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CubeSat Market to Reach $870.7 Million, Globally, By 2032 at 16.2% CAGR: Allied Market Research

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PORTLAND, Ore., July 3, 2024 /PRNewswire/ — The global cubeSat market is driven by factors such as rise in demand for commercial applications and increase in investments by governing agencies.

Allied Market Research published a report, titled, “CubeSat Market by Size (0.25U to 1U, 1 to 3U, 3U to 6U, 6U to 12U, and 12U and Above), Application (Earth Observation and Traffic Monitoring, Science Technology and Education, Space Observation, Communication, and Others), End User (Government and Military, Commercial, and Non-profit Organizations), and Subsystem (Payloads, Structures, Electrical Power Systems, Command and Data Handling, Propulsion Systems, Attitude Determination and Control Systems, and Others): Global Opportunity Analysis and Industry Forecast, 2023-2032″. According to the report, the CubeSat market was valued at $205 million in 2022, and is estimated to reach $870.7 million by 2032, growing at a CAGR of 16.2% from 2023 to 2032.

Prime determinants of growth

The global CubeSat market is driven by factors such as owing to rise in demand for Cubesats from several commercial applications. Shift in solar energy to cut carbon emissions creates lucrative growth opportunities for the market. However, competing energy sources are projected to hinder the market growth during the forecast period.

Request Sample of the Report on CubeSat Market Forecast 2032: https://www.alliedmarketresearch.com/request-sample/A09399

Report Coverage & Details:

Report Coverage 

Details 

Forecast Period

2022–2033

Base Year

2023

Market Size In 2022

$205 Million

Market Size In 2032

$870.7 Million

CAGR

16.2 %

No. Of Pages In Report

324

Segments Covered

Size, Application, End User, Subsystem, And Region.

Drivers 

Rise In Demand For Cubesats From Several Commercial Applications 

Opportunities

Shift In Solar Energy To Cut Carbon Emissions

Restraints

Competing Energy Sources 

Procure Complete Report (324 Pages PDF with Insights, Charts, Tables, and Figures)
https://www.alliedmarketresearch.com/checkout-final/cubesat-market-A09399

The 1U to 3U segment to maintain its leadership status throughout the forecast period.

Based on size, the 1U to 3U segment held the highest market share in 2022, accounting for more than half of the global CubeSat market revenue and is estimated to maintain its leadership status during the forecast period.

Numerous 3U CubeSats have been launched since 2003 owing to the added advantages of 3U over smaller and even larger CubeSats. In 2020, Spire and Planet Labs launched several 3U CubeSats for Earth Observation and GPS radio occultation weather data missions.

The earth observation and traffic monitoring segment to maintain its leadership status throughout the forecast period

Based on application, the earth observation and traffic monitoring segment held the highest market share in 2022, accounting for slightly more than half of the global CubeSat market and is estimated to maintain its leadership status during the forecast period. However, the science technology and education segment are projected to manifest the highest CAGR of 16.82% from 2023 to 2033. Moreover, CubeSats have been launched in the space aimed at Earth observation purposes. For instance, Planet Labs Inc. launched Flock-4e’1 to Flock-4e’9, constellations in 2020. Several constellations intended for optical Earth observation and related services have been launched in the past years, such as, Hera-1 by Hera Systems (2019), Tianyan-02 by ADA Space (2019), and NAPA-1 by Royal Thai Air Force (2020), among many others.

The commercial segment to maintain its leadership status throughout the forecast period

Based on end user, the commercial segment held the highest market share in 2023, accounting for half of the global CubeSat market and is estimated to maintain its leadership status during the forecast period.

The adoption of CubeSats in the commercial sector has augmented significantly over the past years, due to the reduction of heavy satellite components, standardization of satellite parts, and reduced costs. In this sector, small satellites are used in agriculture, forestry, energy, media & entertainment, civil engineering, and archaeology. 

The payloads segment to maintain its leadership status throughout the forecast period

Based on subsystem, the payloads segment held the highest market share in 2023, accounting for more than one-third of the global CubeSat market and is estimated to maintain its leadership status during the forecast period.

CubeSat payloads are crucial for the missions in space. Payloads allow the CubeSats to accomplish the mission for which they are designed. Some examples include high resolution cameras, SDR (Software Defined Radio) platform, or the device or electronic component to be tested, among others.

North America to maintain its dominance by 2033

Based on region, North America held the highest market share in terms of revenue in 2022, accounting for more than half of the global market revenue and is likely to dominate the market during the forecast period. Rise in concern for satellite-based surveillance offers lucrative growth opportunities for the market growth in North America. For instance, in October 2020, TriSept Corp. announced a launch services contract with the Space and Missile Defense Command (SMDC) of the U.S. Army.

