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[ 英語タイトル ] CubeSat Market by Application (Earth Observation & Traffic Monitoring, Communication, Science & Technology and Education), End User (Government & Military, Commercial, Non-profit Organizations), Size, Subsystem, and Region - Global Forecast to 2023
Product Code : MNMAD0061722
Survey : MarketsandMarkets
Publish On : February, 2021
Category : Aerospace and Defence
Study Area : Global
Report format : PDF
Sales price option (consumption tax not included)
[Report Description]
Increasing research and development (R&D) activities to develop CubeSat constellations for various applications; demand for CubeSats across different geographies; and increasing rate of investments in the space industry by government and commercial organizations are major factors driving the global CubeSat marketThe global CubeSat market is projected to grow from USD 152 million in 2018 to USD 375 million by 2023, at a CAGR of 19.87% from 2018 to 2023. Some of the factors that are expected to fuel the growth of the CubeSat market are the increasing focus on reducing mission costs as well as the rise in demand for CubeSats in applications related to earth observation, communication, science, and technology. Various countries have been focusing on developing CubeSats, owing to their low cost and short development time made possible with the use of proven standard equipment and off-the-shelf components.
The 3U segment is estimated to account for the largest share of the CubeSat market in 2018 due to the increasing demand for Earth observation, and science & technology, and education applications
Based on size, the 3U segment is estimated to account for the largest share of the CubeSat market in 2018. 3U CubeSats can be used in various applications such as Earth observation & traffic monitoring, meteorology, science & technology and education, research & exploration, mapping & navigation, and surveillance & security. 3U CubeSats can carry a larger payload in comparison to 2U CubeSats and are preferred for missions requiring multiple applications. Its larger mass prolongs its life as the harsh space weather and thermal extremities take longer to destroy the CubeSat. Larger batteries, solar panels, and better propulsion systems have helped 3U CubeSats to be used on longer missions and have precision movement.
The Earth observation & traffic monitoring segment is estimated to account for the largest share of the CubeSat market in 2018
Based on size, the Earth observation & traffic monitoring segment is estimated to account for the largest share of the CubeSat market in 2018. The high mobility of CubeSats due to their compactness makes them ideal for Earth observation, including tracking of various weather-related phenomena.
The CubeSat market in North America is estimated to account for the largest share of the global CubeSat market in 2018
The CubeSat market in North America is expected to witness substantial growth during the forecast period due to the number of CubeSats launched every year and the increasing demand for satellite services from satellite operators and government agencies. The growing use of CubeSats for Earth observation services and in government & military applications are some of the factors driving the market in the US, China, Japan, and India.
The break-up of the profiles of primary participants in the CubeSat Market are as follows:
• By Company Type: Tier 1 – 35%; Tier 2 – 45%; and Tier 3 – 20%
• By Designation: C-Level Executives– 35%; Directors – 25%; and Others – 40%
• By Region: North America – 45%; Europe – 20%; Asia Pacific – 30%; Rest of the World 5%
The major players in the CubeSat market include Planet Labs (US), Pumpkin Space Systems (US), GomSpace (Germany), Clyde Space (UK), Surrey Satellite Technologies (US), Sierra Nevada Corporation (US), Capella Space (US), Space Systems Loral (US), EnduroSat (Bulgaria), and CU Aerospace (US).
Research Coverage
This market study covers the CubeSat market across various segments. It aims at estimating the market size and the growth potential of this market across different segments, such as size, application, subsystem, end user, and region. This study also includes an in-depth competitive analysis of the key players in the market, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.
Reasons to Buy this Report
This report will help market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall CubeSat market and its subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies. This report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.
TABLE OF CONTENTS
1 INTRODUCTION 18
1.1 OBJECTIVES OF THE STUDY 18
1.2 MARKET DEFINITION 18
1.2.1 MARKETS COVERED 19
1.2.2 YEARS CONSIDERED FOR THE STUDY 20
1.3 CURRENCY & PRICING 20
1.4 LIMITATIONS 20
1.5 MARKET STAKEHOLDERS 21
2 RESEARCH METHODOLOGY 22
2.1 RESEARCH DATA 22
2.1.1 SECONDARY DATA 24
2.1.1.1 Key data from secondary sources 24
2.1.2 PRIMARY DATA 25
2.1.2.1 Key data from primary sources 25
2.1.2.2 Breakdown of primaries 26
2.2 MARKET SIZE ESTIMATION 26
2.2.1 BOTTOM-UP APPROACH 27
2.2.2 TOP-DOWN APPROACH 28
2.3 DATA TRIANGULATION 29
2.4 RESEARCH ASSUMPTIONS 30
3 EXECUTIVE SUMMARY 31
4 PREMIUM INSIGHTS 35
4.1 ATTRACTIVE GROWTH OPPORTUNITIES IN THE CUBESAT MARKET 35
4.2 CUBESAT MARKET, BY SIZE 35
4.3 CUBESAT MARKET, BY APPLICATION 36
4.4 CUBESAT MARKET FOR COMMERCIAL END USER, BY TYPE 36
4.5 CUBESAT MARKET, BY REGION 37
5 MARKET OVERVIEW 38
5.1 INTRODUCTION 38
5.2 MARKET DYNAMICS 38
5.2.1 DRIVERS 39
5.2.1.1 New application areas for CubeSats 39
5.2.1.2 Economical compared to conventional satellites 39
5.2.2 RESTRAINTS 40
5.2.2.1 Lack of launch vehicles 40
5.2.3 OPPORTUNITIES 40
5.2.3.1 Development of advanced technologies 40
5.2.3.2 Technological advancements in CubeSat batteries 40
5.2.3.3 Testing of new technologies 40
5.2.4 CHALLENGES 41
5.2.4.1 Communication issues 41
5.2.4.2 Addition to space debris 41
5.2.4.3 Rigid design structure 41
6 INDUSTRY TRENDS 42
6.1 INTRODUCTION 42
6.2 CUBESAT ELECTRIC POWER SYSTEM (EPS) DESIGN 42
6.3 SPACE INDUSTRY SUPPLY CHAIN 43
6.3.1 OVERVIEW OF SATELLITE SUPPLY CHAIN ELEMENTS FROM CONTRACTORS TO MATERIAL SUPPLIERS 44
6.3.2 RISK AREAS IN CUBESAT SUPPLY CHAIN 45
6.4 TECHNOLOGY TRENDS 45
6.4.1 STATE-OF-THE-ART CUBESAT TECHNOLOGIES 45
6.4.2 DISTRIBUTED ELECTRIC POWER SYSTEM (EPS) IN CUBESAT APPLICATIONS 46
6.4.3 HYPER-SPECTRAL AND MULTI-SPECTRAL IMAGING 47
6.4.4 ENERGY STORAGE (PRIMARY & SECONDARY BATTERIES) 48
6.4.5 DEVELOPMENT OF CUBESAT CONSTELLATIONS TO ENHANCE COMMUNICATION 48
6.4.6 DEVELOPMENT OF CUBESATS USING ADDITIVE MANUFACTURING PROCESS 49
6.5 EMERGING TRENDS 49
6.5.1 TECHNICAL EVOLUTION IN CUBESATS 49
