
Space Equipment
Description
Global Space Equipment Market to Reach US$575.4 Billion by 2030
The global market for Space Equipment estimated at US$467.3 Billion in the year 2024, is expected to reach US$575.4 Billion by 2030, growing at a CAGR of 3.5% over the analysis period 2024-2030. Communications Satellites, one of the segments analyzed in the report, is expected to record a 3.8% CAGR and reach US$259.2 Billion by the end of the analysis period. Growth in the Earth Observation Satellites segment is estimated at 3.2% CAGR over the analysis period.
The U.S. Market is Estimated at US$242.8 Billion While China is Forecast to Grow at 4.2% CAGR
The Space Equipment market in the U.S. is estimated at US$242.8 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$54.0 Billion by the year 2030 trailing a CAGR of 4.2% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 2.5% and 3.0% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.7% CAGR.
Global Space Equipment Market - Key Trends & Drivers Summarized
Space equipment comprises an extensive range of systems, tools, and innovative technologies designed for used in space operations. The category encompasses a variety of entities such as satellites, spacecraft, space stations, alongside numerous tools and systems engineered for tasks like navigation, communication, observation, and the exploration of the cosmos beyond our planet`s atmosphere. Space equipment is used by commercial space agencies, defense units and research departments for a variety of operations. Satellites, for instance, are vital for communication, weather forecasting, navigation, and earth observation. Space probes and rovers are deployed to explore the surfaces of other planets and moons, sending back crucial information that aids in our understanding of the solar system. Spacecraft serve as laboratories for scientific research in microgravity, while space suits protect astronauts from the harsh conditions of space, enabling human exploration beyond Earth’s atmosphere.
Technological innovation is a significant growth driver in the space sector. Developments such as reusable launch vehicles, SmallSats, and CubeSats have made space endeavors more affordable. These advancements have democratized space, enabling a broader spectrum of participants to engage in space activities. Innovations in materials science have led to the development of lightweight and durable materials that can withstand the extreme conditions of space, such as high radiation levels and temperature fluctuations. Advanced propulsion technologies, including ion thrusters and reusable rocket engines, have improved the efficiency and cost-effectiveness of space travel. Additionally, advancements in robotics and artificial intelligence have improved the functionality of space probes and rovers, allowing them to perform complex tasks and make autonomous decisions in real-time.
The growth in the space equipment market is driven by several factors. The increasing interest in space exploration, fueled by both governmental and private sector initiatives, is a major driver. National space agencies, such as NASA and ESA, alongside private companies like SpaceX and Blue Origin, are investing heavily in developing new space technologies and expanding human presence in space. The growing demand for satellite-based services including telecommunications, earth observation, and navigation, is also propelling market growth. Technological advancements that enhance the performance and reduce the costs of space missions are making space exploration more accessible. The burgeoning space data-as-a-service market represents another growth avenue. Government bodies, businesses, and research organizations increasingly rely on space-based data for a variety of applications, including broadband and Earth observation. Government policies and funding aimed at promoting space research and exploration are providing additional support. These factors, coupled with the increasing commercialization of space activities, are driving the robust expansion of the space equipment market, ensuring its critical role in advancing our understanding and utilization of space.
SCOPE OF STUDY:The report analyzes the Space Equipment market in terms of units by the following Segments, and Geographic Regions/Countries:
Segments:
Type (Communications Satellites, Earth Observation Satellites, Launch Vehicles)
Geographic Regions/Countries:
World; USA; Canada; Japan; China; Europe; France; Germany; Italy; UK; Rest of Europe; Asia-Pacific; Rest of World.
Select Competitors (Total 112 Featured) -
- Airbus SE
- Arianespace SA
- BAE Systems Plc
- Beyond Gravity
- Dassault Aviation SA
- Honeywell Aerospace Technologies
- Israel Aerospace Industries Ltd.
- Lockheed Martin Corporation
- Northrop Grumman Systems Corporation
- Safran SA
- Space Exploration Technologies Corp.
- The Boeing Company
We`re transforming market and competitive intelligence with validated expert content and AI tools.
