openPR Logo
Press release

Space Sensors and Actuators Market worth $7.7 billion by 2026

07-16-2021 07:24 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: MarketsandMarkets

According to a research report "Space Sensors and Actuators Market by Product Type (Sensors and Actuators), Platform (Satellites, CapsulesCargos, Interplanetary Spacecraft & Probes, Rovers/Spacecraft Landers, Launch Vehicles), Application, End User, Region - Forecast to 2026" published by MarketsandMarkets, the space sensors and actuators market is projected to grow from USD 3.3 billion in 2021 to USD 7.7 billion by 2026, at a CAGR of 18.5%. from 2021 to 2026. The space sensors and actuators market is growing at a significant rate across the world, and a similar trend is expected to be observed during the forecast period. Ongoing advancements in space sensor technology and actuators, increasing number of small satellite launches by SpaceX (US) and OneWeb (UK), and growing investments in space exploration missions such Mars and Moon are fueling the growth of the space sensors and actuators market.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=73650517

Growing investments by several governments particularly in developed and developing economies such as the US, India, and China, among others. COVID-19 has affected the Space sensors and actuators market growth to some extent, and this varies from country to country. Industry experts believe that the pandemic has not affected the demand for Space sensors and actuators in applications.

“Based on application, the command and data handling system (C&DH) segment of application is expected to lead the space sensors and actuators market from 2021 to 2026.”

Over the past few years, there has been an explosion of activity in the space exploration of Mars and Moon. In March 2020, NASA’s launched its Mars rover mission, a Mars exploration program that includes the rover perseverance and the small robotic, coaxial helicopter ingenuity.

“Based on platform, the satellite segment is estimated to lead the space sensors and actuators market from 2021 to 2026.”

Based on platform, satellite segment is estimated to lead the space sensors and actuators market from 2021 to 2026 and is projected to grow further due to the adoption of advanced technologies in space sensors such as quantum sensors, complementary metal-oxide-semiconductor (CMOS) imaging sensors technology or CMOS imaging sensors (CIS).

“The North America region is estimated to account for the largest share of Space sensors and actuators market in 2021.”

Based on region, North America is expected to lead the space sensors and actuators market from 2021 to 2026. The US is the largest market for space sensors and actuators in North America. The growing demand for commercial lunar moon and mars missions, increasing deployment of orbiter satellites and CubeSats in moon exploration and planned commercial crewed/manned missions for planetary exploration are key factors expected to drive the market in North America. The market growth in this region can also be attributed to the high demand for orbiter satellites deployment as well as advancements in space systems from NASA and other private players, such as SpaceX (US), Blue Origin (US), and Maxar Technologies (US), among others. The successful execution of high-tech space sensors and actuators used to take payloads into outer planet mobility has increased the number of outer planetary exploration. Technological breakthroughs and resourceful insights obtained from past space missions have inspired new players to invest in this niche market.

Inquiry Before Buying @ https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=73650517

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.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Space Sensors and Actuators Market worth $7.7 billion by 2026 here

News-ID: 2329887 • Views:

More Releases from MarketsandMarkets

Laser Interferometer Market Set to Grow at the Fastest Rate- Time to Grow your Revenue
Laser Interferometer Market Set to Grow at the Fastest Rate- Time to Grow your R …
The global laser interferometer market is expected to be valued at 315 million in 2024 and is projected to reach USD 447 million by 2029, at a CAGR of 7.2% from 2024 to 2029. Emerging applications in industries push the market's growth due to the growing demand for precision in the manufacturing sector. However, challenges such as higher initial investments and maintenance costs cause problems. Despite these, opportunities arise for
With 19.6% CAGR, Battery Testing, Inspection, and Certification Market Growth to Surpass USD 36.7 billion
With 19.6% CAGR, Battery Testing, Inspection, and Certification Market Growth to …
The battery testing, inspection, and certification market is projected to reach USD 36.7 billion by 2029 from USD 14.9 billion in 2024 at a CAGR of 19.6% during the forecast period. Increasing adoption of EVs and energy storage systems, rising enforcement of stringent standards to ensure battery safety, thriving portable electronics industry, and rapid advances in battery technology are the major factors contributing to the market growth. Download PDF Brochure @
Real-Time Location Systems Revolutionize Healthcare: Insights from MarketsandMarkets
Real-Time Location Systems Revolutionize Healthcare: Insights from MarketsandMar …
The global RTLS market for healthcare is projected to grow from USD 2.3 billion in 2024 to USD 5.7 billion by 2029, at a compound annual growth rate of 19.6% from 2024 to 2029. As it attracts more and more players who enter this market with innovative RTLS features for customers, the market for RTLS technology is rapidly increasing. Top companies in this market focus on healthcare, retail, and manufacturing
Offsite Data Center Power Infrastructure Market Size to Reach $35.4 billion by 2030 | Leading key players are ABB, Schneider Electric, Eaton, Vertiv
Offsite Data Center Power Infrastructure Market Size to Reach $35.4 billion by 2 …
According to a research report "Offsite Data Center Power Infrastructure Market by Component (Solutions and Services), Vertical (BFSI, Media & Entertainment, Government & Defence, Healthcare, Manufacturing, IT & Telecom, Retail) and Region - Global Forecast to 2030" published by MarketsandMarkets, the market size for global offsite data center power infrastructure market is projected to reach approximately USD 35.4 billion by the year 2030, as compared to the estimated value of

All 5 Releases


More Releases for Space

Space And Space Station Robotics Market Size Analysis by Application, Type, and …
According to Market Research Intellect, the global Space And Space Station Robotics market under the Internet, Communication and Technology category is expected to register notable growth from 2025 to 2032. Key drivers such as advancing technologies, changing consumer behavior, and evolving market dynamics are poised to shape the trajectory of this market throughout the forecast period. The market for space and space station robots is expanding quickly due to rising expenditures
Uncovering the Future: Space Refuelling Service Market 2025-2032 Analysis by Top …
The latest research study released by Worldwide Market Reports on "Space Refuelling Service Market 2025" holds tons of experience in offering comprehensive and accurate analysis of global as well as regional markets. The analysts and researchers authoring the report have provided a deeper competitive analysis of the Space Refuelling Service market along with exhaustive company profiling of leading market players. This research study of the Space Refuelling Service Market involved
Space Laser Communication Market Outlook 2022 Global Industry Demand, Trends, Si …
The Space Laser Communication Market research report state the pricing structure, import-export details, SWOT analysis, supply chain analysis and facilitate the key decision-making process. Also, the report provides the complete structure and fundamental overview of the industry. It also provides insights about market aspects like CAGR value, market share, revenue analysis and much more. The Space Laser Communication Market research report evaluates the growth opportunities, market drivers, threats and risk involved.
Space and Space Station Robotics Market May Set New Growth Story | Made In Space …
HTF Market Intelligence released a new research Study of 86 pages on title 'Space and Space Station Robotics Market - Global Industry Analysis & Forecast US$ Million, 2019 – 2025' with in-depth analysis, forecast and business moves. The study covers key regions and important players such as Maxar Technologies, Motiv Space Systems, Altius Space Machines, Northrop Grumman, Honeybee Robotics, Astrobotic Technology, Made In Space, Inc., Effective Space Solutions Limited. Request
Space And Space Station Robotics Market 2020 Analysis and Precise Outlook -Maxar …
Global Space And Space Station Robotics Market Size, Status And Forecast 2020-2026 The report provides a unique tool for evaluating the Space And Space Station Robotics Market, highlighting opportunities, and supporting strategic and tactical decision-making. This report recognizes that in this rapidly-evolving and competitive environment, up-to-date marketing information is essential to monitor performance and make critical decisions for growth and profitability. It provides information on trends to identify emerging technologies and
Space Mining Market Outlook to 2025 - Asteroid Mining, China National Space Admi …
The "Global Space Mining Market Analysis to 2025" is a specialized and in-depth study of the space mining market with a focus on the global market trend. The report aims to provide an overview of global space mining market with detailed market segmentation by phase, type of asteroid, application and geography. The global space mining market is expected to witness high growth during the forecast period. The report provides key