To Talk With Our Industry Expert @ https://www.alliedmarketresearch.com/connect-to-analyst/A09399

Leading Market Players: –

Planet Labs Inc.GomSpaceAAC Clyde SpaceEndurosatTyvak Nano-Satellite Systems, Inc.Surrey Satellite Technology LimitedInnovative Solutions in Space B.V.Space InventorPumpkin Space SystemsCU Aerospace, L.L.C

The report provides a detailed analysis of these key players in the global CubeSat market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.

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About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:
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SOURCE Allied Market Research

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SINBON Expands Focus at EuroBike 2025 with New E-bike Fleet Management and Cargo Mobility Solutions

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FRANKFURT, Germany and TAIPEI, May 15, 2025 /PRNewswire/ —  SINBON Electronics Co., Ltd. (TWSE#:3023), a leading electronics system integrator, is announcing its new fleet management platform and high-powered 750W fat tire e-bike system prototype ahead of EuroBike 2025. Under the theme “You ride it, we connect it”, SINBON will attend the global cycling and ecomobility trade show for the third consecutive year to showcase its cutting-edge innovations in smart mobility and connectivity.

Please join SINBON in Hall 8, Booth J32 at EuroBike 2025 (June 25–29, Frankfurt, Germany).

On display: You ride it, we connect it

At this year’s event, SINBON will focus on four key areas aimed at moving the industry forward:

Connect to Journeys – New Fleet Management SolutionThe solution is a seamless integration of modular software and e-bike hardware, empowering fleet operators with real-time tracking, diagnostics, rental management, and backend systems.Originally designed for a regional e-bike mobility service, this solution also supports traditional bikes and light EVs, and its scalability can match fleet sizes from compact local fleets to broader multi-region operations.The solution offers modular flexibility, with the platform and fleet also available separately based on needs. This allows SINBON to optimize system configuration, enhance data flow, and meet compliance needs while customizing solutions to each business’ specific requirements.Connect to Power – Fat Tire E-bike SystemSINBON is demoing a prototype of its powerful 750W fat tire e-bike system, delivering top performance for off-road adventures and cargo transport across terrains.With SINBON creating the high-powered drivetrain and handling the integration of the bike’s electronic systems, this model demonstrates how the company works closely with bike manufacturers to deliver maximum performance and connected rider experiences.Connect to Cloud – Full-Stack Software SolutionsSINBON offers full-stack software from the factory to the end user, including:User app for personalized settings and tracking ride dataProviding real-time, wireless maintenance, the maintenance app now can perform diagnostics fully wirelessly without a physical dongle bridge, reducing maintenance costs for dealers while improving efficiency and convenience of service.Platform for real-time component verification during bike assemblyInterconnect – Smart Manufacturing & ConnectivitySINBON embraces smart manufacturing by using advanced production models, such as automated production lines, autonomous warehouse robots, and real-time monitoring for streamlined productivity with consistent quality.The company’s system integration expertise interlinks hardware, software, mobile applications, and the cloud to enable advanced IoT features such as GPS tracking for anti-theft and ride history, real-time data transmission via cellular networks, and over-the-air (OTA) system updates.

A strong presence in Europe

As a leading provider of electronic system integration, SINBON supports its growing European customer base through its manufacturing facility and logistics hub in Tatabánya, Hungary (3,800 m²). The company also maintains a direct sales presence in the UK and Germany, with additional coverage provided by local representatives and distributors across Europe.

Visit SINBON at Hall 8, Booth J32 at EuroBike to see these breakthroughs in action!

About SINBON Electronics

Established in 1989 in Taiwan, SINBON Electronics is a leading provider of integrated design and production services for bespoke interconnect solutions. Driven by a commitment to customer centricity and the principles of ESG, the company offers a wide range of products and OEM/ODM services that ensure reliability and efficiency, combining extensive engineering expertise, industry knowledge, and leading innovations to customize solutions for long-term customer success. SINBON has a global footprint, with operations in Taiwan, China, Japan, the United Kingdom, Germany, Hungary, and the United States.

For more information: https://www.sinbon.com/e-bike

https://www.linkedin.com/company/sinbon-electronics/

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Mastercard Economics Institute on Travel in 2025: Asia-Pacific leads trending summer destinations for second year running

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Tokyo and Osaka top the list of summer hot spots while Nha Trang makes its debutCurrency fluctuations are a key consideration for travelers

SINGAPORE, May 15, 2025 /PRNewswire/ — Asia-Pacific is home to eight of the world’s top 15 trending summer travel destinations, according to Travel trends 2025, the annual Mastercard Economics Institute (MEI) report on consumer spending in the travel economy. While exchange rates and geopolitical dynamics can influence behavior, the report highlights that passions and purpose-driven motivations remain strong drivers shaping the travel industry. Drawing on a unique analysis of aggregated and anonymized transaction data and third-party data sources, the report uncovers what is shaping travel choices today. Highlights from the Asia-Pacific region include:  

Japan leads the pack—with Vietnam’s Nha Trang rising fast:

Tokyo and Osaka are the world’s #1 and #2 top trending destinations for summer travel (June-September 2025), with the two largest increases in tourism demand relative to previous levels[1].

