In Space Manufacturing Market by Product Technology (Perovskite Photovoltaics cell,Graphene and solid-state Lithium batteries, Exchange membrane cells,Traction motor,Hydrogen propulsion system ,Insulin), End Use and Region - Global Forecast to 2040
[199 Pages Report] The In space manufacturing market is estimated to be USD 4.6 billion in 2030 and is projected to reach USD 62.8 Billion by 2040, at a CAGR of 29.7% from 2030 to 2040. The primary driving factor for the growth of the In space manufacturing market is the development of key enabling technologies that allow manufacturing in space These include the miniaturization of hardware such as 3D printers, development of space robotics for remote assembly of components and energy efficient processes that allow low resource manufacturing. The development of such enabling technologies along with the trend of decreasing launch costs per kg observes in the previous years will help products to be manufactured at scale for use both in terrestrial markets as well as in space directly .
In Space Manufacturing Market Forecast to 2040
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In space manufacturing Market Dynamics:
Driver: Manufacturing Advantages of In Space fabrication over terrestrial manufacturing
Space environments are well suited for manufacturing of electronics and advanced materials which require precision and near zero contamination. Microgravity reduces convection and sedimentation, resulting in a more homogeneous and purer environment. This particularly leads to higher-quality products with improved performance. Manufacturing of advanced materials in space can also take advantage of the unbounded crystal formation in space environment. In space, crystal growth is not impeded by buoyancy-driven convection, leading to larger, purer, and more uniform crystals. This is critical for industries such as electronics, optics, and materials science, where crystal quality is paramount. In 2022, Redwire- a space infrastructure company, sold its first space-grown optical crystal manufactured on its Industrial Crystallization Facility, which launched to the ISS in 2021. The sale of its space-manufactured optical crystal to researchers at the Center for Electron Microscopy and Analysis (CEMAS), a leading electron microscopy facility, at The Ohio State University with the sample being evaluated to be worth around $2 million per kilogram.
Restraint: Restricted production scale due to unavailability of key manufacturing raw materials
The absence of abundant Earth resources poses a unique obstacle. Traditional manufacturing relies on the accessibility of raw materials readily available on earth. This is a restriction for scalable production which requires a continuous supply of power, water and other resources. The current technology level for mining and extraction of other planets and well as refinement are still in the early stages. As such, plans for space habitats will still rely on the resupply missions from earth to the destination planet. The establishment of orbital outposts can reduce the number of launches required, however, the key restraint of being unable to completely utilize the available lunar or Martian resources will remain.
Opportunity: New market for in-space manufactured products for use in manned journeys and space habitats
Manned interplanetary missions, such as those to Mars, demand products that can withstand the rigors of deep space for extended durations. In-space manufacturing companies can create specialized equipment and components designed for these missions. This includes reliable propulsion systems, radiation-resistant materials, advanced life support technologies, and robust communication equipment. By providing mission-critical products, these companies become integral to the success of long-duration space missions.
The New Space market for space-manufactured products targeted at space habitats and manned interplanetary missions represents an unparalleled opportunity for in-space manufacturing companies. By tailoring products to meet the unique needs of space environments, optimizing manufacturing processes, fostering sustainability, and embracing collaboration and innovation, these companies can position themselves as trailblazers in this transformative era of space exploration
Challenges: Long maturation timelines for key technologies in the space-based manufacturing ecosystem
The development of space-based manufacturing ecosystems requires the maturation of several key technologies such as prospecting and resource management, remote surveillance, power supply, replacements of components, repair and inspection. Additionally, since the components involving these systems have to be supplied from ear, significant amounts of refueling is required considering the payload mass and distance from the destination. As such, establishment of in-space refueling is expected to be another key component for the establishment of in-space manufacturing framework.
The challenges in achieving high TRL levels for space-based infrastructure are multifaceted and include space qualification of processes, reliability requirements, resource management an prototyping for space environment. Such stringent requirements are expected to impact the development timelines directly and require to be mitigated via partnerships, collaborations, miniaturization of hardware and advanced materials development for lighter components in 3D printers and robotic assemblies
In Space Manufacturing Market Ecosystem
Allevi Inc. (US), Global Graphene Group, Inc. (US), Le Verre Fluore Fiber Solutions(France),Nedstack Fuel cell Technology BV (Netherlands) and Echodyne Corporation(US) are some of the leading companies in the in space manufacturing market.
Based on product technology, Quantum dots display is expected to register the highest CAGR during the forecast period
Based on product technology, the in space manufacturing market has been segmented into 12 core sub-segments: Perovksite Photovoltaics cell,Graphene and solid-state Lithium batteries ,Proton Exchange membrane cells,Traction motor,Hydrogen propulsion system ,Insulin,Electromagnetic metamaterials antennas,Perfect spheres bearings,Quantum Dots Display,Tissue /organ,Zblan fiber optics,Zeolite crystal. The Quantum dots display segment is expected to register the highest CAGR during the forecast period attributed to the increasing adoption of Quantum LED displays which have higher quality output compared to traditional LEDs and current technologies.
