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Evolving Deep Space Technologies Market – A Global and Regional Analysis: Focus on Application, Mission, End User, Technology, and Country Analysis – Analysis and Forecast, 2022-2032

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In terms of value, the evolving deep space technologies market was valued at $7,509.0 million in 2021 and is projected to be valued at $1,039.3 million by 2032.

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Description

Evolving Deep Space Technologies Market Overview

In terms of value, the evolving deep space technologies market was valued at $7,509.0 million in 2021 and is projected to be valued at $1,039.3 million by 2032. Evolving deep space technologies market is expected to be driven by an increase in the number of missions, emergence of public and private space industries, huge technological investment, and funding by the government space agencies, among other factors.

Market Lifecycle Stage

Evolving deep space technologies have gained significant importance between 2019-2022. The space industry is continuously innovating and developing advanced technologies with the objective of increasing the demand for deep space exploration. Over the past few years, the development of advanced technologies and other operational techniques, including reusable launch vehicles, sustainable technologies, human and robotic servicing, and autonomous space operations, has been accelerated due to the integration of these technologies with deep learning and artificial intelligence (AI) capabilities. The evolution in deep space navigation and guidance techniques and the development of artificial intelligence (AI) technologies are driving the evolving deep space technologies market growth across sectors.

Impact

Deep space exploration has reached great advancement in a variety of fields, including those related to energy and the environment, consumer products, transportation, consumer services, information technology, and industrial uses. The major challenge in developing deep space technologies is that the cost associated with the manufacturing of space platforms and components is very high. The numerous levels of research, evaluation, testing, reviews, and documentation according to the set standards at each stage of manufacturing system components are expensive and time-consuming. Additionally, insufficient power backup for deep space missions is another challenge. Moreover, deep space missions are not recurring every year. This results in the declining demand of the evolving deep space technologies market.

Market Segmentation

Segmentation 1: by Application

• Moon Exploration
• Mars Exploration
• Asteroid Exploration
• Other (Planetary Exploration)

Based on application, evolving deep space technologies market is expected to be dominated by the other planetary exploration segment.

Segmentation 2: by End User

• Commercial
• Government

Based on end user, evolving deep space technologies market is expected to be dominated by the government segment.

Segmentation 3: by Technology

• Launch Vehicles
• Landers
• Orbiters
• Robotic Rovers
• Space Probes

Based on technology type, the evolving deep space technologies market is expected to be dominated by orbiter segment during the forecast period.

Segmentation 4: by Mission

• Crewed Mission
• Uncrewed Mission

Segmentation 5: by Region
• North America – U.S. and Canada
• Europe – France, Germany, U.K., and Rest-of-Europe
• Asia-Pacific – China, Japan, India, and Rest-of-Asia-Pacific
• Rest-of-the-World – Middle East and Africa, and South America

North America accounted for a higher share because the maximum number of companies are present in the region, along with the large contribution of the U.S. government toward the space budget, which helps in developing and enhancing the region’s space sector in terms of deep space explorations.

Recent Developments in the Evolving Deep Space Technologies Market

• On 22 November 2022, ispace inc., an aerospace company developing robotic spacecraft technologies, launched its lunar landing mission, named Hakuto-R Mission1. This mission carried commercial and government payloads, including two lunar rovers, Rashid, and the Japanese Lunar Excursion Vehicle.
• In August 2022, The NASA Small Business Innovation Research (SBIR) Sequential Phase II program selected Astrobotic to develop, test, and fly lunar night survival and communication technologies onboard its Cube Rover platform.
• On 28 June 2022, Rocket Lab, a leading launch and space systems company, launched NASA’s Cislunar Autonomous Positioning System Technology Operations and Navigation Experiment (CAPSTONE) spacecraft. This mission aims to verify the orbital stability of a Near Rectilinear Halo Orbit around the Moon, which is the same orbit planned for Gateway.
• In May 2022, The European Space Agency (ESA) awarded a contract worth $490 million to Airbus to further develop and build LISA Pathfinder. Now the mission is in phase B1, and all technological advancements are planned to be completed by 2024.
• In April 2022, Northrop Grumman Corporation partnered with the National Aeronautics and Space Administration (NASA) for the development of the James Webb Space Telescope.
• In April 2022, Firefly Aerospace completed Integration Readiness Review (IRR) of its Blue Ghost Lunar Lander. IRR test was completed just after six months of Critical Design Review (CDR).
• On 15 February 2022, Lockheed Martin Corporation received three contracts worth $ 231.6 million from the National Aeronautics and Space Administration (NASA) for the visionary Mars Sample Return program and for building the space rocket named Mars Ascent Vehicle (MAV).
• On 10 February 2022, GITAI, a space robotics start-up, announced the development of its advanced lunar robotic rover, “R1” that can perform general-purpose tasks on the Moon such as exploration, mining, inspection, maintenance, and assembly.

