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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.

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SOURCE Allied Market Research

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SiriusXM Media Becomes Exclusive Audio Advertising Representative for YouTube in the United States

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YouTube, Home of The World’s Number One Podcast Platform and a Leading Music Service, Chooses Audio Ad Powerhouse SiriusXM Media as Its Exclusive Audio Sales Representative in the U.S.

New Deal Cements SiriusXM’s Leadership In Powering The Largest Ad-Supported Audio Ecosystem And Gives Brands Exclusive Access To YouTube’s Audio-First Inventory

NEW YORK, April 22, 2026 /PRNewswire/ — SiriusXM (NASDAQ: SIRI) today announced a new audio advertising partnership with Google that connects YouTube to one of the largest audio advertising platforms in North America. The agreement makes SiriusXM Media, the advertising group representing SiriusXM, Pandora, and expansive Streaming and Podcast Networks, the exclusive advertising representative of YouTube audio advertising inventory in the U.S. This will provide advertisers access to guaranteed impressions at scale for the first time, backed by similar sophisticated targeting and measurement as YouTube’s ecosystem.

“Audio is one of the most powerful mediums for listeners, creators, and advertisers alike, and at SiriusXM Media, we’re proud to be at the forefront helping brands harness that impact at scale,” said Scott Walker, SiriusXM’s Chief Advertising Revenue Officer. “By partnering with YouTube, a true leader in ad-supported content consumption, we’re uniting our unique skillset with their audience, creating an unparalleled opportunity for marketers and creators to grow their businesses.”

“YouTube has become a primary destination for audio-first content, where fans engage with their favorite podcasts, music, and creators,” said Romana Pawar, Senior Director of Product, YouTube Ads. “By partnering with SiriusXM Media, we are making it easier than ever for advertisers to tap into these high-attention moments.”

YouTube audio ads reach listeners wherever they are across audio-first content and behaviors: immersed in podcasts, talk shows, and music. By meeting users in environments primed for listening and engagement, such as when YouTube content is playing on smart speakers, brands can tap into high-intent listening experiences across YouTube’s vast creator ecosystem. According to a study from SiriusXM Media and Edison Research, there are more than 212 million monthly listeners in the U.S.1 engaging in audio-first content or environments on YouTube.

Starting this fall, advertisers will be able to buy guaranteed audio ad impressions against YouTube’s high-value audiences at scale for the first time directly through SiriusXM Media—paired with an audio-first activation approach to extend reach and impact. Brands can now reach YouTube’s expansive, next-generation and highly engaged audience in the same place where they buy SiriusXM Media’s leading portfolio of ad-supported audio inventory, ensuring a seamless buying experience powered by AdsWizz Inc.’s ad tech platform. As audio continues to reach consumers as a constant companion throughout the day, from commuting to working hours, this deal gives brands an opportunity to reach a valuable audience that is further leaning into audio-first behaviors and content on YouTube in high-attention moments.

Powered by AdsWizz, SiriusXM Media now offers access to 255 million monthly listeners2—reaching nearly 90% of the U.S. population 13+—delivering expansive scale and incremental reach, best-in-class measurement and targeting capabilities, and premium brand-safe environments across every major audio touchpoint. The landmark partnership with YouTube highlights SiriusXM’s commitment to an open, partner-first audio advertising ecosystem, continuing to connect advertisers to premium audio content wherever audiences choose to listen.

For more information, please visit https://www.siriusxmmedia.com/advertise-on-youtube-audio.

About Sirius XM Holdings Inc.
SiriusXM is the leading audio entertainment company in North America with a portfolio of audio businesses including its flagship subscription entertainment service SiriusXM; the ad-supported and premium music streaming services of Pandora; an expansive podcast network; and a suite of business and advertising solutions. SiriusXM offers a broad range of content for listeners everywhere they tune in with a diverse mix of live, on-demand, and curated programming across music, talk, news, and sports. For more about SiriusXM, please go to: www.siriusxm.com.

Media Contacts:
Victoria Chow, victoria.chow@siriusxm.com
Erica Walsh, ericawalsh@google.com

1 Edison Research, Infinite Dial 2026 + SiriusXM Media
2 Edison Research, Infinite Dial 2026 + SiriusXM Media

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SOURCE Sirius XM Holdings Inc.