6.5.2 TECHNOLOGICAL ADVANCEMENTS IN EARTH OBSERVATION SERVICES 49
6.6 NANOSATELLITE CROWDFUNDING CAMPAIGNS 50
6.6.1 INNOVATIONS & PATENT REGISTRATIONS 51
7 CUBESAT MARKET, BY SIZE 52
7.1 INTRODUCTION 53
7.2 0.25U - 1U (UP TO 2.0 KG) 54
7.2.1 KEY FOCUS ON DEVELOPING 0.25U TO 1U CUBESAT FOR COMMUNICATION 54
7.3 2U (2.0 KG TO 4.0 KG) 54
7.3.1 2U CUBSATS ARE USED FOR TESTING EMERGING TECHNOLOGIES 54
7.4 3U (4.0 KG TO 6.0 KG) 55
7.4.1 KEY FOCUS ON DEVELOPING 3U CUBESATS FOR EARTH OBSERVATION AND TRAFFIC MONITOING 55
7.5 6U (6.0 KG TO 12.0 KG) 56
7.5.1 INCREASING DEMAND FOR 6U USED IN SPACE SCIENCE MISSION 56
7.6 12U (12.0 KG ABOVE) 57
7.6.1 INCREASING DEMAND FOR 12U USED IN DEEP SPACE MISSION 57
7.7 ABOVE 12U 57
7.7.1 ABOVE 12U USED FOR EARTH OBSERVATION, COMMUNICATION, SCIENCE AND TECHNOLOGY 57
8 CUBESAT MARKET, BY APPLICATION 59
8.1 INTRODUCTION 60
8.2 EARTH OBSERVATION & TRAFFIC MONITORING 61
8.2.1 INCREASING DEMAND FOR REAL TIME DATA AND EARTH IMAGING
FOR COMMERCIAL SECTOR 61
8.3 METEOROLOGY 62
8.3.1 DEMAND FOR WEATHER FORECASTING SERVICES ARE DRIVING
THE GROWTH OF METEOROLOGY MARKET 62
8.4 SPACE OBSERVATION 63
8.4.1 RISING DEMAND FOR LOWER EARTH ORBIT (LEO)-BASED SERVICES 63
8.5 COMMUNICATION 64
8.5.1 INCREASING USE OF CUBESATS FOR COMMUNICATION PURPOSE 64
8.6 SCIENCE & TECHNOLOGY AND EDUCATION 65
8.6.1 DEMAND FOR CUBESATS HAS INCREASED DUE TO ITS APPLICATION
IN TESTING NEW TECHNOLOGIES 65
9 CUBESAT MARKET, BY SUBSYSTEM 67
9.1 INTRODUCTION 68
9.1.1 STRUCTURES 69
9.1.1.1 Standardized structure allows new entrants into the market 69
9.1.2 PAYLOADS 70
9.1.2.1 Miniaturization of payloads broadens scope for CubeSat applications 70
9.1.3 SOLAR PANELS& ANTENNA SYSTEMS 70
9.1.3.1 Repalce with: Development of new solar panels with inbuilt antenna enhances the capabilities of CubeSats 70
9.1.4 ELECTRICAL POWER SYSTEMS (EPS) 71
9.1.4.1 Advancement in battery technologies 71
9.1.5 COMMAND & DATA HANDLING (C&DH) 72
9.1.5.1 Advantage of open source software and hardware provides an easy entry for NewSpace Companies 72
9.1.6 ATTITUDE DETERMINATION & CONTROL SYSTEMS 72
9.1.6.1 Launch of CubeSats into Deep space requires advanced attitude determination & control systems 72
9.1.7 PROPULSION SYSTEMS 73
9.1.7.1 High Efficiency and Technological Advancements in Propulsion systems 73
9.1.8 OTHERS 74
10 CUBESAT MARKET, BY END USER 75
10.1 INTRODUCTION 76
10.2 GOVERNMENT & MILITARY 77
10.2.1 CUBESATS ARE USED FOR BORDER PATROLLING BY PROVIDING REAL-TIME DATA TO MILITARY INTELLIGENCE UNITS 77
10.2.2 DEFENSE ORGANIZATIONS 78
10.2.2.1 Increasing demand for real-time data and imaging 78
10.2.3 SPACE AGENCIES 78
10.2.3.1 Use of CubeSats for preliminary phases of space missions 78
10.3 COMMERCIAL 78
10.3.1 INCREASING INVOLVEMENT OF PRIVATE PLAYERS IN THE GLOBAL SPACE INDUSTRY 78
10.3.2 ENERGY & POWER 79
10.3.2.1 Demand for monitoring structural integrity of nuclear power stations 79
10.3.3 AGRICULTURE 79
10.3.3.1 Increasing demand for NVDI grids and maps 79
10.3.4 ENVIRONMENTAL PROTECTION 79
10.3.4.1 CubeSats are used to improve disaster relief and monitor crop yield 79
10.3.5 MARITIME 80
10.3.5.1 CubeSats are used to logistics tracking, fleet management and route planning 80
10.3.6 OTHERS 80
10.4 NON-PROFIT ORGANIZATIONS 80
10.4.1 PROVIDE PRACTICAL EXPERIENCE TO STUDENTS 80
11 REGIONAL ANALYSIS 81
11.1 INTRODUCTION 82
11.2 NORTH AMERICA 83
11.2.1 US 87
11.2.1.1 US uses most of the CubeSat’s for earth observation and traffic monitoring applications 87
11.2.2 CANADA 88
11.2.2.1 Canadian Space Agency (CSA) had selected 15 university teams to participate in the Canadian CubeSat project 88
11.3 EUROPE 89
11.3.1 RUSSIA 93
11.3.1.1 Russia is developing CubeSats for advanced space technology demonstration missions 93
11.3.2 UK 94
11.3.2.1 Earth observation has been one of the preferred application areas for CubeSats in the UK 94
11.3.3 FRANCE 95
11.3.3.1 France’s National Investment Program in the Space sector has enabled private players to develop reliable communication solutions for CubeSats 95
11.3.4 GERMANY 96
11.3.4.1 German Orbital Systems is developing CubeSat’s for communication application 96
11.3.5 ITALY 97
11.3.5.1 Italy’s Earth Observation & Traffic Monitoring segment is Estimated to have the Highest CAGR 97
11.3.6 REST OF EUROPE (ROE) 98
11.3.6.1 Increasing Demand of CubeSat’s for Earth Observation & Traffic Monitoring application 98
11.4 ASIA PACIFIC 99
11.4.1 CHINA 103
11.4.1.1 China is a leading manufacturer of military and commercial satellite in the world 103
11.4.2 JAPAN 104
11.4.2.1 Japan is one of the leading countries in the Asia Pacific Working actively on developing Nanosatellites 104
11.4.3 INDIA 106
11.4.3.1 ISRO is focusing on developing nanosatellites which will drive the growth of the CubeSat Market in India 106
11.4.4 SOUTH KOREA 107
11.4.4.1 South Korea is making efficient use of CubeSat’s in their rapidly growing defense sector 107
11.4.5 REST OF ASIA PACIFIC 108
11.4.5.1 The science & Technology and education segment is expected to grow at the highest CAGR during the forecast period 108
11.5 REST OF THE WORLD (ROW) 109
11.5.1 MIDDLE EAST 112
11.5.1.1 The Middle East is using Earth Observation and communication satellites to advance their economy 112
11.5.2 LATIN AMERICA 113
11.5.2.1 Lower cost of CubeSat’s has allowed Latin American countries to incorporate CubeSat’s in the various industries 113
11.5.3 SOUTH AFRICA 114
11.5.3.1 South Africa is developing extremely high resolution hyper-spectral cameras for CubeSat’s 114
12 COMPETITIVE LANDSCAPE 115
12.1 INTRODUCTION 115
12.2 COMPETITIVE ANALYSIS 115
12.3 MARKET RANKING ANALYSIS 117
12.4 COMPETITIVE SCENARIO 118
12.4.1 CONTRACTS 119
12.4.2 PARTNERSHIPS/COLLABORATIONS 120
12.4.3 ACQUISITIONS 120
12.4.4 EXPANSIONS 121
13 COMPANY PROFILES 122
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)*
13.1 GOMSPACE 122
13.2 NANOAVIONICS 125
13.3 SIERRA NEVADA CORPORATION 127
13.4 CLYDE SPACE 128
13.5 SURREY SATELLITE TECHNOLOGY 129
13.6 ADCOLE MARYLAND AEROSPACE 130
13.7 TYVAK NANO-SATELLITE SYSTEMS 131
13.8 CU AEROSPACE 132
13.9 BUSEK CO. 133
13.10 SPACE SYSTEMS LORAL (SSL) 135
13.11 ENDUROSAT 137
13.12 PUMPKIN SPACE SYSTEMS 139
13.13 PLANET LABS 141
13.14 HARRIS CORPORATION 143
13.15 OHB SE 146
13.16 OTHER COMPANIES 149
13.16.1 INNOVATIVE SOLUTIONS IN SPACE (ISIS) 149
13.16.2 CAPELLA SPACE 149
13.16.3 THE BOEING COMPANY 150
13.16.4 LOCKHEED MARTIN CORPORATION 150
13.16.5 BLUE CANYON TECHNOLOGIES 151
13.16.6 KUBOS CORPORATION 151
13.16.7 UTIAS SPACE FLIGHT LABORATORY (SFL) 152
13.16.8 BERLIN SPACE TECHNOLOGIES (BST) 152
13.16.9 DHV TECHNOLOGY 153
13.16.10 G.A.U.S.S. 153
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View might not be captured in case of unlisted companies.
