Global Reaction Wheel (RW) Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Reaction Wheel (RW) Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

The Reaction Wheel (RW) is the internal mechanical part of steerable satellites and spacecraft that enables them to be repositioned in orbit. The Reaction Wheel (RW) is sometimes called the Momentum Wheel. The Reaction Wheel (RW) stores rotational energy and provides three-axis attitude control for any type of satellite or spacecraft without the need for an external torque source (such as a rocket or propellant), reducing weight and usable space.

Market Overview:

The latest research study on the global Reaction Wheel (RW) market finds that the global Reaction Wheel (RW) market reached a value of USD 147.1 million in 2022. It’s expected that the market will achieve USD 561.39 million by 2028, exhibiting a CAGR of 25.01% during the forecast period.
The downstream market has a greater demand for Reaction Wheel (RW)
The Reaction Wheel (RW) is a key component of satellites of all shapes and sizes. Small satellites have become especially important in the modern aerospace industry due to the ever-increasing demand for better maneuverability, agility and precise control of small satellites. On the one hand, the Reaction Wheel (RW) controls the attitude of the satellite with a very high degree of precision, which is essential for applications that require excellent pointing accuracy, such as for Earth observation purposes, or to fix a telescope at a specific area of interest. On the other hand, the Reaction Wheel (RW) is a device that stores rotational energy by maintaining angular momentum and enables momentum exchange within the satellite body. Momentum exchange using the Reaction Wheel (RW) has the benefit of not using any fuel, saving costs, and more.
At present, there is a large demand for Reaction Wheel (RW) in the global downstream market, and some companies are also expanding the production of Reaction Wheel (RW) to meet the growing market demand. The demand for Reaction Wheel (RW) in the downstream market is driving the growth of the industry.

Region Overview:

In 2021, the share of the Reaction Wheel (RW) market in United States stood at 86.28%.

Company Overview:

Blue Canyon is one of the major players operating in the Reaction Wheel (RW) market, holding a share of 13.83% in 2022.
A subsidiary of Raytheon Technologies, Blue Canyon is a complete end-to-end spacecraft company and a leading provider of turnkey small satellite solutions, including nanosatellites, microsatellites and ESPA-class satellites. Blue Canyon offers a broad range of high performance, low recurring cost and responsive spacecraft systems and components. The hardware provided by Blue Canyon is strong, resilient and radiation resistant.
NewSpace Systems is a trusted multinational spacecraft component and subsystem manufacturer headquartered in South Africa with operations in North America, Europe and Oceania. A leader in guidance, navigation and control (GNC) products, NewSpace Systems supports most commercial spacecraft manufacturers, including several blue chip companies and 500-satellite constellations, among others.
Astro- und Feinwerktechnik Adlershof GmbH is a manufacturing company that supplies aerospace components. The company is mainly engaged in the fields of manufacturing and testing of space components and systems, special machinery manufacturing and precision engineering.

Segmentation Overview:

By type, 1Nms to 5Nms segment accounted for the largest share of market in 2021.

Application Overview:

The market's largest segment by application is the segment Aerospace, with a market share of 96.12% in 2021.
Reaction wheels are critical in the aerospace industry, especially when it comes to satellite positioning. Reaction wheels are an integral part of any type of satellite and spacecraft and ensure three-axis attitude control without the need for an external torque source. Reaction wheels can reposition controllable spacecraft and satellites while they are in orbit.
There are other applications like the reaction wheel can be used for research, etc.

Key Companies in the global Reaction Wheel (RW) market covered in Chapter 3:

Microsat Systems Canada Inc
Bradford Space
Blue Canyon
Hyperion Technologies
Astro- und Feinwerktechnik Adlershof GmbH
Honeywell
Comat
VECTRONIC Aerospace GmbH
NewSpace Systems
Rocket Lab
Millennium Space Systems
WITTENSTEIN SE

In Chapter 4 and Chapter 14.2, on the basis of types, the Reaction Wheel (RW) market from 2018 to 2029 is primarily split into:

Below 1Nms
1Nms to 5Nms
More than 5Nms

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Reaction Wheel (RW) market from 2018 to 2029 covers:

Aerospace
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)