Instead of following the general norm of querying LLMs and Industry-specific SLMs, we built repositories of content curated from domain experts worldwide including video transcripts, blogs, search engines research, and massive amounts of enterprise, product/service, and market data.
TARIFF IMPACT FACTOR
Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by increasing the Cost of Goods Sold (COGS), reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.
Please note: Reports are sold as single-site single-user licenses. Electronic versions require 24-48 hours as each copy is customized to the client with digital controls and custom watermarks. The Publisher uses digital controls protecting against copying and printing is restricted to one full copy to be used at the same location.
The latest version of Adobe Acrobat Reader is required to view the report. Upon ordering an electronic version, the Publisher will provide a link to download the purchased report.
Prior to fulfillment of an order, the client will be required to sign a document detailing the purchase terms for a publication from this publisher.
Table of Contents
- I. METHODOLOGY
- II. EXECUTIVE SUMMARY
- 1. MARKET OVERVIEW
- Tariff Impact on Global Supply Chain Patterns
- Robust Outlook for Space Technologies and Growing Indispensability of Satellites in Modern Communication & Networking Space Provides the Foundation for Growth in the Market
- An Introduction to Space Equipment
- Communication Satellites
- Earth Observation Satellites
- Launch Vehicles
- Global Market Outlook
- Competition
- Space Equipment – Global Key Competitors Percentage Market Share in 2025 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2025 (E)
- Recent Market Activity
- Influencer/Product/Technology Insights
- 2. FOCUS ON SELECT PLAYERS
- 3. MARKET TRENDS & DRIVERS
- Innovation & Commercialization Characterize the New Space Era, Fueling Prospects in Space Equipment
- Space Industry Continues to Make Rapid Gains
- Key Upcoming Space Programs and Missions
- Megatrends Elevating the Space Industry
- Robust Satellite Manufacturing and Launch Activity Sets the Tone for Growth
- Growing Number of Active Satellites Stand Testimony to the Strong Market Sentiment Prevalent in the Satellite Equipment Space: Global Number of Satellites (In Units) for Years 2005 through 2024
- Increase in the Number of Space Exploration Missions Fuel Need for New Space Equipment
- Demand for Satellites to Increase Significantly through this Decade End
- How Declining Costs are Driving Space Economy, Presenting Significant Potential for Space Equipment Market
- Declining Launch Cost to Boost Space Exploration Projects, Driving Demand for Space Equipment: Cost per Kg ($) of Payload Delivered to Low Earth Orbit
- Advancements in Satellite Technology: Potential for Growth
- Rise in Demand for Satellite Internet of Things (IoT)
- Decluttering Space and Services In-Orbit Satellites
- Development of Advanced Ground Systems
- Artificial Intelligence (AI) and Machine Learning (ML)
- Use of Advanced COTS Equipment
- Satellite Networks Providers Enhance Throughput Capabilities
- Advanced Payload Systems
- Spacecraft Propulsion
- Very High Throughput Satellites (VHTS)
- Flexible Launch Services
- Additive Manufacturing
- Robotics' Usage in Space
- Expanding Applications of Satellite Imagery in Commercial & Military Sectors
- Global Satellite Imaging Market Breakdown (in %) by End-Use: 2024E
- Emerging Use Cases Drive Demand for Complex and Economic Earth Observation Satellites
- Remote Sensing Satellites Widen Opportunities
- Trends Fueling Earth Observation Market
- Communication Satellites Find Wider Application
- Satellite Launches More Inclined Towards LEO Endeavors as Digitalization Trend Gains Momentum
- Satellite Platforms for Weather Monitoring & Forecasting: An Overview
- Mammoth Gains for Small Satellites Step Up Manufacturing & Launch Activity
- Rising Appeal of Satellite Connectivity Drives Need for Communication Satellites
- Low Earth Orbit Technologies: A Landmark Innovation in Satellites to Fuel Gains
- Demand Up for Satellite Launch Vehicles
- Transforming Trends in Space Launch Industry: Market Poised to Benefit
- Rise in Small Satellite Deployments Drive Demand for Micro-Launcher Services
- Emerging Trends in Launch Systems Poised to Transform Market
