Market Overview

Global CubeSat Market 2018-2022 - Demand for IoT and M2M Small Satellite Networks


Global CubeSat Market 2018-2022 - Demand for IoT and M2M Small Satellite Networks

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DUBLIN, Aug. 13, 2018 /PRNewswire/ --

The "Global CubeSat Market: Focus on Sizes (1U, 2U, 3U, 6U, and Other Sizes),Subsystems, and End Users (Academic, Commercial, Government, Defense,and Non-Profit Organization) - Analysis and Forecast: 2018-2022" report has been added to's offering.

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The CubeSat market reported a revenue of $100.5 million in 2016, and the commercial end user is expected to generate the highest revenue by 2022.

During initial years of the development of satellite technologies, the main focus of companies was on developing heavy- and large-sized satellites. Although, over a period of time, the satellite industry has witnessed several significant technological advancements which have created extensive demand for small size satellites as well as cost-effective launch solutions. Small satellites include CubeSats, which are special types of cuboid-shaped smallsats, created in units of a 10cm 10cm 10cm cube.

The market of CubeSats is expected to show robust growth rate due to increasing rate of investments in the space industry by the government organizations. A major advantage with CubeSats is that they allow business & scientific establishments, educational institutions, non-spacefaring states, non-profit organizations, and even individuals an easy access to space. However, there are several market factors that will define the dynamics of the CubeSat industry in the next five years.

Clyde Space Ltd., EnduroSat AD, GomSpace Sweden AB, Group of Astrodynamics for the Use of Space Systems (G.A.U.S.S.) Srl, Harris Corporation, Innovative Solutions in Space BV (ISIS), Interorbital Systems Corporation, NanoAvionika, LLC, Space Systems/Loral, LLC, and Tyvak Nano-Satellite Systems, Inc. are some of the major players of the CubeSat market.

Extensive demand for small satellite constellations, technological expansion in electronic components for CubeSats, imminent need for satellite miniaturization in the space industry, and increase in space missions for academic research are driving the growth of the market. Moreover, affordable launch of CubeSats and regulate the increasing amount of space debris act as major challenges to the market. Furthermore, demand for IoT and M2M small satellite networks and disaster management through satellite remote sensing are expected to create lucrative opportunities for the market in coming years. Each of these factors has a definite impact on the growth of the market.

The commercial end user is expected to witness a high growth rate owing to increasing research and development (R&D) activities to develop CubeSat constellation for varied applications such as navigation, provision of global wireless internet system, and telecommunication, among others.

The demand for CubeSats across different geographies in the near future is expected to be promising, with North America having the highest market share during the period 2016-2022, followed by Asia-Pacific, Europe, and Rest of the World. North America is expected to maintain its dominance through the forecast period, owing to maximum number of CubeSat launches by the commercial end user in the region. In addition to this, the emerging start-ups in the region are also keen to develop CubeSats for the emerging applications for varied end users, thus, boosting the utilization of CubeSats for commercial and academic.

Key Topics Covered:

1 Research Scope & Methodology
1.1 Scope of the Report
1.2 Global CubeSat Market Research Methodology

2 Market Dynamics
2.1 Drivers
2.1.1 Extensive Demand for Small Satellite Constellations
2.1.2 Technological Expansion in Electronic Components for CubeSats
2.1.3 Imminent Need for Satellite Miniaturization in the Space Industry
2.1.4 Increase in Space Missions for Academic Research
2.2 Challenges
2.2.1 Lack of Affordability in Launching CubeSats
2.2.2 Lack of Regulation for the Increasing Amount of Space Debris
2.3 Opportunities
2.3.1 Demand for IoT and M2M Small Satellite Networks
2.3.2 Disaster Management Through Satellite Remote Sensing

3 Competitive Insights
3.1 Key Market Developments and Strategies
3.1.1 Recent Product Launches
3.1.2 Partnerships, Joint Ventures, and Collaborations
3.1.3 Mergers and Acquisitions
3.1.4 Others
3.2 Market Share Analysis and Competitive Benchmarking

4 Industry Analysis
4.1 Evolution of CubeSats and Technological Advancements Over Conventional Satellites
4.2 Manufacturing Cost Analysis of CubeSats
4.3 Regulatory Environment: CubeSat Industry
4.4 Patent Analysis
4.5 Value Chain Analysis

5 Global CubeSat Market
5.1 Assumptions and Limitations
5.2 Market Overview

6 Global CubeSat Market by Size
6.1 Market Overview
6.2 1U CubeSat
6.3 2U CubeSat
6.4 3U CubeSat
6.5 6U CubeSat
6.6 Other Sizes CubeSat

7 Global CubeSat Market by Subsystem
7.1 Market Overview
7.2 Payload
7.3 Structure
7.4 Telecommunication: Telemetry, Tracking, and Command (TT&C)
7.5 On-Board Computer: Command and Data Handling (C&DH)
7.6 Power System
7.7 Attitude Control System: Attitude Determination and Control System (ADCS)
7.8 Propulsion System
7.9 Thermal Control System (TCS)

8 Global CubeSat Market by End User
8.1 Market Overview
8.2 Academic
8.3 Commercial
8.4 Government
8.5 Defense
8.6 Non-Profit Organization

9 Global CubeSat Market by Region

11 Company Profiles

  • Clyde Space Ltd.
  • EnduroSat AD
  • GomSpace Sweden AB
  • Group of Astrodynamics for the Use of Space Systems (G.A.U.S.S.) Srl
  • Harris Corporation
  • Innovative Solutions in Space BV (ISIS)
  • Interorbital Systems Corporation (IOS)
  • NanoAvionika, LLC
  • Space Systems/Loral, LLC (SSL)
  • Tyvak Nano-Satellite Systems, Inc.

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