We couldn’t let May 4th go by without posting a blog about our space-related market research. While we could rhapsodize about Yoda and how his lessons apply to the world of market research, a more relevant and valuable blog would offer you some insight into the latest aerospace market trends. Though we will leave you with these Yoda quotes.
If you’re in the aerospace and/or defense industry, or a related market, check out our collection of full-length and micro reports that can guide your decision-making, make you aware of new opportunities and more.
Download free overviews, request sample pages or read the introductions of each report and/or white paper below:
Aerospace Market Research
The global market for emerging aerospace materials should grow from $13.2 billion in 2020 to $19.9 billion by 2025, at compound annual growth rate (CAGR) of 8.6%.
There are almost 11,000 asteroids close to Earth i.e., less than 2 AU (astronomical distance), which can potentially be reached with the development in the technology. It is estimated that most of the asteroids are in the 1 AU to 2 AU distance.
The global space industry was worth USD 355.5 billion in 2019. The market for rocket propulsion specifically was about USD 6.3 billion.
The global market for aerospace adhesives should grow from $864.8 million in 2018 to $1.1 billion by 2023 at a CAGR of 5.5%.
The recent ramp-up by NASA as it revitalizes its commitment to the Moon, Mars and other planetary exploration is providing new opportunities for companies involved in optics and photonics.
Aerospace and Defense Market Research
The global space and military transportation manufacturing market totaled $407.3 billion in 2017 and is estimated to reach $594.1 billion by 2022, growing at a CAGR of 7.8%.
The global space vehicles and guided missiles manufacturing market will grow from $305.2 billion in 2017 to $446.1 billion by 2022 with a CAGR of 7.9%.
Need something more granular than our 5-year market forecasts? If these reports aren’t quite what you’re looking for, if you need more granular data about units, volumes, shorter timeframes, check out our custom service. Our analysts will work closely with you to deliver the exact data you need.