May 13, 2022
VANCOUVER, British Columbia, Canada. The global deep space exploration and technology market is expected to total $630.23 billion in 2028, registering a compound annual growth rate between 2022 and the end of the study period, according to a recent report. From Emergen Research, “Deep Space Exploration and Technology Market by Technology Mode (Rockets, Landers, Robots, Satellites, Orbiters), By Application, By Subsystem, By Mission Type, By End Use, By Region, Forecast Up to in 2028.”
The authors of the study claim that the steady growth projections of the market can be attributed to the growing number of missions planned by various space agencies and also to increased funding from private and government space agencies for deep space exploration missions. and space-related programs.
The study also found that deep space exploration – which has led to the development of new technologies integrated with deep learning and artificial intelligence (AI) capabilities – has spurred the development of equipment and advanced systems such as heavy lifters, human and robotic robots. maintenance and autonomous space operations, all of which are expected to continue to support market revenue growth over the forecast period.
For more information, visit the Emergen website.