PUBLISHER: The Business Research Company | PRODUCT CODE: 1662340
PUBLISHER: The Business Research Company | PRODUCT CODE: 1662340
Space sensors are crucial devices onboard satellites that measure various quantities while the satellite is in flight, functioning as the satellite's 'eyes' and 'ears'. Conversely, actuators are employed to apply force or torque to the satellite's body, facilitating the attainment of the proper orientation.
The primary products within space sensors and actuators consist of sensors and actuators themselves. Sensors measure diverse parameters during a satellite's flight, serving as key components for data collection and analysis. Actuators, on the other hand, enable adjustments to the satellite's orientation, ensuring optimal positioning and functionality. These sensors and actuators are utilized across a range of platforms, including satellites, capsules or cargo, interplanetary spacecraft and probes, rovers/spacecraft landers, and launch vehicles. They find applications in various systems such as attitude and orbital control systems, command and data handling systems, telemetry, tracking, and command systems, thermal systems, propellant feed systems, rocket motors, surface mobility and navigation systems, berthing and docking systems, robotic arms or manipulator systems, and thrust vector control systems. The end-users of space sensors and actuators encompass commercial entities, government agencies, and defense sectors, all relying on these technologies for space missions and related applications.
The space sensors and actuators market research report is one of a series of new reports from The Business Research Company that provides space sensors and actuators market statistics, including space sensors and actuators industry global market size, regional shares, competitors with a space sensors and actuators market share, detailed space sensors and actuators market segments, market trends and opportunities, and any further data you may need to thrive in the space sensors and actuators industry. This space sensors and actuators market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The space sensors and actuators market size has grown rapidly in recent years. It will grow from $7.16 billion in 2024 to $8.54 billion in 2025 at a compound annual growth rate (CAGR) of 19.2%. The growth in the historic period can be attributed to investments in R&D, space debris mitigation, global positioning systems (GPS), scientific and space research, military and defense applications, remote sensing and earth observation.
The space sensors and actuators market size is expected to see rapid growth in the next few years. It will grow to $16.46 billion in 2029 at a compound annual growth rate (CAGR) of 17.8%. The growth in the forecast period can be attributed to commercialization of space activities, focus on cost efficiency, emergence of small satellite platforms, precision and reliability requirements, ai and autonomous systems in space. Major trends in the forecast period include miniaturization and advanced technologies, increased space exploration missions, demand for remote sensing and earth observation, IoT and connectivity in space, cost reduction in space missions.
The increasing frequency of satellite launches significantly drives the market for space sensors and actuators. Over time, the number of satellites deployed into orbit has greatly expanded to collect relevant data for various functions, including communications, positioning, navigation and timing (PNT), Earth imaging, climate and environmental monitoring, and scientific research. These satellites utilize sensors and actuators to provide feedback on their velocity and position. For example, according to the Union of Concerned Scientists, a US-based nonprofit science advocacy organization, by the end of 2022, there were a total of 6,718 active satellites orbiting the Earth, marking an increase of nearly 2,000 satellites within just one year. Thus, the growing number of space launches is expected to drive demand for space sensors and actuators.
Strong government support is anticipated to foster the growth of the space sensors and actuators market during the forecast period. Government investments will back research and development efforts, as well as new technology initiatives and projects across various industries, including aerospace and defense. For instance, in September 2023, the UK Space Agency (UKSA), a UK-based executive agency responsible for the country's civil space program, announced an additional £65 million ($79.1 million) investment for innovations that could enhance the UK's leadership in space technologies and applications. This program offers the UK space sector an opportunity to develop novel and valuable commercial innovations that could address challenges such as utilizing satellite data to combat climate change or providing services to enhance the sustainability of in-orbit applications. Therefore, robust government initiatives are expected to propel the growth of the space sensors and actuators market in the forecast period.
Major companies in the space sensors and actuators market are concentrating on advancements in product technology, such as radiation-hardened memory components, to secure a competitive advantage. A radiation-hardened memory component is a type of semiconductor memory designed to endure the harmful effects of ionizing radiation, which is commonly found in space, nuclear, and high-radiation environments, ensuring reliable data storage and retrieval. For example, in April 2022, Infineon Technologies LLC, a German semiconductor manufacturer, introduced the first ferroelectric RAM (F-RAM) with a serial interface that has been radiation-hardened (rad-hard) for use in challenging environments. This new technology offers unmatched reliability and data retention with lower energy consumption compared to non-volatile EEPROM (electrically erasable programmable read-only memory) and serial NOR Flash devices for space applications.
Leading companies in the space sensors and actuators market are forming strategic partnerships and collaborations to maintain their market position. Strategic partnerships are collaborative arrangements between two or more organizations aimed at achieving specific business goals or objectives. For instance, in July 2022, Archer Aviation Inc., a US-based aircraft manufacturer, entered into an agreement with Honeywell, a US-based conglomerate, to supply flight control actuation and thermal management technologies. Honeywell's actuation technology is essential for Archer's 12 tilt 6 configuration, while Honeywell's thermal management technology will enhance the in-cabin experience for Archer's passengers. This partnership illustrates Archer's ongoing progress toward achieving Type Certification for its production aircraft in 2024.
In September 2022, Parker Hannifin Corporation, a US-based company specializing in motion and control technologies, acquired Meggitt PLC for around $7.4 billion. This acquisition will allow Meggitt to incorporate complementary technologies, boost Parker Aerospace's aftermarket offerings through recurring revenue, and enhance growth prospects in light of the expected recovery in commercial aerospace, global aircraft fleet renewal, and emerging trends like electrification and low-carbon technologies. Meggitt is a UK-based company that provides components and subsystems for the aerospace, defense, and select energy markets.
Major companies operating in the space sensors and actuators market are TE Connectivity Ltd., Ametek Inc., Analog Devices Inc., Bradford Space Inc., Honeywell International Inc., Innovative Sensor Technology IST AG, Lockheed Martin Corporation, Maxar Technologies Inc., MinebeaMitsumi Inc., Moog Inc., Northrop Grumman Corporation, Renesas Electronics Corporation, Teledyne UK Limited, Texas Instruments Incorporated, Cedrat Technologies SA, InnaLabs Limited, Leonardo DRS Inc., Sierra Nevada Corporation, Rustungs Unternehmen AG, STMicroelectronics N.V., Raytheon Technologies Corporation, Digi-Key Electronics Pvt. Ltd., Minebea Intec GmbH, Ball Aerospace & Technologies Corp., BAE Systems PLC, L3Harris Technologies Inc., Thales Group, Airbus Defence and Space, Safran Electronics & Defense, Sensata Technologies Holding PLC, Kistler Holding AG, First Sensor AG, MTS Systems Corporation, Curtiss-Wright Corporation, Parker Hannifin Corporation, Woodward Inc., Eaton Corporation PLC, Spanish Society of Engineering and Construction, Space Inventor A/S
North America was the largest region in the space sensors and actuators market share in 2024. The regions covered in the space sensors and actuators market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the space sensors and actuators market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The space sensors and actuators market consists of sales of pressure sensors, attitude measurement sensors, humidity or temperature sensors, image sensors, position and velocity sensors, GPS sensors, vacuum-ultraviolet photodetectors, linear actuators, and rotary actuators. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Space Sensors And Actuators Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on space sensors and actuators market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for space sensors and actuators ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The space sensors and actuators market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.