Press release
Global Cubesat Market Report, Market Size, Share, Trends, Analysis and Forecast to 2028
Stratistics MRC's Global Cubesat Market value is expected to reach $1,024.29 million growing at a CAGR of 22.51% during 2022-2028.Small satellites known as "CubeSat" have a volume of around one quart and are cubic in shape. They are roughly four inches long. Only expeditions to planets in low Earth orbit and beyond use these tiny satellites. They can be launched into orbit on the back of a heavier payload, which makes them more affordable and fuel-efficient. On pre-planned missions, cube satellites are launched as supplemental payloads. They discover uses for communications, signal monitoring (SIGINT), remote sensing, localization, logistics, and doing scientific research and technology demonstrations in space.
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By geography, Europe is projected to have the highest CAGR over the forecast period, owing to the increasing use of satellites for environmental monitoring and the rising demand for small satellites are expected to support the growth of the CubeSat service industry in Europe. Additionally, there are a lot of potential for the CubeSat service industry in the European region because to the huge manufacturing of several small satellites by government space initiatives in Europe, such the Copernicus Program.
Some of the key players profiled in the CubeSat Market include AAC Clyde Space, Planet Labs Inc., Innovative Solutions In Space B.V., CU Aerospace, L.L.C., GomSpace, Tyvak Nano-Satellite Systems, Inc., Endurosat, Pumpkin Space Systems, Surrey Satellite Technology Limited, Space Inventor, NanoAvionika, Interorbital Systems, L3Harris Technologies Inc, GomSpace and Clyde Space.
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All the customers of this report will be entitled to receive one of the following free customization options:
Company Profiling
Comprehensive profiling of additional market players (up to 3)
SWOT Analysis of key players (up to 3)
Regional Segmentation
Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
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