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Space Sensors and Actuators Market Size

  • Report ID: GMI12201
  • Published Date: Nov 2024
  • Report Format: PDF

Space Sensors and Actuators Market Size

The global space sensors and actuators market size was valued at USD 3 billion in 2024 and is estimated to grow at a CAGR of 14.2% from 2025 to 2034. Space sensors and actuators are undergoing major technological improvements, with a focus on making them smaller and more functional. New developments like MEMS-based sensors and piezoelectric actuators are boosting performance while shrinking size and weight. These advances are especially important for spacecraft, probes, and rovers traveling between planets, as they need highly reliable and compact systems that can withstand the harsh conditions of space.

 

For instance, in July 2023, Sidus Space announced plans to include a SOLAR MEMS star tracker on its fourth LizzieSat mission. Star trackers are vital for determining a satellite's orientation and position in space. SOLAR MEMS, known for its sun sensor technologies, designed this autonomous device to capture star constellation images, improving the accuracy of the satellite's orientation data relative to Earth.
 

The space sensors and actuators market is advancing towards miniaturization, improved functionality, and increased reliability to meet the demands of modern space missions. Governments and private companies are ramping up investments in deep-space missions to explore Mars, asteroids, and other celestial bodies. These ambitious ventures require high-performance sensors and actuators for various applications, including thermal control, telemetry, and engine valve control.
 

The demand is particularly high for sensors like spectrometers and humidity/temperature sensors, which are crucial for environmental monitoring in space. As these missions become more complex and frequent, the need for advanced, reliable sensing technologies continues to grow, driving innovation in the space exploration sector.
 

Authors: Suraj Gujar, Partha Paul

Frequently Asked Questions (FAQ) :

The market size of space sensors and actuators reached USD 3 billion in 2024 and is set to grow at a 14.2% CAGR from 2025 to 2034, driven by technological advancements in sensor and actuator design.

The commercial segment dominated the global market with a revenue of USD 2.4 billion in 2024, led by increased investments in satellites and private space companies.

North America dominated the market in 2024 with a 43.4% share, propelled by government initiatives, technological advancements, and a robust commercial sector.

The key players in the industry include Airbus, Ametek, Arquimea, Cedrat Technologies, Comat, CubeSpace Satellite Systems, Ensign-Bickford Aerospace & Defense, Honeywell, Maxar Technologies, MinebeaMitsumi, Moog, PHI Drive, Raytheon Technologies, Space-Lock, and TE Connectivity.

Space Sensors and Actuators Market Scope

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Premium Report Details

  • Base Year: 2024
  • Companies covered: 17
  • Tables & Figures: 304
  • Countries covered: 18
  • Pages: 210
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