In 2024, Japan’s capital city climbed from the number two spot that it held in 2023 to lead global travel demand heading into the peak summer season, reflecting its continued appeal. Meanwhile, Nha Trang in Vietnam made a surprise entry into the list, climbing in popularity thanks to its beautiful beaches, enviable coastline and vibrant nightlife.  

China and India—still Asia’s travel titans: The Chinese Mainland retained its position as the world’s largest outbound travel market in 2024. Chinese travelers are increasingly prioritizing value and visa-friendly destinations including Japan, Malaysia, and Singapore. Interest in Central Asian destinations such as Kazakhstan, Uzbekistan, and Kyrgyzstan is also increasing.

India again posted the country’s highest number of outbound travelers on record in 2024. Indian tourists are exploring a broad mix of destinations—the top three being Abu Dhabi, Hanoi, and Bali—with growth supported by expanded direct flight connections and a rapidly growing middle class that is eager to travel. Together, the two markets continue to play an outsized role in shaping global travel flows.

Experiences over itineraries: Across Asia-Pacific, travelers are prioritizing dining, nature, and wellness as key motivators for travel, seeking meaningful moments over traditional sightseeing. Destinations like Gianyar in Bali, Indonesia, known for its iconic Babi Guling spit-roasted pork, and Queenstown in New Zealand—where restaurants welcomed tourists from 44 countries in 2024—are standing out as globalized culinary hotspots. According to MEI’s Wellness Trend Index[2] (WTI), Thailand is among the destinations leading the way in relaxation experiences and self-care, where visitors can reconnect with nature in immersive eco lodges or find calm in meditation retreats. At the same time, the rising WTI score for New Zealand suggests a growing effort to be part of this popular movement. Overall, the trend toward purpose-driven travel reflects people’s broader desire for experiences that nourish both body and spirit.

Sports fandom fuels travel: The rise of sports tourism continues, with major events like the Australian Open tennis tournament and Baseball World Series in Los Angeles drawing significant international spend. Shohei Ohtani’s World Series debut saw spending by Japanese visitors surge by 91%, six times the broader cross-border boost, highlighting how sporting events are proving to be powerful travel catalysts for fans.

David Mann, chief economist, Asia Pacific, Mastercard, said: “The Asia-Pacific region continues to set the pace for global travel, with buzzing destinations like Tokyo, Shanghai, Seoul, and Singapore capturing the imagination of travelers around the world. Even as economic uncertainty persists, travel remains a bright spot—driven by people seeking meaningful, value-driven experiences. From exchange rates to regional accessibility, travelers are making smarter, more intentional choices about where they go and why, with a clear shift toward more personal, purposeful journeys.”

Travelers from Asia-Pacific tend to be more sensitive to exchange rate shifts. A weaker yen throughout much of 2024 played a significant role in boosting Japan’s inbound tourism, making the country a compelling destination for visitors in search of value. Notably, a 1% depreciation of the JPY against the RMB is associated with a 1.5% increase in tourists from the Chinese Mainland. However, visitors from New Zealand and the U.S. rose only around 0.2% in response to the same degree of depreciation relative to their currencies. In 2024, the number of Singaporean visitors to Japan hit record highs — thanks to a 40% rise in the Singapore Dollar (SGD) vs. Japanese Yen (JPY), even as airfare and hotels got pricier.

Turning to the U.S., MEI’s analysis shows that tourists from India, Singapore, South Korea, and Taiwan are particularly sensitive to exchange rate fluctuations, after accounting for other factors. Specifically, a 1% depreciation of the United States Dollar (USD) against their local currencies corresponds to an approximate 0.6–0.8% increase in the number of tourists traveling to the U.S. These findings, consistent with our earlier analysis of tourism to Japan, suggest that these travelers are more responsive to exchange rate movements when selecting outbound destinations.

The shifting sands of business travel: Corporates today are limiting global travel in favor of regional trips. And while people are taking fewer business trips overall, the average duration is longer, suggesting efforts to stretch travel budgets. For example, U.S.-based travelers’ trips to Asia-Pacific increased from 8.8 days[3] to 10.2 days[4]. 