- Reusable Launch Systems: A Noteworthy Development in the Space Industry
- Strategic Significance of Space for National Security and Defense Sector Promotes Investments into Space Equipment
- Continuing Efforts by Military Organizations to Strengthen Satellite Networks to Drive Growth
- Military Spending by Top Countries in 2024 (In US$ Billion)
- Rising Demand for Valuable Space Data from Commercial and Defense Sectors Spurs Growth
- A Glance at Major Sources and Types of Data
- Shape Shifting Satellite and Hypersonic Space Plane to Provide Low Cost Access to Space
- High Throughput Communication Satellites to Serve Unprecedented Demands for Video and Data Services
- Increasing Use of Space Technologies for Research on Climate Change, Opportunities for Satellite Equipment Market
- How Space Technologies Can Address the Issue of Climate Change
- Space Equipment Market Benefits from the Sustained Rise in Private Sector Investments
- Global Space Industry Size & Private Investments/Funding (In US$ Billion) for Years 2023, 2026, 2028 and 2030
- Share of Private Funding for Spacetech Companies by Orbital-Regime Focus: 2015 and 2022
- Here's Some of the Leading Private Companies in Space Industry
- Challenges Confronting Space Equipment Market
- 4. GLOBAL MARKET PERSPECTIVE
- TABLE 1: World Space Equipment Market Analysis of Annual Sales in US$ Million for Years 2015 through 2030
- TABLE 2: World Recent Past, Current & Future Analysis for Space Equipment by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2024 through 2030 and % CAGR
- TABLE 3: World Historic Review for Space Equipment by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2015 through 2023 and % CAGR
- TABLE 4: World 15-Year Perspective for Space Equipment by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2015, 2025 & 2030
- TABLE 5: World Recent Past, Current & Future Analysis for Communications Satellites by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2024 through 2030 and % CAGR
- TABLE 6: World Historic Review for Communications Satellites by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2015 through 2023 and % CAGR
- TABLE 7: World 15-Year Perspective for Communications Satellites by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2015, 2025 & 2030
- TABLE 8: World Recent Past, Current & Future Analysis for Earth Observation Satellites by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2024 through 2030 and % CAGR
- TABLE 9: World Historic Review for Earth Observation Satellites by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2015 through 2023 and % CAGR
- TABLE 10: World 15-Year Perspective for Earth Observation Satellites by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2015, 2025 & 2030
- TABLE 11: World Recent Past, Current & Future Analysis for Launch Vehicles by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2024 through 2030 and % CAGR
- TABLE 12: World Historic Review for Launch Vehicles by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2015 through 2023 and % CAGR
- TABLE 13: World 15-Year Perspective for Launch Vehicles by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2015, 2025 & 2030
- III. MARKET ANALYSIS
- UNITED STATES
- Space Equipment Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2025 (E)
- TABLE 14: USA Recent Past, Current & Future Analysis for Space Equipment by Type - Communications Satellites, Earth Observation Satellites and Launch Vehicles - Independent Analysis of Annual Revenues in US$ Million for the Years 2024 through 2030 and % CAGR
- TABLE 15: USA Historic Review for Space Equipment by Type - Communications Satellites, Earth Observation Satellites and Launch Vehicles Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2015 through 2023 and % CAGR
- TABLE 16: USA 15-Year Perspective for Space Equipment by Type - Percentage Breakdown of Value Revenues for Communications Satellites, Earth Observation Satellites and Launch Vehicles for the Years 2015, 2025 & 2030
- CANADA
- TABLE 17: Canada Recent Past, Current & Future Analysis for Space Equipment by Type - Communications Satellites, Earth Observation Satellites and Launch Vehicles - Independent Analysis of Annual Revenues in US$ Million for the Years 2024 through 2030 and % CAGR