Demand – Drivers and Limitations

Following are the drivers for evolving deep space technologies market:

• Increasing Efforts for Deep Space Exploration Missions by Government and Commercial Entities
• Utilization of Artificial Intelligence (AI) and Robotics in Space Technologies

Following are the challenges for evolving deep space technologies market:

• Insufficient Power Backup for Deep Space Missions
• High Cost Associated with Deep Space Technology Components

Following are the opportunities for evolving deep space technologies market:

• Entrance of Non-Space Participants into the Space Industry
• In-Situ Resource Utilization for Further Deep Space Exploration

How can this report add value to an organization?

Platform/Innovation Strategy: The product segment helps the reader to understand the different types of evolving deep space technologies in the industry to conduct planetary explorations as well as human spaceflight and habitation explorations. Moreover, the study provides the reader with a detailed understanding of the different deep-space technologies such as orbiters, landers, robotic rovers, space drones, and launch vehicles.

Growth/Marketing Strategy: Evolving deep space technologies market has seen major development activities by key players operating in the market, such as business expansion activities, contracts, mergers, partnerships, collaborations, and joint ventures. The favored strategy for the companies has been contracts to strengthen their position in evolving deep space technologies market. For instance, on 19 April 2022, the European Space Agency (ESA) awarded a contract worth $490 million to Airbus to further develop and build LISA Pathfinder. Now the mission is in phase B1, and all technological advancements are planned to be completed by 2024. Furthermore, in September 2022, Axiom Space was awarded a $228 million contract to develop space suits for the Artemis-3 mission.

Competitive Strategy: Key players in evolving deep space technologies market analyzed and profiled in the study involve deep space technologies manufacturers that offer orbiters, landers, rovers, and space probes technologies to explore the planets. Moreover, a detailed competitive benchmarking of the players operating in evolving deep space technologies market offers advanced technologies such as surface habitat module and airlock module that generates new possibilities for robotic scientific missions. Additionally, comprehensive competitive strategies such as contracts, partnerships, agreements, acquisitions, and collaborations will aid the reader in understanding the untapped revenue pockets in the market.

Key Market Players and Competition Synopsis

The companies that are profiled have been selected based on inputs gathered from primary experts and analysis of the company’s market coverage, product portfolio, and market penetration.

In 2021, the top segment players leading the market included established players, constituting 54% of the presence in the market. Emerging market participants include start-up entities that account for approximately 46% of the presence in the market.

Key Companies Profiled

• Lockheed Martin Corporation
• Northrop Grumman Corporation
• Thales Alenia Space
• Boeing
• Airbus
• Astrobotic Technology
• Maxar Technologies
• Firefly Aerospace
• Intuitive Machines
• Redwire Corporation
• GITAI
• Lunar Outpost
• ispace
• Mu Space
• Axiom Space

