🌏Space Sensors and Actuators Market Size, Share, Trends, Growth 2032

The global space sensors and actuators market was estimated to be worth USD 3.12 billion in 2023 and is expected to grow to USD 11.41 billion by the end of 2032, per a report released by Zion Market Research. Over the course of the projected period, the market is anticipated to expand at a CAGR of 15.5%.
The growth factors, barriers, and effects on demand of the global space sensors and actuators market are examined in this study for the period of forecasting. Additionally, it will assist in navigating and investigating the emerging opportunities in the space sensors and actuators sector.

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Overview of the Global Space Sensors and Actuators Market

Devices that indicate, measure, and detect particular physical quantities, such as pressure, light, heat, moisture, motion, and other such phenomena, are called sensors. The actuator, on the other hand, is a tool that converts energy into mechanical force to help achieve physical movements.

Growth Factors for the Global Space Sensors and Actuators Market

Due to its increasing trend over the projected period, the global market for space sensors and actuators is anticipated to grow at a high compound annual growth rate (CAGR). The increasing number of satellites being launched on a regular basis and the continuous technical developments in the field of space science and technology will further support the market’s expansion. Global demand for space sensors and actuators is also anticipated to be fueled by the increasing investment in various space exploration missions, such as those to the Moon and Mars. Due to its rapid recovery following the global lockdown caused by the transmission of the coronavirus, the post-COVID-19 market environment is expected to experience exponential development. The development of radiation-hardened electro-optical space sensors will greatly accelerate market expansion.

Radiation has a significant impact on space systems and causes serious problems in a variety of domains, including high energy physics experiments, space electronics, medical devices, and nuclear applications that need for accurate environmental parameter control and sensing. Both instantaneous and cumulative radiation effects, such as single event effects or total ionizing doses, can alter the silicone-based integrated devices’ characteristics. As a result, various radiation hardening devices — namely, radiation-hardened by device, radiation-hardened by shielding, and radiation-hardened by process — have been developed to lessen the impact of radiation on the system, circuit, and sensors.

These methods are essential for ensuring the security and dependability of the sensor system, which must withstand high levels of radiation in the environment while conducting efficient operations. In the upcoming years, the development of sophisticated actuators for launch vehicles and tiny satellites is anticipated to generate numerous profitable growth prospects. The demand for activation functions will increase along with the complexity of robotic machines’ instruments.

Market Segmentation for Global Space Sensors and Actuators

The end-user, application, product, and geography segments of the worldwide space sensors and actuators market may be distinguished.
The market can be divided into two segments based on end users: commercial and government & defense. Due to the growing number of satellite constellation providers, such as SpaceX, OneWeb, and others, the commercial segment holds the greatest proportion of the global market for space sensors and actuators.

Energy valve control system, thrust vector control system, robotic arm system, berthing & docking system, surface mobility & navigation system, rocket motors, propellant feed system, thermal system, telemetric, tracking & command, command & data handling system attitude, orbital control system, and others are some of the applications that can be used to segment the market.

Activators and sensors are two product categories into which the market can be divided. The global market for space sensors and actuators is dominated by the sensors segment. Position & velocity sensors, image sensors, humidity sensors, attitude measurements, pressure sensors, spectrometers, vacuum ultraviolet photodetectors, flow sensors, gravity sensors, proximity sensors, vibration sensors, and others are further subdivided into the sensors section.

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Market Scope for Space Sensors and Actuators

Regional overview of the global market for space sensors and actuators

Because of the growing need for commercial Mars and lunar moon expeditions, North America holds the greatest proportion of the global market for space sensors and actuators. In the upcoming years, the expanding use of orbiting satellites for Moon exploration is probably going to drive the regional market’s expansion even more.
Because of the increasing government funding and attempts to support space missions in the region, Asia Pacific is predicted to develop at a large rate in the years to come.

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