Space Agriculture Market Report: Trends, Forecast and Competitive Analysis to 2030

Space Agriculture Market Report: Trends, Forecast and Competitive Analysis to 2030

Space Agriculture Trends and Forecast

The future of the global space agriculture market looks promising with opportunities in the scientific research and agriculture markets. The global space agriculture market is expected to grow with a CAGR of 12.1% from 2024 to 2030. The major drivers for this market are increasing focus on long-duration space missions and growing concern about sustainable agriculture.

A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.

Space Agriculture by Segment

The study includes a forecast for the global space agriculture by type, application, and region.

Space Agriculture Market by Type [Shipment Analysis by Value from 2018 to 2030]:

• Plant
• Seed

Space Agriculture Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Scientific Research
• Agriculture

Space Agriculture Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Space Agriculture Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies space agriculture companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the space agriculture companies profiled in this report include-

• Orbital Technologies Corporation
• Space Garden
• Zero-G Kitchen
• Canopy Growth Corporation
• Cronos
• SpaceX
• AeroFarms

Space Agriculture AeroFarms

Lucintel forecasts that seed will remain the larger segment over the forecast period due to growing necessity to tailor crops to the distinctive challenges presented by space environment.

Within this market, agriculture will remain the larger segment due to its prominent potential for sustainability and food production in space environments.

North America will remain the largest region over the forecast period due to presence of strong ecosystem comprising space agencies, private space companies, and research institutions, fostering innovation and expertise in controlled environment agriculture technologies.

Features of the Global Space Agriculture Market

Market Size Estimates: Space agriculture market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Space agriculture market size by type, application, and region in terms of value ($B).

Regional Analysis: Space agriculture market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the space agriculture market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the space agriculture market.

Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

FAQ

Q1. What is the growth forecast for space agriculture market?

Answer: The global space agriculture market is expected to grow with a CAGR of 12.1% from 2024 to 2030.

Q2. What are the major drivers influencing the growth of the space agriculture market?

Answer: The major drivers for this market are increasing focus on long-duration space missions and growing concern about sustainable agriculture.

Q3. What are the major segments for space agriculture market?

Answer: The future of the space agriculture market looks promising with opportunities in the scientific research and agriculture markets.

Q4. Who are the key space agriculture market companies?

Answer: Some of the key space agriculture companies are as follows:

• Orbital Technologies Corporation
• Space Garden
• Zero-G Kitchen
• Canopy Growth Corporation
• Cronos
• SpaceX
• AeroFarms

Q5. Which space agriculture market segment will be the largest in future?

Answer: Lucintel forecasts that seed will remain the larger segment over the forecast period due to growing necessity to tailor crops to the distinctive challenges presented by space environment.

Q6. In space agriculture market, which region is expected to be the largest in next 5 years?

Answer: North America will remain the largest region over the forecast period due to presence of strong ecosystem comprising space agencies, private space companies, and research institutions, fostering innovation and expertise in controlled environment agriculture technologies.

Q7. Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

Q.1. What are some of the most promising, high-growth opportunities for the space agriculture market by type (plant and seed), application (scientific research and agriculture), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3. Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6. What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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