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CubeSat Market Growth Prospects, Key Vendors, Future Scenario Forecast to 2027

Press release   •   Sep 19, 2019 18:02 IST

CubeSat Market

MARKET INTRODUCTION

The CubeSat term is used for miniaturized satellite made up of multiples of 10 cm × 10 cm × 1- 35 cm cubic units for space research. Advancements in the earth observation services and technical evolution in CubeSat are some emerging trend in the satellite industry. The key players of the CubeSat market are adopting strategic acquisitions, agreements, and partnership to grow.

MARKET DYNAMICS

The CubeSat market is anticipated to grow in the forecast period owing to driving factors such as increasing popularity of the CubeSat due to low cost compared to conventional satellites. New application areas of CubeSat are further expected to fuel the growth of the CubeSat market. However, the lack of launch vehicles may hinder the market growth during the forecast period. On the other hand, technological innovations in batteries are likely to provide excellent growth opportunities to the players involved in the CubeSat market in the coming years.

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MARKET SCOPE

The "Global CubeSat Market Analysis to 2027" is a specialized and in-depth study of the aerospace and defense industry with a special focus on the global market trend analysis. The report aims to provide an overview of CubeSat market with detailed market segmentation by subsystem, application, end user, and geography. The global CubeSat market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading CubeSat market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global CubeSat market is segmented on the basis of subsystem, application, and end user. Based on subsystem, the market is segmented as payloads, propulsion systems, electrical power systems (EPS), and others. On the basis of the application, the market is segmented as meteorology, space observation, earth observation & traffic monitoring, communication, and others. The market on the basis of the end user is classified as military, energy & power, maritime, agriculture, and others.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global CubeSat market based on various segments. It also provides market size and forecast estimates from the year 2017 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The CubeSat market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting CubeSat market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides Porter's Five Forces analysis.

MARKET PLAYERS

The reports cover key developments in the CubeSat market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market players from CubeSat market are anticipated to lucrative growth opportunities in the future with the rising demand for CubeSat in the global market. Below mentioned is the list of few companies engaged in the CubeSat market.

The report also includes the profiles of key CubeSat companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last three years, key developments in the past five years.

- AAC Clyde Space
- Berlin Space Technologies GmbH
- DHV Technology
- EnduroSat
- G.A.U.S.S. Srl
- GomSpace A/S
- L3Harris Technologies Inc
- Pumpkin Inc.
- Surrey Satellite Technology Limited
- CU Aerospace, L.L.C.

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