Global Space Technology (spacetech) Market Size & Outlook
Global space technology (spacetech) market, 2018-2030 (US$M)
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Global space technology (spacetech) market highlights
- The global space technology (spacetech) market generated a revenue of USD 383,528.1 million in 2023 and is expected to reach USD 631,074.6 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 7.4% by 2030.
- In terms of segment, space vehicles accounted for a revenue of USD 234,618.9 million in 2023.
- Deep-space communication is the most lucrative type segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
- Country-wise, U.S. is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 383,528.1 million |
| Market revenue in 2030 | USD 631,074.6 million |
| Growth rate | 7.4% (CAGR from 2023 to 2030) |
| Largest segment | Space vehicles |
| Fastest growing segment | Deep-space communication |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Space Vehicles, Deep-space communication, In-space Propulsion |
Other key industry trends
- In terms of revenue, the North America accounted for 53.8% of the global space technology (spacetech) market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, U.S. is the fastest growing regional market and is projected to reach USD 301,508.6 million by 2030.
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Space Technology (SpaceTech) Market Scope
Space Technology (SpaceTech) Market Companies
| Name | Profile | # Employees | HQ | Website |
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Global space technology (spacetech) market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to space technology (spacetech) market will help companies and investors design strategic landscapes.
Space vehicles was the largest segment with a revenue share of 61.17% in 2023. Horizon Databook has segmented the Global space technology (spacetech) market based on space vehicles, deep-space communication, in-space propulsion covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Space Technology (SpaceTech) Type Outlook (Revenue, USD Million, 2018-2030)
- Space Vehicles
- Spacecraft
- Flyby spacecraft
- Orbiter spacecraft
- Atmospheric spacecraft
- Lander spacecraft
- Rover spacecraft
- Others
- Satellites
- Weather satellites
- Communication satellites
- Navigation satellites
- Earth observation satellites
- Astronomical satellites
- Miniaturized satellites
- Space Stations
- Orbital Launch Vehicles
- Spacecraft
- Deep-space communication
- In-space Propulsion
- Others
- Space Vehicles
- Global Space Technology (SpaceTech) End Use Outlook (Revenue, USD Million, 2018-2030)
- Government
- Military
- Commercial
- Global Space Technology (SpaceTech) Application Outlook (Revenue, USD Million, 2018-2030)
- Navigation & Mapping
- Meteorology
- Disaster Management
- Satellite Communication
- Remote Sensing
- Science & Engineering
- Earth Observation
- Military and national security
- Data & Analytics
- Information Technology
- Internet Services
- Manufacturing
- Others
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Target buyers of Global space technology (spacetech) market databook
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Our clientele includes a mix of space technology (spacetech) market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of global-level data and insights on the Global space technology (spacetech) market , including forecasts for subscribers. This global databook contains high-level insights into Global space technology (spacetech) market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Global space technology (spacetech) market size, by regions, 2018-2030 (US$M)
Top 10 countries: Space technology (spacetech) market size, 2023 (US$M)
Global space technology (spacetech) market share, by type, 2023 & 2030 (%, US$M)
Space technology (spacetech) market: Opportunity assessment by country
Global space technology (spacetech) market, by region, 2023 (US$M)
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