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What Is the Growth Rate of the AI in Space Exploration Market?

The market size for AI in space exploration has experienced significant growth in the recent past. The sector, valued at $4.44 billion in 2024, is projected to increase to $5.8 billion in 2025, reflecting a compound annual growth rate (CAGR) of 30.5%. The historical period’s expansion is due to the heightened demand for AI technology for the improvement of space missions, augmented funding from the government, a rise in autonomous systems and robotics, enhanced data management, and the introduction of cognitive cloud computing in space.

What Growth Rate Is Forecasted for the AI in Space Exploration Market by 2029?

Growth in the AI for space exploration field is projected to surge significantly in the coming years, with market projections reaching $16.69 billion in 2029, reflecting a compound annual growth rate (CAGR) of 30.2%. This expected growth during the forecast period is due to an increase in space launches, missions, autonomous vehicles, anomaly detection, and satellite operations. The key trends during this period will be technological advancements, product innovations, integration of AI technologies, AI-fueled robots, and the development of new space technologies.

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Which Key Companies Are Shaping the Future of the AI in Space Exploration Market?

Major companies operating in the AI in space exploration market report are Lockheed Martin, Airbus, IBM, Northrup Grumman, Hewlett Packard Enterprise (HPE), Thales Group, Booz Allen Hamilton, Spacex, Maxar Technologies Inc., Astroscale, Planet Labs Inc., Spire Global, Iceye, Capella Space, Blacksky Global, Hawkeye 360, D-Orbit, Orbital Insight Inc., LeoLabs, Slingshot Aerospace, Kuva Space, Analytical Space, Raptor Maps, Phase Four, Descartes Labs, AADYAH Aerospace, Ubotica Technologies, Swarm Technologies, Exo-Space, Craft Prospect

Which Factors Are Driving Demand in the AI in Space Exploration Industry?

The anticipated surge in space missions is likely to fuel the progression of the AI in space exploration market in the future. These space missions entail coordinated and planned adventures into the cosmos or astronomical bodies utilizing spacecraft, satellites, rovers, telescopes, and other technologies. The involvement of AI in space exploration yields many advantages, boosting the potential of space missions in areas such as autonomous steering and control, enhanced data examination, automatic planning and scheduling, and cutting-edge robotics. For example, data from the United Nations Office for Outer Space Affairs, a secretariat based in Austria, shows that in January 2024, there were 2,664 objects propelled into orbit in 2023, an increase from 2,478 in 2022, indicating a high volume of space mission launches. Consequently, this surge in the number of space missions is propelling the AI in space exploration market.

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How Is the AI in Space Exploration Market Segmented by Several Divisions?

The AI in space exploration market covered in this report is segmented –

1) By Type: Rovers, Robotic Arms, Space Probes, Other Types

2) By Application: Robotics, Remote Sensing and Monitoring, Data Analytics, Asteroid Mining, Manned Vehicles and Reusable Launch, Communications, Remote Missions

3) By End-user: Government, Commercial

Subsegments:

1) By Rovers: Mars Rovers, Lunar Rovers, Planetary Exploration Rovers

2) By Robotic Arms: Space Station Robotic Arms, Exploration Mission Robotic Arms

3) By Space Probes: Deep Space Probes, Planetary Probes

4) By Other Types: AI-Assisted Satellites, AI-Powered Space Telescopes

What are the Emerging Market Trends Driving the Growth of the AI in Space Exploration Industry?

The AI in space exploration market is populated by significant companies who are concentrating on the creation of strategic alliances to enhance their market stance. Strategic alliances imply intentional linkages or partnerships among entities designed to fulfil shared objectives, capitalising on mutual strengths and resources for reciprocated advantage. An illustration of this surfaced in February 2023, when IBM, an international technology corporation based in the US, teamed up with NASA, a US government entity, to utilise artificial intelligence (AI) to probe Earth science data and unearth new understandings about our world. This partnership entailed the creation of foundational AI models to dissect petabytes of text and remotely-sensed data. These models are accessible to the entire science community.

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Which Regions Are Driving Growth in the AI in Space Exploration Market?

North America was the largest region in the AI in space exploration market in 2024. The regions covered in the ai in space exploration market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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This Report Delivers Insight On:

1. How big is the ai in space exploration market, and how is it changing globally?

2. Who are the major companies in the ai in space exploration market, and how are they performing?

3. What are the key opportunities and risks in the ai in space exploration market right now?

4. Which products or customer segments are growing the most in the ai in space exploration market?

5. What factors are helping or slowing down the growth of the ai in space exploration market?

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