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  • Cube Satellite Market Forecasts & Analysis
  • Market Opportunities
  • Latest Trends & Dynamics
  • Key Industry Analysis
  • Competitive Benchmarking

Catch a glimpse of the ever-evolving technology industry from the lens of an electronic manufacturer.

REPORT SUMMARY

Industry OverviewThe global cube satellite market is projected to reach US$ 275.8 million by 2025, at a CAGR of 12.2% during the period 2020 – 2025. Rising prominence of cube satellites for earth observation applications, earthquakes forecasting, climate change, Ionosphere monitoring, agriculture, forestry, wildlife, weather forecasting, and disasters monitoring is driving the growth of the global cube satellites market.
Report CoverageThe report provides an in-depth coverage of the market dynamics such as market drivers, challenges, and opportunities. The report provides the value chain analysis for the market. Global and US market forecast have been provided along with the competitive landscape existing in the market.
Competitive LandscapeNorth America holds the largest share in the global cube satellite market, owing to the presence of the major manufacturers in the region. Further, it is anticipated to grow at rapid pace due to ongoing investment in the cube satellite industry to develop new products and incorporate new technologies. Cube satellites are widely used by various end users such as military and defense, educational institutions and universities, civil, and commercial.

The key players in the cube satellite market are AAC Clyde Space, Planet Labs,  Capella Space,  Sierra Nevada Corporation,  Surrey Satellite Technologies, Pumpkin Space Systems, CU Aerospace, L.L.C., and GomSpace.

TABLE OF CONTENTS

Market Definition
Market Segmentation
Research Methodology
Market Drivers
Market Restraints / Challenges
Market Opportunities
Global and US Cube Satellite Market (in US$ Million, 20162025)
Value Chain Analysis
Competitive Landscape

RESEARCH METHODOLOGY

MARKET SEGMENTATION

Cube Satellite Market Segmentation by Product Type
1U and Below
2U
3U
6U and Above
Cube Satellite Market Segmentation by Application
Communication
Remote Sensing
Education
Others (Science Technology, Traffic Monitoring, Meteorology, and Space Observation)
Cube Satellite Market Segmentation by End-user
Commercial
Military
Civil
Educational Institutions / Universities
Cube Satellite Market Segmentation by Region
North America
Asia Pacific
Europe
Middle East & Africa
South America

Cube Satellite Market Infographic

GLOBAL CUBE SATELLITE MARKET INSIGHTS AND FORECAST 

Cube satellite, also called cubeSat, is a category of small satellite which has a standardized unit and volume. The standards for the same have been defined by the CubeSat Design Specification (CSD). A basic cube satellite unit measures 10 x 10 x 10 cm and has a mass of around 1.33 Kg. A cube satellite of this dimension is referred to as 1U. Satellites with bigger dimensions in multiples of the basic cube satellite dimensions can be established by combining several basic cube satellites.

What is a cubesat used for?

Cube satellites are widely used across applications related to remote sensing, communication, education, science technology, traffic monitoring, metrology, space observation, & others. For the course of study, cube satellites having dimensions ranging from 0.25 U to 28 U have been considered. 

What does a cubesat do?

1. Remote Sensing: Cube satellite’s light weight and low mission cost allows the structuring of constellations, which provide less revisit time, and better coverage to ensure the continuous monitoring. These remotely sensed information can be used for management of various calamities such as natural disaster, local instability, state failure, active engagement, organized crime, terrorism. The remote sensing application holds the largest revenue share in the global cubesat satellite market

2. Communication: Communication industry is going through rigorous transformation by implementation of latest technologies. Cube satellites are used in worldwide IoT services, Internet coverage, and machine to machine communications

3. Education: The short development time for building a cube satellite is significantly contributing to the success of scientific and educational missions. Moreover, a low cost of development is expected to increase adoption of cube satellites to train young researchers and students in the space engineering and science

4. Others: Cube satellites are also widely used in other applications such as science technology, traffic monitoring, metrology, geo location, logistics, and space observation. Moreover, it is an economically effective solution for handling and locating assets such as aircraft, vehicles, ships, and others in areas where there is no land cover

Global cubesat market forecast:

The global cube satellite market is analyzed to grow a steady rate from $154.8 million in 2020 to $275.8 million in 2025 at a CAGR of 12.2%. Rising prominence of space industry companies manufacturing cube satellites for earth observation applications, earthquakes forecasting, climate change, Ionosphere monitoring, agriculture, forestry, wildlife, weather forecasting, and disasters monitoring is driving the growth of the satellite industry. Moreover, reduction in overall mission cost and technological advancements, reliability, development time, mission lifetime, and tolerance in risk acceptance as compared to traditional satellite companies expected to increase investment by large satellite companies.

North America holds the largest share in the global cube satellite market, owing to the presence of top satellite companies who hold the major satellite stocks in the region. Further, it is anticipated to grow at rapid pace due to ongoing investment in the cubesat companies for developing new cubesat components, and incorporating new technologies. Cube satellites are widely used by various end users such as military & defense, educational institutions and universities, civil, and commercial.

Biggest satellite companies in global cube satellite market are AAC Clyde Space, Planet Labs,  Capella Space,  Sierra Nevada Corporation,  Surrey Satellite Technologies, Pumpkin Space Systems, CU Aerospace, L.L.C., and GomSpace.