Press release
Understanding Chandrayaan-3: Exploring the Critical Enabler & Future of Deep Space Missions
The Success of Chandrayaan-3On August 23, India achieved a historic milestone by successfully landing its lunar lander near the South Pole of the Moon. This landmark achievement has drawn global attention to the advancements being made in deep space exploration. Various government space agencies and private enterprises are collaborating on multiple deep space missions, with goals ranging from studying the atmosphere and surface characteristics to securing surface and sub-surface materials for future mining operations on the Moon, Mars, and beyond. Given the early stage of deep space missions, the focus is on developing reliable space logistics that can be deployed for future missions to farther planets and asteroids. Achieving a soft and precise landing on the Moon, as demonstrated by Chandrayaan-3, is a crucial validation of such capabilities. However, landing on the Moon's far side-not visible from the Earth-presents unique challenges, as platforms could lose contact with mission control depending on their level of autonomy. This could be further complicated if the mission targets unexplored locations, such as the Moon's South Pole, without prior knowledge of environmental conditions and terrain.
The Art of Soft Pinpoint Landing
With no prior knowledge of the conditions of the target location (South Pole), Chandrayaan-3 was a difficult mission to begin with. The lack of external enablers - such as navigation systems using GPS satellites - also made for an extremely risky landing. . The lander would further need to enter an unexplored environment, learn from the conditions, and execute mission objectives accordingly. The guidance, navigation, and control systems of the lunar lander were the most stressed - being responsible for a safe and controlled descent.
According to the Indian Space Research Organization (ISRO), the Chandrayaan-3 lander used a propulsion system comprising 12 (4 800N and 8 58N) bipropellant thrusters and weighed over 2,148 kilograms. It accounted for more than 55% of the total spacecraft weight, indicating the importance of space propulsion capability, which was critical for the mission's essential functions.
While the 12 thrusters provided precise control for the lander, the electronics executed mission functions with great precision while simultaneously learning from the conditions sensed by the lander during its descent. ISRO designated a 4 km by 2.4 km site for the lander, which landed successfully without damaging itself and its primary payload, the rover. Chandrayaan-3's feat is a display of reliable space propulsion capability across applications as the primary spacecraft's propulsion took it to the intended lunar orbit, and the lander's propulsion capability successfully executed a safe, soft pinpoint landing without any damage to itself and the rover.
The Growing Demand for Space Propulsion
With over 30 lunar missions underway or planned and more than 90 deep space missions expected over the next two decades, the demand for reliable space technology is increasing. This growth is particularly evident in the space manufacturing domain, where the need for advanced technologies capable of meeting the complex requirements of deep space missions is becoming more pressing. In addition, the proliferation of NewSpace capabilities and the growing small-satellite market are contributing to the expansion of Earth's orbit missions. Both the Earth orbit and deep space segments require innovative technologies, with propulsion being the most crucial. However, few missions involve operators developing their propulsion capabilities, making it the industry's most frequently outsourced space technology.
"MarketsandMarkets, in its recently published report ', estimated the global space propulsion market to be USD 10.6 billion in 2023 and forecast it to reach USD 18.08 billion by 2028, at a CAGR of 11.3%. The deep space portion of this demand, categorized as 'Beyond Geosynchronous Orbit' (BGEO), is estimated to be USD 554.4 million in 2023 and is expected to reach USD 898.7 million by 2028, at a CAGR of 8.4%. "
The Future of Space
With commercial LEO (Low Earth Orbit) missions dominating the growth of the space industry, government-backed deep space missions are also increasing. This indicates that the space industry is witnessing the deep space segment enter its growth phase. The surge in demand for space capabilities is fueled by the growing number of industry operators seeking enhanced capacities. While the production of satellites and subsystems is evolving to meet the growing demand from Earth orbit missions, customized manufacturing for complex deep space missions is also rising to enable missions to the moon, Mars, and beyond.
