Press release
Surge In Space Exploration Missions Fueling The Growth Of The Market Due To Rising Global Interest In Life Beyond Earth: A Key Catalyst Accelerating Mars Entry Descent And Landing System Market Growth in 2025
Mars Entry Descent And Landing System
What Is the Expected CAGR for the Mars Entry Descent And Landing System Market Through 2025?
In recent times, the market size for the mars entry descent and landing system has seen a swift expansion. The growth is expected to rise from a size of $2.13 billion in 2024 to reach $2.43 billion in 2025, with a compound annual growth rate (CAGR) as high as 13.8%. The upturn observed in the historical phase could be the result of intensified international curiosity explored towards Mars, amplified government contributions to planetary expeditions, heightened international partnerships for space schemes, an augmenting count of robotic exploration operations, and the advancement of spacecraft design and propulsion.
What's the Projected Size of the Global Mars Entry Descent And Landing System Market by 2029?
In the coming years, it is anticipated that the Mars entry descent and landing system market will experience a rapid expansion. By 2029, it is projected to grow to $4.01 billion at a compound annual growth rate (CAGR) of 13.4%. The growth over the future period is likely to be driven by factors such as the increase in private sector involvement in Mars expeditions, heightened emphasis on human exploration of Mars, rising funding for state-of-the-art EDL technologies, growing usage of reusable space systems, and escalating need for high-precision landing technologies. Anticipated market trends include advances in autonomous navigation and guidance systems, more sophisticated use of AI and machine learning in EDL, reusable entry, and landing system development, innovations in thermal protection and heat shield materials, and progress in creating lightweight and compact EDL components.
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Top Growth Drivers in the Mars Entry Descent And Landing System Industry: What's Accelerating the Market?
The increasing number of space exploration missions are contributing to the market's growth, triggered by the burgeoning global curiosity about life outside our planet.
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What Trends Will Shape the Mars Entry Descent And Landing System Market Through 2029 and Beyond?
Leading entities in the Mars entry, descent, and landing system sector are placing emphasis on developing tech enhancements like inflatable decelerator systems to facilitate safer and more efficient landings on Mars. These systems are expandable, lightweight heat shields engineered to boost drag and decelerate spacecraft during atmospheric introduction. For example, the National Aeronautics and Space Administration (NASA), a space agency run by the US government, conducted the low-earth orbit flight test of an inflatable decelerator (LOFTID) in November 2022. LOFTID raises payload capacity, decreases landing dangers, underpins cost-efficient missions, and prepares the groundwork for future human and robotic expeditions on Mars. This successful experiment validated the practicality of implementing inflatable heat shield technology for atmospheric entry. This progress signifies an essential progression towards ensuring safe transport of larger payloads needed for long-lasting Mars operations.
What Are the Main Segments in the Mars Entry Descent And Landing System Market?
The mars entry descent and landing system market covered in this report is segmented
1) By Component: Parachutes, Heat Shields, Landing Legs, Propulsion Systems, Sensors, Other Components
2) By Technology: Powered Descent, Parachute Descent, Airbag Landing, Sky Crane, Other Technologies
3) By Application: Manned Missions, Unmanned Missions
4) By End-User: Government Space Agencies, Commercial Space Companies, Research Institutes, Other End-Users
Subsegment:
1) By Parachutes: Disk-Gap-Band (DGB) Parachutes, Supersonic Parachutes, Subsonic Parachutes
2) By Heat Shields: Rigid Heat Shields, Flexible Heat Shields, Inflatable Heat Shields
3) By Landing Legs: Fixed Landing Legs, Retractable Landing Legs, Shock-Absorbing Landing Legs
4) By Propulsion Systems: Retrorockets, Thrusters, Descent Engines
5) By Sensors: Radar Altimeters, LIDAR Systems, Inertial Measurement Units (IMU), Cameras Or Optical Sensors
6) By Other Components: Airbag Systems, Sky Crane Systems, Guidance And Navigation Systems
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Which Top Companies are Driving Growth in the Mars Entry Descent And Landing System Market?
Major companies operating in the mars entry descent and landing system market are Airbus Defence and Space, Lockheed Martin Space, China Aerospace Science and Technology Corporation (CASC), Northrop Grumman Corporation, Honeywell Aerospace, L3Harris Technologies, Leonardo S.p.A., Teledyne Technologies, Israel Aerospace Industries (IAI), Moog Inc., Thales Alenia Space, SENER Aeroespacial S.A., OHB System AG, ILC Dover LP, Heathcoat Fabrics Ltd., Marotta Controls Inc., Indian Space Research Organisation (ISRO), Stellar Technology Inc., Malin Space Science Systems Inc., Paragon Space Development Corporation.
Which Regions Will Dominate the Mars Entry Descent And Landing System Market Through 2029?
North America was the largest region in the mars entry descent and landing system market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in mars entry descent and landing (EDL) system report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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