Global CubeSat Market to Reach $1.2 Billion by 2030
The global market for CubeSat estimated at US$479.8 Million in the year 2023, is expected to reach US$1.2 Billion by 2030, growing at a CAGR of 14.4% over the analysis period 2023-2030. 0.25-1u Size CubeSat, one of the segments analyzed in the report, is expected to record a 15% CAGR and reach US$373.7 Million by the end of the analysis period. Growth in the 1-3u Size CubeSat segment is estimated at 15.5% CAGR for the next 7-year period.
The U.S. Market is Estimated at $147 Million, While China is Forecast to Grow at 13.5% CAGR
The CubeSat market in the U.S. is estimated at US$147 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$207.7 Million by the year 2030 trailing a CAGR of 13.5% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 16.4% and 15.4% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 12.9% CAGR.
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