.alliedmarketresearch.com
Allied Market Research Blog: https://blog.alliedmarketresearch.com
About Allied Market Research
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. AMR provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
AMR introduces its online premium subscription-based library Avenue, designed specifically to offer cost-effective, one-stop solution for enterprises, investors, and universities. With Avenue, subscribers can avail an entire repository of reports on more than 2,000 niche industries and more than 12,000 company profiles. Moreover, users can get an online access to quantitative and qualitative data in PDF and Excel formats along with analyst support, customization, and updated versions of reports.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release CubeSat Market by 2027 Next Big Thing | Prominent Companies: Planet Labs Inc., GomSpace, AAC Clyde Space, Endurosat, Tyvak Nano-Satellite Systems, Inc., Surrey Satellite Technology Limited here
News-ID: 2254656 • Views: …
More Releases from CubeSat Market
CubeSat Market Outlook, Geographical Segmentation, Industry Size & Share, Compre …
The Global CubeSat Market is all set to experience upward growth curve in the forecast period 2021–2027, note analysts of a new research report from ResearchMoz’s database. The study highlights that major players in the market are focused on improving the product quality. As a result, they are increasing focus on research and development activities. Moving forward, several enterprises in the CubeSat market are concentrated on growing awareness about their product offerings.…
More Releases for Allied
Global Leather and Allied Products Market | Global Leather and Allied Products I …
The leather and allied products market comprises of sales of leather and allied products by individuals (organizations, sole traders and partnerships) that introduce the leather and allied products. The Leather and allied product producers transmute hides into leather by tanning or preserving and fabricating the leather into the products for final consumption, and/or introduce the similar products from other materials, comprising the products (except apparel) made from "leather substitutes likewise…
Allied Market Research
"World Castration-Resistant Prostate Cancer (CRPC) Therapeutics - Market Opportunity and Forecast, 2014-2020", the global CRPC therapeutics market would generate a revenue of $9.5 billion by 2020, registering a CAGR of 9.1% from 2015 to 2020. Hormonal therapy segment spearheads among all the therapy types, governing around 4/5th of the global market value in 2014 and would sustain its market position throughout 2020.
Download the Sample Report @ https://www.alliedmarketresearch.com/request-sample/694
The global CPRC therapeutics…
Pneumatic Nebulizers Market |Aerogen,Allied Healthcare,Briggs Healthcare
Some of the notable players operating in pneumatic nebulizers market are Philips Respironics, DeVilbiss Healthcare, Omron Corporation, and Becton, Dickinson and Company. Firms are adopting novel product launch and strategic collaborations to reap profit and gain competitive advantage.
Pneumatic Nebulizers Market size is set to exceed USD 875 million by 2024.Rising elderly population across the globe will stimulate global pneumatic nebulizers market growth over the forthcoming period. Geriatric population is prone…
Allied Market Research
The global supply chain analytics market is expected to register substantial growth in the near future and this is attributed to the growing need to improve visibility on supply chain operations such as orders, shipments, and inventory. The high statistical forecast accuracy and real-time measurement of supply chain events has further encouraged the growth of supply chain analytics market during the forecast period. The lack of awareness regarding supply chain…
Carotenoids Market 2017 - DSM, BASF, Allied Biotech, FMC
Apex Research, recently published a detailed market research study focused on the "Carotenoids Market" across the global, regional and country level. The report provides 360° analysis of "Carotenoids Market" from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global Carotenoids industry, and estimates the future trend of Carotenoids market on the basis of this…
Daktronics Wins IDEA Allied Achievement Award
BROOKINGS, S.D. – February 25, 2010 – Daktronics was presented with the Information Display and Entertainment Association (IDEA) Allied Achievement Award during the Annual IDEA conference that took place 14-17 February in Tampa Bay, Fla.
The Allied Achievement Award gives honor to a current Allied IDEA member organization for industry innovations, support of the large screen video industry, and support of the IDEA organization. The member organization has to be…
