Space Sensors Market Share, Size, Trends, Industry Analysis Report, By Type (IMU Sensors, GPS Sensors, Star Sensors, Optical Sensors, and Others); By Platform; By Application; By End User; By Region; Segment Forecast, 2024- 2032

Space Sensors Market Share, Size, Trends, Industry Analysis Report, By Type (IMU Sensors, GPS Sensors, Star Sensors, Optical Sensors, and Others); By Platform; By Application; By End User; By Region; Segment Forecast, 2024- 2032

The global space sensors market size is expected to reach USD 5.80 billion by 2032, according to a new study by Polaris Market Research. The report “Space Sensors Market Share, Size, Trends, Industry Analysis Report, By Type (IMU Sensors, GPS Sensors, Star Sensors, Optical Sensors, and Others); By Platform; By Application; By End User; By Region; Segment Forecast, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The increasing number of innovations in global space, primarily sensors, is expected to continue the growth of the market in the coming years. For instance, In August 2023, Raytheon, an RTX company, stated that its Geostationary Littoral Imaging & Monitoring Radiometer sensor had completed its critical design review and entered the build and test program. This sensor was chosen by the National Aeronautics and Space Administration (NASA) as its initial ocean color hyperspectral imager in the geostationary orbit and is expected to play a crucial role in ongoing government and international agency initiatives to promote coastal ecosystem sustainability & resource management. As the companies work on research and development activities related to space sensors to address planet challenges, there will be substantial growth potential for the market in the next few years.

The rising conflicts and wars among countries are encouraging countries to adopt advanced space sensor technologies to track harmful missiles from other countries. Increasing national security concerns among nations worldwide are motivating companies to build effective technologies and assist countries in critical situations.

In September 2023, the United States Space Force Space Development Agency requested 54 satellites with the ability to track hypersonic missiles in all phases of flight, furnished with infrared sensors. It is part of the plan to build a tracking layer with more than 100 satellites to track the hypersonic missiles from China and Russia. The ongoing Russian-Ukrainian and Israel-Hamas wars are stimulating countries to increase measures to combat unforeseen attacks. This may create demand for space sensors due to their ability to track missiles in global space.

Space Sensors Market Report Highlights

The optical sensors segment is anticipated to witness the highest growth in the coming years due to its application in space exploration activities.

Satellite segment accounted for the largest market share owing to the rising number of satellites launched worldwide.

The attitude & orbit control system segment is projected to experience a larger revenue share due to the increased satellite communication.

Government and Defense segment expected to witness a significant share owing to the increasing focus on national security.

North America is projected to register the largest growth rate in the study period owing to the presence of larger space agencies.

APAC is expected to have the fastest growth owing to the growing space exploration activities in the region.

The global players include AMETEK, Analog Devices, Bradford Space, Cedrat Technologies, Honeywell International, & Maxar Technologies.

Polaris Market Research has segmented the space sensors market report based on type, platform, application, end user and region:

Space Sensors, Type Outlook (Revenue - USD Billion, 2019 - 2032)

Sensors

IMU Sensors

GPS Sensors

Star Sensors

Optical Sensors

Synthetic Aperture Radar Sensors

Temperature Sensors

Vibration Sensors

Pressure Sensors

Gas Sensors

Others

Space Sensors, Platform Outlook (Revenue - USD Billion, 2019 - 2032)

Satellites

Capsules/Cargos

Interplanetary Spacecraft & Probes

Rovers/Spacecraft Landers

Launch Vehicle

Space Sensors, Application Outlook (Revenue - USD Billion, 2019 - 2032)

Attitude & orbit control system

Command & data handling system

Telemetry, tracking and command

Thermal system

Propellent feed system

Rocket motors

Surface mobility and navigation system

Berthing and Docking system

Robotic arm/Manipulator system

Thrust vector control system

Engine valve control system

Solar array drive mechanism

Others

Space Sensors, End User Outlook (Revenue - USD Billion, 2019 - 2032)

Commercial

Government and Defense

Space Sensors, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

North America

U.S.

Canada

Europe

Germany

UK

France

Italy

Spain

Russia

Netherlands

Asia Pacific

China

India

Japan

South Korea

Indonesia

Malaysia

Latin America

Argentina

Brazil

Mexico

Middle East & Africa

UAE

Saudi Arabia

Israel

South Africa