14 APPENDIX 154
14.1 DISCUSSION GUIDE 154
14.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 156
14.3 AVAILABLE CUSTOMIZATION 158
14.4 RELATED REPORTS 158
14.5 AUTHOR DETAILS 159
LIST OF TABLES
TABLE 1 CROW FUNDING COMPANIES IN CUBESATS (2016-2018) 50
TABLE 2 INNOVATIONS & PATENT REGISTRATIONS, 2012-2017 51
TABLE 3 CUBESAT MARKET SIZE, BY SIZE, 2016–2023 (USD MILLION) 53
TABLE 4 0.25U–1U CUBESAT MARKET SIZE, BY REGION, 2016–2023 (USD MILLION) 54
TABLE 5 2U CUBESAT MARKET SIZE, BY REGION, 2016–2023 (USD MILLION) 55
TABLE 6 3U CUBESAT MARKET SIZE, BY REGION, 2016–2023 (USD MILLION) 55
TABLE 7 6U CUBESAT MARKET SIZE, BY REGION, 2016–2023 (USD MILLION) 56
TABLE 8 12U CUBESAT MARKET SIZE, BY REGION, 2016–2023 (USD MILLION) 57
TABLE 9 12U ABOVE CUBESAT MARKET SIZE, BY REGION, 2016–2023 (USD MILLION) 58
TABLE 10 CUBESAT MARKET SIZE, BY APPLICATION, 2016–2023 (USD MILLION) 60
TABLE 11 CUBESAT MARKET SIZE IN EARTH OBSERVATION & TRAFFIC MONITORING,
BY REGION, 2016–2023 (USD MILLION) 61
TABLE 12 CUBESAT MARKET SIZE IN EARTH OBSERVATION & TRAFFIC MONITORING,
BY SIZE, 2016–2023 (USD MILLION) 62
TABLE 13 CUBESAT MARKET SIZE IN METEOROLOGY, BY REGION,
2016–2023 (USD MILLION) 62
TABLE 14 CUBESAT MARKET SIZE IN METEOROLOGY, BY SIZE, 2016–2023 (USD MILLION) 63
TABLE 15 CUBESAT MARKET SIZE IN SPACE OBSERVATION, BY REGION,
2016–2023 (USD MILLION) 63
TABLE 16 CUBESAT MARKET SIZE IN SPACE OBSERVATION, BY SIZE,
2016–2023 (USD MILLION) 64
TABLE 17 CUBESAT MARKET SIZE IN COMMUNICATION, BY REGION,
2016–2023 (USD MILLION) 64
TABLE 18 CUBESAT MARKET SIZE IN COMMUNICATION, BY SIZE, 2016–2023 (USD MILLION) 65
TABLE 19 CUBESAT MARKET SIZE IN SCIENCE & TECHNOLOGY AND EDUCATION,
BY REGION, 2016–2023 (USD MILLION) 65
TABLE 20 CUBESAT MARKET SIZE IN SCIENCE & TECHNOLOGY AND EDUCATION,
BY SIZE, 2016–2023 (USD MILLION) 66
TABLE 21 CUBESAT MARKET SIZE, BY SUBSYSTEM, 2016–2023 (USD MILLION) 69
TABLE 22 CUBESAT STRUCTURES MARKET SIZE, BY REGION, 2016–2023 (USD MILLION) 69
TABLE 23 CUBESAT PAYLOADS MARKET SIZE, BY REGION, 2016–2023 (USD MILLION) 70
TABLE 24 CUBESAT SOLAR PANELS & ANTENNA SYSTEMS MARKET SIZE, BY REGION,
2016–2023 (USD MILLION) 71
TABLE 25 CUBESAT ELECTRICAL POWER SYSTEMS MARKET SIZE, BY REGION,
2016–2023 (USD MILLION) 71
TABLE 26 CUBESAT COMMAND & DATA HANDLING (C&DH) MARKET SIZE, BY REGION,
2016–2023 (USD MILLION) 72
TABLE 27 CUBESAT ATTITUDE DETERMINATION & CONTROL SYSTEMS MARKET SIZE,
BY REGION, 2016–2023 (USD MILLION) 73
TABLE 28 CUBESAT PROPULSION SYSTEMS MARKET SIZE, BY REGION,
2016–2023 (USD MILLION) 73
TABLE 29 OTHER SUBSYSTEMS MARKET SIZE, BY REGION, 2016–2023 (USD MILLION) 74
TABLE 30 CUBESAT MARKET SIZE, BY END USER, 2016–2023 (USD MILLION) 76
TABLE 31 CUBESAT MARKET SIZE FOR GOVERNMENT & MILITARY, BY REGION,
2016–2023 (USD MILLION) 77
TABLE 32 CUBESAT MARKET SIZE FOR GOVERNMENT & MILITARY, BY TYPE,
2016–2023 (USD MILLION) 77
TABLE 33 CUBESAT MARKET SIZE FOR COMMERCIAL, BY REGION,
2016–2023 (USD MILLION) 78
TABLE 34 CUBESAT MARKET SIZE FOR COMMERCIAL, BY TYPE, 2016–2023 (USD MILLION) 79
TABLE 35 CUBESAT MARKET SIZE FOR NON-PROFIT ORGANIZATIONS, BY REGION,
2016–2023 (USD MILLION) 80
TABLE 36 CUBESAT MARKET SIZE, BY REGION, 2016-2023 (USD MILLION) 83
TABLE 37 NORTH AMERICA CUBESAT MARKET SIZE, BY SIZE, 2016–2023 (USD MILLION) 85
TABLE 38 NORTH AMERICA CUBESAT MARKET SIZE, BY APPLICATION,
2016–2023 (USD MILLION) 85
TABLE 39 NORTH AMERICA CUBESAT MARKET SIZE, BY END USER,
2016–2023 (USD MILLION) 86
TABLE 40 NORTH AMERICA CUBESAT MARKET SIZE, BY SUBSYSTEM,
2016–2023 (USD MILLION) 86
TABLE 41 NORTH AMERICA CUBESAT MARKET SIZE, BY COUNTRY,
2016–2023 (USD MILLION) 86
TABLE 42 US CUBESAT MARKET SIZE, BY APPLICATION, 2016–2023 (USD MILLION) 87
TABLE 43 US CUBESAT MARKET SIZE, BY END USER, 2016–2023 (USD MILLION) 87
TABLE 44 CANADA CUBESAT MARKET SIZE, BY APPLICATION, 2016–2023 (USD MILLION) 88
TABLE 45 CANADA CUBESAT MARKET SIZE, BY END USER, 2016–2023 (USD MILLION) 89
TABLE 46 EUROPE CUBESAT MARKET SIZE, BY SIZE, 2016–2023 (USD MILLION) 91
TABLE 47 EUROPE CUBESAT MARKET SIZE, BY APPLICATION, 2016–2023 (USD MILLION) 91
TABLE 48 EUROPE CUBESAT MARKET SIZE, BY END USER, 2016–2023 (USD MILLION) 92
TABLE 49 EUROPE CUBESAT MARKET SIZE, BY SUBSYSTEM, 2016–2023 (USD MILLION) 92
TABLE 50 EUROPE CUBESAT MARKET SIZE, BY COUNTRY, 2016–2023 (USD MILLION) 93
TABLE 51 RUSSIA CUBESAT MARKET SIZE, BY APPLICATION, 2016–2023 (USD MILLION) 93
TABLE 52 RUSSIA CUBESAT MARKET SIZE, BY END USER, 2016–2023 (USD MILLION) 94
TABLE 53 UK CUBESAT MARKET SIZE, BY APPLICATION, 2016–2023 (USD MILLION) 94
TABLE 54 UK CUBESAT MARKET SIZE, BY END USER, 2016–2023 (USD MILLION) 95
TABLE 55 FRANCE CUBESAT MARKET SIZE, BY APPLICATION, 2016–2023 (USD MILLION) 95
