Global Space Sensors and Actuators Market, By Product Type (Sensors, Actuators), Platform (Satellites, Capsules/Cargos, Interplanetary Spacecraft & Probes, Rovers/Spacecraft Landers, Launch Vehicle), Application (Attitude & Orbital 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), End User (Commercial, Government and Defence), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights: Global Space Sensors and Actuators Market
The space sensors and actuators market is expected to witness market growth at a rate of 18.3% in the forecast period of 2021 to 2028. Data Bridge Market Research report on space sensors and actuators market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The expansion of the automotive sector globally is escalating the growth of space sensors and actuators market.
The space sensor refers to the equipment that assists in measuring, indicating and detecting specific physical quantities such as light, moisture, pressure, and heat among others. The actuator is defined as a device that helps in achieving physical movements by transforming energy into mechanical force.
The increase in demand for wireless sensors in various space applications acts as one of the major factor driving the growth of the space sensors and actuators market. The continuous development of radiation-hardened electro-optical space sensors, and significant investments by private firms leading to more space exploration missions accelerate the market growth. The increase in adoption of CMOS image sensors for Earth observation, and rise in popularity of small & smart actuators for space robotic missions and microsatellites further influence the market. Additionally, expansion of automotive sector, high focus on reducing cost of space sensors, growth of the heavy engineering industry, rapid urbanization and use of solar sensors for deep space missions positively affect the space sensors and actuators market. Furthermore, development of quantum sensors for space gravity and climate, Use of solar MEMS technology in new space projects and advancements in actuators for small satellites and launch vehicles extend profitable opportunities to the market players in the forecast period of 2021 to 2028.
- On the other hand, issues with sensor and actuator technology maturity for surface missions, and government policies related to spacecraft are expected to obstruct the market growth. Increased threat of radiation damage and corrosive atmospheres and complexity in design are projected to challenge the space sensors and actuators market in the forecast period of 2021-2028.
This space sensors and actuators market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on space sensors and actuators market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Space Sensors and Actuators Market Scope and Market Size
The space sensors and actuators market is segmented on the basis of product type, platform, application and end user. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of product type, the space sensors and actuators market is segmented into sensors and actuators. Sensors are further segmented into pressure sensors, attitude measurement, humidity/temperature sensors, image sensors, position and velocity sensors, GPS sensors, vacuum-ultraviolet photodetectors, spectrometers, vibration sensors, proximity sensors, gravity sensors, flow sensors and others. Actuators are segmented into linear actuators and rotary actuators.
- On the basis of platform, the space sensors and actuators market is segmented into satellites, capsules/cargos, interplanetary spacecraft & probes, rovers/spacecraft landers, and launch vehicle.
- On the basis of application, the space sensors and actuators market is segmented into attitude & orbital control system, command & data handling system, telemetry, tracking and command, thermal system, propellant 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 and others.
- On the basis of end user, the space sensors and actuators market is segmented into commercial, and government and defence.
Space Sensors and Actuators Market Country Level Analysis
The space sensors and actuators market is analyzed and market size, volume information is provided by country, product type, platform, application and end user as referenced above.
The countries covered in the global space sensors and actuators market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the space sensors and actuators market due to the growing demand for commercial lunar moon and mars missions and increasing deployment of orbiter satellites within the region. Europe is expected to witness high growth during the forecast period of 2021 to 2028 because of the presence of established government and private space research and exploration agencies in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Space Sensors and Actuators Market Share Analysis
The space sensors and actuators market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to space sensors and actuators market.
The major players covered in the space sensors and actuators market report are TE Connectivity., MinebeaMitsumi Inc., Renesas Electronics Corporation., Moog Inc., Honeywell International Inc., Texas Instruments Incorporated., Bradford Space, RUAG Group, Analog Devices, Inc., STMicroelectronics, Teledyne UK Limited, AMETEK.Inc., INNOVATIVE SENSOR TECHNOLOGY IST AG, Maxar Technologies, Raytheon Technologies Corporation, Cobham Advanced Electronic Solutions, Cedrat Technologies, Sierra Nevada Corporation., InnaLab, Leonardo DRS, and Venture MFG. Co., ., among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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