The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The increasing number of satellites launched on a regular basis is likely to stimulate innovation in the manufacturing of space sensors and actuators, boosting the market during the forecast period.

The global space sensors and actuators market is expected to grow from $5.10 billion in 2022 to $6.07 billion in 2023 at a compound annual growth rate (CAGR) of 19.0%. The space sensors and actuators market is expected to grow to $11.78 billion in 2027 at a CAGR of 18.0%.

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Global Space Sensors And Actuators Market Segments Include:

• By Product Type: Sensors, Actuators
• By Platform: Satellites, Capsules Or Cargos, Interplanetary Spacecraft And Probes, Rovers Or Spacecraft Landers, Launch Vehicle
• By Application: Attitude And Orbital Control System, Command And Data Handling System, Telemetry, Tracking And Command, Thermal System, Propeller Feed System, Rocket Motors, Surface Mobility And Navigation System, Berthing And Docking System, Robotic Arm or Manipulator System, Thrust Vector Control System, Engine Valve Control System, Solar Array Drive Mechanism, Other Applications
• By End User: Commercial, Government, Defense
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global space sensors and actuators market in 2021.

Major Market Players in the space sensors and actuators market include TE Connectivity, Ametek Inc., Analog Devices Inc., Bradford Space, Honeywell International Inc., Innovative Sensor Technology AG, Lockheed Martin Corporation, Maxar Technologies.

Technological advancement is a significant trend in the market for space sensors and actuators. To achieve a competitive advantage in the industry, major firms are working on innovations in product technology, such as radiation-hardened space sensors. Infineon Technologies LLC, a German-based semiconductor company, for example, launched the first ferroelectric RAM (F-RAM) with a serial interface that has been radiation-hardened (rad-hard) for usage in hostile environments in April 2022. In comparison to non-volatile EEPROM (electrically erasable programmable read-only memory) and serial NOR Flash devices for space applications, the new technologies offer unrivalled dependability and data preservation while consuming less energy.

The Space Sensors And Actuators Global Market Report 2023  provides a space sensors and actuators market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The space sensors and actuators market forecast analyzes space sensors and actuators market size, space sensors and actuators market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Space sensors are instruments that take measurements while the satellite is in flight. These sensors perform the functions of the satellite’s “eyes” and “ears.” Actuators are employed to impart force or torque to the satellite body in order to bring it into perfect alignment. Space sensors and actuators provide feedback on satellite velocity and position, ultimately boosting their effectiveness.

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