Cubesat Market

Cubesat Market

Cubesat Market Forecasts to 2030 - Global Analysis By Size (1U (10x10x10 cm), 2U (20x10x10 cm), 3U (30x10x10 cm), 6U (20x10x34 cm), 12U (20x20x34 cm) and Other Sizes), Component, Application, End User and By Geography

4.2 (22 reviews)
4.2 (22 reviews)
Published: 2024 ID: SMRC26528

This report covers the impact of COVID-19 on this global market

According to Stratistics MRC, the Global Cubesat Market is accounted for $462.6 million in 2024 and is expected to reach $1192.7 million by 2030 growing at a CAGR of 17.1% during the forecast period. A CubeSat is a type of miniaturized satellite used for space research, Earth observation, and telecommunications. Standardized in size (typically 10 cm × 10 cm × 10 cm) and weight (up to 1.33 kg per unit), CubeSats are cost-effective, often built using commercial off-the-shelf components, and can be launched as secondary payloads aboard rockets. Despite their small size, CubeSats carry various scientific instruments and payloads, including cameras, spectrometers, and sensors, enabling a wide range of missions such as monitoring weather patterns, studying climate change, and testing new technologies in space. Their compact form allows for deployment in constellations for global coverage or in swarms for distributed sensing. 

Market Dynamics: 


Reduced mission costs

Reduced mission costs have significantly boosted the CubeSat market by making space missions more accessible to startups, educational institutions, and developing countries. This affordability democratizes space, spurring innovation and increasing the number of space-based projects. Lower costs enable frequent launches, rapid prototyping, and iterative development, accelerating technological advancements. Consequently, the CubeSat market is experiencing robust growth, attracting investment and fostering collaborations, ultimately expanding the scope and impact of space research and commercial applications.


Limited payload capacity

Limited payload capacity restricts the types and complexity of instruments and experiments that can be carried, limiting scientific and commercial applications. High-demand missions requiring advanced sensors, propulsion systems, or larger power sources often cannot be accommodated within the small size and weight limits of CubeSats. Additionally, these constraints also necessitate more frequent launches to achieve the same objectives as larger satellites, potentially increasing overall costs and logistical complexity hampering the growth of the market.


Growing demand for diverse applications

As industries and sectors such as telecommunications, Earth observation, climate monitoring, scientific research, and defense increasingly recognize the utility of CubeSats, the market is experiencing robust growth. This demand fosters the development of specialized CubeSat technologies, including advanced sensors, propulsion systems, and communication modules, enhancing their capabilities and reliability. Additionally, the expanding variety of applications attracts a wide range of stakeholders, from governments and large corporations to startups and academic institutions, leading to increased investments and collaborations.


Limited on-orbit serviceability

Limited on-orbit serviceability reduces the lifespan and reliability of missions, as any malfunction or degradation in performance cannot be addressed, leading to potential mission failures. Consequently, it also stifles innovation in long-term missions, where on-orbit servicing could enhance mission capabilities and extend operational periods. The lack of serviceability also impacts the attractiveness of CubeSats for commercial and scientific missions that require sustained and reliable data collection. Furthermore, this constraint discourages the deployment of high-value or complex payloads on CubeSats, as the risk of irreparable failure is high.

Covid-19 Impact

The COVID-19 pandemic disrupted the CubeSat market by causing delays in manufacturing, supply chain issues, and postponed launches. Many space missions faced setbacks due to lockdowns and restrictions, impacting production timelines and increasing costs. However, the pandemic also highlighted the importance of satellite technology for communication, remote sensing, and environmental monitoring. This recognition spurred renewed interest and investment in CubeSat technologies, accelerating innovation and development post-pandemic.

The electrical power system (EPS) segment is expected to be the largest during the forecast period

The electrical power system (EPS) is expected to be the largest during the forecast period because efficient electrical power system are crucial for ensuring the reliability and longevity of CubeSat missions, as they power all onboard systems, including communication, propulsion, and scientific instruments. Advances in electrical power system technology, such as improved solar panels, batteries, and power management systems, enhance the operational capabilities of CubeSats, allowing for more complex and longer-duration missions. This reliability attracts more investment and interest from commercial entities, academic institutions, and governmental agencies, thereby expanding the market.

