Space sensor market is anticipated to grow at a considerable CAGR of 8.2% during the forecast period (2024-2031). Space sensors market growth is attributed to increasing demand for space sensors in satellite development, expansion in the space exploration market, growing commercial satellite industry, and growing application in defense. The market is highly influenced by investment from state-run organizations for developing and innovating space sensor technology to enhance space and defense capabilities. The major trend in the market includes miniaturization of space sensing technology, demand for remote sensing and observation-based sensing technology, and integration of novel technology such as quantum sensors.
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The market has recorded several technological advancements and product developments in recent times. Major market participants are working on developing technologically enhanced sensors to withstand space environments while improving sensor reliability and efficiency. Quantum sensors are one such advancement which can detect even minute changes in their surroundings, identify items underwater or underground, and provide navigational information if the GPS is down or unavailable. The European Commission is laying the groundwork for the launch of a quantum space gravimetry pathfinder mission, which will be the first flight demonstration of the instrument’s groundbreaking technology to characterize its performance. This will help prepare for a future full-scale Earth observation mission. The CARIOQA-PHA (Phase A) project will develop the initial phase of the Pathfinder space mission. In January 2024, the project partners (CNES, German Aerospace Center (DLR), Airbus Defense & Space, GMV, and FORTH/PRAXI) officially launched the Phase A project. This is a significant milestone in the demonstration mission’s efforts to test a quantum sensor capable of sensing accelerations in space using cold atoms.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Space Sensors Market Report Segment
By Type
- IMU Sensors
- GPS Sensors
- Star Sensors
- Optical Sensors
- Synthetic Aperture Radar Sensors
- Pressure Sensors
- Temperature Sensors
- Others (Vibration Sensors, Gas Sensors)
By Platform
- Satellites
- Space Station & Testing Probes
- Rovers/Spacecraft Landers
- Launch Vehicle
By End-User
- Civil
- Commercial
- Defense
Global Space Sensors Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East and Africa
The Report Covers
- Market value data analysis of 2023 and forecast to 2031.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in space sensors market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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