Global Spacecraft Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Type;

Manned Spacecraft, and Unmanned Spacecraft.

By Component;

Payload, Structures and Mechanisms, Thermal Control, and Power Systems.

By Application;

Communication, Earth Observation and Remote Sensing, Navigation and Mapping, and Space Exploration.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn896682405 Published Date: January, 2025 Updated Date: February, 2025

Introduction

Global Spacecraft Market (USD Million), 2021 - 2031

In the year 2024, the Global Spacecraft Market was valued at USD 6,764.13 million. The size of this market is expected to increase to USD 8,824.14 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 3.9%.

The global spacecraft market is experiencing robust growth driven by advancements in technology, increasing commercialization of space activities, and expanding government investments in space exploration and satellite deployment. Spacecraft are essential for a wide range of applications including telecommunications, Earth observation, navigation, scientific research, and national security. The demand for spacecraft is particularly pronounced in the telecommunications sector, where the need for global connectivity continues to drive the deployment of communication satellites. Additionally, Earth observation satellites are crucial for monitoring climate change, natural disasters, agriculture, and urban development, thereby supporting various industries and government agencies.

Commercialization of space activities is a significant trend shaping the spacecraft market. Private companies are increasingly involved in manufacturing, launching, and operating spacecraft, driven by opportunities in satellite-based services, space tourism, and mining of celestial resources. Companies like SpaceX, Blue Origin, and OneWeb are leading the charge in reducing launch costs, enhancing launch frequency, and developing reusable spacecraft technologies, which are revolutionizing the industry and expanding market accessibility.

Moreover, government investments remain pivotal in driving the growth of the spacecraft market, with various countries expanding their space exploration programs and satellite constellations. National space agencies continue to collaborate with commercial partners to accelerate innovation and expand the capabilities of spacecraft for both manned and unmanned missions. As technological advancements continue and the commercial space sector matures, the global spacecraft market is expected to see sustained growth, supported by increasing demand for satellite-based services, advancements in satellite technology, and the emergence of new space exploration initiatives.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Component
    3. Market Snapshot, By Application
    4. Market Snapshot, By Region
  4. Global Spacecraft Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Technological Advancements
        2. Commercialization of Space Activities
        3. Government Funding and Initiatives
      2. Restraints
        1. High Development and Launch Costs
        2. Regulatory Complexities
        3. Technological Risks and Reliability Issues
      3. Opportunities
        1. Emerging Satellite-Based Services
        2. Growth in Space Tourism
        3. Expansion of Earth Observation
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Spacecraft Market, By Type, 2021 - 2031 (USD Million)
      1. Manned Spacecraft
      2. Unmanned Spacecraft
    2. Global Spacecraft Market, By Component, 2021 - 2031 (USD Million)
      1. Payload
      2. Structures and Mechanisms
      3. Thermal Control
      4. Power Systems
    3. Global Spacecraft Market, By Application, 2021 - 2031 (USD Million)
      1. Communication
      2. Earth Observation and Remote Sensing
      3. Navigation and Mapping
      4. Space Exploration
    4. Global Spacecraft Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Boeing
      2. Airbus Defence and Space
      3. Lockheed Martin
      4. Northrop Grumman
      5. SpaceX
      6. Blue Origin
      7. Thales Alenia Space
      8. Ball Aerospace
      9. Maxar Technologies
  7. Analyst Views
  8. Future Outlook of the Market