Space industry holds an enormous potential for satellite manufacturers, component providers, launch companies, technical service providers, and investors. Over the past few years, very large number of space companies have starte ....see more
The Small Satellite market is expected to grow from USD 5.2 billion in 2024 to USD 11.2 billion by 2029, at a compound annual growth rate (CAGR) of 16.6% during the forecast period.The key players North America and Europe. SpaceX (US), Lockheed Martin Corporation (US), Airbus Defence and Space (Germany), Northrop Grumman (US), L3Harris Technologies, Inc. (US)
The LEO satellite market is expected to grow from USD 12.6 billion in 2024 to USD 23.2 Billion by 2029, at a compound annual growth rate (CAGR) of 13.0% during the forecast period.The key players SpaceX (US), Airbus Defence and Space (Germany), Lockheed Martin Corporation (US), Northrop Grumman Corporation (US), and L3Harris Technologies, Inc. (US).
The 3D printed satellite market size is expected to grow from USD 112 Million in 2024 to USD 487 Million by 2030, at a compound annual growth rate (CAGR) of 27.7% during the forecast period. The key players are Maxar Space Systems (US), Boeing (US), 3D Systems (US), Northrop Grumman Corporation (US).
The Satellite Data Services Market is expected to grow from USD 9.3 Billion in 2023 to USD 20.9 Billion by 2028, at a Compound Annual Growth Rate (CAGR) of 17.5% during the forecast period. The key players are Airbus (France), Maxar Technologies (US), L3Harris Technologies, Inc (US), Planet Labs, PBC (US), and ICEYE (Finland).
The Space Debris Removal market is expected to grow from USD 0.1 billion in 2023 to USD 0.6 billion by 2028, at a compound annual growth rate (CAGR) of 41.7% during the forecast period.The key players Astroscale (Japan), ClearSpace (Switzerland), Surrey Satellite Technology Ltd (UK), Northrop Grumman (US), and Kall Morris Incorporated (US).
The Optical Satellite Communication market is expected to grow from USD 282 Million in 2023 to USD 1,134 Million by 2028, at a Compound Annual Growth Rate (CAGR) of 32.1% during the forecast period. The key players Ball Corporation (US), Mynaric AG (Switzerland), Bridge Comm Systems (US), SpaceMicro (US), and Tesat Spacecom GMBH (Germany).
The space propulsion market is expected to grow from USD 10.6 billion in 2023 to USD 18.1 billion by 2028, at a compound annual growth rate (CAGR) of 11.3% during the forecast period.The Major players Safran S.A. (France), SpaceX (US), L3Harris Technologies Inc. (US), IHI Corporation (Japan), and Northrop Grumman Corporation (US).
The Satellite Navigation System market is expected to grow from USD 61.1 billion in 2023 to USD 75.5 billion by 2028, at a compound annual growth rate (CAGR) of 4.4 % during the forecast period.The Major players Raytheon Technologies (US), Northrop Grumman Corporation (US), QualComm Technologies, Inc (US), Lockheed Martin Corporation (US), and L3Harris Technologies (US).
The Satellite Communication (SATCOM) Market is expected to grow from USD 22.6 Billion in 2023 to USD 38.7 Billion by 2028, at a compound annual growth rate (CAGR) of 11.3% during the forecast period. The Key Players such as EchoStar Corporation (US), L3Harris Technologies (US), Thales Group (France), Raytheon Technologies Corporation (US), General Dynamics Corporation (US), Cobham Satcom (Denmark).
The On-orbit satellite servicing market is expected to grow from USD 2.4 billion in 2023 to USD 5.1 billion by 2030, at a compound annual growth rate (CAGR) of 11.5% during the forecast period.The Major players Maxar Technologies (US), Astroscale Holdings Inc. (Japan), SpaceLogistics LLC (US), Airbus SE (Netherlands), and Thales Alenia Space (France).
The satellite ground Station market is expected to grow from USD 61.5 billion in 2023 to USD 115.4 billion by 2028, at a compound annual growth rate (CAGR) of 13.4% during the forecast period.The Major players General Dynamics Corporation (US), Raytheon Technologies Corporation (US), Airbus SE (Netherlands), Lockheed Martin Corporation (US), and Kongsberg Gruppen ASA (Norway)
The space DC-DC converter market is expected to grow from USD 37 Million in 2022 to USD 66 Million by 2027, at a Compound Annual Growth Rate (CAGR) of 12.4% during the forecast period. Texas Instruments Incorporated (US), STMicroelectronics (Switzerland), Crane Co. (US), Infineon Technologies AG (Germany), and Vicor Corporation (US).
The Space Sensors and Actuators Market is expected to grow from USD 2.7 Billion in 2022 to USD 4.9 Billion by 2027, at a compound annual growth rate (CAGR) of 12.7% during the forecast period. The Key Players Honeywell International Inc. (US), Teledyne Technologies Limited (UK), Ametek, Inc. (US), TE Connectivity (Switzerland), Moog Inc. (US), Texas Instruments Incorporated (US), RUAG Group (Switzerland), among others.
The Remote Sensing Services market is expected to grow from USD 13.2 billion in 2022 to USD 26.6 billion by 2027, at a compound annual growth rate (CAGR) of 14.9 % during the forecast period.The Key Players Maxar technologies (US), Planet Labs PBC (US), L3 Harris Technologies (US), Airbus SE (Netherlands), Trimble, Inc. (US).
The space launch services market is expected to grow from USD 16.9 billion in 2022 to USD 29.6 billion by 2027, at a compound annual growth rate (CAGR) of 15.1% during the forecast period.The key players SpaceX (US), Arianespace (France), China Aerospace Science and Technology Corporation (China), United Launch Alliance (US), Northrop Grumman Corporation (US).
The Space on-board computing platform market is projected to reach USD 2.3 billion by 2027, at a CAGR of 12.1% during the forecast period. Major space on-board computing platforms market players present in North America include L3harris Technologies (US), Lockheed Martin Corporation (US), Honeywell International Inc. (US), Northrop Grumman Corp. (US), and Lockheed Martin (US). Other key players present in North America are York space Systems (US), and Space Tango (US).
The Space power electronics market is projected to reach USD 435 million by 2026, at a CAGR of 16.2% during the forecast period. The space power electronics market is dominated by a few globally established players such as Infineon Technologies (Germany), Texas Instrument Incorporated US), STMicroelectronics (Switzerland), Onsemi (US), Renesas Electronics Corporation (Japan), among others.
The satellite cables and assemblies market is projected to reach USD 560 million by 2026, at a CAGR of 21.7 % during the forecast period. The Satellite cables and assemblies market is dominated by a few globally established players such as Nexans S.A (France), Amphenol Corporation (US), T.E Connectivity (Switzerland), Huber +Suhner (Switzerland), W.L Gore & Associates (US), among others.
The satellite antenna market is projected to reach USD 10.5 billion by 2026, at a CAGR of 20.6% during the forecast period. The satellite antenna market is dominated by a few globally established players such as Thales Group (France), L3Harris Technologies (US), Honeywell International Inc. (US), Hughes Network Systems (US), Viasat, Inc. (US), among others.
The SATCOM on the move market is projected to reach USD 42.8 billion by 2026, at a CAGR of 19.3% during the forecast period. The SATCOM on the move market is dominated by a few globally established players such as Thales Group (France), L3Harris Technologies (US), Honeywell International Inc. (US), Hughes Network Systems (US), Viasat, Inc. (US), among others.
The Space Situational Awareness Market is expected to grow from USD 1.5 billion in 2021 to USD 1.8 billion by 2026, at a CAGR of 4.6% during the forecast period. The Space situational awareness market is dominated by a few globally established players such as L3Harris Technologies (US), Lockheed Martin Corporation (US), Kratos Defense & Security Solutions, Inc. (US), Parsons Corporation (US), and Peraton (US), among others.
The satellite payloads market is expected to grow from USD 3.7 Billion in 2021 to USD 11.3 Billion by 2026, at a compound annual growth rate (CAGR) of 24.8% during the forecast period.such as Airbus Defence and Space (Germany), Northrop Grumman (US), Lockheed Martin Corporation (US), Thales Alenia Space (France), and Sierra Nevada Corporation (US) among others.
The SATCOM Equipment Market for Space is expected to grow from USD 2.8 billion in 2019 to USD 7.0 billion by 2025 at a CAGR of 16.8% during the forecast period. Some of the major players in the Satellite Terminals Market for space include Airbus SE (Netherlands), Maxar Technologies (US), Mitsubishi Electric Corporation (Japan), General Dynamics Corporation (US), Honeywell International Inc. (US), Harris Corporation (US), ISIS - Innovative Solutions in Space B.V. (Netherlands), and Oxford Space Systems (UK).
CubeSat falls in the category of miniature satellite formed of multiples of 10×10×10 cm cubic units. CubeSats are easy to launch given their small size, and serve complex applications like earth observation at cheaper cost than bigger satellites. CubeSats are a disruption for the space industry and various stakeholders of the market such as research and defense organizations, satellite manufacturers, satellite service providers and launch service providers are investing to reap the benefits of this market disruption.
The space robotics market is estimated to be USD 2.58 billion in 2017 and is projected to reach USD 4.36 billion by 2023, at a CAGR of 8.64% during the forecast period. Some of the major companies providing space robotics solutions include Altius Space Machines (US), Maxar Technologies (US), Motiv Space Systems (US), Space Systems/Loral (US), Honeybee Robotics (US), Astrobotic Technology (US), Made In Space (US), Effective Space Solutions Limited (UK) and Northrop Grumman (US). These key market players offer various space robotics solutions and robotics & subsystems, sensors & autonomous systems, software and robotic services, such as satellite servicing, on-orbit assembly and manufacturing, surface mobility, and de-orbiting services, among others. New product developments, partnerships, and contracts are the major growth strategies adopted by these players to enhance their positions in the space robotics market.
The rocket propulsion market is projected to grow from USD 4.23 billion in 2018 to USD 6.36 billion by 2023, at a CAGR of 8.50% during the forecast period. Increasing use of space launch services for satellites and testing probes applications is one of the significant factors driving the growth of the rocket propulsion market. Furthermore, the introduction of space tourism is anticipated to fuel the demand for rocket propulsion. Major players in the rocket propulsion market include Aerojet Rocketdyne (US), Orbital ATK (US), SpaceX (US), Antrix (India), and Mitsubishi Heavy Industries (Japan), among others.
The small satellite service market is projected to grow from an estimated USD 14.88 Billion in 2017 and is projected to reach USD 53.22 Billion by 2022, at a CAGR of 29.03% from 2017 to 2022. Factors, such as satellite miniaturization, and increasing demand for earth observation and satellite broadband services are expected to fuel the growth of the small satellite services market. Singapore Telecommunications Limited (Singapore), Eutelsat Communications S.A. (France), EchoStar Corporation (US), Inmarsat plc (UK), and Viasat, Inc. (US), among others, are the major players in the small satellite services market.
The satellite bus market was USD 9.28 Billion in 2016 and is projected to reach USD 13.64 Billion by 2022, at a CAGR of 5.97% during the forecast period. The base year considered for the study is 2016 and the forecast period is from 2017 to 2022. Airbus Group (Netherlands), The Boeing Company (US), China Academy of Space Technology (China), Honeywell International Inc. (US), Indian Space Research Organization (India), Israel Aerospace Industries Ltd (Israel), Lockheed Martin Corporation (US), MacDonald, Dettwiler and Associates Ltd. (Canada), Mitsubishi Electric Corporation (Japan), Orbital ATK, Inc. (US), and Thales Alenia Space (France), among others, are the major players in the satellite bus market.