The Worldwide Space Sensors and Actuators Industry is Projected to Reach $4.9 Billion by 2027 – Yahoo Finance

January 19, 2023

DUBLIN, Jan. 19, 2023 /PRNewswire/ — The “Space Sensors and Actuators Market by Product Type (Sensors and Actuators), Platform (Satellites, CapsulesCargos, Interplanetary Spacecraft & Probes, Rovers/Spacecraft Landers, Launch Vehicles), Application, End User, Region – Global Forecast to 2027” report has been added to ResearchAndMarkets.com’s offering.

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The space sensors and actuators market is projected to grow from USD 2.7 Billion in 2022 to USD 4.9 Billion by 2027, at a CAGR of 12.7% from 2022 to 2027.

Based on End User, the commercial segment is expected to lead the space sensors and actuators market from 2022 to 2027.

Space exploration is an ideal investment option for private players to increase their exploration activities in space. The commercial segment has been further classified into the NewSpace industry, satellite operators & owners, space robotic solution providers, space exploration companies, and satellite and launch vehicle manufacturers.

For instance, in October 2022, SpaceX announced the successful launch of 53 Starlink satellites, boosting its internet-beaming space network to 3,558 satellites. Additionally, on December 2022, OneWeb Satellites, a joint venture between OneWeb, British Government and Airbus Defense and Space to design and manufacture satellites, launched around 40 satellites for the OneWeb constellation from Kennedy Space Center, US.

Based on platform, the satellite segment is estimated to lead the space sensors and actuators market from 2022 to 2027.

Based on the platform, the satellite segment is estimated to lead the space sensors and actuators market from 2022 to 2027 and is projected to grow further. Satellites carry a variety of sensors measuring bio-geophysical parameters such as sea surface temperature, nitrogen dioxide or other atmospheric pollutants, winds, aerosols, and biomass.

These parameters can be evaluated through statistical and spectral analysis techniques. Satellites require swift movement for effective space operation. This swift movement is achieved by the actuators that provide a high torque control capacity. Venture Mfg. is one of the manufacturers of different types of linear actuators for satellite applications

The North America region is estimated to account for the largest share of Space sensors and actuators market in 2022.

Based on region, North America is expected to lead the space sensors and actuators market from 2022 to 2027. There is strong political support in North America for adoption of advanced satellites.

Another key factor fueling the growth of the space sensors and actuators market in the region is that a large number of leading developers of space sensors and actuators are concentrated in North America, with clear policies laid out for dealing with government agencies on defense matters. The satellite industry of North America is the largest in the world.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights
4.1 Attractive Growth Opportunities for Players in Space Sensors and Actuators Market
4.2 Space Sensors Market, by Platform
4.3 Space Actuators Market, by Platform
4.4 Space Sensors and Actuators Market, by Image Sensors Type
4.5 Space Sensors and Actuators Market, by Commercial End-user, 2022
4.6 Space Sensors and Actuators Market, by Country

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Rising Development of Radiation-Hardened Electro-Optical Space Sensors
5.2.1.2 Increasing Adoption of Electro-Hydrostatic Actuators
5.2.1.3 Reducing Cost of Space Sensors
5.2.1.4 Growing Demand for Wireless Sensors
5.2.1.5 Investments by Private Firms in Space Exploration Missions
5.2.1.6 Growing Demand for Small and Smart Actuators
5.2.2 Restraints
5.2.2.1 Government Policies Related to Spacecraft
5.2.2.2 Matured Technology for Surface Missions
5.2.3 Opportunities
5.2.3.1 Development of Advanced Actuators
5.2.3.2 Solar Mems Technology in New Space Projects
5.2.3.3 Quantum Sensors for Space Gravity and Climate
5.2.3.4 New Technologies for Next-Generation Actuators
5.2.3.5 Growing Use of Cmos Image Sensors for Earth Observation
5.2.4 Challenges
5.2.4.1 Complex Design
5.2.4.2 Radiation Damage and Corrosive Atmosphere
5.3 Value Chain Analysis
5.4 Trends Impacting Customers’ Businesses
5.4.1 Revenue Shift and New Revenue Pockets for Space Sensor and Actuator Manufacturers
5.5 Space Sensors and Actuators Market Ecosystem
5.5.1 Prominent Companies
5.5.2 Private and Small Enterprises
5.5.3 End-users
5.6 Average Selling Prices
5.7 Recession Impact on Market Analysis
5.8 Porter’s Five Forces Analysis
5.9 Tariff and Regulatory Landscape
5.10 Operational Data
5.11 Trade Analysis
5.12 Key Stakeholders and Buying Criteria
5.13 Key Conferences and Events in 2022-2023

