“CubeSat market to demonstrate promising growth over the forecast period”, says Visiongain

23 October 2019
Aviation

Visiongain has launched a new Aerospace report CubeSat Market Report 2019-2029 Forecasts by Application (Earth Observation & Traffic Monitoring, Communication, Science & Technology, Education), end-user (Government & Military, Commercial, Non-profit, Organization), and Size (Up to 2.0Kg , 2.0 to 4.0 Kg, 4.0 to 6.0 Kg, 6.0 to 12.0 Kg, Above 12 Kg) PLUS Profiles of Leading Companies and Regional and Leading National Market Analysis. 

 

The global CubeSat market is expected to grow at a lucrative rate during the forecast period. The rise in new business opportunities, increasing demand for satellite-based services, and emergence of developing countries as potential customers of satellite technology has encouraged established players and new space entrepreneurs to capitalise on the unique abilities of CubeSat in bringing to market new businesses or government services. The CubeSat market has also been witnessing various collaborations among different companies which are planning to bring this technology to market. The Asian and Middle-Eastern regions are expected to witness significant demand for CubeSat.

 

Rise in investment activity in terms of multiple rounds of funding by venture capital firms has also contributed to the growth of this market. Various companies have announced plans to launch constellations of CubeSat whose capabilities are expected to be higher than the capabilities of a single or large satellite. These proposed smallsat constellations are also expected to deliver profit margins which outpace those earned from government contracts. Market players are also looking to customise CubeSat for emerging nations who desire challenging performance targets at particular price points which are well below those associated with that of larger satellite platforms. They are also focusing toward cross-market partnerships that enable higher performance CubeSat at lower acquisition costs. Miniaturisation of electronics coupled with several technological advances are expected to improve the performance of satellite platforms, which are likely to continue to shrink in physical size and mass. CubeSat usually require innovative propulsion, attitude control, communication and computation systems. This is expected to prove as a major challenge for the growth of CubeSat market

 

Some of the players operating in the market include Gomspace, Nanoavionics

Clyde Space, Surrey Satellite Technology, Adcole Nono-Satellite Systems, CU Aerospace, Busek Co., Space Systems Loral (SSL), Endurosat, Pumpkin Space Systems, Planet Labs, Harris Corporation, and OHB SE. These major companies are increasingly focusing on research and development activities so as to gain competitive advantage. The players are also taking various strategic initiatives such as mergers, acquisitions, and partnerships so as to increase their presence in the global market.

 

Notes for Editors
If you are interested in a more detailed overview of this report, please send an e-mail to sara.peerun@visiongainglobal.com or call her on +44 (0) 207 336 6100

About Visiongain
Visiongain is one of the fastest-growing and most innovative independent media companies in Europe. Based in London, UK, Visiongain produces a host of business-to-business reports focusing on the automotive, aviation, chemicals, cyber, defence, energy, food & drink, materials, packaging, pharmaceutical and utilities sectors.

Visiongain publishes reports produced by analysts who are qualified experts in their field. Visiongain has firmly established itself as the first port of call for the business professional who needs independent, high-quality, original material to rely and depend on.

 

Recent News

Visiongain Publishes Air Traffic Management Market Report 2021-2031

Despite the difficulties and complexities of air traffic management, major developments in both developed and emerging markets for air travel are on the way forward. The growth of the air travel industry in countries such as China and India will enhance air traffic management through the use of processes, instruments, and technologies already used in developed markets such as the United States and Europe.

01 December 2020

Read

Visiongain Publishes Radiation-Hardened Electronics Market Report 2021-2031

Radiation-Hardened Electronics market has been witnessing strong growth over the past few years owing to significant investments in space exploration programs across the globe. Radiation-Hardened Electronics are highly used for space application which is required to decommissioning nuclear power plants and also to carry out human activities in space accelerator.

30 October 2020

Read

Visiongain Publishes Inertial Navigation System Market Report 2021-2031

Focus of armed forces across the globe on the procurement of military aircraft, armored vehicles, missile systems, and various artillery systems is one of the major factors driving the demand for inertial navigation systems market over the past few years.

30 October 2020

Read

Visiongain Publishes Hybrid Aircraft Market Report 2021-2031

The growth can be attributed to increasing investment on the advanced aircraft technologies with heavy lifting capabilities. Hybrid aircraft uses electricity as one of the main sources along with high powered turbines during takeoff, which enables heavy lifting capabilities. The turbine power also used for charging batteries onboard aircraft.

30 October 2020

Read

Kelloggs
3m
Thales
Shell
TEVA
Lockheed-Martin
Pfizer
Raytheon
Halliburton
Du-Pont
Honeywell
Daimler
BASF
Bayer
BP
BAE-Systems
Unilever