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 growing need for space-based assets in defense and security is driving demand for sensors in the marketplace. Space sensors are used to monitor, acquire intelligence, and provide early warning systems. Satellites equipped with high-resolution optical sensors, synthetic aperture radar SARs, or other advanced imaging technologies provide critical intelligence data for monitoring potential threats, assessing military operations, and obtaining strategic information on a timely basis. Also, hypersonic missiles and ballistic missile systems leverage space sensors to work. For instance, in January 2024, the Space Development Agency granted L3Harris, Lockheed Martin, and Sierra Space $2.5 billion for 54 satellites in its new missile warning and missile tracking (MW/MT) and missile defense networks. The MW/MT satellites are designed to detect and track missile launches from orbit using infrared sensors with a large field of view. The missile defense satellites will have a mix of wide and medium-field-of-view infrared sensors to provide high-quality fire control tracks, assisting ground forces to intercept missiles.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Space Sensors Market Report Segment
By Type
- IMU Sensors
- GPS Sensors
- Star Sensors
- Optical Sensors
- Synthetic Aperture Radar Sensors
- Pressure Sensors
- Temperature Sensors
- Others (Vibration Sensors, Gas Sensors)
By Platform
- Satellites
- Space Station & Testing Probes
- Rovers/Spacecraft Landers
- Launch Vehicle
By End-User
- Civil
- Commercial
- Defense
Global Space Sensors Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East and Africa
The Report Covers
- Market value data analysis of 2023 and forecast to 2031.
- Annualized market revenues ($ 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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