Middle East & Africa Space Technology (spacetech) Market Size & Outlook
Middle East & Africa space technology (spacetech) market, 2018-2030 (US$M)
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MEA space technology (spacetech) market highlights
- The MEA space technology (spacetech) market generated a revenue of USD 4,671.9 million in 2023.
- The market is expected to grow at a CAGR of 8.2% 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.
MEA data book summary
| Market revenue in 2023 | USD 4,671.9 million |
| Market revenue in 2030 | USD 8,098.8 million |
| Growth rate | 8.2% (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 |
| 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, MEA region accounted for 1.2% of the global space technology (spacetech) market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 169,017.9 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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Middle East & Africa 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 57.58% in 2023. Horizon Databook has segmented the Middle East & Africa 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 continent-level data and insights on the Middle East & Africa space technology (spacetech) market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa space technology (spacetech) market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Middle East & Africa space technology (spacetech) market
Middle East & Africa Space Technology (SpaceTech) Market Outlook Share, 2023 & 2030 (US$M)
Middle East & Africa space technology (spacetech) market
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