Space Sensors and Actuators Market Growth, Size, Trends, Revenue, Challenges and Future Outlook: SPER Market Research

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Published: Nov 2023	Report ID: AERO2335	Pages: 1 - 244	Formats^*:
Category : Aerospace and Defence

Space Sensors and Actuators Market Introduction and Overview

According to SPER Market Research, the Global Space Sensors and Actuators Market is estimated to reach USD 10.16 billion by 2033 with a CAGR of 12.92%.

The report includes an in-depth analysis of the Global Space Sensors and Actuators Market, including market size and trends, product mix, Applications, and supplier analysis. Specialised equipment called space sensors and actuators is used to identify and quantify physical elements in the space environment, including radiation, temperature, pressure, motion, and magnetic fields. Actuators carry out specified actions in response to signals received from these sensors, which transform physical signals into electrical signals for additional processing. These technologies are used in the space industry for a number of purposes, including as scientific research, weather forecasting, satellite communication, Earth observation, and navigation.

November 20, 2022: Moog Inc. declared that the company's space goods were instrumental in the successful launch of Artemis 1, the first unmanned test flight of NASA's effort to return to the Moon. To guarantee the success of the Artemis mission, each stage is guided by Moog thrust vector control actuators and controllers.

In March 2022: A new accelerometer from Honeywell that offers great performance and dependability in a compact, durable, and affordable design was presented in March 2022. The MV60 micro-electro-mechanical system (MEMS) accelerometer is intended for use in aerospace and defence, but it may also find application in industrial and marine settings where compact, light, and low-power accelerometers with high precision are needed for navigation.

Market Opportunities and Challenges

The surge in demand for wireless sensors across diverse space applications is a key driver for the growth of the space sensors and actuators market. Ongoing advancements in radiation-hardened electro-optical space sensors and substantial investments from private firms in space exploration missions contribute to market acceleration. Increased adoption of CMOS image sensors in Earth observation, a rising preference for small and intelligent actuators in space robotic missions and microsatellites, and the expanding automotive sector are additional factors positively impacting the market. Efforts to reduce the cost of space sensors, growth in the heavy engineering industry, urbanization trends, and the use of solar sensors for deep space missions further contribute to market dynamics. Opportunities arise from the development of quantum sensors for space gravity and climate, the utilization of solar MEMS technology in new space projects, and advancements in actuators tailored for small satellites and launch vehicles.

On the other hand, it is anticipated that government regulations pertaining to spacecraft and problems with sensor and actuator technological maturity for surface missions may hinder market growth. The high expenses associated with developing sensors and actuators that satisfy the demanding specifications of the space sector may prevent the market from expanding. Additionally, it is difficult and frequently restricted to particular facilities to test space sensors and actuators under actual space circumstances, which might impede the development and validation process. Throughout the forecast period, the space sensors and actuators market is expected to face challenges from an increased risk of radiation damage, corrosive atmospheres, and design complexity.

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Market Competitive Landscape

The market for space sensors and actuators is quite competitive, with a number of major companies having global operations. To improve their market position, these businesses concentrate on partnerships, mergers, and acquisitions as well as ongoing innovation. The major players in the Global Space Sensors and Actuators market include: AMETEK, Inc., Analog Devices, Inc., Bradford Space, Honeywell International Inc., Moog Inc., RUAG Group, STMicroelectronics, TE Connectivity, Teledyne Technologies Limited, Texas Instruments Incorporated, Others.

