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 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 space propulsion market is projected to reach USD 22.5 billion by 2026, at a CAGR of 22.1% during the forecast period. Key players of space propulsion market comprise Safran (France), Aerojet Rocketdyne Holdings, Inc. (US), SpaceX (US), IHI Corporation (Japan), and Northrop Grumman Corporation (US) and few others. These key players offer drones applicable for various sector and have well-equipped and strong distribution networks across the North America, European, Asia Pacific, Middle East & Africa and South America.
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 LEO satellite market is expected to grow from USD 9.6 billion in 2021 to USD 19.8 billion by 2026, at a compound annual growth rate (CAGR) of 15.5 % during the forecast period.The leading players L3Harris Technologies (US), Honeywell International Inc.(US), Airbus (Germany), SpaceX (US), Northrop Grumman (US)
The small satellite market is projected to reach USD 7.4 billion by 2026, at a CAGR of 19.4% during the forecast period. The small satellite market is projected to grow from USD 3.1 billion in 2021 to USD 7.4 billion by 2026, at a CAGR of 19.4 %.
The satellite data services market is projected to reach USD 16.7 billion by 2026, at a CAGR of 23.0% during the forecast period. Key players of satellite data services market comprise Maxar Technologies (US), L3Harris Geospatial (US), Airbus (Netherlands), Planet Labs, Inc.(US) and Spire (US), ICEYE (Finland), Satellite Imaging Corporation (US0 and few others. These key players offer drones applicable for various sector and have well-equipped and strong distribution networks across the North American, European, Asia Pacific, Middle East & Africa and Latin America.
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 global space DC-DC converter market size is projected reach USD 52 million by 2026, at a CAGR of 8.3% during the forecasting period. The Space DC-DC converter market is dominated by a few globally established players such as Texas Instruments Incorporated (US), Vicor Corp. (US), MURATA (Japan) and Infineon Technologies AG (Germany)
The Satellite Communication (SATCOM) Equipment Market is expected to grow from USD 22.0 billion in 2021 to USD 53.7 billion by 2026, at a CAGR of 19.6% during the forecast period. The SATCOM equipment 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 sensors and actuators market is projected to reach USD 7.7 billion by 2026, at a CAGR of 18.5% during the forecasting period. The space sensors and actuators market is dominated by a few globally established players such as Texas Instruments Incorporated (US), Honeywell International Inc. (US), Moog Inc. (US), Teledyne UK Limited (UK), Ametek, Inc. (US), TE Connectivity (Switzerland), RUAG Group (Switzerland), 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 SATCOM equipment 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 space launch services market was valued at USD 8.67 Billion in 2016 and is projected to reach USD 27.18 Billion by 2025, at a CAGR of 15.01% during the forecast period. The base year considered for the study is 2016 and the forecast period is from 2017 to 2025. Antrix Corporation (India), Arianespace (France), Boeing (US), China Great Wall Industry Corporation (China), EUROCKOT (Germany), ILS International (US), Lockheed Martin (US), Mitsubishi Heavy Industries (Japan), Orbital ATK (US), Space Exploration Technologies (US), Space International Services (Russia), Spaceflight (US), Starsem (France) and United Launch Alliance (US) are key players operating in the space launch services market.
The remote sensing services market was valued at USD 9.70 Billion in 2016 and is projected to reach USD 21.62 Billion by 2022, at a CAGR of 15.14% from 2017 to 2022. The base year considered for the study is 2016 and the forecast period is from 2017 to 2022. Antrix Corporation (India), DigitalGlobe (US), EKOFASTBA (Spain), Geo Sense (Malaysia), Mallon Technology (UK), Remote Sensing Solutions (Germany), SpecTIR (US), Satellite Imaging Corporation (US), Terra Remote Sensing (Canada), The Airborne Sensing Corporation (Canada), and The Sanborn Map Company (US) are leading players in the remote sensing 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.