The communication segment is expected to have the highest CAGR during the forecast period

The communication segment is expected to have the highest CAGR during the forecast period owing to advanced communication technologies, including high-frequency radio transmitters, laser communication, and miniaturized antennas, enhance the data transfer rates and reliability of CubeSat missions. These improvements enable CubeSats to support more complex applications, such as high-resolution Earth observation, real-time environmental monitoring, and inter-satellite communications, thereby expanding their utility and attractiveness to a broader range of users.

Region with largest share:

North America is projected to hold the largest market share during the forecast period as cubesats offer a cost-effective alternative to traditional satellites, making them ideal for a wider range of applications, including Earth observation, scientific research, and communication. Moreover governments and militaries in North America are increasingly recognizing the potential of CubeSats for various applications, such as border surveillance, communication relay, and intelligence gathering. This is leading to increased investment in CubeSat development and launch programs.

Region with highest CAGR:

Asia Pacific is projected to hold the highest CAGR over the forecast period due to advancements in miniaturization and electronics are enabling the development of more powerful and capable CubeSats. This is making them even more attractive for a wider range of missions. However unlike larger satellites, CubeSats are typically designed for deployment and operation without repair or maintenance. This can limit their mission lifetime and make them less suitable for critical applications.

Key players in the market

Some of the key players in Cubesat market include AAC Clyde Space, Axelspace Corporation, CU Aerospace, Dauria Aerospace, EnduroSat, GomSpace, Innovative Solutions In Space B.V., Kepler Communications, L3Harris Technologies Inc, NanoAvionics, Planet Labs Inc., Pumpkin Space Systems, Satellogic, Space Inventor, Spire Global Inc., Surrey Satellite Technology Limited and Tyvak Nano-Satellite Systems Inc.

Key Developments:

In June 2024, L3harris and Accenture collaborate to accelerate technology reinvention for growth. The initiative, part of L3Harris’ LHX NeXt transformation, is centered around building a strong digital core and establishing new ways of working that will help optimize operations and enable future growth.

In June 2024, L3harris delivers enhanced airborne isr capability to canada. The aircraft, modified at L3Harris’ Greenville, Texas aircraft integration center, were delivered as part of the Canadian manned airborne ISR (MAISR) project.

In June 2024, Rocket Lab launched a NanoAvionics satellite bus carrying NASA’s solar sail system aboard. The satellite was launched onboard Electron 47 Light from a launch site in Mahia, New Zealand, opens on 24 April 2024 10:32 (NZT).

Sizes Covered:
• 1U (10x10x10 cm)
• 2U (20x10x10 cm)
• 3U (30x10x10 cm)
• 6U (20x10x34 cm)
• 12U (20x20x34 cm)
• Other Sizes

Components Covered:
• Electrical Power System (EPS) 
• Command & Data Handling (C&DH) 
• Payload 
• Propulsion Systems 
• Attitude Determination & Control System (ADCS) 
• Other Components 

Applications Covered:
• Science & Technology
• Earth Observation & Remote Sensing
• Communication
• Defense & Intelligence
• Navigation & Mapping
• Other Applications

End Users Covered:
• Commercial 
• Academic & Research Institutions 
• Utilities & Infrastructure 
• Healthcare & Life Sciences 
• Other End Users 

