Spacecraft Market by Type (Manned, Unmanned Spacecraft), by Components (Propulsion System, Power System, Communication System, Thermal Control System, Guidance, Navigation System, Payloads), by End-Use Industry (Commercial, Military, Defense), by North America (U.S., Canada, Mexico), by Europe (UK, Germany, France, Italy, Spain, Russia, Netherlands, Switzerland, Poland, Sweden, Belgium), by Asia Pacific (China, India, Japan, South Korea, Australia, Singapore, Malaysia, Indonesia, Thailand, Philippines, New Zealand), by Latin America (Brazil, Mexico, Argentina, Chile, Colombia, Peru), by MEA (UAE, Saudi Arabia, South Africa, Egypt, Turkey, Israel, Nigeria, Kenya) Forecast 2024-2032
The size of the Spacecraft market was valued at USD 6.63 USD Billion in 2023 and is projected to reach USD 11.51 USD Billion by 2032, with an expected CAGR of 8.20% during the forecast period. A spacecraft is defined as any vehicle that is used for a space or aerial mission, with available types characterized by certain features and usages. Satellites can be categorized as communication satellites, earth-observing satellites, space probes, landers, and crewed spacecraft. Distinctions can be made between the function and of necessity the design of spacecraft depending on their specific role and nature of use; nevertheless, all spaceships boast propulsion systems used for control and communication gear used for data exchange and scientific tools utilized in scientific research. They are divided into the meteorological-scientific and navigations-scientific ones starting with satellite use for the weather forecast and continuing with the management of space flights and International Space Station manipulation bringing developments in technology and science as well as the people’s overall view of the universe.
Spacecraft Trends
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This comprehensive market report provides a detailed analysis of the global spacecraft market, including market dynamics, growth drivers, challenges, and industry developments. The report also offers valuable insights into the leading players operating in the market and their strategies.
The market is expected to witness significant growth in Asia-Pacific, driven by increasing investments in space exploration and satellite communications in countries such as China, India, and Japan. North America is also expected to remain a key market, primarily due to the presence of major spacecraft manufacturers and the growing demand for commercial spacecraft.
Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 8.20% from 2018-2032 |
Segmentation |
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Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 8.20% from 2018-2032 |
Segmentation |
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Note* : In applicable scenarios
Primary Research
Secondary Research
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