Deep Space Exploration and Technology Market Size to Reach USD 630.23 Billion in 2028 | Increasing Number of Private Companies Investing in Space Sector will Drive Industry Demand Says, Emergen Research
VANCOUVER, B.C., May 12, 2022 /PRNewswire/ --The deep space exploration and technology market size is expected to reach USD 630.23 Billion in 2028 and register a CAGR of 7.3% over the forecast period, according to recent analysis by Emergen Research.
- VANCOUVER, B.C., May 12, 2022 /PRNewswire/ --The deep space exploration and technology market size is expected to reach USD 630.23 Billion in 2028 and register a CAGR of 7.3% over the forecast period, according to recent analysis by Emergen Research.
- Steady market revenue growth can be attributed to increasing number of missions planned by various space agencies and rising funding from both private and government space agencies in deep space exploration missions and space-related programs.
- Deep space exploration has led to development of newer technologies being integrated with deep learning and Artificial Intelligence (AI) capabilities.
- Emergen Research has segmented the global deep space exploration and technology market based on technology mode, application, subsystem, mission type, end use, and region: