CubeSat Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
MARKET INTRODUCTION Naveen Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
The CubeSat term is used for miniaturized satellite made up of multiples of 10 cm × 10 cm × 1- 35 cm cubic units for space research. Advancements in the earth observation services and technical evolution in CubeSat are some emerging trend in the satellite industry. The key players of the CubeSat market are adopting strategic acquisitions, agreements, and partnership to grow.
MARKET DYNAMICS
The CubeSat market is anticipated to grow in the forecast period owing to driving factors such as increasing popularity of the CubeSat due to low cost compared to conventional satellites. New application areas of CubeSat are further expected to fuel the growth of the CubeSat market. However, the lack of launch vehicles may hinder the market growth during the forecast period. On the other hand, technological innovations in batteries are likely to provide excellent growth opportunities to the players involved in the CubeSat market in the coming years.
MARKET SCOPE
The "Global CubeSat Market Analysis to 2031" is a specialized and in-depth study of the aerospace and defense industry with a special focus on the global market trend analysis. The report aims to provide an overview of CubeSat market with detailed market segmentation by subsystem, application, end user, and geography. The global CubeSat market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading CubeSat market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global CubeSat market is segmented on the basis of subsystem, application, and end user. Based on subsystem, the market is segmented as payloads, propulsion systems, electrical power systems (EPS), and others. On the basis of the application, the market is segmented as meteorology, space observation, earth observation & traffic monitoring, communication, and others. The market on the basis of the end user is classified as military, energy & power, maritime, agriculture, and others.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global CubeSat market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The CubeSat market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting CubeSat market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides Porter's Five Forces analysis.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global CubeSat market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The CubeSat market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting CubeSat market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides Porter's Five Forces analysis.
MARKET PLAYERS
The reports cover key developments in the CubeSat market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market players from CubeSat market are anticipated to lucrative growth opportunities in the future with the rising demand for CubeSat in the global market. Below mentioned is the list of few companies engaged in the CubeSat market.
The report also includes the profiles of key CubeSat companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last three years, key developments in the past five years.
- AAC Clyde Space
- Berlin Space Technologies GmbH
- DHV Technology
- EnduroSat
- G.A.U.S.S. Srl
- GomSpace A/S
- L3Harris Technologies Inc
- Pumpkin Inc.
- Surrey Satellite Technology Limited
- CU Aerospace, L.L.C.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
TABLE OF CONTENTS
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 CubeSat Market - By Subsystem
1.3.2 CubeSat Market - By Application
1.3.3 CubeSat Market - By End User
1.3.4 CubeSat Market - By Region
1.3.4.1 By Country
2. KEY TAKEWAYS
3. RESEARCH METHODOLOGY
4. CUBESAT MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. CUBESAT MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. CUBESAT MARKET - GLOBAL MARKET ANALYSIS
6.1. CUBESAT - GLOBAL MARKET OVERVIEW
6.2. CUBESAT - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. CUBESAT MARKET - REVENUE AND FORECASTS TO 2028 - SUBSYSTEM
7.1. OVERVIEW
7.2. SUBSYSTEM MARKET FORECASTS AND ANALYSIS
7.3. PAYLOADS
7.3.1. Overview
7.3.2. Payloads Market Forecast and Analysis
7.4. PROPULSION SYSTEMS
7.4.1. Overview
7.4.2. Propulsion Systems Market Forecast and Analysis
7.5. ELECTRICAL POWER SYSTEMS (EPS)
7.5.1. Overview
7.5.2. Electrical Power Systems (EPS) Market Forecast and Analysis
7.6. OTHERS
7.6.1. Overview
7.6.2. Others Market Forecast and Analysis
8. CUBESAT MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. METEOROLOGY
8.3.1. Overview
8.3.2. Meteorology Market Forecast and Analysis
8.4. SPACE OBSERVATION
8.4.1. Overview
8.4.2. Space Observation Market Forecast and Analysis
8.5. EARTH OBSERVATION AND TRAFFIC MONITORING
8.5.1. Overview
8.5.2. Earth Observation and Traffic Monitoring Market Forecast and Analysis
8.6. COMMUNICATION
8.6.1. Overview
8.6.2. Communication Market Forecast and Analysis
8.7. OTHERS
8.7.1. Overview
8.7.2. Others Market Forecast and Analysis
9. CUBESAT MARKET - REVENUE AND FORECASTS TO 2028 - END USER
9.1. OVERVIEW
9.2. END USER MARKET FORECASTS AND ANALYSIS
9.3. MILITARY
9.3.1. Overview
9.3.2. Military Market Forecast and Analysis
9.4. ENERGY AND POWER
9.4.1. Overview
9.4.2. Energy and Power Market Forecast and Analysis
9.5. MARITIME
9.5.1. Overview
9.5.2. Maritime Market Forecast and Analysis
9.6. AGRICULTURE
9.6.1. Overview
9.6.2. Agriculture Market Forecast and Analysis
9.7. OTHERS
9.7.1. Overview
9.7.2. Others Market Forecast and Analysis
10. CUBESAT MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America CubeSat Market Overview
10.1.2 North America CubeSat Market Forecasts and Analysis
10.1.3 North America CubeSat Market Forecasts and Analysis - By Subsystem
10.1.4 North America CubeSat Market Forecasts and Analysis - By Application
10.1.5 North America CubeSat Market Forecasts and Analysis - By End User
10.1.6 North America CubeSat Market Forecasts and Analysis - By Countries
10.1.6.1 United States CubeSat Market
10.1.6.1.1 United States CubeSat Market by Subsystem
10.1.6.1.2 United States CubeSat Market by Application
10.1.6.1.3 United States CubeSat Market by End User
10.1.6.2 Canada CubeSat Market
10.1.6.2.1 Canada CubeSat Market by Subsystem
10.1.6.2.2 Canada CubeSat Market by Application
10.1.6.2.3 Canada CubeSat Market by End User
10.1.6.3 Mexico CubeSat Market
10.1.6.3.1 Mexico CubeSat Market by Subsystem
10.1.6.3.2 Mexico CubeSat Market by Application
10.1.6.3.3 Mexico CubeSat Market by End User
10.2. EUROPE
10.2.1 Europe CubeSat Market Overview
10.2.2 Europe CubeSat Market Forecasts and Analysis
10.2.3 Europe CubeSat Market Forecasts and Analysis - By Subsystem
10.2.4 Europe CubeSat Market Forecasts and Analysis - By Application
10.2.5 Europe CubeSat Market Forecasts and Analysis - By End User
10.2.6 Europe CubeSat Market Forecasts and Analysis - By Countries
10.2.6.1 Germany CubeSat Market
10.2.6.1.1 Germany CubeSat Market by Subsystem
10.2.6.1.2 Germany CubeSat Market by Application
10.2.6.1.3 Germany CubeSat Market by End User
10.2.6.2 France CubeSat Market
10.2.6.2.1 France CubeSat Market by Subsystem
10.2.6.2.2 France CubeSat Market by Application