- TABLE 18: Canada Historic Review for Space Equipment by Type - Communications Satellites, Earth Observation Satellites and Launch Vehicles Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2015 through 2023 and % CAGR
- TABLE 19: Canada 15-Year Perspective for Space Equipment by Type - Percentage Breakdown of Value Revenues for Communications Satellites, Earth Observation Satellites and Launch Vehicles for the Years 2015, 2025 & 2030
- JAPAN
- Space Equipment Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2025 (E)
- TABLE 20: Japan Recent Past, Current & Future Analysis for Space Equipment by Type - Communications Satellites, Earth Observation Satellites and Launch Vehicles - Independent Analysis of Annual Revenues in US$ Million for the Years 2024 through 2030 and % CAGR
- TABLE 21: Japan Historic Review for Space Equipment by Type - Communications Satellites, Earth Observation Satellites and Launch Vehicles Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2015 through 2023 and % CAGR
- TABLE 22: Japan 15-Year Perspective for Space Equipment by Type - Percentage Breakdown of Value Revenues for Communications Satellites, Earth Observation Satellites and Launch Vehicles for the Years 2015, 2025 & 2030
- CHINA
- Space Equipment Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2025 (E)
- TABLE 23: China Recent Past, Current & Future Analysis for Space Equipment by Type - Communications Satellites, Earth Observation Satellites and Launch Vehicles - Independent Analysis of Annual Revenues in US$ Million for the Years 2024 through 2030 and % CAGR
- TABLE 24: China Historic Review for Space Equipment by Type - Communications Satellites, Earth Observation Satellites and Launch Vehicles Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2015 through 2023 and % CAGR
- TABLE 25: China 15-Year Perspective for Space Equipment by Type - Percentage Breakdown of Value Revenues for Communications Satellites, Earth Observation Satellites and Launch Vehicles for the Years 2015, 2025 & 2030
- EUROPE
- Space Equipment Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2025 (E)
- TABLE 26: Europe Recent Past, Current & Future Analysis for Space Equipment by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2024 through 2030 and % CAGR
- TABLE 27: Europe Historic Review for Space Equipment by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2015 through 2023 and % CAGR
- TABLE 28: Europe 15-Year Perspective for Space Equipment by Geographic Region - Percentage Breakdown of Value Revenues for France, Germany, Italy, UK and Rest of Europe Markets for Years 2015, 2025 & 2030
- TABLE 29: Europe Recent Past, Current & Future Analysis for Space Equipment by Type - Communications Satellites, Earth Observation Satellites and Launch Vehicles - Independent Analysis of Annual Revenues in US$ Million for the Years 2024 through 2030 and % CAGR
- TABLE 30: Europe Historic Review for Space Equipment by Type - Communications Satellites, Earth Observation Satellites and Launch Vehicles Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2015 through 2023 and % CAGR
- TABLE 31: Europe 15-Year Perspective for Space Equipment by Type - Percentage Breakdown of Value Revenues for Communications Satellites, Earth Observation Satellites and Launch Vehicles for the Years 2015, 2025 & 2030
- FRANCE
- Space Equipment Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2025 (E)
- TABLE 32: France Recent Past, Current & Future Analysis for Space Equipment by Type - Communications Satellites, Earth Observation Satellites and Launch Vehicles - Independent Analysis of Annual Revenues in US$ Million for the Years 2024 through 2030 and % CAGR
- TABLE 33: France Historic Review for Space Equipment by Type - Communications Satellites, Earth Observation Satellites and Launch Vehicles Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2015 through 2023 and % CAGR
- TABLE 34: France 15-Year Perspective for Space Equipment by Type - Percentage Breakdown of Value Revenues for Communications Satellites, Earth Observation Satellites and Launch Vehicles for the Years 2015, 2025 & 2030
- GERMANY
- Space Equipment Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2025 (E)
- TABLE 35: Germany Recent Past, Current & Future Analysis for Space Equipment by Type - Communications Satellites, Earth Observation Satellites and Launch Vehicles - Independent Analysis of Annual Revenues in US$ Million for the Years 2024 through 2030 and % CAGR
