AI in Space Exploration Industry Outlook 2025-2029: Market Set to Cross $16.69 Billion Milestone

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How Large Will the AI in Space Exploration Market Size By 2025?
The market size for AI in space exploration has experienced massive growth in the past few years. Its projected growth is from $4.44 billion in 2024 to $5.8 billion in 2025, with a compound annual growth rate (CAGR) of 30.5%. The driving factors of this growth during the historic period are the increased demand for AI technology in improving space missions, accompanied by higher governmental investments, an increase in autonomous systems and robotics, better data management and the rise of cognitive cloud computing in space.

How Big Is the AI in Space Exploration Market Size Expected to Grow by 2029?
It is anticipated that the AI in space exploration market will undergo remarkable expansion in the coming years, with projections placing it at $16.69 billion by 2029, growing at a compound annual growth rate (CAGR) of 30.2%. Factors contributing to this growth over the prediction period include a surge in space launches, increased number of space missions, a rise in autonomous vehicles, increased anomaly detection, and expanded satellite operations. Key trends anticipated during the forecast period are advancements in technology, product innovations, integration of AI technologies, AI-powered robots, and the development of novel space technologies.

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Which Key Market Drivers Powering AI in Space Exploration Market Expansion and Growth?
The AI in space exploration market's growth is expected to be spurred by the rising number of space missions. The term space missions implies structured efforts to study outer space or celestial objects using satellites, rovers, telescopes, and other forms of technology. The use of AI in space exploration offers numerous perks, boosting the capabilities of space missions in areas such as autonomous control and navigation, improved analysis of data, automated scheduling and planning, and advanced robotics technology. For instance, the United Nations Office for Outer Space Affairs, a secretariat based in Austria, reported that in January 2024, a total of 2,664 objects were sent into orbit in 2023, up from 2,478 in 2022. This signifies an increase in the launch of space missions. Consequently, the upsurge in space missions is stimulating the growth of the AI in space exploration market.

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Which Fast-Growing Trends Are Poised to Disrupt the AI in Space Exploration Market?
Leading entities in the AI for space exploration market are prioritizing the establishment of strategic associations to fortify their market standing. These strategic alliances are intentional partnerships formed between organizations to attain mutual objectives, harnessing shared strengths and resources for reciprocal benefits. For example, in February 2023, IBM, an American multinational tech company, entered a partnership with NASA, a US government agency, with the aim of utilizing artificial intelligence in analyzing Earth science data to derive novel observations about our planet. This alliance encompasses the creation of AI basic models to examine petabytes of text and remote-sensing data, with these AI models being accessible and open for use to the entire scientific community.

What Are the Emerging Segments in the AI in Space Exploration Market?
The AI in space exploration market covered in this report is segmented -

1) By Type: Rovers, Robotic Arms, Space Probes, Other Types
2) By Application: Robotics, Remote Sensing and Monitoring, Data Analytics, Asteroid Mining, Manned Vehicles and Reusable Launch, Communications, Remote Missions
3) By End-user: Government, Commercial

Subsegments:
1) By Rovers: Mars Rovers, Lunar Rovers, Planetary Exploration Rovers
2) By Robotic Arms: Space Station Robotic Arms, Exploration Mission Robotic Arms
3) By Space Probes: Deep Space Probes, Planetary Probes
4) By Other Types: AI-Assisted Satellites, AI-Powered Space Telescopes

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Who Are the Global Leaders in the AI in Space Exploration 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

Which are the Top Profitable Regional Markets for the AI in Space Exploration Industry?
North America was the largest region in the AI in space exploration market in 2024. The regions covered in the ai in space exploration market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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