The space sensors and actuators market size has grown rapidly in recent years, reaching $7.16 billion in 2024 and escalating to $8.54 billion in 2025 at a compound annual growth rate (CAGR) of 19.2%. This growth in the historic period owes its progress to investments in R&D, space debris mitigation, global positioning systems (GPS), scientific and space research, military and defense applications, remote sensing, and earth observation.
The space sensors and actuators market size is forecasted to see a significant surge in growth over the coming years, touching $16.46 billion in 2029 at a compound annual growth rate (CAGR) of 17.8%. The growth in the forecast period is attributed to the commercialization of space activities, focusing on cost efficiency, emergence of small satellite platforms, precision, and reliability requirements, and AI and autonomous systems in space. Major trends include miniaturization and advanced technologies, increased space exploration missions, demand for remote sensing and earth observation, IoT and connectivity in space, and cost reduction in space missions.
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What Are The Driving Forces Behind The Space Sensors And Actuators Market Growth?
The space sensors and actuators market is fueled by the increasing number of satellites launched frequently. The rapid expansion and deployment of satellites into orbit are critical for gathering relevant data used for various applications, including communications, positioning, navigation, and timing (PNT), earth imaging, environmental and climate monitoring, and scientific research. Satellites exploit sensors and actuators for feedback on velocity and position, and the end of 2022 saw over 6,718 active satellites orbiting the planet, nearly 2,000 more than the previous year. Consequently, this increasing number of space launches propels the demand for space sensors and actuators.
What Are The Key Segments Within The Global Space Sensors And Actuators Market?
1) By Product Type: Sensors, Actuators
2) By Platform: Satellites, Capsules Or Cargos, Interplanetary Spacecraft And Probes, Rovers Or Spacecraft Landers, Launch Vehicle
3) By Application: Attitude And Orbital Control System, Command And Data Handling System, Telemetry, Tracking And Command, Thermal System, Propellent Feed System, Rocket Motors, Surface Mobility And Navigation System, Berthing And Docking System, Robotic Arm Or Manipulator System, Thrust Vector Control System, Engine Valve Control System, Solar Array Drive Mechanism, Other Applications
4) By End User: Commercial, Government, Defense
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Which Major Companies Are Operating In The Space Sensors And Actuators Market?
Major firms functioning in the space sensors and actuators market include TE Connectivity Ltd., Ametek Inc., Analog Devices Inc., Bradford Space Inc., Honeywell International Inc., Innovative Sensor Technology IST AG, Lockheed Martin Corporation, Maxar Technologies Inc., MinebeaMitsumi Inc., Moog Inc., Northrop Grumman Corporation, Renesas Electronics Corporation, Teledyne UK Limited, Texas Instruments Incorporated, Cedrat Technologies SA, InnaLabs Limited, Leonardo DRS Inc., Sierra Nevada Corporation, Rüstungs Unternehmen AG, STMicroelectronics N.V., Raytheon Technologies Corporation, Digi-Key Electronics Pvt. Ltd., Minebea Intec GmbH, Ball Aerospace & Technologies Corp., BAE Systems PLC, L3Harris Technologies Inc., Thales Group, Airbus Defence and Space, Safran Electronics & Defense, Sensata Technologies Holding PLC, Kistler Holding AG, First Sensor AG, MTS Systems Corporation, Curtiss-Wright Corporation, Parker Hannifin Corporation, Woodward Inc., Eaton Corporation PLC, Spanish Society of Engineering and Construction, Space Inventor A/S.
What Are The Emerging Trends in The Space Sensors And Actuators Market?
There is a focus on advancements in product technology, such as radiation-hardened memory components, in the space sensors and actuators market as a burgeoning trend. These memory components are specific semiconductor memories designed to resist the damage caused by ionizing radiation, and are primarily used in space, nuclear, and high-radiation environments for reliable data storage and retrieval. As an example, in April 2022, Infineon Technologies LLC launched the first ferroelectric RAM (F-RAM) with a serial interface that has been radiation-hardened for use in harsh environments. These new technologies offer superior dependability and data retention while employing less energy than non-volatile EEPROM and serial NOR Flash devices for space applications.
Which Region Holds The Largest Share In The Space Sensors And Actuator Market?
North America claimed the largest share in the space sensors and actuators market in 2024. The regions analyzed in the space sensors and actuators market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
What Does The Space Sensors And Actuators Market Report 2025 Offer?
The space sensors are devices that examine various quantities while the satellite is in flight. These sensors act as the satellite’s eyes and ears, as actuators are used to apply force or torque to the satellite body, aligning it correctly. The feedback on the velocity and position of satellites is provided by space sensors and actuators, considerably enhancing their efficiency. The Space Sensors And Actuators Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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