How big is the Space Sensors And Actuators Market?

The Space Sensors And Actuators Market size is expected to reach USD 3.09 billion in 2024 and grow at a CAGR of 13.40% to reach USD 5.79 billion by 2029. Read More

What is the current Space Sensors And Actuators Market size?

In 2024, the Space Sensors And Actuators Market size is expected to reach USD 3.09 billion. Read More

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

Honeywell International Inc., Moog Inc., Texas Instruments Incorporated, Ametek Inc. and TE Connectivity Ltd. are the major companies operating in the Space Sensors And Actuators Market. Read More

Which is the fastest growing region in Space Sensors And Actuators Market?

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

Which region has the biggest share in Space Sensors And Actuators Market?

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

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

In 2023, the Space Sensors And Actuators Market size was estimated at USD 2.68 billion. The report covers the Space Sensors And Actuators Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Space Sensors And Actuators Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Space Sensors And Actuators Market Size & Share Analysis - Industry Research Report

SPACE SENSORS AND ACTUATORS MARKET SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS (2024 - 2029)

The Space Sensors and Actuators Market Report is Segmented by Product Type (Sensors and Actuators), Platform (Satellites, Capsules/Cargos, Interplanetary Spacecraft & Probes, Rovers/Spacecraft Landers, and Launch Vehicles), End User (Commercial, and Government and Defense), and Geography (North America, Europe, Asia-Pacific, and Rest of the World). The Report Offers Market Size and Forecasts for all the Above Segments in Value (USD).

Space Sensors And Actuators Industry Overview

The increasing presence of prominent space sensors and actuator manufacturers is expected to intensify competitive rivalry during the forecast period. The market is semi-consolidated with the presence of key players such as Honeywell International Inc., Moog Inc., Texas Instruments Incorporated, TE Connectivity Ltd., and Ametek Inc. These players have continuously expanded their operations by focusing on market expansions and acquisitions.

Continuous product launches and technological upgrades effectively set the ball rolling regarding overall market growth in the space sector. For instance, in June 2023, Honeywell and Aegiq, a quantum networking and computing company, signed an MoU to explore creating a comprehensive solution to enable more precise and cost-effective design and deployment of space payloads and related ground assets. This collaboration was intended to combine Honeywell’s atmospheric sensing technology and Aegiq’s emulation toolkit for link performance of optical communication technologies used by small satellites.