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A10721 | Pages: 534 | Charts: 69 | Tables: 157 |
The global spacecraft market size was valued at $6.9 billion in 2023, and is projected to reach $11.7 billion by 2033, growing at a CAGR of 5.7% from 2024 to 2033.
A spacecraft is a vehicle designed for travel or operation in outer space, where traditional means of transportation are ineffective due to the lack of atmosphere and extreme conditions. Spacecraft can be manned or unmanned, with the primary purpose of exploration, scientific research, communication, or military use. It is engineered to withstand the vacuum of space, intense radiation, and extreme temperatures. Key components of a spacecraft include propulsion systems for movement, power systems such as solar panels, life support systems for human crews, navigation systems for guidance, and various instruments for communication and scientific measurements.
Manned spacecraft, like the International Space Station and crewed missions such as Apollo, support astronauts for extended periods, requiring robust life support and habitability systems. Unmanned spacecraft, such as satellites and probes, perform tasks ranging from Earth observation to deep space exploration. Notable examples include the Hubble Space Telescope, which has provided unparalleled images of distant galaxies, and the Voyager probes, which continue to send data from beyond our solar system. The development and operation of spacecraft involve sophisticated engineering, rigorous testing, and collaboration across scientific disciplines, making space missions a pinnacle of human ingenuity and a testament to our quest for knowledge.
The spacecraft market study covers 20 countries. The research includes a segment analysis of each country in terms of value for the projected period.
More than 1,500 product literatures, industry releases, annual reports, and other such documents of major Spacecraft industry participants along with authentic industry journals, trade associations' releases, and government websites have been reviewed for generating high-value industry insights.
The study integrated high-quality data, professional opinions and analysis, and critical independent perspectives. The research approach is intended to provide a balanced view of global markets and to assist stakeholders in making educated decisions in order to achieve their most ambitious growth objectives.
In December 2023, Airbus successfully passed the Preliminary Design Review (PDR) of Ariel, the Atmospheric Remote-sensing Infrared Exoplanet Large-survey spacecraft. This European Space Agency (ESA) mission will study the composition of exoplanets by surveying a diverse sample of about 1000 extrasolar planets in visible and infrared wavelengths.
In May 2023, NASA selected Blue Origin as the Second Artemis Lunar Lander provider. Blue Origin will design, develop, test, and verify its Blue Moon lander to meet NASA's human landing system requirements for recurring astronaut expeditions to the lunar surface, including docking with Gateway, a space station where crew transfer in lunar orbit.
In November 2022, SpaceX launched a new cargo Dragon spacecraft to the space station. It delivered 3, 528 kilograms of cargo to the station, including supplies for the station's crew, research experiments, and hardware.
May 2022, The CST-100 Starliner spacecraft, part of NASA and Boeing's collaboration, concluded its uncrewed Orbital Flight Test-2 (OFT-2) by safely landing, marking a successful mission to verify its readiness for carrying astronauts to the International Space Station.
Key Market Segments
Key Market Players