Additional information

Publisher

Geography Covered

Date Published

Pages

Format

Base Year

2022
Base Market Size

$4, 549.8 Million in 2022
Currency

USD
Forecast Year

2032
Market Size Forecast

$1, 039.3 Million by 2032
CAGR

-13.73%

Table of Contents

1 Markets 1 Industry Outlook 1.1.1 Evolving Deep Space Technologies: Overview 1.1.2 Upcoming and Current Technological Advancements 1.1.2.1 Artificial Intelligence and Robotics 1.1.2.2 Reusable Rockets 1.1.2.3 Solar Sails 1.1.2.4 3-D Printing Using Regolith 1.1.2.5 Solar Technology 1.1.3 Key Ongoing Programs and Upcoming Programs 1.1.4 Supply Chain Analysis 1.1.5 Patent Analysis 1.2 Business Dynamics 1.2.1 Business Drivers 1.2.1.1 Increasing Efforts for Deep Space Exploration Missions by Government and Commercial Entities 1.2.1.2 Utilization of Artificial Intelligence (AI) and Robotics in Space Technologies 1.2.2 Business Challenges 1.2.2.1 Insufficient Power Backup for Deep Space Missions 1.2.2.2 High Cost Associated with Deep Space Technology Components 1.2.3 Business Strategies 1.2.4 Corporate Strategies 1.2.4.1 Partnerships, Collaborations, Agreements, and Contracts 1.2.4.2 Mergers and Acquisitions 1.2.5 Business Opportunities 1.2.5.1 Entrance of Non-Space Participants into the Space Industry 1.2.5.2 In-Situ Resource Utilization for Further Deep Space Exploration 2 Application 2.1 Evolving Deep Space Technologies Market (by Application) 2.1.1 Market Overview 2.1.1.1 Demand Analysis of Evolving Deep Space Technologies Market (by Application) 2.1.2 Moon Exploration 2.1.3 Mars Exploration 2.1.4 Asteroid Exploration 2.1.5 Others (Planetary Exploration) 2.2 Evolving Deep Space Technologies Market (by Mission) 2.2.1 Market Overview 2.2.1.1 Demand Analysis of the Evolving Deep Space Technologies Market (by Mission) 2.2.2 Crewed Mission 2.2.3 Uncrewed Mission 2.3 Evolving Deep Space Technologies Market (by End User) 2.3.1 Market Overview 2.3.1.1 Demand Analysis of the Evolving Deep Space Technologies Market (by End User) 2.3.2 Government 2.3.3 Commercial 3 Product 3.1 Evolving Deep Space Technologies Market (by Technology) 3.1.1 Market Overview 3.1.1.1 Demand Analysis of the Evolving Deep Space Technologies Market (by Technology) 3.1.2 Launch Vehicles 3.1.3 Landers 3.1.4 Orbiters 3.1.5 Robotic Rovers 3.1.6 Space Drones 4 Region 4.1 1 Evolving Deep Space Technologies Market (by Region) 4.2 North America 4.2.1 Market 4.2.1.1 Key Market Participants in North America 4.2.1.2 North America Evolving Deep Space Technologies Market 4.2.2 North America (by Country) 4.2.2.1 U.S. 4.2.2.1.1 Market 4.2.2.1.1.1 Key Market Participants in the U.S. 4.2.2.1.1.2 U.S. Evolving Deep Space Technologies Market 4.2.2.2 Canada 4.2.2.2.1 Market 4.2.2.2.1.1 Key Market Participants in Canada 4.3 Europe 4.3.1 Market 4.3.1.1 Key Market Participants in Europe 4.3.1.2 Europe Evolving Deep Space Technologies Market 4.3.2 Europe (by Country) 4.3.2.1 Germany 4.3.2.1.1 Market 4.3.2.1.1.1 Key Market Participants in Germany 4.3.2.1.1.2 Germany Evolving Deep Space Technologies Market 4.3.2.2 France 4.3.2.2.1 Market 4.3.2.2.1.1 Key Market Participants in France 4.3.2.2.1.2 France Evolving Deep Space Technologies Market 4.3.2.3 U.K. 4.3.2.3.1 Market 4.3.2.3.1.1 Key Market Participants in the U.K. 4.3.2.4 Rest-of-Europe 4.3.2.4.1 Market 4.3.2.4.1.1 Key Market Participants in Rest-of-Europe 4.3.2.4.1.2 Rest-of-Europe Evolving Deep Space Technologies Market 4.4 Asia-Pacific 4.4.1 Market 4.4.1.1 Key Market Participants in Asia-Pacific 4.4.1.2 