Scope of the Report:

Report Metric	Details
Market size available for years	2019-2033
Base year considered	2022
Forecast period	2023-2033
Segments covered	By Product Type, By Platform, By Application, By End User
Regions covered	North America, Asia-Pacific, Latin America, Middle East & Africa and Europe
Companies Covered	AMETEK, Inc., Analog Devices, Inc., Bradford Space, Honeywell International Inc., Moog Inc., RUAG Group, STMicroelectronics, TE Connectivity, Teledyne Technologies Limited, Texas Instruments Incorporated, Others

COVID-19 Impact on Global Space Sensors and Actuators Market

The global market for space sensors and actuators has been impacted by the COVID-19 epidemic in both positive and bad ways. On the positive side, the epidemic has brought attention to the necessity of remote data gathering and monitoring, which has increased demand for space-based sensing technologies. The demand for space sensors and actuators has also been fuelled by the move towards remote work and a greater reliance on digital connectivity, both of which have been made possible by satellite communication systems. However, the development and delivery of space sensors and actuators have been delayed as a result of the pandemic's effects on manufacturing and supply chain disruptions. Funds may be reallocated by governments and organisations to mitigate the effects of the pandemic, which could have an influence on expenditures for space research and development.

Key Target Audience:

Aerospace and Defense Industry
Commercial Space Industry
Government Space Agencies
Satellite Manufacturers
Space Technology Enthusiasts
Spacecraft Developers
Technology Suppliers
Telecommunications Industry
Others

Our in-depth analysis of the Space Sensors and Actuators Market includes the following segments:

By Product Type:	Actuators Sensors
By Platform:	Attitude & Orbital Control System Berthing And Docking System Command & Data Handling System Engine Valve Control System Propellent Feed System Robotic Arm/Manipulator System Rocket Motors Solar Array Drive Mechanism Surface Mobility And Navigation System Telemetry Thermal System Thrust Vector Control System Tracking And Command
By Platform:	Capsules/Cargos Interplanetary Spacecraft & Probes Launch Vehicle Rovers/Spacecraft Landers Satellites
By End User:	Commercial Government and Defence

Key Topics Covered in the Report:

Global Space Sensors and Actuators Market Size (FY’2023-FY’2033)
Overview of Global Space Sensors and Actuators Market
Segmentation of Global Space Sensors and Actuators Market By Product Type (Sensors and Actuators)
Segmentation of Global Space Sensors and Actuators Market By Platform (Capsules/Cargos, Interplanetary Spacecraft & Probes, Launch Vehicle, Rovers/Spacecraft Landers, Satellites)
Segmentation of Global Space Sensors and Actuators Market By Application (Attitude & Orbital Control System, Berthing and Docking System, Command & Data Handling System, Engine Valve Control System, Propellent Feed System, Robotic Arm/Manipulator System, Rocket Motors, Solar Array Drive Mechanism, Surface Mobility And Navigation System, Telemetry, Thermal System, Thrust Vector Control System, Tracking And Command, Others)
Segmentation of Global Space Sensors and Actuators Market By End User (Commercial, Government and Defence)
Statistical Snap of Global Space Sensors and Actuators Market
Expansion Analysis of Global Space Sensors and Actuators Market
Problems and Obstacles in Global Space Sensors and Actuators Market
Competitive Landscape in the Global Space Sensors and Actuators Market
Impact of COVID-19 and Demonetization on Global Space Sensors and Actuators Market
Details on Current Investment in Global Space Sensors and Actuators Market
Competitive Analysis of Global Space Sensors and Actuators Market
Prominent Players in the Global Space Sensors and Actuators Market
SWOT Analysis of Global Space Sensors and Actuators Market
Global Space Sensors and Actuators Market Future Outlook and Projections (FY’2023-FY’2033)
Recommendations from Analyst

1. Introduction

1.1. Scope of the report
1.2. Market segment analysis

2. Research Methodology

2.1. Research data Source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation

3. Executive Summary

4. Market Dynamics

4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the Global Space Sensors and Actuators Market

5. Market variable and outlook

5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis

6. Competitive Landscape

6.1. Global Space Sensors and Actuators Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Space Sensors and Actuators Market

