CubeSat Market Size(US$ 731.1 Million), CAGR (20.51%), Manufacturers Analysis and Forecast 2022-2027 | AAC Clyde Space, CU Aerospace, EnduroSat, GomSpace, Innovative Solutions In Space B.V. and More
Year considered to estimate the market size:
• Base year of the analysis: 2021
• Historical period: 2016-2021
• Forecast period: 2022-2027
The 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 CAGR of 20.51% during 2022-2027.
Download a free sample report to get a detailed overview of the market: https://www.imarcgroup.com/cubesat-market/requestsample
CubeSats are miniaturized satellites utilized for space research. These satellites are widely used in low earth orbits for interplanetary missions. They include propulsion, payloads, command and data handling, altitude determination and control systems.
CubeSats are widely used for space observation, communication, earth observation and traffic monitoring and research applications. They are also utilized for collecting space information, technology demonstration and collecting samples. In comparison to the traditionally used satellites, they require a shorter development time and are highly fuel-efficient and cost-effective. They are widely used for government, military and commercial applications.
Market Trends and Drivers:
The global CubeSat market is primarily being driven by the increasing space exploration activities. CubeSats are widely used for capturing images of the Earth and operating telecommunication systems. Moreover, various technological advancements, such as the integration of artificial intelligence (AI) and big data solutions, are providing a thrust to the market growth. These technologies provide automated insights and require minimal human intervention.
Other factors, including the implementation of favorable government policies, along with the increasing demand for real-time monitoring of ships, aircraft and automobiles, are anticipated to drive the market toward growth.
CubeSat Market 2022-2027 Competitive Analysis and Segmentation:
Competitive Landscape with CubeSat Market Key Players:
The competitive landscape of the global CubeSat market has been studied in the report with the detailed profiles of the key players operating in the market.
List of Key Companies Covered in this Market Report:
• AAC Clyde Space
• CU Aerospace
• 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)
CubeSat Market Segmentation:
The report has segmented the global CubeSat market on the basis of size, application, end user, subsystem and region.
Based on Size:
• 25U to 1U
• 1 to 3U
• 3U to 6U
• 6U to 12U
• 12U and Above
Based on Application:
• Earth Observation and Traffic Monitoring
• Science Technology and Education
• Space Observation
Based on End User:
• Government and Military
Based on Subsystem:
• Electrical Power Systems
• Command and Data Handling
• Propulsion Systems
• Attitude Determination and Control Systems
• 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
Explore Full Report Description At: https://www.imarcgroup.com/cubesat-market
Key Highlights of the Report:
• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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