Asia-Pacific Evolving Deep Space Technologies Market 4.4.2 Asia-Pacific (by Country) 4.4.2.1 Japan 4.4.2.1.1 Market 4.4.2.1.1.1 Key Market Participants in Japan 4.4.2.1.1.2 Japan Evolving Deep Space Technologies Market 4.4.2.2 India 4.4.2.2.1 Market 4.4.2.2.1.1 Key Market Participants Operating in India 4.4.2.2.1.2 India Evolving Deep Space Technologies Market 4.4.2.3 China 4.4.2.3.1 Market 4.4.2.3.1.1 Key Market Participants in China 4.4.2.3.1.2 China Evolving Deep Space Technologies Market 4.4.2.4 Rest-of-Asia-Pacific 4.4.2.4.1 Market 4.4.2.4.1.1 Key Market Participants in the Rest-of-Asia-Pacific 4.4.2.4.1.2 Rest-of-Asia-Pacific Evolving Deep Space Technologies Market 4.5 Rest-of-the-World 4.5.1 Market 4.5.1.1 Key Market Participants in the Rest-of-the-World 4.5.1.2 Rest-of-the-World Evolving Deep Space Technologies Market 4.5.2 Rest-of-the-World (by Region) 4.5.2.1 Middle East and Africa 4.5.2.1.1 Market 4.5.2.1.1.1 Key Market Participants in the Middle East and Africa 4.5.2.1.1.2 Middle East and Africa Evolving Deep Space Technologies Market 4.5.2.2 Latin America 4.5.2.2.1 Market 4.5.2.2.1.1 Key Market Participants in Latin America 4.5.2.2.1.2 Latin America Evolving Deep Space Technologies Market 5 Markets – Competitive Benchmarking & Company Profiles 5.1 Competitive Benchmarking 5.2 Lockheed Martin Corporation 5.2.1 Company Overview 5.2.1.1 Role of Lockheed Martin Corporation in the Evolving Deep Space Technologies Market 5.2.1.2 Product Portfolio 5.2.2 Corporate Strategies 5.2.2.1 Partnerships and Contracts 5.2.3 R&D and Patent Analysis 5.2.4 Analyst View 5.3 Northrop Grumman Corporation 5.3.1 Company Overview 5.3.1.1 Role of Northrop Grumman Corporation in the Evolving Deep Space Technologies Market 5.3.1.2 Product Portfolio 5.3.2 Corporate Strategies 5.3.2.1 Partnerships and Contracts 5.3.3 R&D and Patent Analysis 5.3.4 Analyst View 5.4 Thales Alenia Space 5.4.1 Company Overview 5.4.1.1 Role of Thales Alenia Space in the Evolving Deep Space Technologies Market 5.4.1.2 Product Portfolio 5.4.2 Corporate Strategies 5.4.2.1 Contracts 5.4.3 R&D and Patent Analysis 5.4.4 Analyst View 5.5 Boeing 5.5.1 Company Overview 5.5.1.1 Role of Boeing in the Evolving Deep Space Technologies Market 5.5.1.2 Product Portfolio 5.5.2 Corporate Strategies 5.5.2.1 Contracts 5.5.3 R&D and Patent Analysis 5.5.4 Analyst View 5.6 Airbus 5.6.1 Company Overview 5.6.1.1 Role of Airbus in the Evolving Deep Space Technologies Market 5.6.1.2 Product Portfolio 5.6.2 Corporate Strategies 5.6.2.1 Contracts 5.6.3 R&D and Patent Analysis 5.6.4 Analyst View 5.7 Astrobotic Technology 5.7.1 Company Overview 5.7.1.1 Role of Astrobotic Technology in the Evolving Deep Space Technologies Market 5.7.1.2 Product Portfolio 5.7.2 Corporate Strategies 5.7.2.1 Contracts 5.7.3 Analyst View 5.8 Maxar Technologies 5.8.1 Company Overview 5.8.1.1 Role of Maxar Technologies in the Evolving Deep Space Technologies Market 5.8.1.2 Product Portfolio 5.8.2 Corporate Strategies 5.8.2.1 Contracts 5.8.3 Patent Analysis 5.8.4 Analyst View 5.9 Firefly Aerospace 5.9.1 Company Overview 5.9.1.1 Role of Firefly Aerospace in the Evolving Deep Space Technologies Market 5.9.1.2 Product Portfolio 5.9.2 Corporate Strategies 5.9.2.1 Contracts and Agreements 5.9.3 Patent Analysis 5.9.4 Analyst View 5.1 Intuitive Machines 5.10.1 Company Overview 5.10.1.1 Role of Intuitive Machines in the Evolving Deep Space Technologies Market 5.10.1.2 Product Portfolio 5.10.2 Corporate Strategies 5.10.2.1 Contracts and collaborations 