10.2.6.2.3 France CubeSat Market by End User
10.2.6.3 Italy CubeSat Market
10.2.6.3.1 Italy CubeSat Market by Subsystem
10.2.6.3.2 Italy CubeSat Market by Application
10.2.6.3.3 Italy CubeSat Market by End User
10.2.6.4 United Kingdom CubeSat Market
10.2.6.4.1 United Kingdom CubeSat Market by Subsystem
10.2.6.4.2 United Kingdom CubeSat Market by Application
10.2.6.4.3 United Kingdom CubeSat Market by End User
10.2.6.5 Russia CubeSat Market
10.2.6.5.1 Russia CubeSat Market by Subsystem
10.2.6.5.2 Russia CubeSat Market by Application
10.2.6.5.3 Russia CubeSat Market by End User
10.2.6.6 Rest of Europe CubeSat Market
10.2.6.6.1 Rest of Europe CubeSat Market by Subsystem
10.2.6.6.2 Rest of Europe CubeSat Market by Application
10.2.6.6.3 Rest of Europe CubeSat Market by End User
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific CubeSat Market Overview
10.3.2 Asia-Pacific CubeSat Market Forecasts and Analysis
10.3.3 Asia-Pacific CubeSat Market Forecasts and Analysis - By Subsystem
10.3.4 Asia-Pacific CubeSat Market Forecasts and Analysis - By Application
10.3.5 Asia-Pacific CubeSat Market Forecasts and Analysis - By End User
10.3.6 Asia-Pacific CubeSat Market Forecasts and Analysis - By Countries
10.3.6.1 Australia CubeSat Market
10.3.6.1.1 Australia CubeSat Market by Subsystem
10.3.6.1.2 Australia CubeSat Market by Application
10.3.6.1.3 Australia CubeSat Market by End User
10.3.6.2 China CubeSat Market
10.3.6.2.1 China CubeSat Market by Subsystem
10.3.6.2.2 China CubeSat Market by Application
10.3.6.2.3 China CubeSat Market by End User
10.3.6.3 India CubeSat Market
10.3.6.3.1 India CubeSat Market by Subsystem
10.3.6.3.2 India CubeSat Market by Application
10.3.6.3.3 India CubeSat Market by End User
10.3.6.4 Japan CubeSat Market
10.3.6.4.1 Japan CubeSat Market by Subsystem
10.3.6.4.2 Japan CubeSat Market by Application
10.3.6.4.3 Japan CubeSat Market by End User
10.3.6.5 South Korea CubeSat Market
10.3.6.5.1 South Korea CubeSat Market by Subsystem
10.3.6.5.2 South Korea CubeSat Market by Application
10.3.6.5.3 South Korea CubeSat Market by End User
10.3.6.6 Rest of Asia-Pacific CubeSat Market
10.3.6.6.1 Rest of Asia-Pacific CubeSat Market by Subsystem
10.3.6.6.2 Rest of Asia-Pacific CubeSat Market by Application
10.3.6.6.3 Rest of Asia-Pacific CubeSat Market by End User
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa CubeSat Market Overview
10.4.2 Middle East and Africa CubeSat Market Forecasts and Analysis
10.4.3 Middle East and Africa CubeSat Market Forecasts and Analysis - By Subsystem
10.4.4 Middle East and Africa CubeSat Market Forecasts and Analysis - By Application
10.4.5 Middle East and Africa CubeSat Market Forecasts and Analysis - By End User
10.4.6 Middle East and Africa CubeSat Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa CubeSat Market
10.4.6.1.1 South Africa CubeSat Market by Subsystem
10.4.6.1.2 South Africa CubeSat Market by Application
10.4.6.1.3 South Africa CubeSat Market by End User
10.4.6.2 Saudi Arabia CubeSat Market
10.4.6.2.1 Saudi Arabia CubeSat Market by Subsystem
10.4.6.2.2 Saudi Arabia CubeSat Market by Application
10.4.6.2.3 Saudi Arabia CubeSat Market by End User
10.4.6.3 U.A.E CubeSat Market
10.4.6.3.1 U.A.E CubeSat Market by Subsystem
10.4.6.3.2 U.A.E CubeSat Market by Application
10.4.6.3.3 U.A.E CubeSat Market by End User
10.4.6.4 Rest of Middle East and Africa CubeSat Market
10.4.6.4.1 Rest of Middle East and Africa CubeSat Market by Subsystem
10.4.6.4.2 Rest of Middle East and Africa CubeSat Market by Application
