Press release
AI in Space Exploration Global Market Report 2024 Market Research Analysis 2024-2033 | Growth, Size, Demand, Analysis, Insights
AI in Space Exploration Global Market Size
According to The Business Research Company's, The ai in space exploration market size has grown exponentially in recent years. It will grow from $3.4 billion in 2023 to $4.44 billion in 2024 at a compound annual growth rate (CAGR) of 30.8%. The growth in the historic period can be attributed to demand for ai technology to enhance space missions, increased government investment, increased autonomous systems and robotics, increased data management, cognitive cloud computing in space.
The ai in space exploration market size is expected to see exponential growth in the next few years. It will grow to $12.78 billion in 2028 at a compound annual growth rate (CAGR) of 30.2%. The growth in the forecast period can be attributed to increasing number of space launches, increasing number of space missions, increasing autonomous vehicles, increasing anomaly detection, increasing satellite operations. Major trends in the forecast period include technological advancements, product innovations, integrating ai technologies,ai-powered robots, development of new space technologies.
Get The Complete Scope Of The Report @
https://www.thebusinessresearchcompany.com/report/ai-in-space-exploration-global-market-report
Market Drivers and Trends:
An increasing number of space missions is expected to propel the growth of the AI in space exploration market going forward. Space missions refer to planned and organized endeavors to explore outer space or celestial bodies using spacecraft, satellites, rovers, telescopes and other technologies. AI in space exploration provides numerous benefits, enhancing the capabilities of space missions across various aspects such as autonomous navigation and control, enhanced data analysis, automated planning and scheduling and advanced robotics. For instance, in January 2024, according to the United Nations Office for Outer Space Affairs, an Austria-based United Nations secretariat, 2,664 objects were launched into orbit in 2023, compared to 2,478 in 2022, indicating an increase in the launch of space missions. Therefore, the increasing number of space missions is driving the AI in space exploration market.
Major companies operating in the AI in space exploration market are focused on developing strategic collaborations to strengthen their position in the market. Strategic collaborations refer to purposeful partnerships or alliances between entities to achieve common goals, leveraging complementary strengths and resources for mutual benefit. For instance, in February 2023, IBM, a US-based multinational technology corporation, and NASA, a US-based government agency, collaborated to apply artificial intelligence (AI) to Earth science data, to discover new insights about our planet. The collaboration involves the development of AI foundation models to analyze petabytes of text and remote-sensing data, with the models being open and available to the entire science community.
Key Benefits for Stakeholders:
• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
Ready to Dive into Something Exciting? Get Your Free Exclusive Sample of Our Research Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=13570&type=smp
Major Key Players of the Market:
Major companies operating in the ai in space exploration market report are Lockheed Martin, Airbus, IBM, Northrup Grumman, Hewlett Packard Enterprise (HPE), Thales Group, Booz Allen Hamilton, Spacex, Maxar Technologies Inc., Astroscale, Planet Labs Inc., Spire Global, Iceye, Capella Space, Blacksky Global, Hawkeye 360, D-Orbit, Orbital Insight Inc., LeoLabs, Slingshot Aerospace, Kuva Space, Analytical Space, Raptor Maps, Phase Four, Descartes Labs, AADYAH Aerospace, Ubotica Technologies, Swarm Technologies, Exo-Space, Craft Prospect
AI in Space Exploration Market 2024 Key Insights:
• The ai in space exploration market is expected to grow to $12.78 billion in 2028 at a compound annual growth rate (CAGR) of 30.2%.
• Growing Space Missions Driving The Expansion Of The AI In Space Exploration Market
• Strategic Collaboration By Major Players Elevate The AI In Space Exploration Market
• North America was the largest region in the AI in space exploration market in 2023
We Offer Customized Report, Click @
https://www.thebusinessresearchcompany.com/Customise?id=13570&type=smp
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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 AI in Space Exploration Global Market Report 2024 Market Research Analysis 2024-2033 | Growth, Size, Demand, Analysis, Insights here
News-ID: 3672387 • Views: …
More Releases from The Business research company
Company Registration Service Market Landscape 2025: Forecast Data and Growth Str …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Company Registration Service Market Through 2025?
The market size for company registration services has seen robust growth in the recent past. The market is projected to expand from $10.67 billion in 2024 to $11.55 billion in 2025, exhibiting a compound annual growth…
Comprehensive 2025 Commercial Toilet Partition Market Overview: Trends, Forecast …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Toilet Partition Market Through 2025?
In recent years, the market size for commercial toilet partitions has significantly expanded. The forecast predicts a rise from $1.82 billion in 2024 to $1.95 billion in 2025, with a compound annual growth rate (CAGR) of…
Key Trends Influencing the Growth of the Commercial Insurance For Small And Medi …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Insurance For Small And Medium-Sized Enterprises (SMEs) Market Through 2025?
The market size of commercial insurance for small and medium-sized enterprises (SMEs) has seen substantial growth over the recent years. A rise from $111.83 billion in 2024 to $119.76 billion in…
Growing Focus On Reducing Greenhouse Gas Emissions Driving The Market Growth Due …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Combustion Emissions Analyzer Market Through 2025?
In the past few years, the market size for combustion emissions analyzer has seen robust growth. It is projected to increase from $1.02 billion in 2024 to $1.09 billion in 2025, with a compound annual growth…
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…