TABLE 56 FRANCE CUBESAT MARKET SIZE, BY END USER, 2016–2023 (USD MILLION) 96
TABLE 57 GERMANY CUBESAT MARKET SIZE, BY APPLICATION, 2016–2023 (USD MILLION) 96
TABLE 58 GERMANY CUBESAT MARKET SIZE, BY END USER, 2016–2023 (USD MILLION) 97
TABLE 59 ITALY CUBESAT MARKET SIZE, BY APPLICATION, 2016–2023 (USD MILLION) 97
TABLE 60 ITALY CUBESAT MARKET SIZE, BY END USER, 2016–2023 (USD MILLION) 98
TABLE 61 ROE CUBESAT MARKET SIZE, BY APPLICATION, 2016–2023 (USD MILLION) 98
TABLE 62 ROE CUBESAT MARKET SIZE, BY END USER, 2016–2023 (USD MILLION) 99
TABLE 63 ASIA PACIFIC CUBESAT MARKET SIZE, BY SIZE, 2016–2023 (USD MILLION) 101
TABLE 64 ASIA PACIFIC CUBESAT MARKET SIZE, BY APPLICATION,
2016–2023 (USD MILLION) 101
TABLE 65 ASIA PACIFIC CUBESAT MARKET SIZE, BY END USER, 2016–2023 (USD MILLION) 102
TABLE 66 ASIA PACIFIC CUBESAT MARKET SIZE, BY SUBSYSTEM, 2016–2023 (USD MILLION) 102
TABLE 67 ASIA PACIFIC CUBESAT MARKET SIZE, BY COUNTRY, 2016–2023 (USD MILLION) 103
TABLE 68 CHINA CUBESAT MARKET SIZE, BY APPLICATION, 2016–2023 (USD MILLION) 103
TABLE 69 CHINA CUBESAT MARKET SIZE, BY END USER, 2016–2023 (USD MILLION) 104
TABLE 70 JAPAN CUBESAT MARKET SIZE, BY APPLICATION, 2016–2023 (USD MILLION) 105
TABLE 71 JAPAN CUBESAT MARKET SIZE, BY END USER, 2016–2023 (USD MILLION) 105
TABLE 72 INDIA CUBESAT MARKET SIZE, BY APPLICATION, 2016–2023 (USD MILLION) 106
TABLE 73 INDIA CUBESAT MARKET SIZE, BY END USER, 2016–2023 (USD MILLION) 106
TABLE 74 SOUTH KOREA CUBESAT MARKET SIZE, BY APPLICATION,
2016–2023 (USD MILLION) 107
TABLE 75 SOUTH KOREA CUBESAT MARKET SIZE, BY END USER, 2016–2023 (USD MILLION) 108
TABLE 76 REST OF APAC CUBESAT MARKET SIZE, BY APPLICATION,
2016–2023 (USD MILLION) 108
TABLE 77 ROA CUBESAT MARKET SIZE, BY END USER, 2016–2023 (USD MILLION) 109
TABLE 78 ROW CUBESAT MARKET SIZE, BY SIZE, 2016–2023 (USD MILLION) 109
TABLE 79 ROW CUBESAT MARKET SIZE, BY APPLICATION, 2016–2023 (USD MILLION) 110
TABLE 80 ROW CUBESAT MARKET SIZE, BY END USER, 2016–2023 (USD MILLION) 110
TABLE 81 ROW CUBESAT MARKET SIZE, BY SUBSYSTEM, 2016–2023 (USD MILLION) 111
TABLE 82 ROW CUBESAT MARKET SIZE, BY REGION, 2016–2023 (USD MILLION) 111
TABLE 83 MIDDLE EAST CUBESAT MARKET SIZE, BY APPLICATION,
2016–2023 (USD MILLION) 112
TABLE 84 MIDDLE EAST CUBESAT MARKET SIZE, BY END USER, 2016–2023 (USD MILLION) 112
TABLE 85 LATIN AMERICA CUBESAT MARKET SIZE, BY APPLICATION,
2016–2023 (USD MILLION) 113
TABLE 86 LATIN AMERICA CUBESAT MARKET SIZE, BY END USER,
2016–2023 (USD MILLION) 113
TABLE 87 SOUTH AFRICA CUBESAT MARKET SIZE, BY APPLICATION,
2016–2023 (USD MILLION) 114
TABLE 88 SOUTH AFRICA CUBESAT MARKET SIZE, BY END USER, 2016–2023 (USD MILLION) 114
TABLE 89 RANKING OF KEY PLAYERS IN CUBESAT MARKET, 2017 117
LIST OF FIGURES
FIGURE 1 CUBESAT MARKET SEGMENTATION 19
FIGURE 2 RESEARCH PROCESS FLOW 22
FIGURE 3 CUBESAT MARKET: RESEARCH DESIGN 23
FIGURE 4 BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION & REGION 26
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 27
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 28
FIGURE 7 DATA TRIANGULATION 29
FIGURE 8 ASSUMPTIONS OF THE RESEARCH STUDY 30
FIGURE 9 3U SUBSEGMENT OF CUBESAT MARKET PROJECTED TO GROW AT HIGHEST CAGR BY SIZE, DURING THE FORECAST PERIOD 32
FIGURE 10 COMMERCIAL END-USER SEGMENT PROJECTED TO GROW AT A HIGHER CAGR DURING THE FORECAST PERIOD 32
FIGURE 11 EARTH OBSERVATION & TRAFFIC MONITORING SEGMENT IS PROJECTED TO LEAD THE CUBESAT MARKET BY APPLICATION DURING THE FORECAST PERIOD 33
FIGURE 12 NORTH AMERICA ESTIMATED TO LEAD THE CUBESAT MARKET IN 2018 33
FIGURE 13 DEMAND FOR NANOSATELLITES AND INCREASE IN EARTH OBSERVATION & SPACE EXPLORATION ACTIVITIES ARE DRIVING THE GROWTH OF THE CUBESAT MARKET 35
FIGURE 14 3U SUBSEGMENT EXPECTED TO LEAD THE CUBESAT MARKET DURING THE FORECAST PERIOD 35
FIGURE 15 EARTH OBSERVATION & TRAFFIC MONITORING SEGMENT EXPECTED TO LEAD CUBESAT MARKET FROM 2018 TO 2023 36
FIGURE 16 ENVIRONMENTAL PROTECTION SEGMENT EXPECTED TO LEAD THE CUBESAT MARKET FOR COMMERCIAL END USERS FROM 2018 TO 2023 36
FIGURE 17 NORTH AMERICA EXPECTED TO LEAD THE CUBESAT MARKET FROM 2018 TO 2023 37
FIGURE 18 CUBESAT MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES & CHALLENGES 38
FIGURE 19 CUBESATS LAUNCHED FROM 2014 TO 2018 39
FIGURE 20 SPACE DEBRIS 41
FIGURE 21 CUBESAT EPS BLOCK DIAGRAM 43
FIGURE 22 SPACE INDUSTRY SUPPLY CHAIN 44
FIGURE 23 POWER DISTRIBUTION RELIABILITY 47
FIGURE 24 3U CUBESAT SEGMENT IS EXPECTED TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD 53
FIGURE 25 EARTH OBSERVATION & TRAFFIC MONITORING SEGMENT EXPECTED
TO LEAD CUBESAT MARKET DURING FORECAST PERIOD 60
FIGURE 26 PAYLOAD SEGMENT EXPECTED TO LEAD CUBESAT MARKET DURING
FORECAST PERIOD 68
