Press release
AI in Space Exploration Market Poised for Robust Growth: Surge to $5.8 Billion in 2025 at CAGR of 30.5%
AI in Space Exploration Market Size
What Is The Projected Market Size Of The AI in Space Exploration Global Market And Its Growth Rate?
The AI in space exploration market has seen considerable expansion in recent years. Key market growth figures include:
• A growth from $4.44 billion in 2024 to $5.8 billion in 2025 at a compound annual growth rate (CAGR) of 30.5%.
• The expected market size in 2029 is projected at $16.69 billion at a CAGR of 30.2%
The expansion of the AI in space exploration market is driven by increasing space missions, autonomous systems, and novel innovations.
What Is Driving The Growth In The AI in Space Exploration Global Market?
The spike in space missions is a significant growth driver for the AI in space exploration market. Organized endeavors to explore outer space using advanced space technologies and AI have magnified the capabilities of these missions. AI propels autonomous navigation, advanced data analysis, automated planning, and advanced robotics. According to the United Nations Office for Outer Space Affairs, 2,664 objects were launched into orbit in 2023, marking a significant increase from 2,478 in 2022.
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Who Are the Key Players Driving AI in Space Exploration Global Market Growth?
Key companies operating in the AI in space exploration market include:
• Lockheed Martin
• Airbus
• IBM
• Northrup Grumman
• Hewlett Packard Enterprise (HPE)
• Thales Group
• Booz Allen Hamilton
• SpaceX
• Maxar Technologies Inc.
• AstroScale and others
What Are The Key Trends In The AI in Space Exploration Global Market?
Prominent trends supporting the market growth include:
• Technological advancements
• Product innovations
• Integration of AI technologies
• Development and usage of AI-powered robots
• Development of new space technologies
What Are The Segments Of The Global AI in Space Exploration Global Market?
The AI in space exploration market segments include:
• Type: Rovers, Robotic Arms, Space Probes, Other Types
• Application: Robotics, Remote Sensing and Monitoring, Data Analytics, Asteroid Mining, Manned Vehicles and Reusable Launch, Communications, Remote Missions
• End-user: Government, Commercial
Which Region Leads The AI in Space Exploration Global Market?
In 2024, North America led the AI in space exploration market. The report also covers other regions including Asia-Pacific, Western Europe, Eastern Europe, South America, Middle East, and Africa.
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What Is Covered In The AI in Space Exploration Global Market Report?
- Market Size Analysis: Analyze the AI in Space Exploration Global Market Report size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the AI in Space Exploration Global Market Report for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall AI in Space Exploration Global Market Report growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the AI in Space Exploration Global Market Report.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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