How big is the Spacecraft Market?

The Spacecraft Market size is expected to reach USD 6.89 billion in 2024 and grow at a CAGR of 4.74% to reach USD 8.68 billion by 2029. Read More

What is the current Spacecraft Market size?

In 2024, the Spacecraft Market size is expected to reach USD 6.89 billion. Read More

Which is the fastest growing region in Spacecraft Market?

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

Which region has the biggest share in Spacecraft Market?

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

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

In 2023, the Spacecraft Market size was estimated at USD 6.56 billion. The report covers the Spacecraft Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Spacecraft Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Spacecraft Market - Share, Size, Growth & Industry Analysis

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

The Spacecraft Market Report is Segmented by Type (Manned Spacecraft and Unmanned Spacecraft) 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 Segments in Value (USD).

Spacecraft Industry Overview

The spacecraft market is fragmented, with many players. The prominent players are Boeing Company, Airbus SE, Lockheed Martin Corporation, Space Exploration Technologies Corp., and Sierra Nevada Corporation.

Strategic collaborations and partnerships between market players are projected to drive the technology transfer between companies in the future. For instance, NASA's commercial crew program is a collaboration between key players in the market, including SpaceX, Boeing, and NASA, to fly astronauts to the International Space Station. Furthermore, due to the high growth opportunities in the space sector, many new startups and companies have been venturing into the industry through satellite manufacturing programs in the commercial sector and manned and unmanned systems development programs. This is increasing the competition in the market for existing players.