Canada Space Technology (spacetech) Market Size & Outlook
Canada space technology (spacetech) market, 2018-2030 (US$M)
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Canada space technology (spacetech) market highlights
- The Canada space technology (spacetech) market generated a revenue of USD 5,298.8 million in 2023 and is expected to reach USD 9,318.4 million by 2030.
- The Canada market is expected to grow at a CAGR of 8.4% from 2024 to 2030.
- In terms of segment, space vehicles was the largest revenue generating type in 2023.
- Deep-space communication is the most lucrative type segment registering the fastest growth during the forecast period.
Space technology (spacetech) market data book summary
| Market revenue in 2023 | USD 5,298.8 million |
| Market revenue in 2030 | USD 9,318.4 million |
| Growth rate | 8.4% (CAGR from 2023 to 2030) |
| Largest segment | Space vehicles |
| Fastest growing segment | Deep-space communication |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Space Vehicles, Deep-space communication, In-space Propulsion |
| Key market players worldwide | Airbus SE, Astra Space Inc Class A, Ball Corp, Boeing Co, China Aerospace International Holdings Ltd, General Dynamics Corp, Hindustan Aeronautics, Honeywell International Inc, Lockheed Martin Corp, Maxar Technologies, Northrop Grumman Corp, Rocket Lab USA Inc, Safran SA, Sierra Nevada Brewing, Thales Group, Virgin Galactic Holdings Inc Shs A |
Other key industry trends
- In terms of revenue, Canada accounted for 1.4% of the global space technology (spacetech) market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. space technology (spacetech) market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 9,318.4 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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Canada 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 59.7% in 2023. Horizon Databook has segmented the Canada 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.
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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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Horizon Databook provides a detailed overview of country-level data and insights on the Canada space technology (spacetech) market , including forecasts for subscribers. This country databook contains high-level insights into Canada space technology (spacetech) market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada space technology (spacetech) market
Canada Space Technology (SpaceTech) Market Outlook Share, 2023 & 2030 (US$M)
Canada space technology (spacetech) market
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