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The global space sensors market size was valued at USD 7.44 billion in 2024. The market is projected to grow from USD 9.02 billion in 2025 to USD 13.02 billion by 2032, exhibiting a CAGR of 5.4% over the forecast period.
Fortune Business Insights™ presents this information in its report titled, “Space Sensors Market Size, Share & Industry Analysis, By Type (IMU Sensors, GPS Sensors, Star Sensors, Optical Sensors, Synthetic Aperture Radar Sensors, Temperature Sensors, Vibration Sensors, Pressure Sensors, Gas Sensors, and Others), By Platform (Satellite, Launch Vehicle, Rover, and Testing Probes & Space Station), By End-User (Civil, Commercial, and Defense), and Regional Forecast, 2024-2032”.
Space sensors are instruments used in space missions to observe and collect valuable data on Earth, spacecraft, environment, and celestial bodies. These sensors are useful for monitoring, scientific research, and exploration. The different types of sensors include infrared and optical sensors, star detectors, IMU devices, radars, GPS trackers, and others. The growing number of space exploration missions by many countries is anticipated to drive market expansion.
The COVID-19 pandemic negatively impacted the market for space sensors due to disruptions in the supply chain, which affected the manufacturing and distribution of space-based sensors.
Innovative Rocket Technologies Inc. (iRocket) and U.S. Space Systems Command (SSC) Partnered to Develop Highly Reusable Rocket Engine
Innovative Rocket Technologies Inc. (iRocket) signed a U.S. Space Force contract in June 2023 with the U.S. Space Systems Command (SSC) to develop their highly reusable rocket engine. As part of the contract, the company will perform a static fire test for 120-180 seconds to demonstrate its engine that runs on a combination of methane fuel and liquid oxygen (LOX).
Growing Satellite Constellations to Propel Market Expansion
The existing or new satellite constellations are offering benefits to several sectors, including navigation, weather monitoring and Earth observation, telecommunications, and the Internet of Things, to boost the space sensors market growth. For instance, according to the U.S. Government Accountability Office (U.S. GAO), in September 2022, the number of active satellites increased in recent years and then increased from 1,400 in 2015 to 5,500 by 2022 spring.
However, environmental conditions, such as strong radiation and temperature changes, may hinder market expansion.
Growing Focus of Key Players on Technological Advancements to Propel Market Expansion
In terms of the competitive landscape, the market consists of leading market players, such as ABB, Safran, Honeywell Technologies Inc., and others. The growing focus of these key players on technological advancements, mergers, acquisitions, and product innovations to gain competitive advantage drives the space sensors market growth.
Notable Industry Development
To get a detailed report summary and research scope of this market, click here:
https://www.fortunebusinessinsights.com/space-sensors-market-105871
List of the Companies Profiled in the Report:
Further Report Findings:
Table of Segmentation:
ATTRIBUTE | DETAILS |
Study Period | 2019-2032 |
Base Year | 2024 |
Estimated Year | 2025 |
Forecast Period | 2025-2032 |
Historical Period | 2019-2023 |
Growth Rate | CAGR of 5.4% from 2025 to 2032 |
Unit | Value (USD Billion) |
Segmentation | By Type
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By Platform
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By End-User
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By Region
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