The Journal of Space Commerce

The Journal of Space Commerce

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The Journal of Space Commerce
The Journal of Space Commerce
CubeSat Market to Reach $1.6 Billion in Eight Years: Report

CubeSat Market to Reach $1.6 Billion in Eight Years: Report

Annual Growth Forecast is Projected to be More Than 15 Percent

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Tom Patton
Jul 11, 2025
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The Journal of Space Commerce
The Journal of Space Commerce
CubeSat Market to Reach $1.6 Billion in Eight Years: Report
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The global CubeSat market size was estimated at $426.6 million in 2024, and is projected to reach $1.65 billion by 2033, growing at a CAGR of 15.6% from 2025 to 2033. According to a new report from Grand View Research, the market growth is primarily driven by the increasing demand for low-cost satellite missions, rising adoption of CubeSats for Earth ob…

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