FIGURE 27 NON-PROFIT ORGANIZATIONS SEGMENT EXPECTED TO LEAD CUBESAT MARKET DURING FORECAST PERIOD 76
FIGURE 28 CUBESAT MARKET SNAPSHOT 82
FIGURE 29 NORTH AMERICA CUBESAT MARKET SNAPSHOT 84
FIGURE 30 EUROPE CUBESAT MARKET SNAPSHOT 90
FIGURE 31 ASIA PACIFIC CUBESAT MARKET SNAPSHOT 100
FIGURE 32 COMPANIES ADOPTED CONTRACTS AS KEY GROWTH STRATEGY BETWEEN JANUARY 2016 AND NOVEMBER 2018 116
FIGURE 33 LEADING COMPANIES IN CUBESAT MARKET, BY REGION, 2017 117
FIGURE 34 GOMSPACE: COMPANY SNAPSHOT 122
FIGURE 35 HARRIS CORPORATION: COMPANY SNAPSHOT 143
FIGURE 36 OHB SE: COMPANY SNAPSHOT 146
1 INTRODUCTION 18
1.1 OBJECTIVES OF THE STUDY 18
1.2 MARKET DEFINITION 18
1.2.1 MARKETS COVERED 19
1.2.2 YEARS CONSIDERED FOR THE STUDY 20
1.3 CURRENCY & PRICING 20
1.4 LIMITATIONS 20
1.5 MARKET STAKEHOLDERS 21
2 RESEARCH METHODOLOGY 22
2.1 RESEARCH DATA 22
2.1.1 SECONDARY DATA 24
2.1.1.1 Key data from secondary sources 24
2.1.2 PRIMARY DATA 25
2.1.2.1 Key data from primary sources 25
2.1.2.2 Breakdown of primaries 26
2.2 MARKET SIZE ESTIMATION 26
2.2.1 BOTTOM-UP APPROACH 27
2.2.2 TOP-DOWN APPROACH 28
2.3 DATA TRIANGULATION 29
2.4 RESEARCH ASSUMPTIONS 30
3 EXECUTIVE SUMMARY 31
4 PREMIUM INSIGHTS 35
4.1 ATTRACTIVE GROWTH OPPORTUNITIES IN THE CUBESAT MARKET 35
4.2 CUBESAT MARKET, BY SIZE 35
4.3 CUBESAT MARKET, BY APPLICATION 36
4.4 CUBESAT MARKET FOR COMMERCIAL END USER, BY TYPE 36
4.5 CUBESAT MARKET, BY REGION 37
5 MARKET OVERVIEW 38
5.1 INTRODUCTION 38
5.2 MARKET DYNAMICS 38
5.2.1 DRIVERS 39
5.2.1.1 New application areas for CubeSats 39
5.2.1.2 Economical compared to conventional satellites 39
5.2.2 RESTRAINTS 40
5.2.2.1 Lack of launch vehicles 40
5.2.3 OPPORTUNITIES 40
5.2.3.1 Development of advanced technologies 40
5.2.3.2 Technological advancements in CubeSat batteries 40
5.2.3.3 Testing of new technologies 40
5.2.4 CHALLENGES 41
5.2.4.1 Communication issues 41
5.2.4.2 Addition to space debris 41
5.2.4.3 Rigid design structure 41
6 INDUSTRY TRENDS 42
6.1 INTRODUCTION 42
6.2 CUBESAT ELECTRIC POWER SYSTEM (EPS) DESIGN 42
6.3 SPACE INDUSTRY SUPPLY CHAIN 43
6.3.1 OVERVIEW OF SATELLITE SUPPLY CHAIN ELEMENTS FROM CONTRACTORS TO MATERIAL SUPPLIERS 44
6.3.2 RISK AREAS IN CUBESAT SUPPLY CHAIN 45
6.4 TECHNOLOGY TRENDS 45
6.4.1 STATE-OF-THE-ART CUBESAT TECHNOLOGIES 45
6.4.2 DISTRIBUTED ELECTRIC POWER SYSTEM (EPS) IN CUBESAT APPLICATIONS 46
6.4.3 HYPER-SPECTRAL AND MULTI-SPECTRAL IMAGING 47
6.4.4 ENERGY STORAGE (PRIMARY & SECONDARY BATTERIES) 48
6.4.5 DEVELOPMENT OF CUBESAT CONSTELLATIONS TO ENHANCE COMMUNICATION 48
6.4.6 DEVELOPMENT OF CUBESATS USING ADDITIVE MANUFACTURING PROCESS 49
6.5 EMERGING TRENDS 49
6.5.1 TECHNICAL EVOLUTION IN CUBESATS 49
6.5.2 TECHNOLOGICAL ADVANCEMENTS IN EARTH OBSERVATION SERVICES 49
6.6 NANOSATELLITE CROWDFUNDING CAMPAIGNS 50
6.6.1 INNOVATIONS & PATENT REGISTRATIONS 51
7 CUBESAT MARKET, BY SIZE 52
7.1 INTRODUCTION 53
7.2 0.25U - 1U (UP TO 2.0 KG) 54
7.2.1 KEY FOCUS ON DEVELOPING 0.25U TO 1U CUBESAT FOR COMMUNICATION 54
7.3 2U (2.0 KG TO 4.0 KG) 54
7.3.1 2U CUBSATS ARE USED FOR TESTING EMERGING TECHNOLOGIES 54
7.4 3U (4.0 KG TO 6.0 KG) 55
7.4.1 KEY FOCUS ON DEVELOPING 3U CUBESATS FOR EARTH OBSERVATION AND TRAFFIC MONITOING 55
7.5 6U (6.0 KG TO 12.0 KG) 56
7.5.1 INCREASING DEMAND FOR 6U USED IN SPACE SCIENCE MISSION 56
7.6 12U (12.0 KG ABOVE) 57
7.6.1 INCREASING DEMAND FOR 12U USED IN DEEP SPACE MISSION 57
7.7 ABOVE 12U 57
7.7.1 ABOVE 12U USED FOR EARTH OBSERVATION, COMMUNICATION, SCIENCE AND TECHNOLOGY 57
8 CUBESAT MARKET, BY APPLICATION 59
8.1 INTRODUCTION 60
8.2 EARTH OBSERVATION & TRAFFIC MONITORING 61
8.2.1 INCREASING DEMAND FOR REAL TIME DATA AND EARTH IMAGING
FOR COMMERCIAL SECTOR 61
8.3 METEOROLOGY 62
8.3.1 DEMAND FOR WEATHER FORECASTING SERVICES ARE DRIVING
THE GROWTH OF METEOROLOGY MARKET 62
8.4 SPACE OBSERVATION 63
8.4.1 RISING DEMAND FOR LOWER EARTH ORBIT (LEO)-BASED SERVICES 63
8.5 COMMUNICATION 64
8.5.1 INCREASING USE OF CUBESATS FOR COMMUNICATION PURPOSE 64
8.6 SCIENCE & TECHNOLOGY AND EDUCATION 65
8.6.1 DEMAND FOR CUBESATS HAS INCREASED DUE TO ITS APPLICATION
IN TESTING NEW TECHNOLOGIES 65
9 CUBESAT MARKET, BY SUBSYSTEM 67
9.1 INTRODUCTION 68
9.1.1 STRUCTURES 69
9.1.1.1 Standardized structure allows new entrants into the market 69
9.1.2 PAYLOADS 70
9.1.2.1 Miniaturization of payloads broadens scope for CubeSat applications 70
9.1.3 SOLAR PANELS& ANTENNA SYSTEMS 70
9.1.3.1 Repalce with: Development of new solar panels with inbuilt antenna enhances the capabilities of CubeSats 70
9.1.4 ELECTRICAL POWER SYSTEMS (EPS) 71
9.1.4.1 Advancement in battery technologies 71
9.1.5 COMMAND & DATA HANDLING (C&DH) 72
9.1.5.1 Advantage of open source software and hardware provides an easy entry for NewSpace Companies 72
