How big is the Space Cryogenics Market?

The Space Cryogenics Market size is expected to reach USD 18.90 billion in 2024 and grow at a CAGR of 7.20% to reach USD 26.75 billion by 2029. Read More

What is the current Space Cryogenics Market size?

In 2024, the Space Cryogenics Market size is expected to reach USD 18.90 billion. Read More

Who are the key players in Space Cryogenics Market?

THALES, Northrop Grumman Corporation, Absolut System, Sumitomo Heavy Industries, Ltd. and Honeywell International Inc. are the major companies operating in the Space Cryogenics Market. Read More

Which is the fastest growing region in Space Cryogenics Market?

Europe is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Space Cryogenics Market?

In 2024, the North America accounts for the largest market share in Space Cryogenics Market. Read More

What years does this Space Cryogenics Market cover, and what was the market size in 2023?

In 2023, the Space Cryogenics Market size was estimated at USD 17.54 billion. The report covers the Space Cryogenics Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Space Cryogenics Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Space Cryogenics Market Size & Share Analysis - Industry Research Report

Space Cryogenics Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Space Cryogenics Market Report is Segmented by Cooling Type (High-Temperature Coolers and Low-Temperature Coolers), Application (Earth-Observation, Telecom Applications, Technology-Demonstration Missions, and Cryo-Electronics Applications), Temperature (Less Than 120K, 120K To 150K, and More Than 150K), and Geography (North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa). The Report Offers Market Size and Forecast for all the Above-Mentioned Segments in Value (USD).

Space Cryogenics Industry Overview

The space cryogenics market is consolidated, with leading players having the highest market share. Some of the key market players include THALES, Northrop Grumman Corporation, Absolut System, Sumitomo Heavy Industries Ltd, and Honeywell International Inc.

These companies are leaders in cryogenic technology and suppliers of cryogenic coolers. Companies are investing in the R&D of cryogenic systems that offer automated controls, remote monitoring, and maintenance capabilities to help streamline spacecraft operations and reduce the risk of human error. By reducing the complexity of cryogenic systems and enhancing their ease of use, spacecraft operators can focus on mission objectives rather than intricate system management.