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan        
o China        
o India        
o Australia  
o New Zealand
o South Korea
o Rest of Asia Pacific    
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa 
o Saudi Arabia
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings: 
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary        
2 Preface         
 2.1 Abstract        
 2.2 Stake Holders       
 2.3 Research Scope       
 2.4 Research Methodology      
  2.4.1 Data Mining      
  2.4.2 Data Analysis      
  2.4.3 Data Validation      
  2.4.4 Research Approach      
 2.5 Research Sources       
  2.5.1 Primary Research Sources     
  2.5.2 Secondary Research Sources     
  2.5.3 Assumptions      
3 Market Trend Analysis       
 3.1 Introduction       
 3.2 Drivers        
 3.3 Restraints       
 3.4 Opportunities       
 3.5 Threats        
 3.6 Application Analysis      
 3.7 End User Analysis       
 3.8 Emerging Markets       
 3.9 Impact of Covid-19       
4 Porters Five Force Analysis       
 4.1 Bargaining power of suppliers      
 4.2 Bargaining power of buyers      
 4.3 Threat of substitutes      
 4.4 Threat of new entrants      
 4.5 Competitive rivalry       
5 Global Cubesat Market, By Size      
 5.1 Introduction       
 5.2 1U (10x10x10 cm)       
 5.3 2U (20x10x10 cm)       
 5.4 3U (30x10x10 cm)       
 5.5 6U (20x10x34 cm)       
 5.6 12U (20x20x34 cm)       
 5.7 Other Sizes       
6 Global Cubesat Market, By Component      
 6.1 Introduction       
 6.2 Electrical Power System (EPS)      
 6.3 Command & Data Handling (C&DH)     
 6.4 Payload        
 6.5 Propulsion Systems       
 6.6 Attitude Determination & Control System (ADCS)    
 6.7 Other Components       
7 Global Cubesat Market, By Application      
 7.1 Introduction       
 7.2 Science & Technology      
 7.3 Earth Observation & Remote Sensing     
 7.4 Communication       
 7.5 Defense & Intelligence      
 7.6 Navigation & Mapping      
 7.7 Other Applications       
8 Global Cubesat Market, By End User      
 8.1 Introduction       
 8.2 Commercial       
 8.3 Academic & Research Institutions     
 8.4 Utilities & Infrastructure      
 8.5 Healthcare & Life Sciences      
 8.6 Other End Users       
9 Global Cubesat Market, By Geography      
 9.1 Introduction       
 9.2 North America       
  9.2.1 US       
  9.2.2 Canada       
  9.2.3 Mexico       
 9.3 Europe        
  9.3.1 Germany       
  9.3.2 UK       
  9.3.3 Italy       
  9.3.4 France       
  9.3.5 Spain       
  9.3.6 Rest of Europe      
 9.4 Asia Pacific       
  9.4.1 Japan       
  9.4.2 China       
  9.4.3 India       
  9.4.4 Australia       
  9.4.5 New Zealand      
  9.4.6 South Korea      
  9.4.7 Rest of Asia Pacific      
 9.5 South America       
  9.5.1 Argentina      
  9.5.2 Brazil       
  9.5.3 Chile       
  9.5.4 Rest of South America     
 9.6 Middle East & Africa      
  9.6.1 Saudi Arabia      
  9.6.2 UAE       
  9.6.3 Qatar       
  9.6.4 South Africa      
  9.6.5 Rest of Middle East & Africa     
10 Key Developments        
 10.1 Agreements, Partnerships, Collaborations and Joint Ventures   
 10.2 Acquisitions & Mergers      
 10.3 New Product Launch      
 10.4 Expansions       
 10.5 Other Key Strategies      
11 Company Profiling        
 11.1 AAC Clyde Space       
 11.2 Axelspace Corporation      
 11.3 CU Aerospace       
 11.4 Dauria Aerospace       
 11.5 EnduroSat       
 11.6 GomSpace       
 11.7 Innovative Solutions In Space B.V.     
 11.8 Kepler Communications      
 11.9 L3Harris Technologies Inc      
 11.10 NanoAvionics       
 11.11 Planet Labs Inc.       
 11.12 Pumpkin Space Systems      
 11.13 Satellogic       
 11.14 Space Inventor       
 11.15 Spire Global Inc.       
 11.16 Surrey Satellite Technology Limited     
 11.17 Tyvak Nano-Satellite Systems Inc.     
List of Tables         
1 Global Cubesat Market Outlook, By Region (2022-2030) ($MN)    
2 Global Cubesat Market Outlook, By Size (2022-2030) ($MN)    
3 Global Cubesat Market Outlook, By 1U (10x10x10 cm) (2022-2030) ($MN)   
4 Global Cubesat Market Outlook, By 2U (20x10x10 cm) (2022-2030) ($MN)   
5 Global Cubesat Market Outlook, By 3U (30x10x10 cm) (2022-2030) ($MN)   
6 Global Cubesat Market Outlook, By 6U (20x10x34 cm) (2022-2030) ($MN)   
7 Global Cubesat Market Outlook, By 12U (20x20x34 cm) (2022-2030) ($MN)  
8 Global Cubesat Market Outlook, By Other Sizes (2022-2030) ($MN)   
9 Global Cubesat Market Outlook, By Component (2022-2030) ($MN)   
10 Global Cubesat Market Outlook, By Electrical Power System (EPS) (2022-2030) ($MN) 
11 Global Cubesat Market Outlook, By Command & Data Handling (C&DH) (2022-2030) ($MN) 
12 Global Cubesat Market Outlook, By Payload (2022-2030) ($MN)   
13 Global Cubesat Market Outlook, By Propulsion Systems (2022-2030) ($MN)  
14 Global Cubesat Market Outlook, By Attitude Determination & Control System (ADCS) (2022-2030) ($MN)
15 Global Cubesat Market Outlook, By Other Components (2022-2030) ($MN)  
16 Global Cubesat Market Outlook, By Application (2022-2030) ($MN)   
17 Global Cubesat Market Outlook, By Science & Technology (2022-2030) ($MN)  
18 Global Cubesat Market Outlook, By Earth Observation & Remote Sensing (2022-2030) ($MN) 
19 Global Cubesat Market Outlook, By Communication (2022-2030) ($MN)   
20 Global Cubesat Market Outlook, By Defense & Intelligence (2022-2030) ($MN)  
21 Global Cubesat Market Outlook, By Navigation & Mapping (2022-2030) ($MN)  
22 Global Cubesat Market Outlook, By Other Applications (2022-2030) ($MN)  
23 Global Cubesat Market Outlook, By End User (2022-2030) ($MN)   
24 Global Cubesat Market Outlook, By Commercial (2022-2030) ($MN)   
25 Global Cubesat Market Outlook, By Academic & Research Institutions (2022-2030) ($MN) 
26 Global Cubesat Market Outlook, By Utilities & Infrastructure (2022-2030) ($MN)  
27 Global Cubesat Market Outlook, By Healthcare & Life Sciences (2022-2030) ($MN)  
28 Global Cubesat Market Outlook, By Other End Users (2022-2030) ($MN)   
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.

