Deep Space Exploration and Technology Market Innovation and Showcases Promising Growth

Posted October 20, 2020 by bisrsrch

Focus on Subsystem, Technology Mode, Mission Type, Application, And End User
The growth in the deep space exploration and technology market is highly driven by the increasing number of missions planned by various space agencies. These missions aim at investigating the various intended celestial bodies such as Earth’s moon, Mars, Jupiter’s moons, Saturn’s moons, the Sun, and asteroids. The purpose of these missions is to understand the planet’s atmosphere and properties as well as look for possibility of life.

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Deep space exploration missions require enhanced subsystems, which aid in propelling the system into space, navigate through space among the space debris as well as on the planetary surface, and maintain contact with the space stations or the space ground stations.

The leading space centers are focused on developing advance in-space propulsion technologies that can aid satellites, spacecrafts and other interplanetary vehicles. They also focus on the development of enhanced propulsion system that can support not only space missions to the ISS but also the planetary missions and other deep space explorations. The command and control system enable the spacecraft to connect with the space ground stations as well as provide critical data of its mission.

In various deep space exploration missions planned to be launched from 2020, navigation and guidance system proves to be an integral part, as it requires high-precision tracking and guidance. Major technological advancements in this area include the development of Deep Space Atomic Clock (DSAC), Deep Space Positioning System (DPS) and autonomous navigation using artificial intelligence (AI). These developments are expected to help in mitigating any small navigational error so that the spacecrafts reach their intended destination and successfully carry out their space operations.

The growth of this segment is mainly due to the wide applicability of robots in deep space missions. Rovers, robotic arms, and future humanoid robots are some of the prominent technologies that support space missions, by conducting surveys and surface investigations on the surfaces of celestial bodies. With the help of these robots, the space agencies are able to analyze samples as well as images sent by these robots.

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Other technology modes include rockets, landers, satellites, and orbiters. These technology modes support deep space exploration missions in launching the systems beyond Earth’s low orbit and carry out investigations on the intended planets. In addition to this, there is a growing demand for small satellites for deep space exploration missions.

The deep space exploration and technology market has witnessed different market dynamics across various regions of the globe. Moreover, majority of the prominent space companies manufacturing systems and technology are based in this region. Deep space exploration is one of the emerging space activities with the leading players actively partnering with each other to support various missions. Key players that are actively participating in the deep space exploration and technology market are Airbus Defence & Space, Lockheed Martin, Boeing, Northrop Grumman, Thales Alenia Space, MAXAR Technologies, Sierra Nevada Corporation, SpaceX, Astrobotic, and Blue Origin, among others.

About BIS Research:

BIS Research is a global B2B market intelligence and advisory firm focusing on those emerging technological trends which are likely to disrupt the dynamics of the market.

With over 150 market research reports published annually, BIS Research focuses on high technology verticals such as 3D Printing, Advanced Materials and Chemicals, Aerospace and Defense, Automotive, Healthcare, Electronics and Semiconductors, Robotics and UAV, and other emerging technologies.

Our in-depth market intelligence reports focus on the market estimations, technology analysis, emerging high-growth applications, deeply segmented granular country-level market data, and other important market parameters useful in the strategic decision-making for senior management.

As a leading market intelligence provider, BIS Research stands out of the crowd by complementing the data with valuable insights and actionable inputs for the client's success.


Bhavya Banga
Email: [email protected]
BIS Research Inc.
FREMONT CA 94538-1686
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Last Updated October 20, 2020