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Global Space Sensors and Actuators Market to reach USD 9.53 Billion by 2027.

Global Space Sensors and Actuators Market Size study, by Product Type (sensors, actuators), by Platform (Satellites, Capsulescargos, Interplanetary spacecraft & probes, Rovers/spacecraft landers, launch vehicles), by Application (Attitude & orbital control system (AOCS), Command & data handling system (C&DH), Telemetry, tracking, and command, Thermal system, Propellant feed systems, Rocket motors), and Regional Forecasts 2021-2027

Product Code: SSAD-69215362
Publish Date: 17-07-2021
Page: 200

Global Space sensors and actuators Market is valued approximately at USD 2.82 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 19.0% over the forecast period 2021-2027. The global space sensors and actuators market is being driven by increasing development of radiation-hardened electro-optical space sensors and increasing use of electro hydrostatic actuators in space applications. Furthermore, development of advanced actuators for small satellites and launch vehicles and development of quantum sensors for space gravity and climate, will provide new opportunities for the global space sensors and actuators industry. For instance, US Air Force Research Laboratory in July 2020 announces contract of U.S 7.7 million to Ball Aerospace for an agreement for infrared radiation effects on electro-optical sensors such as visible-light focal plane arrays and infrared. These are retains of the satellite based infrared imaging sensors for the military reconnaissance and also for the surveillance purpose. It also has civil remote sensing to monitor the agriculture, urban development and oil and gas aspects . As a result, development of advanced actuators for small satellites and launch vehicles and development of quantum sensors which will serve as a catalyst for the space sensors and actuators industry in the future. However, Government policies related to spacecraft and Sensor and actuator technology maturity for surface missions may impede market growth over the forecast period of 2021-2027.

Asia Pacific, North America, Europe, Latin America, and Rest of the World are the key region considered for the regional analysis of global space sensors and actuators Market. The raising demand in commercial lunar moon and mars missions and raising deployment of orbiter satellites, CubeSats in moon exploration makes North America the leading region across the world in terms of market share. Whereas Europe is also anticipated to exhibit the highest growth rate over the forecast period 2021-2027 due to the presence of key players in the region.
Major market player included in this report are:

TE connectivity ltd
Texas instruments incorporated
Minebeamitsumi Inc.
Renesas electronics Corporation
Honeywell international Inc
Moog Inc.
Ruag group
Bradford space
Teledyne UK limited
Analog devices Inc.

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Product Type:
Sensors
Actuators
By Platform:
Satellites
Capsulescargos
Interplanetary spacecraft & probes
Rovers/spacecraft landers
Launch vehicles
By Application:
Attitude & orbital control system (AOCS)
Command & data handling system (C&DH)
Telemetry tracking, and command
Thermal system
Propellant feed systems
Rocket motors

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019
Base year – 2020
Forecast period – 2021 to 2027.