List of Figures


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.

Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.

For more details about research methodology, kindly write to us at

Frequently Asked Questions

In case of any queries regarding this report, you can contact the customer service by filing the “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: or phone: +1-301-202-5929

Yes, the samples are available for all the published reports. You can request them by filling the “Request Sample” option available in this page.

Yes, you can request a sample with your specific requirements. All the customized samples will be provided as per the requirement with the real data masked.

All our reports are available in Digital PDF format. In case if you require them in any other formats, such as PPT, Excel etc you can submit a request through “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: or phone: +1-301-202-5929

We offer a free 15% customization with every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at or call us on +1-301-202-5929.

We have 3 different licensing options available in electronic format.

  • Single User Licence: Allows one person, typically the buyer, to have access to the ordered product. The ordered product cannot be distributed to anyone else.
  • 2-5 User Licence: Allows the ordered product to be shared among a maximum of 5 people within your organisation.
  • Corporate License: Allows the product to be shared among all employees of your organisation regardless of their geographical location.

All our reports are typically be emailed to you as an attachment.

To order any available report you need to register on our website. The payment can be made either through CCAvenue or PayPal payments gateways which accept all international cards.

We extend our support to 6 months post sale. A post sale customization is also provided to cover your unmet needs in the report.

Request Customization

We provide a free 15% customization on every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at or call us on +1-301-202-5929.

Note: This customization is absolutely free until it falls under the 15% bracket. If your requirement exceeds this a feasibility check will be performed. Post that, a quote will be provided along with the timelines.


Assured Quality

Assured Quality

Best in class reports with high standard of research integrity

24X7 Research Support

24X7 Research Support

Continuous support to ensure the best customer experience.

Free Customization

Free Customization

Adding more values to your product of interest.

Safe and Secure Access

Safe & Secure Access

Providing a secured environment for all online transactions.

Trusted by 600+ Brands

Trusted by 600+ Brands

Serving the most reputed brands across the world.