Spacecraft Market Report 2026

The spacecraft market size has grown strongly in recent years. It will grow from $6.76 billion in 2025 to $7.15 billion in 2026 at a compound annual growth rate (CAGR) of 5.8%. The growth in the historic period can be attributed to increasing global investments in space exploration programs, advancements in satellite and spacecraft technologies, growing government funding for scientific research and defense applications, rising collaborations between space agencies and private aerospace companies, expansion of commercial satellite communication and Earth observation services.

The spacecraft market size is expected to see strong growth in the next few years. It will grow to $8.91 billion in 2030 at a compound annual growth rate (CAGR) of 5.6%. The growth in the forecast period can be attributed to development of reusable and cost-efficient spacecraft technologies, growth of private sector participation in space missions, increasing demand for deep space exploration and interplanetary missions, integration of artificial intelligence and autonomous systems in spacecraft operations, expansion of space tourism and commercial orbital stations. Major trends in the forecast period include miniaturization of satellites and small spacecraft, increased adoption of reusable spacecraft and cargo modules, integration of ai-based navigation and autonomous control systems, development of interplanetary exploration probes and rovers, expansion of commercial satellite constellations and services.

The rising expenditure on the space sector is expected to drive the growth of the spacecraft market. The space sector includes industries and activities related to the development, exploration, and commercialization of space, such as satellite services, launch systems, and space missions. Increasing investment in this sector is fueled by technological advancements, expanding commercial interest, national security priorities, and the potential economic benefits of space-based operations. Spacecraft significantly contribute to space sector spending due to the high costs associated with their research, development, and manufacturing, as well as the growing demand for satellite deployment and space exploration. For example, in July 2025, the Space Foundation, a US-based nonprofit organization dedicated to advancing space-focused education, research, and advocacy, reported that global government space spending rose by 6.7% to reach $132 billion. This growth was led by the United States, which invested $77 billion in national security and civil space programs. Therefore, increasing expenditure on the space sector is contributing to the expansion of the spacecraft market.

Companies in the spacecraft market are focusing on innovative technologies, such as advanced solar sail technology, to enhance propulsion efficiency, reduce fuel consumption, and enable longer-duration space missions. Solar sail technology uses large, reflective sails to capture and harness sunlight (photons) to generate thrust. For instance, in April 2024, the National Aeronautics and Space Administration (NASA) launched solar-powered spacecraft that harness solar energy to power their systems and operations in space. These spacecraft are equipped with high-efficiency solar panels that can generate power even in the low-light conditions of deep space. Their lightweight design, combined with advanced electric propulsion systems, allows them to travel farther and more efficiently than traditional chemically powered spacecraft.

In September 2024, Redwire Corporation, a US-based aerospace manufacturer and space infrastructure technology company, acquired Hera Systems Inc. for an undisclosed amount. This acquisition aims to expand Redwire’s portfolio of space-based services, enhance satellite deployment efficiency, and strengthen its position in the growing small satellite market. Hera Systems Inc. is a US-based company specializing in spacecraft manufacturing for national security space missions.

Major companies operating in the spacecraft market are Boeing Defense, Space & Security, Airbus SE, RTX Corporation, Lockheed Martin Space Systems Company, Northrop Grumman Corporation, Mitsubishi Heavy Industries Ltd., Space Exploration Technologies Corporation, Israel Aerospace Industries Ltd., Thales Alenia Space S.A.S., Maxar Technologies Inc., Blue Origin LLC, RUAG Space AB, Sierra Nevada Corporation, OHB SE, Rocket Lab USA Inc., Planet Labs PBC, Firefly Aerospace Inc., Astroscale Holdings Inc., Korea Aerospace Research Institute, Indian Space Research Organisation, NanoAvionics LLC, Virgin Galactic Holdings Inc., Ball Aerospace & Technologies Corp.

North America was the largest region in the spacecraft market in 2025. The regions covered in the spacecraft market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Tariffs on aerospace-grade materials, advanced propulsion components, and satellite electronics have increased costs and disrupted supply chains in the spacecraft market, particularly impacting North America, Europe, and Asia-Pacific regions. These tariffs have caused delays in spacecraft assembly and satellite deployment, while pressuring manufacturers to localize production and diversify suppliers. Positively, tariffs have spurred domestic innovation, encouraged regional supply chain development, and supported investment in advanced spacecraft technologies.

The spacecraft market research report is one of a series of new reports that provides spacecraft market statistics, including spacecraft industry global market size, regional shares, competitors with a spacecraft market share, detailed spacecraft market segments, market trends, and opportunities, and any further data you may need to thrive in the spacecraft industry. This spacecraft research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

A spacecraft is a vehicle or device designed for travel or operation in outer space, used for purposes such as satellite communication, Earth observation, space exploration, and scientific research. Spacecraft can be either crewed or uncrewed, and they are equipped with systems to navigate, communicate, and perform tasks in the harsh environment of space.

The main types of spacecraft include manned and unmanned spacecraft. Manned spacecraft are specifically designed to transport humans into space and support their lives throughout the mission. These spacecraft provide the necessary environment for astronauts to live and work during their missions. The various components of manned spacecraft include power systems, thermal control systems, propulsion systems, payloads, communication systems, and guidance and navigation systems. These spacecraft are used by various end users, such as military, commercial, and defense sectors.

The countries covered in the spacecraft market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The spacecraft market consists of sales of space probes, crewed spacecraft, space stations, space robotics and rovers, and cargo spacecraft. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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