From: Research and Markets
Posted: Friday, January 21, 2022
The "CubeSat Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026" report has been added to ResearchAndMarkets.com's offering.
The global CubeSat market exhibited strong growth during 2015-2020. Looking forward, the market is set to grow at a CAGR of around 15% during 2021-2026.
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.
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
Key Questions Answered in This Report:
How has the global CubeSat market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global CubeSat market?
What are the key regional markets?
What is the breakup of the market based on the size?
What is the breakup of the market based on the application?
What is the breakup of the market based on the end user?
What is the breakup of the market based on the subsystem?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global CubeSat market and who are the key players?
What is the degree of competition in the industry?
The competitive landscape of the industry has also been examined along with the profiles of the key players
AAC Clyde Space
Innovative Solutions In Space B.V.
L3Harris Technologies Inc
Planet Labs Inc.
Pumpkin Space Systems
Surrey Satellite Technology Limited (Airbus Group)
Tyvak Nano-Satellite Systems Inc. (Terran Orbital Corporation)
Key Market Segmentation:
Breakup by Size:
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
Breakup by End User:
Government and Military
Breakup by Subsystem:
Electrical Power Systems
Command and Data Handling
Attitude Determination and Control Systems
Breakup by Region:
Middle East and Africa
For more information about this report visit https://www.researchandmarkets.com/r/xv1xo5
Laura Wood, Senior Press Manager
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