5.10.3 Analyst View 5.11 Redwire Corporation 5.11.1 Company Overview 5.11.1.1 Role of Redwire Corporation in the Evolving Deep Space Technologies Market 5.11.1.2 Product Portfolio 5.11.2 Corporate Strategies 5.11.2.1 Contracts and Acquisitions 5.11.3 Analyst View 5.12 GITAI 5.12.1 Company Overview 5.12.1.1 Role of GITAI in the Evolving Deep Space Technologies Market 5.12.1.2 Product Portfolio 5.12.2 Corporate Strategies 5.12.2.1 Contracts and Other Developments 5.12.3 Analyst View 5.13 Lunar Outpost 5.13.1 Company Overview 5.13.1.1 Role of Lunar Outpost in the Evolving Deep Space Technologies Market 5.13.1.2 Product Portfolio 5.13.2 Corporate Strategies 5.13.2.1 Contracts and Partnerships 5.13.3 Analyst View 5.14 ispace 5.14.1 Company Overview 5.14.1.1 Role of ispace in the Evolving Deep Space Technologies Market 5.14.1.2 Product Portfolio 5.14.2 Corporate Strategies 5.14.2.1 Contracts and Partnerships 5.14.3 Analyst View 5.15 Mu Space 5.15.1 Company Overview 5.15.1.1 Role of Mu space in the Evolving Deep Space Technologies Market 5.15.1.2 Product Portfolio 5.15.2 Corporate Strategies 5.15.2.1 Agreements 5.15.3 Analyst View 5.16 Axiom Space 5.16.1 Company Overview 5.16.1.1 Role of Axiom Space in the Evolving Deep Space Technologies Market 5.16.1.2 Product Portfolio 5.16.2 Corporate Strategies 5.16.2.1 Contracts and Agreements 5.16.3 Analyst View 6 Growth Opportunities and Recommendations 6.1 Deep Space Mission Solution Providers 6.1.1 Growth Opportunity: Artificial Intelligence and Robotics in Space Technologies 6.1.1.1 Recommendations 6.1.2 Growth Opportunity: Advancement in Electric Propulsion Systems 6.1.2.1 Recommendations 7 Research Methodology 7.1 Factors for Data Prediction and Modeling List of Figures Figure 1: Evolving Deep Space Technologies Market, $Million, 2021-2032 Figure 2: Evolving Deep Space Technologies Market (by Technology), $Million, 2022 and 2032 Figure 3: Evolving Deep Space Technologies Market (by Application), $Million, 2022 and 2032 Figure 4: Evolving Deep Space Technologies Market (by Region), $Million, 2022 Figure 5: Global Exploration Roadmap Figure 6: Supply Chain Analysis Figure 7: Evolving Deep Space Technologies Market, Business Dynamics Figure 8: Share of Key Market Strategies and Developments, January 2019-November 2022 Figure 9: Evolving Deep Space Technologies Market (by Application) Figure 10: Evolving Deep Space Technologies Market (by Mission) Figure 11: Evolving Deep Space Technologies Market (by Mission), $Million, 2021-2032 Figure 12: Evolving Deep Space Technologies Market (by End User) Figure 13: Evolving Deep Space Technologies Market (by End User), $Milion, 2021-2032 Figure 14: Evolving Deep Space Technologies Market (by Technology) Figure 15: North America Evolving Deep Space Technologies Market, $Million, 2021-2032 Figure 16: U.S. Evolving Deep Space Technologies Market, $Million, 2021-2032 Figure 17: Europe Evolving Deep Space Technologies Market, $Million, 2021-2032 Figure 18: Germany Evolving Deep Space Technologies Market, $Million, 2021-2032 Figure 19: France Evolving Deep Space Technologies Market, $Million, 2021-2032 Figure 20: Rest-of-Europe Evolving Deep Space Technologies Market, $Million, 2021-2032 Figure 21: Asia-Pacific Evolving Deep Space Technologies Market, $Million, 2021-2032 Figure 22: Japan Evolving Deep Space Technologies Market, $Million, 2021-2032 Figure 23: India Evolving Deep Space Technologies Market, $Million, 2021-2032 Figure 24: China Evolving Deep Space Technologies