7. Global Space Sensors and Actuators Market, By Product Type (USD Million)

7.1. Global Space Sensors and Actuators Market Value Share and Forecast, By Product Type, 2023-2033
7.2. Actuators
7.2.1. Linear Actuators
7.2.2. Rotary Actuators
7.3. Sensors
7.3.1. Attitude Measurements
7.3.2. Flow Sensors
7.3.3. GPS Sensors
7.3.4. Gravity Sensors
7.3.5. Humidity Sensors
7.3.6. Image Sensors
7.3.7. Position & Velocity Sensors
7.3.8. Pressure Sensors
7.3.9. Proximity Sensors
7.3.10. Spectrometers
7.3.11. Vacuum Ultraviolet Photodetectors
7.3.12. Vibration Sensors
7.3.13. Others

8. Global Space Sensors and Actuators Market, By Platform (USD Million)

8.1. Global Space Sensors and Actuators Market Value Share and Forecast, By Platform, 2023-2033
8.2. Capsules/Cargos
8.3. Interplanetary Spacecraft & Probes
8.4. Launch Vehicle
8.5. Rovers/Spacecraft Landers
8.6. Satellites

9. Global Space Sensors and Actuators Market, By Application (USD Million)

9.1. Global Space Sensors and Actuators Market Value Share and Forecast, By Application, 2023-2033
9.2. Attitude & Orbital Control System
9.3. Berthing And Docking System
9.4. Command & Data Handling System
9.5. Engine Valve Control System
9.6. Propellent Feed System
9.7. Robotic Arm/Manipulator System
9.8. Rocket Motors
9.9. Solar Array Drive Mechanism
9.10. Surface Mobility And Navigation System
9.11. Telemetry
9.12. Thermal System
9.13. Thrust Vector Control System
9.14. Tracking And Command
9.15. Others

10. Global Space Sensors and Actuators Market, By End User (USD Million)

10.1. Global Space Sensors and Actuators Market Value Share and Forecast, By End User, 2023-2033
10.2. Commercial
10.3. Government and Defence

11. Global Space Sensors and Actuators Market Forecast, 2019-2033 (USD Million)

11.1. Global Space Sensors and Actuators Market Size and Market Share

12. Global Space Sensors and Actuators Market, By Type, 2019-2033 (USD Million)

12.1. Global Space Sensors and Actuators Market Size and Market Share By Type (2019-2026)
12.2. Global Space Sensors and Actuators Market Size and Market Share By Type (2027-2033)

13. Global Space Sensors and Actuators Market, By Product Type, 2019-2033 (USD Million)

13.1. Global Space Sensors and Actuators Market Size and Market Share By Product Type (2019-2026)
13.2. Global Space Sensors and Actuators Market Size and Market Share By Product Type (2027-2033)

14. Global Space Sensors and Actuators Market, By Platform, 2019-2033 (USD Million)

14.1. Global Space Sensors and Actuators Market Size and Market Share By Platform (2019-2026)
14.2. Global Space Sensors and Actuators Market Size and Market Share By Platform (2027-2033)

15. Global Space Sensors and Actuators Market, By Application, 2019-2033 (USD Million)

15.1. Global Space Sensors and Actuators Market Size and Market Share By Application (2019-2026)
15.2. Global Space Sensors and Actuators Market Size and Market Share By Application (2027-2033)

16. Global Space Sensors and Actuators Market, By End User, 2019-2033 (USD Million)

16.1. Global Space Sensors and Actuators Market Size and Market Share By End User (2019-2026)
16.2. Global Space Sensors and Actuators Market Size and Market Share By End User (2027-2033)

17. Global Space Sensors and Actuators Market, By Region, 2019-2033 (USD Million)

17.1. Global Space Sensors and Actuators Market Size and Market Share By Region (2019-2026)
17.2. Global Space Sensors and Actuators Market Size and Market Share By Region (2027-2033)
17.3. Asia-Pacific
17.3.1. Australia
17.3.2. China
17.3.3. India
17.3.4. Japan
17.3.5. South Korea
17.3.6. Rest of Asia-Pacific
17.4. Europe
17.4.1. France
17.4.2. Germany
17.4.3. Italy
17.4.4. Spain
17.4.5. United Kingdom
17.4.6. Rest of Europe
17.5. Middle East and Africa
17.5.1. Kingdom of Saudi Arabia
17.5.2. United Arab Emirates
17.5.3. Rest of Middle East & Africa
17.6. North America
17.6.1. Canada
17.6.2. Mexico
17.6.3. United States
17.7. Latin America
17.7.1. Argentina
17.7.2. Brazil
17.7.3. Rest of Latin America

