By Region (North America, Europe, Asia, Middle East, RoW), By Sector (Payload, Orbit, Launch Platform, Launch Vehicle), and by End-Use (Civil, Commercial, Military)
The Space Industry is emerging as one of the most lucrative industry globally. The Space Industry, is valued at US$ 360 billion in 2018, is projected grow at a CAGR of 5.6%, to value US$ 558 billion by 2026. Demand for nano-satellites and re-usable launch vehicle systems is anticipated to be driven by the massive investment made by countries like US, China, Russia and the European Union in the development of next generation satellite systems and the large scale procurement of such systems by countries like Saudi Arabia, India, Japan and South Korea. The United States is the largest spender in the domain with China, European Union, India, Russia, Japan and South Korea anticipated accounting for the bulk of spending.
In terms of categories, nano satellites is expected to account for the highest proportion of spending, followed by markets for reusable launch vehicles, especially those vehicles that can place payloads in LEO orbit. The market for Satellites is anticipated to be the largest category primarily due to the ongoing procurement of such systems by countries of the Asia Pacific, North America and European regions.
North America is expected to account for the largest share of the total global expenditure followed by the Asia Pacific Region where countries like China, India, South Korea and Japan are investing billions to procure such systems.
The report "Global Space Industry Market and Technology Forecast to 2026" offers detailed analysis of the global Space Industry and provides market size forecasts. Furthermore, it covers key technological and market trends in the industry and analyzes factors influencing demand for such Systems.
In particular, it provides an in-depth analysis of the following: - Overview: Snapshot of the various Space Launch Systems market during 2018-2026, including highlights of the demand drivers, trends and challenges. It also provides a snapshot of the spending with respect to regions as well as segments. It also sheds light on the emergence on new technologies - Market Dynamics: Insights into the technological developments in this market and a detailed analysis of the changing preferences of governments around the world. It also analyzes changing industry structure trends and the challenges faced by the industry participants. - Segment Analysis: Insights into the various Systems market from a segmental perspective and a detailed analysis of factors influencing the market for each segment. - Regional Review: Insights into modernization patterns and budgetary allocation for top countries within a region. - Regional Analysis: Insights into the Systems market from a regional perspective and a detailed analysis of factors influencing the market for each region. - Trend Analysis : Key Civil, Commercial & Defense Market: Analysis of the key markets in each region, providing an analysis of the various Systems segments expected to be in demand in each region. - Key Program Analysis: Details of the top programs in each segment expected to be executed during the forecast period. - Competitive landscape Analysis: Analysis of competitive landscape of this industry. It provides an overview of key companies, together with insights such as key alliances, strategic initiatives and a brief financial analysis.
Scope - The Space Industry is projected to register a CAGR of 5.6% over 2018-2026. - In terms of categories, nano satellites segment is anticipated to account for one of the largest share of expenditure globally - The Middle Eastern market is growing rapidly and European space majors can make rapid inroads into this market - The fastest growing market from 2024 onwards will be China as the Chinese Government continues to make billions of dollars of investment in this industry
Reasons to buy - Determine prospective investment areas based on a detailed trend analysis of the global Space Industry over the next eight years - Gain in-depth understanding about the underlying factors driving demand for different systems segments in the top spending countries across the world and identify the opportunities offered by each of them - Strengthen your understanding of the market in terms of demand drivers, industry trends, and the latest technological developments, among others - Identify the major channels that are driving the global space business, providing a clear picture about future opportunities that can be tapped, resulting in revenue expansion - Channelize resources by focusing on the ongoing programs that are being undertaken by the ministries of different countries within the space industry. - Make correct business decisions based on thorough analysis of the total competitive landscape of the sector with detailed profiles of the top systems providers around the world which include information about their products, alliances, recent contract wins and financial analysis wherever available
Our reports have been used by over 10K customers, including:
This research service provides information on major industry trends as well as insights into the top 14 space agencies, including the new and emerging ones. It covers the most advanced space activities and programs, international space collaborations, growth opportunities of emerging and developed space agencies from around the world, and...
The Space situational awareness market is projected to grow from USD 1.5 billion in 2021 to USD 1.8 billion by 2026, at a CAGR of 4.6%. Space situational awareness refers to the tracking and surveillance of objects in the earth’s orbit, monitoring space weather conditions, and tracking & detecting near-earth objects to mitigate or reduce the...
The global radar system market exhibited moderate growth during 2015-2020. Looking forward, the market is expected to grow at a CAGR of around 4% during 2021-2026. Radar (Radio Detection and Ranging) system refers to an electromagnetic system that detects the location and distance of objects through radio waves. It...
Strong signal: Profit is expected to increase as input costs continue to decrease Abstract Radar & Satellite Operations in the US The Radar and Satellite Operations industry occupies a robust position in the US telecommunications sector; working closely with telecommunications service providers, this...
Smart Space Companies are revising their long-term strategies to emerge stronger in the post-COVID pandemic scenario. After facing series of challenges such as supply chain disruption, demand fluctuations, other pressing concerns during 2020, companies are revising their strategies through modifying the composition of product portfolios, investing...
167 pages •
By Global Industry Analysts
• Apr 2021
Abstract: - Global Smart Spaces Market to Reach $16.4 Billion by 2027 - Amid the COVID-19 crisis, the global market for Smart Spaces estimated at US$9.1 Billion in the year 2020, is projected to reach a revised size of US$16.4 Billion by 2027, growing at aCAGR of 8.8% over the period 2020-2027. Solutions, one of the...
Tech, Media and Telecom (TMT) Predictions 2021 - Thematic Research Summary In this report, we identify the top 30 themes that will impact the technology, media, and telecoms (TMT) sector in 2021. For each theme, we offer a series of predictions, identify winners and losers, and point you to further...
Space Systems in Aerospace and Defense - Thematic Research Summary The government sector (including the military) has historically been a primary driver for the space systems market.However, in terms of population commercial satellites have come to dominate, representing 46% of operational satellites...
Out of this world: Rising demand has created space for new firms and launched revenue growth Abstract Satellite Communications and Astronautics in Australia Industry firms design, manufacture or operate space equipment and subsystems to provide value through exploring, managing or utilising space. The...
The cryocooler market is estimated to be worth USD 2.3 billion in 2020 and is projected to reach USD 3.1 billion by 2025, at a CAGR of 6.0%. The cryocooler market has a promising growth potential owing to several factors such as surging adoption of cryocoolers in MRI, NMR equipment, and proton therapy in healthcare sector, high rate of depletion...
Research And Development
You can change your Cookie Settings at any time but parts of our site will not function correctly without them.