Global space sensor market is anticipated to grow at a considerable CAGR of 8.2% during the forecast period (2024–2031). The market has recorded constant demand from space exploration firms owing to increased investment and deployment of space exploration missions for commercial and social purposes. For instance, in April 2024, Fleet Space Technologies, an Australian space exploration business, announced the successful deployment of its next-generation Centauri-6 satellite on SpaceX's Bandwagon-1 mission. The addition of Centauri-6 to Fleet Space's satellite constellation will help meet global demand for its end-to-end mineral exploration solution, ExoSphere while enhancing its ability to supply superior SATCOM capabilities via microsatellite architectures.
Browse the full report description of “Space Sensors Market Size, Share & Trends Analysis Report by Type (IMU Sensors, GPS Sensors, Star Sensors, Optical Sensors, Synthetic Aperture Radar Sensors, Pressure Sensors, Temperature Sensors, and Others (Vibration Sensors, Gas Sensors)), by Platform (Satellites, Space Station & Testing Probes, Rovers/Spacecraft Landers, and Launch Vehicle), by End-User (Civil, Commercial, and Defense). Forecast Period (2024-2031).” at https://www.omrglobal.com/industry-reports/space-sensor-market
Moreover, state-driven organizations such as NASA, ISRO, and ROSCOSMOS have been provided ample government support to enhance their space exploration capabilities and develop a beneficial understanding of the cosmos. For instance, in March 2024, the US government issued the President's Budget for Fiscal Year 2025, which contains financing to invest in the US, and its people and funding for NASA to continue improving its understanding of Earth and space while inspiring the world through discovery. The budget enables NASA to launch the Artemis II mission, which will send astronauts around the Moon for the first time in over 50 years, investigate Earth's changing climate, expand commercial markets to serve US space interests and inspire the Artemis generation of science, technology, engineering, and math professionals.
Market Coverage
• The market number available for 2023-2031
• Base year: 2023
• Forecast period: 2024-2031
• Segment Covered-
o By Type
o By Platform
o By End-User
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- ABB Ltd., TE Connectivity Ltd., Honeywell International Inc., Ametek Inc., and Airbus S.A.S., among others.
Key questions addressed by the report
Global Space Sensors Market Report Segment
By Type
By Platform
By End-User
Global Space Sensors Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East and Africa
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