6 Industry Trends
6.1 Introduction
6.2 Technological Trends
6.2.1 Miniaturization of Space Sensors and Actuators
6.2.2 Use of Shape Memory Alloy for Space Actuators
6.2.3 Radiation-Hardened Space Sensors
6.2.4 Use of Terrain Relative Navigation (Trn) for Planetary Exploration
6.2.5 Development of X-Ray Navigation (Xnav) and X-Ray Communication (Xcom)
6.2.6 Next-Generation Laser Sensors to Aid Moon and Mars Landing
6.2.7 Advancements in Rover Sensor Technology for Planetary Exploration
6.2.8 Development of New Position Sensors
6.2.9 Development of Miniaturized Rotary Actuators for Higher-Precision Positioning Devices
6.2.10 Active Damping of Flexible Structures Using Compact Actuator
6.3 Technology Analysis
6.4 Impact of Megatrends
6.4.1 Development of Self-Healing for Next-Generation Actuators
6.4.2 Sensor Integration Technology
6.4.3 Piezo Actuators to Enable High-Resolution Cosmic Dust Analysis
6.5 Use Cases
6.5.1 Development of Sensor Satellites for Tracking Ballistic Missiles
6.5.2 Quantum Sensor for Space Applications
6.5.3 Radiation Hardness Test on Electro-Optical Sensors
6.6 Patent Analysis

7 Space Sensors and Actuators Market, by Product Type
7.1 Introduction
7.2 Sensors
7.2.1 Improves Real-Time Space Data Management
7.2.2 Pressure Sensors
7.2.3 Attitude Measurement
7.2.3.1 Magnetometers
7.2.3.2 Sun Sensors
7.2.3.3 Earth Horizon Sensors
7.2.3.4 Star Sensors
7.2.3.5 Gyroscopes
7.2.4 Humidity/Temperature Sensors
7.2.5 Image Sensors
7.2.5.1 Electro-Optical Sensors
7.2.5.2 Thermal Imaging Sensors
7.2.5.3 Radar Imaging Sensors
7.2.6 Position and Velocity Sensors
7.2.6.1 Hall Effect Sensors
7.2.6.2 Inductive Non-Contact Position Sensors
7.2.6.3 Accelerometers
7.2.6.4 Ultrasonic Rheometers
7.2.7 Gps Sensors
7.2.8 Vacuum-Ultraviolet Photodetectors
7.2.9 Spectrometers
7.2.10 Vibration Sensors
7.2.11 Proximity Sensors
7.2.12 Gravity Sensors
7.2.13 Flow Sensors
7.2.14 Others
7.3 Actuators
7.3.1 Technological Advancements to Boost Development
7.3.2 Linear Actuators
7.3.2.1 Electric
7.3.2.2 Hydraulic
7.3.2.3 Pneumatic
7.3.2.4 Others (Hybrid, Thermal, and Piezoelectric)
7.3.3 Rotary Actuators
7.3.3.1 Electric
7.3.3.2 Hydraulic
7.3.3.3 Pneumatic

8 Space Sensors and Actuators Market, by Platform
8.1 Introduction
8.2 Satellites
8.2.1 Increasing Launch of Small Satellites to Drive Segment
8.2.2 Cubesats
8.2.2.1 Deployment in Interplanetary Missions
8.2.3 Small Satellites (1-500 Kg)
8.2.3.1 Demand for Miniaturization of Space Technology to Drive Demand
8.2.3.2 Nanosatellites
8.2.3.2.1 Constant Innovation and Technological Advances to Drive Demand
8.2.3.3 Microsatellites
8.2.3.3.1 Demand for Complex Space Missions to Fuel Demand
8.2.3.4 Minisatellites
8.2.3.4.1 Wide Usage in Earth Observation and Broadband Internet
8.2.4 Medium Satellites (500-2,500 Kg)
8.2.4.1 Increasing Use of Cots Components in Medium Satellites
8.2.5 Large Satellites (>2,500 Kg)
8.2.5.1 Increasing Launch of Large Satellites for Scientific Missions in Geo Orbit to Drive Demand
8.3 Capsules/Cargos
8.3.1 Essential for Entering Atmosphere
8.3.2 Crewed Spacecraft or Human Space Flight
8.3.2.1 Increasing Launch of Crewed Spacecraft for Iss
8.3.3 Uncrewed or Unmanned Spacecraft
8.3.3.1 Use in Space Observation Missions
8.4 Interplanetary Spacecraft and Probes
8.4.1 Increase in Scientific Observations to Drive Demand
8.5 Rovers/Spacecraft Landers
8.5.1 Growing Space Exploration Missions to Drive Demand
8.6 Launch Vehicles
8.6.1 Crucial for Satellite Launches
8.6.2 Small Launch Vehicles (<_50_000 />8.6.2.1 Increased Deployment due to Commercial Use
8.6.3 Medium to Heavy Launch Vehicles (>350,000 Kg)
8.6.3.1 Growing Application in Space
8.6.4 Reusable Launch Vehicles
8.6.4.1 Reduce Mission Cost to Access Space