Target Audience of the Global Space Sensors and Actuators Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2027 (USD Billion)
1.2.1. Space Sensors and Actuators Market , by Region, 2019-2027 (USD Billion)
1.2.2. Space Sensors and Actuators Market , by Product Type, 2019-2027 (USD Billion)
1.2.3. Space Sensors and Actuators Market , by Platform , 2019-2027 (USD Billion)
1.2.4. Space Sensors and Actuators Market , by Application, 2019-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Space Sensors and Actuators Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Space Sensors and Actuators Market Dynamics
3.1. Space Sensors and Actuators Market Impact Analysis (2019-2027)
3.1.1. Market Drivers
3.1.1.1. Increasing development of radiation-hardened electro-optical space sensors
3.1.1.2. Increasing use of electro hydrostatic actuators in space applications
3.1.2. Market Restraint
3.1.2.1. Government policies related to spacecraft
3.1.2.2. Sensor and actuator technology maturity for surface missions
3.1.3. Market Opportunities
3.1.3.1. Development of advanced actuators for small satellites and launch vehicles
3.1.3.2. Development of quantum sensors for space gravity and climate
Chapter 4. Global Space Sensors and Actuators Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2027)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Space Sensors and Actuators Market , by Product Type
5.1. Market Snapshot
5.2. Global Space Sensors and Actuators Market by Product Type, Performance – Potential Analysis
5.3. Global Space Sensors and Actuators Market Estimates & Forecasts by Product Type 2018-2027 (USD Billion)
5.4. Space Sensors and Actuators Market , Sub Segment Analysis
5.4.1. Sensors
5.4.2. Actuators
Chapter 6. Global Space Sensors and Actuators Market , by Platform
a. Market Snapshot
6.1. Global Space Sensors and Actuators Market by Platform, Performance – Potential Analysis
6.2. Global Space Sensors and Actuators Market Estimates & Forecasts by Platform 2018-2027 (USD Billion)
6.3. Space Sensors and Actuators Market , Sub Segment Analysis
6.3.1. Satellites
6.3.2. Capsulescargos
6.3.3. Interplanetary spacecraft & probes
6.3.4. Rovers/spacecraft landers
6.3.5. launch vehicles
Chapter 7. Global Space Sensors and Actuators Market , by Application
b. Market Snapshot
7.1. Global Space Sensors and Actuators Market by Application, Performance – Potential Analysis
7.2. Global Space Sensors and Actuators Market Estimates & Forecasts by Application 2018-2027 (USD Billion)
7.3. Space Sensors and Actuators Market , Sub Segment Analysis
7.3.1. Attitude & orbital control system (AOCS)
7.3.2. Command & data handling system (C&DH)
7.3.3. Telemetry, tracking, and command
7.3.4. Thermal system
7.3.5. Propellant feed systems
7.3.6. Rocket motors
Chapter 8. Global Space Sensors and Actuators Market , Regional Analysis
8.1. Space Sensors and Actuators Market , Regional Market Snapshot
8.2. North America Space Sensors and Actuators Market
8.2.1. U.S. Space Sensors and Actuators Market
8.2.1.1. Product Type breakdown estimates & forecasts, 2018-2027
8.2.1.2. Platform breakdown estimates & forecasts, 2018-2027
8.2.1.3. Application breakdown estimates & forecasts, 2018-2027
8.2.2. Canada Space Sensors and Actuators Market
8.3. Europe Space Sensors and Actuators Market Snapshot
8.3.1. U.K. Space Sensors and Actuators Market
8.3.2. Germany Space Sensors and Actuators Market
8.3.3. France Space Sensors and Actuators Market
8.3.4. Spain Space Sensors and Actuators Market
8.3.5. Italy Space Sensors and Actuators Market
8.3.6. Rest of Europe Space Sensors and Actuators Market
8.4. Asia-Pacific Space Sensors and Actuators Market Snapshot
8.4.1. China Space Sensors and Actuators Market
8.4.2. India Space Sensors and Actuators Market
8.4.3. Japan Space Sensors and Actuators Market
8.4.4. Australia Space Sensors and Actuators Market
8.4.5. South Korea Space Sensors and Actuators Market
8.4.6. Rest of Asia Pacific Space Sensors and Actuators Market
8.5. Latin America Space Sensors and Actuators Market Snapshot
8.5.1. Brazil Space Sensors and Actuators Market
8.5.2. Mexico Space Sensors and Actuators Market
8.6. Rest of The World Space Sensors and Actuators Market
Chapter 9. Competitive Intelligence
9.1. Top Market Strategies
9.2. Company Profiles
9.2.1. TE connectivity ltd.
9.2.1.1. Key Information
9.2.1.2. Overview
9.2.1.3. Financial (Subject to Data Availability)
9.2.1.4. Product Summary
9.2.1.5. Recent Developments
9.2.2. Texas instruments incorporated
9.2.3. Minebeamitsumi Inc.
9.2.4. Renesas electronics corporation
9.2.5. Honeywell international Inc
9.2.6. Moog Inc.
9.2.7. Ruag group
9.2.8. Bradford space
9.2.9. Teledyne UK limited
9.2.10. Analog devices Inc.

Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

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Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
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Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
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