Cubesat Market

By Size;

0.25U to 1U, 1 to 3U, 3U to 6U, 6U to 12U, and 12U & Above

By Subsystem;

Payloads, Structures, Electrical Power Systems, Command and Data Handling, Propulsion Systems, Attitude Determination and Control Systems, and Others

By Application;

Earth Observation & Traffic Monitoring, Space Observation, Communication, and Science, Technology, & Education

By End User;

Commercial, Government & Military, and Non-Profit Organizations

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn666766822 Published Date: August, 2025 Updated Date: September, 2025

Cubesat Market Overview

Cubesat Market (USD Million)

Cubesat Market was valued at USD 438.02 million in the year 2024. The size of this market is expected to increase to USD 1,587.54 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 20.2%.


Cubesat Market

*Market size in USD million

CAGR 20.2 %


Study Period2025 - 2031
Base Year2024
CAGR (%)20.2 %
Market Size (2024)USD 438.02 Million
Market Size (2031)USD 1,587.54 Million
Market ConcentrationLow
Report Pages347
438.02
2024
1,587.54
2031

Major Players

  • Planet Labs Inc
  • GomSpace
  • AAC Clyde Space
  • Endurosat
  • Space Inventor
  • Pumpkin Space Systems
  • Innovative solutions In Space B.V.

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Cubesat Market

Fragmented - Highly competitive market without dominant players


The Cubesat Market is witnessing rapid expansion as organizations increasingly prioritize compact, cost-efficient, and multifunctional satellite solutions. These satellites are widely applied in communication, defense, research, and Earth monitoring. Currently, small-satellite categories account for nearly 45% of satellite launches, with Cubesats representing a significant share due to their affordability and versatility.

Technological Progress
Continuous advancements in propulsion, payload, and onboard computing systems are elevating Cubesat capabilities. Approximately 35% of recently deployed Cubesats feature advanced propulsion for extended missions, while nearly 40% carry high-resolution imaging sensors. These upgrades allow Cubesats to address broader needs, from environmental monitoring to advanced communication services.

Expanding Use Cases
The growing application of Cubesats across remote sensing, communications, and scientific exploration is driving adoption. Nearly 50% are dedicated to Earth observation tasks, while about 30% contribute to communication networks. Industries ranging from agriculture to disaster response are leveraging Cubesat-enabled insights, making them an indispensable tool for data-driven decision-making.

Affordability and Wider Adoption
A primary factor behind Cubesat growth is their low-cost structure compared to conventional satellites. By reducing expenses by almost 60%, these satellites open opportunities for smaller enterprises and research bodies. Standardization and shared launches support affordability, with around 55% of missions depending on cost-efficient ride-share services. This accessibility is reshaping the global space ecosystem.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Size
    2. Market Snapshot, By Subsystem
    3. Market Snapshot, By Application
    4. Market Snapshot, By End User
    5. Market Snapshot, By Geography
  4. Cubesat Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Rapid Advancements in Technology
        2. Cost-Effectiveness
        3. Miniaturization of Components
        4. Advancements in Launch Technology
      2. Restraints
        1. Regulatory Challenges
        2. Space Debris and Collision Risks
        3. Technological Limitations
        4. Limited Launch Opportunities
      3. Opportunities
        1. Emerging Markets and Applications
        2. Partnerships and Collaborations
        3. Education and Outreach Initiatives
        4. Rideshare and Secondary Payload Opportunities
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Cubesat Market, By Size, 2021 - 2031 (USD Million)

      1. 0.25U to 1U, 1 to 3U, 3U to 6U, 6U to 12U, and 12U & Above

    2. Cubesat Market, By Subsystem, 2021 - 2031 (USD Million)

      1. Payloads

      2. Structures

      3. Electrical Power Systems

      4. Command & Data Handling

      5. Propulsion Systems

      6. Attitude Determination & Control Systems

      7. Others

    3. Cubesat Market, By Application, 2021 - 2031 (USD Million)
      1. Earth Observation & Traffic Monitoring
      2. Space Observation
      3. Communication
      4. Science,Technology & Education
    4. Cubesat Market, By End User, 2021 - 2031 (USD Million)
      1. Commercial
      2. Government & Military
      3. Non-Profit Organizations
    5. Cubesat Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Planet Labs Inc
      2. GomSpace
      3. AAC Clyde Space
      4. Endurosat
      5. Space Inventor
      6. Pumpkin Space Systems
      7. Innovative solutions In Space B.V.
  7. Analyst Views
  8. Future Outlook of the Market