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ServiceForge plants two million trees worldwide

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The company celebrates a meaningful milestone in its ongoing initiative to make a lasting impact within global communities

PORTLAND, Ore., April 22, 2026 /PRNewswire/ — ServiceForge, the 24/7 live answering and customer service platform built for skilled trades and home service businesses, announces a significant achievement in its ongoing sustainability drive: the company has now planted more than two million trees worldwide, a milestone reached in time for Earth Day 2026.

 

Each month, ServiceForge plants one tree for every employee and every customer. What began as a simple commitment to give back has grown into a meaningful, long-term impact effort, now surpassing a major milestone. This accomplishment reflects the company’s continued dedication to environmental stewardship and community-focused values.

For context, two million trees adds up to:

Approximately 4,000 acres of forestRoughly 3,000 football fieldsTrees sufficient to remove an estimated 44,000 metric tons of CO₂ per year (equivalent of taking 9,500 cars off the road)

“This milestone reflects the kind of work we believe in: steady, intentional and rooted in real impact,” said Jane Blanchard, head of brand and marketing for ServiceForge. “In the skilled trades, success isn’t about quick wins; it’s about the slow, human work of strengthening homes, businesses and communities. Planting trees is a natural extension of that mission. It’s a way for us to contribute to something lasting, something that grows alongside the businesses we serve.”

ServiceForge partners with verified reforestation organizations that plant trees in areas affected by deforestation, wildfires and climate change. Partners include Trees for the Future, Save the Redwoods League and Friends of Pando, ensuring that each tree contributes to restoration efforts where it’s needed most.

“We’re in the business of fixing things,” Blanchard said. “What better way to exemplify that commitment than by planting trees, which clean the air, restore habitats and ultimately make the world a better place.”

For more information about ServiceForge and their Giving Back initiative, visit https://www.serviceforge.com/why-serviceforge/givingback

About ServiceForge
ServiceForge helps home service businesses get found, get booked and get paid with 24/7 human answering, scheduling, lead qualification and payments. By combining smart technology with real human connection, ServiceForge helps service businesses stand out in an increasingly disconnected world, ensuring contractors capture more jobs while delivering exceptional customer service. For more information, visit serviceforge.com.

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SOURCE ServiceForge

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Contractor Commerce launches AI-powered conversational buying experience

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New technology ushers in new era of e-commerce for home service contracting companies

LEBANON, Ohio , April 22, 2026 /PRNewswire/ — Contractor Commerce, a leading e-commerce and sales enablement platform built specifically for home service contractors, announces the next evolution in its platform: a conversational buying experience that’s powered by AI and designed to improve the way homeowners shop for residential services online.

By empowering home service professionals to establish their own virtual storefronts, Contractor Commerce has long championed a modern buying experience, fully aligned with the way consumers seek information on the web, including through guided buying journeys and seamless purchasing flows. With conversational buying, Contractor Commerce embeds AI directly into the shopping experience, allowing the end consumer to enjoy a more natural, personalized and responsive process.

“This shift from guided to conversational shopping builds on everything we’ve done up to this point,” said Paul Redman, president of Contractor Commerce. “Our goal has always been to help contractors meet homeowners where they are. This advanced and intuitive approach will further that goal, and cement Contractor Commerce as a category leader.”

Contractor Commerce’s expanded capabilities are designed to reflect how homeowners buy today: researching options, comparing pricing and making decisions in a time and place that’s most convenient to them. Features include:

An image upload option, allowing homeowners to submit photos of their home systems to receive specific, real-time recommendations.Robust pricing tools, including quote comparisons and full rebate integration, enabling homeowners to fully assess their options and understand the fine print.An AI agent-guided buying journey, providing homeowners with personalized assistance even when they are not fully sure what types of services they need.

“Our conversational buying platform is made for contractors, not retailers,” Redman said. “The goal is to help businesses establish trust, improve their lead qualification process and capture after-hours demand, all while providing customers with a frictionless shopping experience.”

For more information about Contractor Commerce, visit ContractorCommerce.com.

About Contractor Commerce

Contractor Commerce is the pioneer and industry leader in providing e-commerce services for contractors, offering plug-and-play online stores for home service companies so they can grow their sales and serve customers with convenience and transparent pricing. To learn more about Contractor Commerce and its innovative solutions, visit ContractorCommerce.com.

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SOURCE Contractor Commerce

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