North America is expected to hold the highest market share in 2030.
North America is expected to hold the highest market share in 2030. The growth of the regional market can be attributed to the increasing demand for high quality materials fabricated in microgravity environments such as metamterial antennas, traction motors and ZBLAN fibers in key industries and research facilities . The rise in investments from key players to in the automation of manufacturing processes of these products is also expected to contribute to the growth of the regional market during the forecast period
In Space Manufacturing Market by Region
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Key Market Players
Allevi Inc. (US), Global Graphene Group, Inc. (US), Le Verre Fluore Fiber Solutions(France),Nedstack Fuel cell Technology BV (Netherlands) and Echodyne Corporation(US) are some of the leading companies in the in space manufacturing companies. These companies have well-equipped manufacturing facilities and strong distribution networks across North America, Europe, Asia Pacific and Rest of the World.
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Report Metric |
Details |
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Market size available for years |
2030-2040 |
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Base year considered |
2030 |
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Forecast period |
2030-2040 |
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Forecast units |
Value (USD) |
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Segments covered |
By Product Technology |
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Geographies covered |
North America, Asia Pacific, Europe, and RoW (Rest of the World) |
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Companies covered |
Oxford Photovoltaics Ltd.(UK), QuantumScape Corporation(US), Echodyne Corporation(US), Siemens AG(Germany) and few others. |
In Space Manufacturing Market
Highlights
This research report categorizes the In Space Manufacturing market based on applications, industry, type, and solution
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Segment |
Subsegment |
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By Product Technology |
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By End Use |
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By Point of Use |
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By Region |
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Recent Developments
- In July 2023, NedStack BV announced a strategic partnership with AVL to commercialize Nedstack’s upcoming proton exchange membrane cell (PEMC) 3rd gen stack platform with plans for large scale manufacturing.
- In May 2023, ABB acquired Siemens' low-voltage NEMA motor line, including severe duty and general-purpose motors expanding the offering of ABB's Motion business area
- In February 2022, Echodyne announced a strategic partnership with Northrop Grumman to integrate Echodyne's metamterial antennae based radar technology into select Northrop Grumman defense and security solutions.
Key Questions Addressed in the Report :
What is the current size of the In Space Manufacturing market?
orldResponThe In-Space manufacturing market is estimated to grow from USD 4.6 Billion in 2030 to USD 62.8 Billion by 2040, at a CAGR of 29.7% from 2030 to 2040. North America is estimated to account for the largest share of the In space manufacturing market in 2030.
What are the key sustainability strategies adopted by leading players operating in the In Space Manufacturing market?
Response: Key players have adopted various organic and inorganic strategies to strengthen their position in the In Space Manufacturing marketsAllevi Inc. (US), Global Graphene Group, Inc. (US), Le Verre Fluore Fiber Solutions(France),Nedstack Fuel cell Technology BV (Netherlands) and Echodyne Corporation(US) are some of the leading companies in the In Space Manufacturing Market.
What new emerging technologies and use cases disrupt the In Space Manufacturing market?
Response: Some of the major emerging technologies and use cases disrupting the market include the development of 3D printing and additive manufacturing technologies along with
Who are the key players and innovators in the ecosystem of the In Space Manufacturing Market?
Response: . Allevi Inc. (US), Global Graphene Group, Inc. (US), Le Verre Fluore Fiber Solutions(France),Nedstack Fuel cell Technology BV (Netherlands) and Echodyne Corporation(US).
Which region is expected to hold the highest market share in the In Space Manufacturing market?
Response: In 2030, North America is expected to hold the greatest market share for In Space Manufacturing during the forecast period, US is anticipated to grow at the highest CAGR.
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The research study conducted on the In Space Manufacturing market involved extensive use of secondary sources, directories, and databases such as Hoovers, Bloomberg Businessweek and Factiva to identify and collect information relevant to the In Space Manufacturing market. The primary sources considered included industry experts from the In space manufacturing market as well as sub-component manufacturers, 3D printing and additive manufacturing technology companies , government agencies, technology vendors, system integrators, research organizations, and original equipment manufacturers related to all segments of the value chain of this industry. In-depth interviews with various primary respondents, including key industry participants, Subject Matter Experts (SMEs), industry consultants, and C-level executives, have been conducted to obtain and verify critical qualitative and quantitative information pertaining to the In Space Manufacturingmarket as well as to assess the growth prospects of the market. Sources from the supply side included various industry experts, such as chief X officers (CXOs), vice presidents (VPs), and directors from business development, marketing, and product development/innovation teams; related key executives from Siemens, Quantum Scape , Nedstack BV ; independent consultants; importers; and key opinion leaders.
