Spacecraft Trends and Forecast
The future of the global spacecraft market looks promising with opportunities in the commercial & civil and military markets. The global spacecraft market is expected to reach an estimated $9.7 billion by 2030 with a CAGR of 4.5% from 2024 to 2030. The major drivers for this market are growing investment in space exploration missions by governments and commercial organizations, increase in space exploration missions and the advancement of reusable spacecraft technologies, and growing reliance on earth observation data for weather monitoring, climate change research, and resource management.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Spacecraft by Segment
The study includes a forecast for the global spacecraft by type, end use, and region.
Spacecraft Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Manned Spacecraft
• Unmanned Spacecraft
Spacecraft Market by End Use [Shipment Analysis by Value from 2018 to 2030]:
• Commercial & Civil
• Military
Spacecraft Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Spacecraft Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies spacecraft companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the spacecraft companies profiled in this report include-
• Lockheed Martin
• Blue Origin
• Northrop Grumman
• Airbus
• Sierra Nevada
• Maxar Technologies
• Thales
• OHB
• Spacex
• Boeing Company
Spacecraft Market Insights
Lucintel forecasts that unmanned spacecraft will remain the larger segment over the forecast period.
Within this market, commercial & civil will remain the larger segment.
APAC is expected to witness highest growth over the forecast period.
Features of the Global Spacecraft Market
Market Size Estimates: Spacecraft market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Spacecraft market size by type, end use, and region in terms of value ($B).
Regional Analysis: Spacecraft market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different type, end use, and regions for the spacecraft market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the spacecraft market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the spacecraft market size?
Answer: The global spacecraft market is expected to reach an estimated $9.7 billion by 2030.
Q2. What is the growth forecast for spacecraft market?
Answer: The global spacecraft market is expected to grow with a CAGR of 4.5% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the spacecraft market?
Answer: The major drivers for this market are growing investment in space exploration missions by governments and commercial organizations, increase in space exploration missions and the advancement of reusable spacecraft technologies, and growing reliance on earth observation data for weather monitoring, climate change research, and resource management.
Q4. What are the major segments for spacecraft market?
Answer: The future of the global spacecraft market looks promising with opportunities in the commercial & civil and military markets.
Q5. Who are the key spacecraft market companies?
Answer: Some of the key spacecraft companies are as follows:
• Lockheed Martin
• Blue Origin
• Northrop Grumman
• Airbus
• Sierra Nevada
• Maxar Technologies
• Thales
• OHB
• Spacex
• Boeing Company
Q6. Which spacecraft market segment will be the largest in future?
Answer: Lucintel forecasts that unmanned spacecraft will remain the larger segment over the forecast period.
Q7. In spacecraft market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the spacecraft market by type (manned spacecraft and unmanned spacecraft), end use (commercial & civil and military), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Spacecraft Market, Spacecraft Market Size, Spacecraft Market Growth, Spacecraft Market Analysis, Spacecraft Market Report, Spacecraft Market Share, Spacecraft Market Trends, Spacecraft Market Forecast, Spacecraft Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.