Selbyville, Delaware – A key factor analysed by GMI for CubeSat market growth includes the rising focus on mitigating costs associated with space missions, alongside robust use of the product in earth observation, science, technology and communication, among other applications. CubeSats are a type of research space aircrafts, classified as nanosatellites. These small satellites are built to standard 10cm x 10cm x 10cm standards, known as Units or U. Based on size, CubeSats can be categorized as 1U, 2U, 3U or 6U, and weigh less than 1.33 kg per Unit.
These miniature satellites have been used for low Earth orbit applications for over a decade, such as communications for remote sensing. However, since mid-2018, when a pair of CubeSats were deployed on a Mars mission, the applicability of these satellites has broadened considerably, with the products now being considered for missions to the moon and even Jupiter.
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Growth will predominantly come from Europe. Innovations in satellite technology and services as well as favourable investment ventures being undertaken for product development in the region are some factors which are likely to drive Europe CubeSat market. For instance, the ESA (European Space Agency) has provided support, along with the Netherlands Space Office, to help HiberDrive incorporate large satellite capabilities into CubeSats, via the ARTES programme. Through this project, HiberDrive will be able to create a novel miniaturized, 1U AOCS (Attitude and Orbit Control System), as a new addition to the global CubeSat industry portfolio.
Education, communication, science/observation, technology/development, remote sensing will continue to remain as key applications in the CubeSat market. Of these, the remote sensing segment is likely to gain significant traction through 2026. While the initial capabilities of CubeSats were limited, rapid development and evolution over time has elevated the performance of these miniature products to such a point that modern CubeSats possess the ability to offer superior remote sensing capabilities.
Furthermore, CubeSat constellations also deliver myriad data and observation products. For example, the NASA-backed CYGNSS (Cyclone Global Navigation Satellite System) leverages 8 CubeSats launched collectively in a single vehicle to accurately measure ocean surface winds near and within the eye of storms, throughout tropical typhoon, cyclone and hurricane lifecycles.
This report provides a detailed and comprehensive analysis on the CubeSat Market Size, Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, France, Italy, Russia, Spain, China, India, Japan, Australia, New Zealand, South Korea, Brazil, Mexico, Argentina, South Africa, Saudi Arabia, Israel, UAE), Growth Potential, Competitive Market Share & Forecast, 2020 – 2026, including:
- CubeSat market size, historical from 2015 to 2019 and annual forecast from 2020 to 2026
- Major CubeSat industry trends, technology evolution, economic indicators and business challenges
- Regulatory and geopolitical trends impacting the industry
- Business drivers and pitfalls impacting key regional markets
- Competitive landscape of the CubeSat market and detailed profiles on the major companies
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Companies mentioned in the CubeSat market report include:
- Adcole Maryland Aerospace
- Tyvak Nano-Satellite Systems
- Busek Co.
- Surrey Satellite Technology
- Clyde Space
- Space Systems Loral (SSL)
- CU Aerospace
- Sierra Nevada Corporation
- Pumpkin Space Systems
- Planet Labs
- Harris Corporation
- OHB SE
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