Scienza e Tecnologia
Space Sensors and Actuators Market worth $7.7 billion by 2026 - Exclusive Report by MarketsandMarkets™
Growing investments by several governments particularly in developed and developing economies such as the US, India , and China , among others. COVID-19 has affected the Space sensors and actuators market growth to some extent, and this varies from country to country. Industry experts believe that the pandemic has not affected the demand for Space sensors and actuators in applications.
Over the past few years, there has been an explosion of activity in the space exploration of Mars and Moon. In March 2020 , NASA's launched its Mars rover mission, a Mars exploration program that includes the rover perseverance and the small robotic, coaxial helicopter ingenuity.
Based on platform, satellite segment is estimated to lead the space sensors and actuators market from 2021 to 2026 and is projected to grow further due to the adoption of advanced technologies in space sensors such as quantum sensors, complementary metal-oxide-semiconductor (CMOS) imaging sensors technology or CMOS imaging sensors (CIS).
Space Sensors and Actuators Market"
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Based on region, North America is expected to lead the space sensors and actuators market from 2021 to 2026. The US is the largest market for space sensors and actuators in
North America . The growing demand for commercial lunar moon and mars missions, increasing deployment of orbiter satellites and CubeSats in moon exploration and planned commercial crewed/manned missions for planetary exploration are key factors expected to drive the market in North America . The market growth in this region can also be attributed to the high demand for orbiter satellites deployment as well as advancements in space systems from NASA and other private players, such as SpaceX (US), Blue Origin (US), and Maxar Technologies (US), among others. The successful execution of high-tech space sensors and actuators used to take payloads into outer planet mobility has increased the number of outer planetary exploration. Technological breakthroughs and resourceful insights obtained from past space missions have inspired new players to invest in this niche market.
The space sensors and actuators market is dominated by a few globally established players such as Texas Instruments Incorporated (US), Honeywell International Inc. (US), Moog Inc. (US), Teledyne UK Limited (UK), Ametek, Inc. (US), TE Connectivity ( Switzerland ), RUAG Group ( Switzerland ), among others.
Small Satellite Market by Mass (Nanosatellite, Microsatellite, Minisatellite, CubeSat), Subsystem (Satellite Bus, Payload, Satellite Antenna, Solar Panels), Application, NGEO Orbit, End User, Frequency, and Region - Global Forecast to 2025
SATCOM Equipment Market for Space by Component (Transponders, Transceivers, Converters, Amplifiers, Antennas), Satellite Type (CubeSat, Small, Medium, Large), End User (Commercial, Government & Military), Application, Region - Global Forecast to 2025
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