- TABLE 36: Germany Historic Review for Space Equipment by Type - Communications Satellites, Earth Observation Satellites and Launch Vehicles Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2015 through 2023 and % CAGR
- TABLE 37: Germany 15-Year Perspective for Space Equipment by Type - Percentage Breakdown of Value Revenues for Communications Satellites, Earth Observation Satellites and Launch Vehicles for the Years 2015, 2025 & 2030
- ITALY
- TABLE 38: Italy Recent Past, Current & Future Analysis for Space Equipment by Type - Communications Satellites, Earth Observation Satellites and Launch Vehicles - Independent Analysis of Annual Revenues in US$ Million for the Years 2024 through 2030 and % CAGR
- TABLE 39: Italy Historic Review for Space Equipment by Type - Communications Satellites, Earth Observation Satellites and Launch Vehicles Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2015 through 2023 and % CAGR
- TABLE 40: Italy 15-Year Perspective for Space Equipment by Type - Percentage Breakdown of Value Revenues for Communications Satellites, Earth Observation Satellites and Launch Vehicles for the Years 2015, 2025 & 2030
- UNITED KINGDOM
- Space Equipment Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2025 (E)
- TABLE 41: UK Recent Past, Current & Future Analysis for Space Equipment by Type - Communications Satellites, Earth Observation Satellites and Launch Vehicles - Independent Analysis of Annual Revenues in US$ Million for the Years 2024 through 2030 and % CAGR
- TABLE 42: UK Historic Review for Space Equipment by Type - Communications Satellites, Earth Observation Satellites and Launch Vehicles Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2015 through 2023 and % CAGR
- TABLE 43: UK 15-Year Perspective for Space Equipment by Type - Percentage Breakdown of Value Revenues for Communications Satellites, Earth Observation Satellites and Launch Vehicles for the Years 2015, 2025 & 2030
- REST OF EUROPE
- TABLE 44: Rest of Europe Recent Past, Current & Future Analysis for Space Equipment by Type - Communications Satellites, Earth Observation Satellites and Launch Vehicles - Independent Analysis of Annual Revenues in US$ Million for the Years 2024 through 2030 and % CAGR
- TABLE 45: Rest of Europe Historic Review for Space Equipment by Type - Communications Satellites, Earth Observation Satellites and Launch Vehicles Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2015 through 2023 and % CAGR
- TABLE 46: Rest of Europe 15-Year Perspective for Space Equipment by Type - Percentage Breakdown of Value Revenues for Communications Satellites, Earth Observation Satellites and Launch Vehicles for the Years 2015, 2025 & 2030
- ASIA-PACIFIC
- Space Equipment Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2025 (E)
- TABLE 47: Asia-Pacific Recent Past, Current & Future Analysis for Space Equipment by Type - Communications Satellites, Earth Observation Satellites and Launch Vehicles - Independent Analysis of Annual Revenues in US$ Million for the Years 2024 through 2030 and % CAGR
- TABLE 48: Asia-Pacific Historic Review for Space Equipment by Type - Communications Satellites, Earth Observation Satellites and Launch Vehicles Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2015 through 2023 and % CAGR
- TABLE 49: Asia-Pacific 15-Year Perspective for Space Equipment by Type - Percentage Breakdown of Value Revenues for Communications Satellites, Earth Observation Satellites and Launch Vehicles for the Years 2015, 2025 & 2030
- REST OF WORLD
- TABLE 50: Rest of World Recent Past, Current & Future Analysis for Space Equipment by Type - Communications Satellites, Earth Observation Satellites and Launch Vehicles - Independent Analysis of Annual Revenues in US$ Million for the Years 2024 through 2030 and % CAGR
- TABLE 51: Rest of World Historic Review for Space Equipment by Type - Communications Satellites, Earth Observation Satellites and Launch Vehicles Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2015 through 2023 and % CAGR
- TABLE 52: Rest of World 15-Year Perspective for Space Equipment by Type - Percentage Breakdown of Value Revenues for Communications Satellites, Earth Observation Satellites and Launch Vehicles for the Years 2015, 2025 & 2030
- IV. COMPETITION
Pricing
Currency Rates