Travel fraud demands a safer, smarter travel ecosystem. According to MEI, fraud in popular tourist destinations spikes up to 28% during peak seasons. Common scams include inflated charges in restaurants and taxis, fake tour companies, and fraudulent property listings. To combat these, Mastercard employs advanced fraud prevention technologies, including digital wallets and AI-driven systems, to protect travelers. This ensures that travelers can focus on their journeys without worrying about security threats.

“This report is designed to offer a clearer view of how consumer behaviors are evolving—and what that means for tourism growth,” added Mann. “By turning data into actionable insights, the Mastercard Economics Institute aims to support the travel ecosystem in making smarter decisions that drive stronger tourism strategies, better traveler experiences, and more resilient economic outcomes.”

View the “Travel Trends 2025: Purpose-driven journeys” report here and other insights from MEI, here.

About the Mastercard Economics Institute

The Mastercard Economics Institute provides insights into global and local economic trends using advanced analytics and Mastercard’s proprietary data assets. Established in 2020, MEI supports businesses, governments, and policymakers with economic monitoring services and timely analysis on economic themes including consumer spending, retail and travel trends, and other local and global barometers of economic performance. MEI offers valuable perspectives to inform decision-making and promote sustainable growth worldwide through our thought leadership series, and through Mastercard’s specialized product offerings

About Mastercard

Mastercard powers economies and empowers people in 200+ countries and territories worldwide. Together with our customers, we’re building a resilient economy where everyone can prosper. We support a wide range of digital payments choices, making transactions secure, simple, smart and accessible. Our technology and innovation, partnerships and networks combine to deliver a unique set of products and services that help people, businesses and governments realize their greatest potential.
www.mastercard.com 

[1] OAG flight booking data for travel bookings Jan-Mar 2025

[2] WTI is calculated using the share of cross-border accommodation spending at wellness-related merchants, multiplied by each country’s share of global wellness-related accommodation transaction

[3] Feb 2019-Feb 2020

[4] Mar 2024-Mar 2025

 

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SOURCE Mastercard

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Clarivate Report Reveals Top Trademark Portfolios

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Procter & Gamble, Nestlé, Apple, L’Oréal, Novartis, LG Electronics and Unilever among the largest portfolio owners in most registers

LONDON, May 15, 2025 /PRNewswire/ — Clarivate Plc (NYSE:CLVT), a leading global provider of transformative intelligence, today released the Trademark filing trends 2025 report, analyzing ten key trademark registers worldwide: the United States (U.S.), Canada, the United Kingdom (U.K.), the European Union (EU), France, Germany, India, Mainland China, Japan, and Australia. The report reveals the top 20 largest local and foreign-based trademark portfolios in each region and the law firms managing the largest trademark portfolios.

Based on data from SAEGIS, a CompuMark trademark database containing over 150 million records, the report shows Mainland China continues to lead in global trademark filings with 6.76 million applications in 2024, despite a steady three-year decline in activity. The U.S. claims second place with 566,938 applications. India is rapidly closing in on the U.S. with over 537,000 applications in 2024 and an average yearly growth of 10% over the last decade.

Gordon Samson, President, Intellectual Property, Clarivate, said: “In an increasingly volatile market for new and existing brands, trademark attorneys need to be acutely aware of macro-trends in local jurisdictions and the subtle economic interplay between states and major hubs of trademark activity. By integrating the insights outlined in the report into trademark and business strategies, brands and their representatives can develop a more informed approach to managing their IP. This not only helps in mitigating risks associated with trademark infringement but also enhances the ability to capitalize on emerging opportunities.”

Other key findings from the 2024 trademark filing data include:

Seven brands consistently ranked in the top 20 largest portfolio lists. Procter & Gamble, Nestlé, Apple, L’Oréal, Novartis, LG Electronics and Unilever were each among the largest portfolio owners in at least seven of the ten registers analyzed.Three jurisdictions face three years of consistent decline. France, Mainland China and Japan experienced a steady decrease in trademark filing activity in 2022, 2023 and 2024. All three jurisdictions ended 2024 with the lowest filing volume since 2017.Mainland China continues to dominate global trademark filings, underscoring its economic growth and expanding global brand presence.Australia recovers to 2021 trademark filing volume, primarily due to a 24% increase in trademark applications by foreign based brand owners in 2024.

To learn more, please visit our Trademark filing trends 2025 site.

About Clarivate
Clarivate is a leading global provider of transformative intelligence. We offer enriched data, insights & analytics, workflow solutions and expert services in the areas of Academia & Government, Intellectual Property and Life Sciences & Healthcare. For more information, please visit www.clarivate.com 

Media contact:
Sofia Nogués, Sr. External Communications Manager
newsroom@clarivate.com 

 

SOURCE Clarivate Plc

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