Secondary Research
Secondary sources referred for this research study included the Factories in Space database, Multidisciplinary Digital Publishing Institute(MDPI) Journals, Aerospace manufacturing articles, and corporate filings such as annual reports, investor presentations, and financial statements of trade, business, and professional associations. The secondary data was collected and analyzed to arrive at the overall size of the market, which was validated by primary respondents.
Primary Research
Extensive primary research was conducted to obtain qualitative and quantitative information for this report on the in-space manufacturing market. Several primary interviews were conducted with the market experts from both demand- and supply-side across major regions, namely, North America, Europe, Asia Pacific, and Rest of the World. Primary sources from the supply-side included industry experts such as business development managers, sales heads, technology and innovation directors, and related key executives from various key companies and organizations operating in the in-space manufacturing market.
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
- The top-down and bottom-up approaches were used to estimate and validate the size of the In space manufacturing market. The research methodology used to estimate the market size also included the following details.
- The key players were identified through secondary research, and their market ranking was determined through primary and secondary research. This included a study of the annual and financial reports of the top market players and extensive interviews of leaders, including chief executive officers (CEO), directors, and marketing executives.
- All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources. All possible parameters that affect the markets covered in this research study were accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data. This data was consolidated, enhanced with detailed inputs, analyzed by representatives in MarketsandMarkets, and presented in this report.
The top-down and bottom-up approaches were used to estimate and validate the size of the in-space manufacturing market. The figure in the section below is a representation of the overall market size estimation process employed for the purpose of this study.
The research methodology used to estimate the market size also includes the following details.
- Key players in the industry and markets were identified through secondary research, and their market share was determined through primary and secondary research. This included an extensive study of annual and financial reports of top market players and interviews of CEOs, directors, and marketing executives.
- All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.
- All possible parameters that affect the markets covered in this research study were accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data.
This data was consolidated, enhanced with detailed inputs, analyzed by MarketsandMarkets, and presented in this report.
Market size estimation methodology: Bottom-up and Top-down Approach
Data Triangulation
After arriving at the overall size of the in-space manufacturing market from the market size estimation process explained above, the total market was split into several segments and subsegments. The data triangulation and market breakdown procedures explained below were implemented, wherever applicable, to complete the overall market engineering process and arrive at the estimated sizes of different market segments and subsegments. The data was triangulated by studying various factors and trends from both the demand and supply sides. Additionally, the market size was validated using both the top-down and bottom-up approaches.
The following figure indicates the market breakdown structure and the data triangulation procedure implemented in the market engineering process used to develop this report.
Market Definition
In space manufacturing market refers to the market for finished and semi-finished products manufactured in space such as bio-printed tissues or organs, 3D printed components such as metamaterial antennas as well as advanced materials such as zeolite and insulin crystals in space. These products are expected to be manufactured in facilities present in orbit and used as components or products themselves in space or back on earth.
It is expected to be an emerging market with high growth potential due to the potential demand in the terrestrial market for high quality products manufactured in microgravity environments and their cost effectiveness for space based service providers.
Key Stakeholders
- Microfabrication manufacturers
- Subsystem manufacturers
- Defense organizations
- Pharmaceutical and drug manufacturers
- Space agencies
- Aerospace manufacturers
- Regulatory Bodies
- Research Centers
Report Objectives
- To define, describe, segment, and forecast the size of the in space manufacturing based on product technology, end use, point of use and region
- To forecast the size of market segments with respect to four regions, namely North America, Europe, Asia Pacific, and the Rest of the World, as well as major countries in these regions
- To identify and analyze key drivers, restraints, opportunities, and challenges influencing the growth of the market
- To analyze opportunities in the market for stakeholders by identifying key market trends
- To identify maritime industry trends, market trends, and technology trends prevailing in the market
- To provide an overview of the regulatory landscape for the adoption of maritime patrol aircraft
- To analyze micromarkets1 with respect to individual technological trends and their contribution to the total market
- To profile key market players and comprehensively analyze their market share and core competencies2
- To analyze the degree of competition in the market by mapping the recent developments, products, and services of key market players
- To analyze competitive developments such as mergers & acquisitions, partnerships, agreements, and product developments
- To identify detailed financial positions, key products, and unique selling points of the leading market players
1 Micromarkets are referred to as the segments and subsegments of the In space manufacturing market considered in the scope of the report.
2 Core competencies of companies were captured in terms of their key developments and key strategies adopted to sustain their positions in the market.
Available customizations
Along with the market data, MarketsandMarkets offers customizations as per the specific needs of companies. The following customization options are available for the report:
Product Analysis
- Product matrix, which gives a detailed comparison of the product portfolio of each company
Regional Analysis
- Further breakdown of the market segments at country-level
Company Information
- Detailed analysis and profiling of additional market players (up to 5)
Growth opportunities and latent adjacency in In Space Manufacturing Market