AI in Space Exploration: Global Market Outlook

Report Code: IFT294A

Publish Date: Nov 2023

Publisher: BCC Publishing

Category: Information Technology

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Report Highlights

This report explores the current and future strategies influencing the global market outlook of AI in space exploration. The report addresses the critical topics of changing market dynamics strategies for accessing emerging markets and geographies to allocate resources and make effective decisions. The report also covers market projections through 2028 and company profiles of key market players.

Report Includes

  • An overview of the global markets for artificial intelligence (AI) in space exploration
  • Analyses of the global market trends, with historical market revenue data (sales figures) for 2022, estimates for 2023, forecasts for 2024 and 2026, and projections of compound annual growth rates (CAGRs) through 2028
  • An estimate of the actual market size, a revenue forecast for companies in this market, and a market share analysis based on component, end user, application and region
  • In-depth information (facts and figures) pertaining to the major factors influencing this market (drivers, restraints, opportunities and challenges)
  • Discussion of ESG developments in the global market, with emphasis on company practices
  • An analysis of the competitive landscape, based on recent developments, segmental revenues and operational integration of major stakeholders
  • Company profiles of the leading market participants

Report Scope

The report offers a detailed scenario of AI in the space exploration market. The report provides a detailed analysis of components such as products and services. Further, the market covers applications and potential areas in which the companies can invest.

This report highlights the current and future market potential for AI in space exploration and provides a detailed analysis of the competitive environment, regulatory scenario, drivers, restraints, opportunities, and trends in the market. The report also covers market projections through 2028 and key market players.

For market estimates, data has been provided for 2022 as the base year, with forecasts for 2023 through 2028. Estimated values are based on revenue from AI in space exploration companies as total revenues. Projected and forecasted revenue values are in constant U.S. dollars that have not been adjusted for inflation.

Report Synopsis

Report Metrics Details
Base year considered 2022
Forecast period considered 2023-2028
Base year market size $2.5 billion
Market size forecast $11.7 billion
Growth rate CAGR of 29.1% from 2023 to 2028
Units considered $ Millions
Segments covered Component, Application, End User, and Region
Regions covered North America, Europe, Asia-Pacific, and Rest of the World (RoW)
Key Market Drivers
  • Increasing Government Investment in the Space Sector
  • Increasing Number of Space Launches
Companies studied
AIRBUSBLACKSKY
IBM CORP.LOCKHEED MARTIN CORP.
MAXAR TECHNOLOGIES INC.NORTHROP GRUMMAN
PLANET LABS INC.SPACEX
THALES
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Frequently Asked Questions (FAQs)

The global AI in space exploration market was valued at $2.5 billion in 2022 and will reach $11.7 billion by 2028.
The AI in space exploration market is growing rapidly due to several factors, including rising number of space launches and the government investment for development of AI ML capabilities.
  • Component
  • End User
  • Application
  • Region
Designing and planning spacecraft and mission applications dominated the market and are expected to reach $3.2 billion by 2028.
North America holds the highest market share in the market in terms of region.

Analyst Credentials

Harsh Goyal– Associate Consultant – Technology Research
Harsh Goyal is an experienced market research professional with more than seven years of industry experience in research and analysis, specializing in healthcare, finance & technology. He has worked in multiple domains such as ICT, energy, automotive, defense and others. Academically, Harsh holds a master’s degree in Finance and Marketing and a bachelor’s degree in Commerce (Economics).

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Table of Contents

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Title/Chapter NamePagesMember Price
Full Report: AI in Space Exploration: Global Market Outlook52Free

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AI in Space Exploration: Global Market Outlook
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