Space Sensors and Actuators Market Growth, Size, Trends, Revenue, Challenges and Future Outlook
Space Sensors and Actuators Market Size- By Product Type, By Platform, By Application, By End User- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| 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.
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:
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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 report1.2. Market segment analysis
2. Research Methodology
2.1. Research data Source2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s2.2. Market size estimation2.2.1. Top-down and Bottom-up approach2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges4.2. COVID-19 Impacts of the Global Space Sensors and Actuators Market
5. Market variable and outlook
5.1. SWOT Analysis5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats5.2. PESTEL Analysis5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape5.3. PORTER’s Five Forces5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Space Sensors and Actuators Market Manufacturing Base Distribution, Sales Area, Product Type6.2. 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, 2023-20337.2. Actuators7.2.1. Linear Actuators7.2.2. Rotary Actuators7.3. Sensors7.3.1. Attitude Measurements7.3.2. Flow Sensors7.3.3. GPS Sensors7.3.4. Gravity Sensors7.3.5. Humidity Sensors7.3.6. Image Sensors7.3.7. Position & Velocity Sensors7.3.8. Pressure Sensors7.3.9. Proximity Sensors7.3.10. Spectrometers7.3.11. Vacuum Ultraviolet Photodetectors7.3.12. Vibration Sensors7.3.13. 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, 2023-20338.2. Capsules/Cargos8.3. Interplanetary Spacecraft & Probes8.4. Launch Vehicle8.5. Rovers/Spacecraft Landers8.6. 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, 2023-20339.2. Attitude & Orbital Control System9.3. Berthing And Docking System9.4. Command & Data Handling System9.5. Engine Valve Control System9.6. Propellent Feed System9.7. Robotic Arm/Manipulator System9.8. Rocket Motors9.9. Solar Array Drive Mechanism9.10. Surface Mobility And Navigation System9.11. Telemetry9.12. Thermal System9.13. Thrust Vector Control System9.14. Tracking And Command9.15. 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, 2023-203310.2. Commercial10.3. 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-Pacific17.3.1. Australia17.3.2. China17.3.3. India17.3.4. Japan17.3.5. South Korea17.3.6. Rest of Asia-Pacific17.4. Europe17.4.1. France17.4.2. Germany17.4.3. Italy17.4.4. Spain17.4.5. United Kingdom17.4.6. Rest of Europe17.5. Middle East and Africa17.5.1. Kingdom of Saudi Arabia17.5.2. United Arab Emirates17.5.3. Rest of Middle East & Africa17.6. North America17.6.1. Canada17.6.2. Mexico17.6.3. United States17.7. Latin America17.7.1. Argentina17.7.2. Brazil17.7.3. Rest of Latin America
18. Company Profile
18.1. AMETEK, Inc.18.1.1. Company details18.1.2. Financial outlook18.1.3. Product summary18.1.4. Recent developments18.2. Analog Devices, Inc.18.2.1. Company details18.2.2. Financial outlook18.2.3. Product summary18.2.4. Recent developments18.3. Bradford Space18.3.1. Company details18.3.2. Financial outlook18.3.3. Product summary18.3.4. Recent developments18.4. Honeywell International Inc.18.4.1. Company details18.4.2. Financial outlook18.4.3. Product summary18.4.4. Recent developments18.5. Moog Inc.18.5.1. Company details18.5.2. Financial outlook18.5.3. Product summary18.5.4. Recent developments18.6. RUAG Group18.6.1. Company details18.6.2. Financial outlook18.6.3. Product summary18.6.4. Recent developments18.7. STMicroelectronics18.7.1. Company details18.7.2. Financial outlook18.7.3. Product summary18.7.4. Recent developments18.8. TE Connectivity18.8.1. Company details18.8.2. Financial outlook18.8.3. Product summary18.8.4. Recent developments18.9. Teledyne Technologies Limited18.9.1. Company details18.9.2. Financial outlook18.9.3. Product summary18.9.4. Recent developments18.10. Texas Instruments Incorporated18.10.1. Company details18.10.2. Financial outlook18.10.3. Product summary18.10.4. Recent developments18.11. 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.
Frequently Asked Questions About This Report
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.
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.
Space Sensors and Actuators Market CAGR of 12.92% during the forecast period.
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Space Sensors and Actuators Market size is USD 10.16 billion from 2023 to 2033.
Space Sensors and Actuators Market Segment is Covered By Product Type, By Platform, By Application, By End User
The Asia-Pacific region is anticipated to have the highest market share 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
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.
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