10.4.6.4.3 Rest of Middle East and Africa CubeSat Market by End User
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America CubeSat Market Overview
10.5.2 South and Central America CubeSat Market Forecasts and Analysis
10.5.3 South and Central America CubeSat Market Forecasts and Analysis - By Subsystem
10.5.4 South and Central America CubeSat Market Forecasts and Analysis - By Application
10.5.5 South and Central America CubeSat Market Forecasts and Analysis - By End User
10.5.6 South and Central America CubeSat Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil CubeSat Market
10.5.6.1.1 Brazil CubeSat Market by Subsystem
10.5.6.1.2 Brazil CubeSat Market by Application
10.5.6.1.3 Brazil CubeSat Market by End User
10.5.6.2 Argentina CubeSat Market
10.5.6.2.1 Argentina CubeSat Market by Subsystem
10.5.6.2.2 Argentina CubeSat Market by Application
10.5.6.2.3 Argentina CubeSat Market by End User
10.5.6.3 Rest of South and Central America CubeSat Market
10.5.6.3.1 Rest of South and Central America CubeSat Market by Subsystem
10.5.6.3.2 Rest of South and Central America CubeSat Market by Application
10.5.6.3.3 Rest of South and Central America CubeSat Market by End User
11. INDUSTRY LANDSCAPE
11.1. MERGERS AND ACQUISITIONS
11.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
11.3. NEW PRODUCT LAUNCHES
11.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
12. CUBESAT MARKET, KEY COMPANY PROFILES
12.1. AAC CLYDE SPACE
12.1.1. Key Facts
12.1.2. Business Description
12.1.3. Products and Services
12.1.4. Financial Overview
12.1.5. SWOT Analysis
12.1.6. Key Developments
12.2. BERLIN SPACE TECHNOLOGIES GMBH
12.2.1. Key Facts
12.2.2. Business Description
12.2.3. Products and Services
12.2.4. Financial Overview
12.2.5. SWOT Analysis
12.2.6. Key Developments
12.3. DHV TECHNOLOGY
12.3.1. Key Facts
12.3.2. Business Description
12.3.3. Products and Services
12.3.4. Financial Overview
12.3.5. SWOT Analysis
12.3.6. Key Developments
12.4. ENDUROSAT
12.4.1. Key Facts
12.4.2. Business Description
12.4.3. Products and Services
12.4.4. Financial Overview
12.4.5. SWOT Analysis
12.4.6. Key Developments
12.5. G.A.U.S.S. SRL
12.5.1. Key Facts
12.5.2. Business Description
12.5.3. Products and Services
12.5.4. Financial Overview
12.5.5. SWOT Analysis
12.5.6. Key Developments
12.6. GOMSPACE A/S
12.6.1. Key Facts
12.6.2. Business Description
12.6.3. Products and Services
12.6.4. Financial Overview
12.6.5. SWOT Analysis
12.6.6. Key Developments
12.7. L3HARRIS TECHNOLOGIES INC
12.7.1. Key Facts
12.7.2. Business Description
12.7.3. Products and Services
12.7.4. Financial Overview
12.7.5. SWOT Analysis
12.7.6. Key Developments
12.8. PUMPKIN INC.
12.8.1. Key Facts
12.8.2. Business Description
12.8.3. Products and Services
12.8.4. Financial Overview
12.8.5. SWOT Analysis
12.8.6. Key Developments
12.9. SURREY SATELLITE TECHNOLOGY LIMITED
12.9.1. Key Facts
12.9.2. Business Description
12.9.3. Products and Services
12.9.4. Financial Overview
12.9.5. SWOT Analysis
12.9.6. Key Developments
12.10. CU AEROSPACE, L.L.C.
12.10.1. Key Facts
12.10.2. Business Description
12.10.3. Products and Services
12.10.4. Financial Overview
12.10.5. SWOT Analysis
12.10.6. Key Developments
13. APPENDIX
13.1. ABOUT THE INSIGHT PARTNERS
13.2. GLOSSARY OF TERMS
The List of Companies
1. AAC Clyde Space2. Berlin Space Technologies GmbH3. DHV Technology4. EnduroSat5. G.A.U.S.S. Srl6. GomSpace A/S7. L3Harris Technologies Inc8. Pumpkin Inc.9. Surrey Satellite Technology Limited10. CU Aerospace, L.L.C.The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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