From GlobeNewswire: 2024-08-03 07:00:00

The Global CubeSat Market is projected to grow from USD 353.83 million in 2023 to USD 1682.39 million by 2033, with a CAGR of 16.87%. CubeSats are small, cube-shaped satellites used for various purposes in space. The 3U to 6U segment is expected to dominate the market, especially in North America and Europe. The market is driven by increased demand for earth observation and traffic monitoring applications, with significant growth in the commercial sector. North America is expected to hold the largest market share, with Europe projected to have the fastest CAGR growth in the CubeSat market. Key players in the market include AAC Clyde Space, CU Aerospace, GomSpace, and Rapidtek Technologies Inc. Taiwanese company Rapidtek Technologies Inc. recently entered the CubeSat market by opening a new R&D facility. The CubeSat market is segmented by size, application, end user, and region, providing a comprehensive forecast from 2020 to 2033 for global, regional, and country levels. The market is analyzed based on industry trends, regional developments, and competitive landscape.



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