9.1.6 ATTITUDE DETERMINATION & CONTROL SYSTEMS 72
9.1.6.1 Launch of CubeSats into Deep space requires advanced attitude determination & control systems 72
9.1.7 PROPULSION SYSTEMS 73
9.1.7.1 High Efficiency and Technological Advancements in Propulsion systems 73
9.1.8 OTHERS 74
10 CUBESAT MARKET, BY END USER 75
10.1 INTRODUCTION 76
10.2 GOVERNMENT & MILITARY 77
10.2.1 CUBESATS ARE USED FOR BORDER PATROLLING BY PROVIDING REAL-TIME DATA TO MILITARY INTELLIGENCE UNITS 77
10.2.2 DEFENSE ORGANIZATIONS 78
10.2.2.1 Increasing demand for real-time data and imaging 78
10.2.3 SPACE AGENCIES 78
10.2.3.1 Use of CubeSats for preliminary phases of space missions 78
10.3 COMMERCIAL 78
10.3.1 INCREASING INVOLVEMENT OF PRIVATE PLAYERS IN THE GLOBAL SPACE INDUSTRY 78
10.3.2 ENERGY & POWER 79
10.3.2.1 Demand for monitoring structural integrity of nuclear power stations 79
10.3.3 AGRICULTURE 79
10.3.3.1 Increasing demand for NVDI grids and maps 79
10.3.4 ENVIRONMENTAL PROTECTION 79
10.3.4.1 CubeSats are used to improve disaster relief and monitor crop yield 79
10.3.5 MARITIME 80
10.3.5.1 CubeSats are used to logistics tracking, fleet management and route planning 80
10.3.6 OTHERS 80
10.4 NON-PROFIT ORGANIZATIONS 80
10.4.1 PROVIDE PRACTICAL EXPERIENCE TO STUDENTS 80
11 REGIONAL ANALYSIS 81
11.1 INTRODUCTION 82
11.2 NORTH AMERICA 83
11.2.1 US 87
11.2.1.1 US uses most of the CubeSat’s for earth observation and traffic monitoring applications 87
11.2.2 CANADA 88
11.2.2.1 Canadian Space Agency (CSA) had selected 15 university teams to participate in the Canadian CubeSat project 88
11.3 EUROPE 89
11.3.1 RUSSIA 93
11.3.1.1 Russia is developing CubeSats for advanced space technology demonstration missions 93
11.3.2 UK 94
11.3.2.1 Earth observation has been one of the preferred application areas for CubeSats in the UK 94
11.3.3 FRANCE 95
11.3.3.1 France’s National Investment Program in the Space sector has enabled private players to develop reliable communication solutions for CubeSats 95
11.3.4 GERMANY 96
11.3.4.1 German Orbital Systems is developing CubeSat’s for communication application 96
11.3.5 ITALY 97
11.3.5.1 Italy’s Earth Observation & Traffic Monitoring segment is Estimated to have the Highest CAGR 97
11.3.6 REST OF EUROPE (ROE) 98
11.3.6.1 Increasing Demand of CubeSat’s for Earth Observation & Traffic Monitoring application 98
11.4 ASIA PACIFIC 99
11.4.1 CHINA 103
11.4.1.1 China is a leading manufacturer of military and commercial satellite in the world 103
11.4.2 JAPAN 104
11.4.2.1 Japan is one of the leading countries in the Asia Pacific Working actively on developing Nanosatellites 104
11.4.3 INDIA 106
11.4.3.1 ISRO is focusing on developing nanosatellites which will drive the growth of the CubeSat Market in India 106
11.4.4 SOUTH KOREA 107
11.4.4.1 South Korea is making efficient use of CubeSat’s in their rapidly growing defense sector 107
11.4.5 REST OF ASIA PACIFIC 108
11.4.5.1 The science & Technology and education segment is expected to grow at the highest CAGR during the forecast period 108
11.5 REST OF THE WORLD (ROW) 109
11.5.1 MIDDLE EAST 112
11.5.1.1 The Middle East is using Earth Observation and communication satellites to advance their economy 112
11.5.2 LATIN AMERICA 113
11.5.2.1 Lower cost of CubeSat’s has allowed Latin American countries to incorporate CubeSat’s in the various industries 113
11.5.3 SOUTH AFRICA 114
11.5.3.1 South Africa is developing extremely high resolution hyper-spectral cameras for CubeSat’s 114
12 COMPETITIVE LANDSCAPE 115
12.1 INTRODUCTION 115
12.2 COMPETITIVE ANALYSIS 115
12.3 MARKET RANKING ANALYSIS 117
12.4 COMPETITIVE SCENARIO 118
12.4.1 CONTRACTS 119
12.4.2 PARTNERSHIPS/COLLABORATIONS 120
12.4.3 ACQUISITIONS 120
12.4.4 EXPANSIONS 121
13 COMPANY PROFILES 122
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)*
13.1 GOMSPACE 122
13.2 NANOAVIONICS 125
13.3 SIERRA NEVADA CORPORATION 127
13.4 CLYDE SPACE 128
13.5 SURREY SATELLITE TECHNOLOGY 129
13.6 ADCOLE MARYLAND AEROSPACE 130
13.7 TYVAK NANO-SATELLITE SYSTEMS 131
13.8 CU AEROSPACE 132
13.9 BUSEK CO. 133
13.10 SPACE SYSTEMS LORAL (SSL) 135
13.11 ENDUROSAT 137
13.12 PUMPKIN SPACE SYSTEMS 139
13.13 PLANET LABS 141
13.14 HARRIS CORPORATION 143
13.15 OHB SE 146
13.16 OTHER COMPANIES 149
13.16.1 INNOVATIVE SOLUTIONS IN SPACE (ISIS) 149
13.16.2 CAPELLA SPACE 149
13.16.3 THE BOEING COMPANY 150
13.16.4 LOCKHEED MARTIN CORPORATION 150
13.16.5 BLUE CANYON TECHNOLOGIES 151
13.16.6 KUBOS CORPORATION 151
13.16.7 UTIAS SPACE FLIGHT LABORATORY (SFL) 152
13.16.8 BERLIN SPACE TECHNOLOGIES (BST) 152
13.16.9 DHV TECHNOLOGY 153
13.16.10 G.A.U.S.S. 153
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View might not be captured in case of unlisted companies.
