Planetary Defense Market Expansion Continues, with Forecast Valuation of $8.2 Billion by 2029

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Planetary Defense Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size of planetary defense has witnessed substantial growth in the past few years. It's predicted to expand from $5.26 billion in 2024 to $5.76 billion in 2025, with a compound annual growth rate (CAGR) of 9.6%. The historical growth is accredited to factors such as increased instances of near-earth object (NEO) sightings, a surge in worldwide investments in space missions, higher governmental and defense agency backing, the broadening role of private space corporations, and the increasing cognizance of planetary threats.

Planetary Defense Market Size Forecast: What's the Projected Valuation by 2029?
The size of the planetary defense market is predicted to experience substantial growth in the coming years, expanding to $8.20 billion by 2029 with a compound annual growth rate (CAGR) of 9.2%. This predicted growth during the forecast period is influenced by factors such as the advanced technologies being utilized in detection and deflection systems, an increase in satellite usage for surveillance and early alert systems, increased global partnership in planetary defense projects, a surge in space expeditions focused on planetary defense, and the growing use of AI and big data in monitoring space. The key trends anticipated during this forecast period involve breakthroughs in technology for detecting asteroids, incorporation of AI in evaluating threats, technological innovations in kinetic impact systems, progress in space-based surveillance infrastructure, and refinement in systems warning of early collisions and predicting them.

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What Are the Drivers Transforming the Planetary Defense Market?
The rising frequency of space missions is set to fuel the expansion of the planetary defense market. These space missions, which are systematic trips or operations beyond the Earth's atmosphere for scientific, commercial, defense, or exploration activities, are on the rise. This is because of groundbreaking technological improvements like the development of reusable rockets and tiny satellites making space exploration more feasible, efficient, and accessible than ever. Planetary defense is used in these missions to better the control, detection, and possible diversion of potentially dangerous near-Earth objects (NEOs). This helps ensure the safety of Earth and the operation of spacecraft in space. For example, in 2024, the Space Foundation, a US-based nonprofit entity, reported that global space launch activity reached peak levels consecutively for the third year. The report included 223 launch attempts and 212 successful attempts, driven by a 50% increase in commercial launches, a 33% rise in US launch attempts, and the deployment of over 2,800 satellites - a 23% increase from 2022. For these reasons, the increasing frequency of space missions is fuelling the growth of the planetary defense market.

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What Long-Term Trends Will Define the Future of the Planetary Defense Market?
Leading entities in the planetary defense market are prioritizing the creation of cutting-edge solutions like planetary defense probes to identify, monitor, and neutralize possible threats from near-Earth objects (NEOs). These probes are specially engineered spacecrafts used for research, surveillance, or direct interaction with potential dangerous asteroids or comets to avoid collisions with Earth. For instance, in October 2024, the US-based Space Exploration Technologies Corp. initiated the launch of the European Space Agency's Hera planetary defense probe from Cape Canaveral Space Force Station located in Florida. Accompanied by a pair of cubesats, Milani and Juventas, the Hera probe will closely study Dimorphos, carrying out mineralogical surveys and conducting the pioneering subsurface radar probe of an asteroid. The probe's fundamental aim is to investigate the impact's aftermath extensively, measure the crater, scrutinize the momentum transfer and evaluate both Dimorphos' surface and internal properties. This would facilitate the validation and refinement of the kinetic impactor method as a preventative strategy for planetary defense. This mission symbolizes a substantial advancement in the global endeavour to establish strategies to guard the planet against possibly destructive asteroids.

Which Segments in the Planetary Defense Market Offer the Most Profit Potential?
The planetary defense market covered in this report is segmented -

1) By Technology: Kinetic Impact, Nuclear Detonation, Gravity Tractor, Laser Ablation, Other Technologies
2) By Application: Asteroid Detection, Asteroid Deflection, Space Missions, Other Applications
3) By End-User: Government, Space Agencies, Research Institutions, Other End-Users

Subsegments:
1) By Kinetic Impact: Direct Collision Mission, High-Velocity Impact Vehicle, Interceptor Spacecraft, Autonomous Guidance Systems
2) By Nuclear Detonation: Surface Nuclear Blast, Subsurface Nuclear Explosion, Standoff Nuclear Detonation, Radiation Shielding Systems
3) By Gravity Tractor: Mass Accumulation Tractor, Station-Keeping Propulsion System, Long-Duration Trajectory Alteration, Autonomous Navigation And Control
4) By Laser Ablation: Space-Based Laser Platforms, Ground-Based Laser Systems, High-Energy Laser Modules, Targeting And Thermal Tracking Systems
5) By Other Technologies: Ion Beam Deflection, Electromagnetic Rail Systems, Solar Sails For Deflection, Artificial Intelligence-Based Threat Modeling

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Which Firms Dominate the Planetary Defense Market by Market Share and Revenue in 2025?
Major Companies operating in the planetary defense market are RTX Corporation, The Boeing Company, Lockheed Martin Corporation, Airbus S.A.S., Northrop Grumman Corporation, BAE Systems plc, L3Harris Technologies Inc., Leonardo S.p.A., Leidos Holdings Inc., Space Exploration Technologies Corp., Blue Origin LLC, Thales Alenia Space S.A.S., Maxar Technologies Inc., OHB SE, Astroscale Holdings Inc., Rocket Lab USA Inc., Planet Labs PBC, Firefly Aerospace Inc., Redwire Corporation, Terran Orbital Corporation, State Corporation for Space Activities, Orion Space Solutions LLC

Which Regions Offer the Highest Growth Potential in the Planetary Defense Market?
North America was the largest region in the planetary defense market in 2024. The regions covered in the planetary defense market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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