9 Space Sensors and Actuators Market, by Application
9.1 Introduction
9.2 Attitude and Orbital Control Systems (Aocs)
9.2.1 Controls Attitude and Position of Satellites
9.3 Command & Data Handling Systems (C&Dh)
9.3.1 Increase in Launch of Mars Rovers and Small Satellites to Drive Segment
9.4 Telemetry, Tracking, and Command
9.4.1 Monitors Health and Performance of Satellite Systems
9.5 Thermal Systems
9.5.1 Maintains Temperatures of Spacecraft, Launch Vehicles, and Rovers
9.6 Propellant Feed Systems
9.6.1 Determines Transfer of Propellant from Tanks
9.7 Rocket Motors
9.7.1 Fuels Main Engine Thrust
9.8 Surface Mobility and Navigation Systems
9.8.1 Helps in Effective Navigation
9.9 Berthing and Docking Systems
9.9.1 Avoids Damage and Collision
9.10 Robotic Arms/Manipulator Systems
9.10.1 Technological Developments to Drive Segment
9.11 Thrust Vector Control Systems
9.11.1 Provides Advanced Technological Assistance
9.12 Engine Valve Control Systems
9.12.1 Controls Propellant Pressure
9.13 Solar Array Drive Mechanisms
9.13.1 Development of Solar Array Drive Assemblies for Cubesats to Boost Demand
9.14 Others

10 Space Sensors and Actuators Market, by End-user
10.1 Introduction
10.2 Commercial
10.2.1 Investment by Private Players to Increase Exploration Missions
10.2.2 New Space Industry
10.2.2.1 Involvement of Private Players in Global Space Industry
10.2.3 Satellite Operators and Owners
10.2.3.1 Extensive Investments in Space Exploration Missions
10.2.4 Space Robotic Solution Providers
10.2.4.1 Emergence of Private Companies in Space Robotics for Landers and Rovers
10.2.5 Space Exploration Companies
10.2.5.1 Rising Outer Planet Exploration Activities
10.2.6 Satellite and Launch Vehicle Manufacturers
10.2.6.1 New Capabilities in Satellites and Launch Vehicles Segment
10.3 Government & Defense
10.3.1 Intelligence Gathering Spacecraft to Drive Segment
10.3.2 National Space Agencies
10.3.2.1 Demand for Navigation, Earth Observation, and Space Exploration to Drive Segment
10.3.3 Department of Defense
10.3.3.1 Provides Valuable Insights into Military Operations
10.3.4 Others
10.3.4.1 Search and Rescue Operation to Drive Demand

11 Regional Analysis

12 Competitive Landscape
12.1 Introduction
12.2 Company Overview
12.3 Ranking Analysis of Key Players in Space Sensors and Actuators Market 2021
12.4 Revenue Analysis 2021
12.5 Market Share Analysis 2021
12.6 Competitive Evaluation Quadrant
12.6.1 Stars
12.6.2 Emerging Leaders
12.6.3 Pervasive Players
12.6.4 Participants
12.6.5 Startup/Sme Evaluation Quadrant
12.6.5.1 Progressive Companies
12.6.5.2 Responsive Companies
12.6.5.3 Starting Blocks
12.6.5.4 Dynamic Companies
12.6.5.5 Competitive Benchmarking
12.7 Competitive Scenario
12.7.1 Market Evaluation Framework
12.7.2 New Product Launches and Developments
12.7.3 Deals
12.7.4 Others

13 Company Profiles
13.1 Introduction
13.2 Key Players
13.2.1 Honeywell International Inc.
13.2.2 Teledyne Technologies Incorporated
13.2.3 Ametek, Inc.
13.2.4 Te Connectivity Ltd.
13.2.5 Moog Inc.
13.2.6 Texas Instruments Incorporated
13.2.7 Minebeamitsumi, Inc.
13.2.8 Renesas Electronics Corporation
13.2.9 Ruag Group
13.2.10 Analog Devices, Inc.
13.2.11 STMicroelectronics
13.2.12 Maxar Technologies
13.2.13 Raytheon Technologies Corporation
13.2.14 Cobham Advanced Electronic Solutions
13.2.15 Sierra Nevada Corporation
13.3 Other Players
13.3.1 Innalabs
13.3.2 Venture Mfg. Co.
13.3.3 Isp System
13.3.4 Exxelia Group
13.3.5 Spacetech GmbH
13.3.6 Cedrat Technologies Sa
13.3.7 Ist Ag
13.3.8 Bradford Space
13.3.9 Pegasus Actuators GmbH
13.3.10 Sensitec GmbH

14 Appendix

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