14 APPENDIX 154
14.1 DISCUSSION GUIDE 154
14.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 156
14.3 AVAILABLE CUSTOMIZATION 158
14.4 RELATED REPORTS 158
14.5 AUTHOR DETAILS 159
LIST OF TABLES
TABLE 1 CROW FUNDING COMPANIES IN CUBESATS (2016-2018) 50
TABLE 2 INNOVATIONS & PATENT REGISTRATIONS, 2012-2017 51
TABLE 3 CUBESAT MARKET SIZE, BY SIZE, 2016–2023 (USD MILLION) 53
TABLE 4 0.25U–1U CUBESAT MARKET SIZE, BY REGION, 2016–2023 (USD MILLION) 54
TABLE 5 2U CUBESAT MARKET SIZE, BY REGION, 2016–2023 (USD MILLION) 55
TABLE 6 3U CUBESAT MARKET SIZE, BY REGION, 2016–2023 (USD MILLION) 55
TABLE 7 6U CUBESAT MARKET SIZE, BY REGION, 2016–2023 (USD MILLION) 56
TABLE 8 12U CUBESAT MARKET SIZE, BY REGION, 2016–2023 (USD MILLION) 57
TABLE 9 12U ABOVE CUBESAT MARKET SIZE, BY REGION, 2016–2023 (USD MILLION) 58
TABLE 10 CUBESAT MARKET SIZE, BY APPLICATION, 2016–2023 (USD MILLION) 60
TABLE 11 CUBESAT MARKET SIZE IN EARTH OBSERVATION & TRAFFIC MONITORING,
BY REGION, 2016–2023 (USD MILLION) 61
TABLE 12 CUBESAT MARKET SIZE IN EARTH OBSERVATION & TRAFFIC MONITORING,
BY SIZE, 2016–2023 (USD MILLION) 62
TABLE 13 CUBESAT MARKET SIZE IN METEOROLOGY, BY REGION,
2016–2023 (USD MILLION) 62
TABLE 14 CUBESAT MARKET SIZE IN METEOROLOGY, BY SIZE, 2016–2023 (USD MILLION) 63
TABLE 15 CUBESAT MARKET SIZE IN SPACE OBSERVATION, BY REGION,
2016–2023 (USD MILLION) 63
TABLE 16 CUBESAT MARKET SIZE IN SPACE OBSERVATION, BY SIZE,
2016–2023 (USD MILLION) 64
TABLE 17 CUBESAT MARKET SIZE IN COMMUNICATION, BY REGION,
2016–2023 (USD MILLION) 64
TABLE 18 CUBESAT MARKET SIZE IN COMMUNICATION, BY SIZE, 2016–2023 (USD MILLION) 65
TABLE 19 CUBESAT MARKET SIZE IN SCIENCE & TECHNOLOGY AND EDUCATION,
BY REGION, 2016–2023 (USD MILLION) 65
TABLE 20 CUBESAT MARKET SIZE IN SCIENCE & TECHNOLOGY AND EDUCATION,
BY SIZE, 2016–2023 (USD MILLION) 66
TABLE 21 CUBESAT MARKET SIZE, BY SUBSYSTEM, 2016–2023 (USD MILLION) 69
TABLE 22 CUBESAT STRUCTURES MARKET SIZE, BY REGION, 2016–2023 (USD MILLION) 69
TABLE 23 CUBESAT PAYLOADS MARKET SIZE, BY REGION, 2016–2023 (USD MILLION) 70
TABLE 24 CUBESAT SOLAR PANELS & ANTENNA SYSTEMS MARKET SIZE, BY REGION,
2016–2023 (USD MILLION) 71
TABLE 25 CUBESAT ELECTRICAL POWER SYSTEMS MARKET SIZE, BY REGION,
2016–2023 (USD MILLION) 71
TABLE 26 CUBESAT COMMAND & DATA HANDLING (C&DH) MARKET SIZE, BY REGION,
2016–2023 (USD MILLION) 72
TABLE 27 CUBESAT ATTITUDE DETERMINATION & CONTROL SYSTEMS MARKET SIZE,
BY REGION, 2016–2023 (USD MILLION) 73
TABLE 28 CUBESAT PROPULSION SYSTEMS MARKET SIZE, BY REGION,
2016–2023 (USD MILLION) 73
TABLE 29 OTHER SUBSYSTEMS MARKET SIZE, BY REGION, 2016–2023 (USD MILLION) 74
TABLE 30 CUBESAT MARKET SIZE, BY END USER, 2016–2023 (USD MILLION) 76
TABLE 31 CUBESAT MARKET SIZE FOR GOVERNMENT & MILITARY, BY REGION,
2016–2023 (USD MILLION) 77
TABLE 32 CUBESAT MARKET SIZE FOR GOVERNMENT & MILITARY, BY TYPE,
2016–2023 (USD MILLION) 77
TABLE 33 CUBESAT MARKET SIZE FOR COMMERCIAL, BY REGION,
2016–2023 (USD MILLION) 78
TABLE 34 CUBESAT MARKET SIZE FOR COMMERCIAL, BY TYPE, 2016–2023 (USD MILLION) 79
TABLE 35 CUBESAT MARKET SIZE FOR NON-PROFIT ORGANIZATIONS, BY REGION,
2016–2023 (USD MILLION) 80
TABLE 36 CUBESAT MARKET SIZE, BY REGION, 2016-2023 (USD MILLION) 83
TABLE 37 NORTH AMERICA CUBESAT MARKET SIZE, BY SIZE, 2016–2023 (USD MILLION) 85
TABLE 38 NORTH AMERICA CUBESAT MARKET SIZE, BY APPLICATION,
2016–2023 (USD MILLION) 85
TABLE 39 NORTH AMERICA CUBESAT MARKET SIZE, BY END USER,
2016–2023 (USD MILLION) 86
TABLE 40 NORTH AMERICA CUBESAT MARKET SIZE, BY SUBSYSTEM,
2016–2023 (USD MILLION) 86
TABLE 41 NORTH AMERICA CUBESAT MARKET SIZE, BY COUNTRY,
2016–2023 (USD MILLION) 86
TABLE 42 US CUBESAT MARKET SIZE, BY APPLICATION, 2016–2023 (USD MILLION) 87
TABLE 43 US CUBESAT MARKET SIZE, BY END USER, 2016–2023 (USD MILLION) 87
TABLE 44 CANADA CUBESAT MARKET SIZE, BY APPLICATION, 2016–2023 (USD MILLION) 88
TABLE 45 CANADA CUBESAT MARKET SIZE, BY END USER, 2016–2023 (USD MILLION) 89
TABLE 46 EUROPE CUBESAT MARKET SIZE, BY SIZE, 2016–2023 (USD MILLION) 91
TABLE 47 EUROPE CUBESAT MARKET SIZE, BY APPLICATION, 2016–2023 (USD MILLION) 91
TABLE 48 EUROPE CUBESAT MARKET SIZE, BY END USER, 2016–2023 (USD MILLION) 92
TABLE 49 EUROPE CUBESAT MARKET SIZE, BY SUBSYSTEM, 2016–2023 (USD MILLION) 92
TABLE 50 EUROPE CUBESAT MARKET SIZE, BY COUNTRY, 2016–2023 (USD MILLION) 93
TABLE 51 RUSSIA CUBESAT MARKET SIZE, BY APPLICATION, 2016–2023 (USD MILLION) 93
TABLE 52 RUSSIA CUBESAT MARKET SIZE, BY END USER, 2016–2023 (USD MILLION) 94
TABLE 53 UK CUBESAT MARKET SIZE, BY APPLICATION, 2016–2023 (USD MILLION) 94
TABLE 54 UK CUBESAT MARKET SIZE, BY END USER, 2016–2023 (USD MILLION) 95
TABLE 55 FRANCE CUBESAT MARKET SIZE, BY APPLICATION, 2016–2023 (USD MILLION) 95
TABLE 56 FRANCE CUBESAT MARKET SIZE, BY END USER, 2016–2023 (USD MILLION) 96
TABLE 57 GERMANY CUBESAT MARKET SIZE, BY APPLICATION, 2016–2023 (USD MILLION) 96
TABLE 58 GERMANY CUBESAT MARKET SIZE, BY END USER, 2016–2023 (USD MILLION) 97
TABLE 59 ITALY CUBESAT MARKET SIZE, BY APPLICATION, 2016–2023 (USD MILLION) 97