18. Company Profile

18.1. AMETEK, Inc.
18.1.1. Company details
18.1.2. Financial outlook
18.1.3. Product summary
18.1.4. Recent developments
18.2. Analog Devices, Inc.
18.2.1. Company details
18.2.2. Financial outlook
18.2.3. Product summary
18.2.4. Recent developments
18.3. Bradford Space
18.3.1. Company details
18.3.2. Financial outlook
18.3.3. Product summary
18.3.4. Recent developments
18.4. Honeywell International Inc.
18.4.1. Company details
18.4.2. Financial outlook
18.4.3. Product summary
18.4.4. Recent developments
18.5. Moog Inc.
18.5.1. Company details
18.5.2. Financial outlook
18.5.3. Product summary
18.5.4. Recent developments
18.6. RUAG Group
18.6.1. Company details
18.6.2. Financial outlook
18.6.3. Product summary
18.6.4. Recent developments
18.7. STMicroelectronics
18.7.1. Company details
18.7.2. Financial outlook
18.7.3. Product summary
18.7.4. Recent developments
18.8. TE Connectivity
18.8.1. Company details
18.8.2. Financial outlook
18.8.3. Product summary
18.8.4. Recent developments
18.9. Teledyne Technologies Limited
18.9.1. Company details
18.9.2. Financial outlook
18.9.3. Product summary
18.9.4. Recent developments
18.10. Texas Instruments Incorporated
18.10.1. Company details
18.10.2. Financial outlook
18.10.3. Product summary
18.10.4. Recent developments
18.11. Others

19. List of Abbreviations

20. Reference Links

21. Conclusion

22. Research Scope

SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.

The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.

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Frequently Asked Questions About This Report

How big is Space Sensors and Actuators Market?

Space Sensors and Actuators Market is projected to reach USD 10.16 billion by 2033, growing at a CAGR of 12.92% during the forecast period.

What is the growth rate of Space Sensors and Actuators Market?

Space Sensors and Actuators Market grew in market size from 2023. The Market is expected to reach USD 10.16 billion by 2033, at a CAGR of 12.92% during the forecast period.

What is the anticipated CAGR of Space Sensors and Actuators Market during the forecast period?

Space Sensors and Actuators Market CAGR of 12.92% during the forecast period.

How can I get a sample report on Space Sensors and Actuators Market?

"You can get the sample pages by clicking the link -Click Here"

What is the market size of Space Sensors and Actuators Market?

Space Sensors and Actuators Market size is USD 10.16 billion from 2023 to 2033.

Which segment is expected to lead Space Sensors and Actuators Market?

Space Sensors and Actuators Market Segment is Covered By Product Type, By Platform, By Application, By End User

Which region is expected to have the highest market share in Space Sensors and Actuators Market?

The Asia-Pacific region is anticipated to have the highest market share in Space Sensors and Actuators Market.

Who are the key players in Space Sensors and Actuators Market?

The key players in the market include Companies Covered AMETEK, Inc., Analog Devices, Inc., Bradford Space, Honeywell International Inc., Moog Inc., RUAG Group, STMicroelectronics, TE Connectivity, Teledyne Technologies Limited, Texas Instruments Incorporated, Others

What is the conclusion of Space Sensors and Actuators Market?

Specialised equipment called space sensors and actuators is used to identify and quantify physical elements in the space environment, including radiation, temperature, pressure, motion, and magnetic fields.