PUBLISHER: Global Industry Analysts, Inc. | PRODUCT CODE: 1739262
PUBLISHER: Global Industry Analysts, Inc. | PRODUCT CODE: 1739262
Global Spacecrafts Market to Reach US$10.8 Billion by 2030
The global market for Spacecrafts estimated at US$7.7 Billion in the year 2024, is expected to reach US$10.8 Billion by 2030, growing at a CAGR of 5.9% over the analysis period 2024-2030. Manned Spacecraft, one of the segments analyzed in the report, is expected to record a 6.7% CAGR and reach US$7.7 Billion by the end of the analysis period. Growth in the Unmanned Spacecraft segment is estimated at 4.2% CAGR over the analysis period.
The U.S. Market is Estimated at US$2.0 Billion While China is Forecast to Grow at 5.6% CAGR
The Spacecrafts market in the U.S. is estimated at US$2.0 Billion in the year 2024. China, the world's second largest economy, is forecast to reach a projected market size of US$1.7 Billion by the year 2030 trailing a CAGR of 5.6% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 5.4% and 5.0% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.6% CAGR.
Global Spacecrafts Market - Key Trends & Drivers Summarized
Why Are Spacecrafts Central to the Rapid Expansion of the Space Economy?
Spacecrafts form the operational core of the modern space economy, enabling communications, Earth observation, scientific exploration, satellite servicing, and crewed missions. These vehicles-ranging from compact CubeSats and robotic probes to large crewed modules and cargo transporters-are responsible for both mission delivery and infrastructure development in orbit and beyond. With the global shift toward commercial space activities, spacecraft design and deployment have evolved rapidly, moving from government-dominated projects to a highly competitive, innovation-driven industry.
The functional roles of spacecraft are diversifying, from deploying telecommunications satellites and conducting planetary science to building and resupplying orbital platforms like the ISS. The emergence of reusable spacecraft, such as SpaceX’s Dragon and Starliner by Boeing, is redefining cost efficiency and mission cadence. Meanwhile, space agencies and private firms are focusing on next-generation spacecraft capable of operating autonomously, handling modular construction in orbit, and supporting long-duration human habitation in cislunar space.
How Are Technologies Reshaping Spacecraft Design and Performance?
Technological advancements are pushing spacecraft beyond traditional capabilities. New propulsion systems-including electric, ion, and nuclear thermal propulsion-are enabling faster and more fuel-efficient missions. Lightweight composite materials, advanced radiation shielding, and 3D-printed components are reducing launch mass and cost while improving structural resilience. Moreover, onboard AI and edge computing are equipping spacecraft with autonomous navigation, fault detection, and mission adaptation capabilities.
Miniaturization of electronics and power systems has led to the proliferation of microsatellites and CubeSats, which are increasingly used for Earth observation, disaster monitoring, and space research. Modular spacecraft architectures and software-defined payloads allow for in-orbit reconfiguration, enabling flexible mission objectives. Inter-satellite link technologies and mesh networking are facilitating real-time communication between spacecraft and ground stations or among satellite constellations. Together, these innovations are supporting a more responsive and scalable space mission ecosystem.
Which End-Use Applications and Markets Are Driving Demand for Spacecraft?
Telecommunications and broadband satellite operators continue to be the leading commercial users of spacecraft, with mega-constellations like Starlink and OneWeb generating strong demand for standardized, mass-producible satellites. Government and military agencies rely on advanced spacecraft for strategic communications, navigation (e.g., GPS/GNSS), and space-based surveillance. Scientific institutions deploy custom spacecraft for deep-space exploration, astronomical observation, and planetary research.
The U.S. and Europe remain the largest contributors to spacecraft R&D and deployment, backed by strong government funding through NASA, ESA, and defense agencies. Asia-Pacific, led by China, India, and Japan, is increasingly active, with growing domestic launch capabilities and a push toward indigenous satellite and probe development. The Middle East and Latin America are emerging players, often participating through collaborative missions or commercial satellite investments. Private-sector competition, space tourism ventures, and low-Earth orbit infrastructure buildout are all expanding the end-user base.
The Growth in the Spacecrafts Market Is Driven by Several Factors…
It is driven by the expansion of satellite-based communication networks, the commercialization of low-Earth orbit, and the emergence of deep-space missions targeting the Moon, Mars, and beyond. The increasing deployment of small satellite constellations and space-based imaging platforms is driving demand for scalable, cost-efficient spacecraft. Advancements in autonomous systems, electric propulsion, and modular payload architectures are enabling faster development cycles and mission versatility.
Government funding for space exploration, space station construction, and national security missions is accelerating spacecraft procurement globally. Private investments in satellite broadband, space mining, and orbital logistics are fostering innovation in reusable and autonomous spacecraft platforms. Additionally, public-private partnerships and multinational science missions are fueling demand for multi-role spacecraft systems. As space becomes more accessible and commercially relevant, spacecraft will remain the centerpiece of a rapidly evolving orbital infrastructure economy.
SCOPE OF STUDY:
The report analyzes the Spacecrafts market in terms of units by the following Segments, and Geographic Regions/Countries:
Segments:
Type (Manned Spacecraft, Unmanned Spacecraft); Component (Payload, Structures & Mechanisms, Thermal Control, Power Systems, Propulsion, Avionics, Software); Application (Communication, Earth Observation & Remote Sensing, Navigation & Mapping, Space Exploration, Scientific Research, Defense & Security); End-Use (Commercial, Government, Military)
Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.
Select Competitors (Total 43 Featured) -
TARIFF IMPACT FACTOR
Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.
We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.
We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.
As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.
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APRIL 2025: NEGOTIATION PHASE
Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.
JULY 2025 FINAL TARIFF RESET
Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.
Reciprocal and Bilateral Trade & Tariff Impact Analyses:
USA <> CHINA <> MEXICO <> CANADA <> EU <> JAPAN <> INDIA <> 176 OTHER COUNTRIES.
Leading Economists - Our knowledge base tracks 14,949 economists including a select group of most influential Chief Economists of nations, think tanks, trade and industry bodies, big enterprises, and domain experts who are sharing views on the fallout of this unprecedented paradigm shift in the global econometric landscape. Most of our 16,491+ reports have incorporated this two-stage release schedule based on milestones.
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