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In Space Manufacturing Market Trends

Report ID: GMI7686
Published Date: Dec 2023
Report Format: PDF

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In Space Manufacturing Market Trends

The In-Space Manufacturing market is likely to see an increase in collaborations and partnerships among space agencies, private companies, and research institutions. Joint efforts can pool resources, share expertise, and accelerate the development of in-space manufacturing technologies. Collaborations may involve partnerships between space agencies and private companies, international collaborations, or collaborations between companies with complementary capabilities.

In June 2023, NASA announced its plan to collaborate with seven U.S. companies to address both commercial and government requirements, with a focus on enhancing human spaceflight and bolstering the U.S. commercial low Earth orbit economy. The Collaborations for Commercial Space Capabilities-2 initiative (CCSC-2) employs unfunded Space Act Agreements. It aims to propel commercial space endeavors by leveraging NASA's technical expertise, assessments, lessons learned, technologies, and data. This structured sharing of NASA's knowledge requires minimal government resources while actively fostering the essential capabilities for the development of a resilient low-Earth orbit economy.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

Industry size for in space manufacturing was worth USD 4.4 billion in 2023 and is expected to expand at over 20% CAGR from 2024 to 2032 owing to the ongoing government initiatives and funding for space exploration programs.

The quantum dot display segment held 7% share of the in space manufacturing industry in 2023 and is projected to witness high demand through 2032 owing to their unique optical properties.

North America industry for in space manufacturing accounted for around 34% revenue share in 2023 and is set to exhibit substantial growth through 2032 owing to the presence of a robust ecosystem of space agencies, private enterprises, and research institutions in the region.

Some of the leading space manufacturing market players are Allevi Inc, Airbus SE, Astrobotic Technology, Inc., Axiom Space, Inc., Echodyne Corporation., Global Graphene Group, Inc. (G3), Le Verre Fluore Fiber Solutions, and Sierra Nevada Corporation.