TABLE 60 ITALY CUBESAT MARKET SIZE, BY END USER, 2016–2023 (USD MILLION) 98
TABLE 61 ROE CUBESAT MARKET SIZE, BY APPLICATION, 2016–2023 (USD MILLION) 98
TABLE 62 ROE CUBESAT MARKET SIZE, BY END USER, 2016–2023 (USD MILLION) 99
TABLE 63 ASIA PACIFIC CUBESAT MARKET SIZE, BY SIZE, 2016–2023 (USD MILLION) 101
TABLE 64 ASIA PACIFIC CUBESAT MARKET SIZE, BY APPLICATION,
2016–2023 (USD MILLION) 101
TABLE 65 ASIA PACIFIC CUBESAT MARKET SIZE, BY END USER, 2016–2023 (USD MILLION) 102
TABLE 66 ASIA PACIFIC CUBESAT MARKET SIZE, BY SUBSYSTEM, 2016–2023 (USD MILLION) 102
TABLE 67 ASIA PACIFIC CUBESAT MARKET SIZE, BY COUNTRY, 2016–2023 (USD MILLION) 103
TABLE 68 CHINA CUBESAT MARKET SIZE, BY APPLICATION, 2016–2023 (USD MILLION) 103
TABLE 69 CHINA CUBESAT MARKET SIZE, BY END USER, 2016–2023 (USD MILLION) 104
TABLE 70 JAPAN CUBESAT MARKET SIZE, BY APPLICATION, 2016–2023 (USD MILLION) 105
TABLE 71 JAPAN CUBESAT MARKET SIZE, BY END USER, 2016–2023 (USD MILLION) 105
TABLE 72 INDIA CUBESAT MARKET SIZE, BY APPLICATION, 2016–2023 (USD MILLION) 106
TABLE 73 INDIA CUBESAT MARKET SIZE, BY END USER, 2016–2023 (USD MILLION) 106
TABLE 74 SOUTH KOREA CUBESAT MARKET SIZE, BY APPLICATION,
2016–2023 (USD MILLION) 107
TABLE 75 SOUTH KOREA CUBESAT MARKET SIZE, BY END USER, 2016–2023 (USD MILLION) 108
TABLE 76 REST OF APAC CUBESAT MARKET SIZE, BY APPLICATION,
2016–2023 (USD MILLION) 108
TABLE 77 ROA CUBESAT MARKET SIZE, BY END USER, 2016–2023 (USD MILLION) 109
TABLE 78 ROW CUBESAT MARKET SIZE, BY SIZE, 2016–2023 (USD MILLION) 109
TABLE 79 ROW CUBESAT MARKET SIZE, BY APPLICATION, 2016–2023 (USD MILLION) 110
TABLE 80 ROW CUBESAT MARKET SIZE, BY END USER, 2016–2023 (USD MILLION) 110
TABLE 81 ROW CUBESAT MARKET SIZE, BY SUBSYSTEM, 2016–2023 (USD MILLION) 111
TABLE 82 ROW CUBESAT MARKET SIZE, BY REGION, 2016–2023 (USD MILLION) 111
TABLE 83 MIDDLE EAST CUBESAT MARKET SIZE, BY APPLICATION,
2016–2023 (USD MILLION) 112
TABLE 84 MIDDLE EAST CUBESAT MARKET SIZE, BY END USER, 2016–2023 (USD MILLION) 112
TABLE 85 LATIN AMERICA CUBESAT MARKET SIZE, BY APPLICATION,
2016–2023 (USD MILLION) 113
TABLE 86 LATIN AMERICA CUBESAT MARKET SIZE, BY END USER,
2016–2023 (USD MILLION) 113
TABLE 87 SOUTH AFRICA CUBESAT MARKET SIZE, BY APPLICATION,
2016–2023 (USD MILLION) 114
TABLE 88 SOUTH AFRICA CUBESAT MARKET SIZE, BY END USER, 2016–2023 (USD MILLION) 114
TABLE 89 RANKING OF KEY PLAYERS IN CUBESAT MARKET, 2017 117
LIST OF FIGURES
FIGURE 1 CUBESAT MARKET SEGMENTATION 19
FIGURE 2 RESEARCH PROCESS FLOW 22
FIGURE 3 CUBESAT MARKET: RESEARCH DESIGN 23
FIGURE 4 BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION & REGION 26
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 27
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 28
FIGURE 7 DATA TRIANGULATION 29
FIGURE 8 ASSUMPTIONS OF THE RESEARCH STUDY 30
FIGURE 9 3U SUBSEGMENT OF CUBESAT MARKET PROJECTED TO GROW AT HIGHEST CAGR BY SIZE, DURING THE FORECAST PERIOD 32
FIGURE 10 COMMERCIAL END-USER SEGMENT PROJECTED TO GROW AT A HIGHER CAGR DURING THE FORECAST PERIOD 32
FIGURE 11 EARTH OBSERVATION & TRAFFIC MONITORING SEGMENT IS PROJECTED TO LEAD THE CUBESAT MARKET BY APPLICATION DURING THE FORECAST PERIOD 33
FIGURE 12 NORTH AMERICA ESTIMATED TO LEAD THE CUBESAT MARKET IN 2018 33
FIGURE 13 DEMAND FOR NANOSATELLITES AND INCREASE IN EARTH OBSERVATION & SPACE EXPLORATION ACTIVITIES ARE DRIVING THE GROWTH OF THE CUBESAT MARKET 35
FIGURE 14 3U SUBSEGMENT EXPECTED TO LEAD THE CUBESAT MARKET DURING THE FORECAST PERIOD 35
FIGURE 15 EARTH OBSERVATION & TRAFFIC MONITORING SEGMENT EXPECTED TO LEAD CUBESAT MARKET FROM 2018 TO 2023 36
FIGURE 16 ENVIRONMENTAL PROTECTION SEGMENT EXPECTED TO LEAD THE CUBESAT MARKET FOR COMMERCIAL END USERS FROM 2018 TO 2023 36
FIGURE 17 NORTH AMERICA EXPECTED TO LEAD THE CUBESAT MARKET FROM 2018 TO 2023 37
FIGURE 18 CUBESAT MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES & CHALLENGES 38
FIGURE 19 CUBESATS LAUNCHED FROM 2014 TO 2018 39
FIGURE 20 SPACE DEBRIS 41
FIGURE 21 CUBESAT EPS BLOCK DIAGRAM 43
FIGURE 22 SPACE INDUSTRY SUPPLY CHAIN 44
FIGURE 23 POWER DISTRIBUTION RELIABILITY 47
FIGURE 24 3U CUBESAT SEGMENT IS EXPECTED TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD 53
FIGURE 25 EARTH OBSERVATION & TRAFFIC MONITORING SEGMENT EXPECTED
TO LEAD CUBESAT MARKET DURING FORECAST PERIOD 60
FIGURE 26 PAYLOAD SEGMENT EXPECTED TO LEAD CUBESAT MARKET DURING
FORECAST PERIOD 68
FIGURE 27 NON-PROFIT ORGANIZATIONS SEGMENT EXPECTED TO LEAD CUBESAT MARKET DURING FORECAST PERIOD 76
FIGURE 28 CUBESAT MARKET SNAPSHOT 82
FIGURE 29 NORTH AMERICA CUBESAT MARKET SNAPSHOT 84
FIGURE 30 EUROPE CUBESAT MARKET SNAPSHOT 90
FIGURE 31 ASIA PACIFIC CUBESAT MARKET SNAPSHOT 100
FIGURE 32 COMPANIES ADOPTED CONTRACTS AS KEY GROWTH STRATEGY BETWEEN JANUARY 2016 AND NOVEMBER 2018 116
FIGURE 33 LEADING COMPANIES IN CUBESAT MARKET, BY REGION, 2017 117
FIGURE 34 GOMSPACE: COMPANY SNAPSHOT 122
FIGURE 35 HARRIS CORPORATION: COMPANY SNAPSHOT 143
FIGURE 36 OHB SE: COMPANY SNAPSHOT 146
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