Once considered insignificant, asteroid mining use cases are gaining prominence as multiple missions to bring back surface/sub-surface materials are underway. In-situ manufacturing and construction objectives are emerging as lunar missions are nearing the lunar base phases, and utilizing lunar regolith will be an obvious consequence. Identifying minerals capable of replacing or adding to the production on Earth will drive the next wave of deep space missions focusing on bringing large volumes of processed resources from the moon and beyond. For all these to materialize, missions like Chnadrayaan-3 will keep proliferating and creating demand for enhanced next-gen space capabilities. This emerging demand will not only be accessible to space market participants but also to non-space market participants as many non-space capabilities will be required to enable deep space missions in the future.
Chandrayaan-3 has demonstrated an interesting phase of a long-term vision of not just the Indian Space Program but also that of mankind when it comes to space exploration. The journey has just begun, and the space industry has crossed critical checkpoints. The future of the space industry will include much more than space industry participants. MarketsandMarkets will continue to observe, study, and report in this regard.
Reference:
1. https://www.isro.gov.in/Chandrayaan3_Details.html
2. https://www.marketsandmarkets.com/Market-Reports/space-propulsion-market-118742255.html
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
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 Understanding Chandrayaan-3: Exploring the Critical Enabler & Future of Deep Space Missions here
News-ID: 3191473 • Views: …
More Releases from MarketsandMarkets

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 …
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 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 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…
More Releases for Earth
lacit Market With Industrial Analysis by Forecast 2020-2025 | China Minmetals Ra …
This report provides in-depth study on the current state of the Global Lacit Market 2020-2025. Key players in the Global Lacit Market have been identified through the secondary research and their market share has been determined through primary and secondary research.
Global Lacit Market overview:
It is a compound made from lanthanum acetate and citric acid. LaCit market is segmented by Type, and by Application. Players, stakeholders, and other participants in the…
Global Erbium Oxide Market 2017 - Chenguang Rare Earth, Longyi Heavy Rare-Earth, …
The report studies Erbium Oxide in Global market Professional Survey 2017 : Size, Share, Trends, Industry Growth, Opportunity, Application, Production, Segmentation, Cost Structure, Company Profile, Product Picture and Specifications during the Forecast period by 2022
The report Global Erbium Oxide Industry provides a comprehensive analysis of the Erbium Oxide market. The report features industry insights from experts. A detailed segmentation of the Global Erbium Oxide market has been included in the…
Global Dysprosium Oxide Market 2017 - Longyi Heavy Rare-Earth, China Minmetals R …
The report studies Dysprosium Oxide in Global market Professional Survey 2017 : Size, Share, Trends, Industry Growth, Opportunity, Application, Production, Segmentation, Cost Structure, Company Profile, Product Picture and Specifications during the Forecast period by 2022
The report Global Dysprosium Oxide Industry 2017 is a professional, in-depth study that includes insights extracted from complex information, which clients can use for their business advantage. A large volume of precise, reliable market data has…
Global Europium Oxide Market 2017 - Longyi Heavy Rare-Earth, China Minmetals Rar …
The report studies Europium Oxide in Global market Professional Survey 2017 : Size, Share, Trends, Industry Growth, Opportunity, Application, Production, Segmentation, Cost Structure, Company Profile, Product Picture and Specifications during the Forecast period by 2022
The research report titled Europium Oxide has adopted an analytical approach to evaluate the dynamics of the Europium Oxide market. It provides a detailed analysis comprising an in-depth research on the Europium Oxide market growth drivers,…
Global Lutetium Oxide Market 2017 - Treibacher, China Minmetals Rare Earth, Long …
Global Lutetium Oxide Market Research Report 2017
Global Lutetium Oxide Market 2017, presents a professional and in-depth study on the current state of the Lutetium Oxide market globally, providing basic overview of Lutetium Oxide market including definitions, classifications, applications and industry chain structure, Lutetium Oxide Market report provides development policies and plans are discussed as well as manufacturing processes and cost structures. Lutetium Oxide market size,…
Global Rare Earth Metals Market 2017- Beifang Rare Earth, Jiangtong Rare Earth, …
Global Rare Earth Metals Industry 2017 is a comprehensive, professional report delivering market research data that is relevant for new market entrants or established players. Key strategies of the companies operating in the market and their impact analysis have been included in the report. Furthermore, a business overview, revenue share, and SWOT analysis of the leading players in the Rare Earth Metals market is available in the report.
Download Sample Report…