Market, $Million, 2021-2032 Figure 25: Rest-of-Asia-Pacific Evolving Deep Space Technologies Market, $Million, 2021-2032 Figure 26: Rest-of-the-World Evolving Deep Space Technologies Market, $Million, 2021-2032 Figure 27: Middle East and Africa Evolving Deep Space Technologies Market, $Million, 2021-2032 Figure 28: Latin America Evolving Deep Space Technologies Market, $Million, 2021-2032 Figure 29: Evolving Deep Space Technologies Market: Competitive Benchmarking, 2022 Figure 30: Lockheed Martin Corporation: R&D, 2019-2021 Figure 31: Northrop Grumman Corporation: R&D, 2019-2021 Figure 32: Thales Alenia Space: R&D, 2019-2021 Figure 33: Boeing: R&D, 2019-2021 Figure 34: Airbus: R&D, 2019-2021 Figure 35: Research Methodology Figure 36: Bottom-Up Approach Figure 37: Assumptions and Limitations List of Tables Table 1: Evolving Deep Space Technologies Market Coverage Table 2: Key Ongoing Programs and Upcoming Programs Table 3: Patent Analysis Table 4: Partnerships, Collaborations, Agreements, and Contracts, January 2020-November 2022 Table 5: Mergers and Acquisitions, January 2020-November 2022 Table 6: Evolving Deep Space Technologies Market (by Application), $Million, 2021-2032 Table 7: Future Lunar Exploration Missions, 2022-2032 Table 8: Future Mars Exploration Missions, 2022-2032 Table 9: Future Others (Planetary Exploration) Missions, 2022-2032 Table 10: Evolving Deep Space Technologies Market (by Technology), $Million, 2021-2032 Table 11: Evolving Deep Space Technologies Market (by Region), $Million, 2022-2032 Table 12: Benchmarking and Weightage Parameters Table 13: Lockheed Martin Corporation: Product Portfolio Table 14: Lockheed Martin Corporation: Partnerships and Contracts Table 15: Lockheed Martin Corporation: Patents Table 16: Northrop Grumman Corporation: Product Portfolio Table 17: Northrop Grumman Corporation: Partnerships and Contracts Table 18: Northrop Grumman Corporation: Patents Table 19: Thales Alenia Space: Product Portfolio Table 20: Thales Alenia Space: Contracts Table 21: Thales Alenia Space: Patents Table 22: Boeing: Product Portfolio Table 23: Boeing: Contracts Table 24: Boeing: Patents Table 25: Airbus: Product Portfolio Table 26: Airbus: Contracts Table 27: Airbus: Patents Table 28: Astrobotic Technology: Product Portfolio Table 29: Astrobotic Technology: Contracts Table 30: Maxar Technologies Product Portfolio Table 31: Maxar Technologies: Contracts Table 32: Maxar Technologies: Patents Table 33: Firefly Aerospace: Product Portfolio Table 34: Firefly Aerospace: Contracts and Agreements Table 35: Firefly Aerospace: Patents Table 36: Intuitive Machines: Product Portfolio Table 37: Intuitive Machines: Contracts and collaborations Table 38: Redwire Corporation: Product Portfolio Table 39: Redwire Corporation: Contracts and Acquisitions Table 40: GITAI: Product Portfolio Table 41: GITAI: Contracts Table 42: Lunar Outpost: Product Portfolio Table 43: Lunar Outpost: Contracts and Partnerships Table 44: ispace: Product Portfolio Table 45: ispace: Contracts and Partnerships Table 46: Mu Space: Product Portfolio Table 47: Mu Space: Agreements Table 48: Axiom Space: Product Portfolio Table 49: Axiom Space: Contracts and Agreements

Companies Mentioned

Lockheed Martin Corporation Northrop Grumman Corporation Thales Alenia Space Boeing Airbus Astrobotic Technology Maxar Technologies Firefly Aerospace Intuitive Machines Redwire Corporation GITAI Lunar Outpost ispace Mu Space Axiom Space

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