Market Size of Space Lander and Rover Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| CAGR | > 9.00 % |
| Fastest Growing Market | North America |
| Largest Market | Asia-Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Space Lander and Rover Market Analysis
The space lander and rover market is projected to register a CAGR of over 9% during the forecast period.
The Covid-19 pandemic has impacted the space industry in several ways in 2020. The economic crisis triggered by the pandemic is expected to result in a slowdown of investments in the short term. On the other hand, the supply chain bottlenecks have resulted in the postponement of launch schedules in 2020. Nevertheless, the impact is short-lived and several players were back on schedule for their upcoming space projects by the end of the year.
The space sector is currently attracting huge investments, and the demand for activities, like interplanetary exploration and potential space mining, is expected to further boost the market for space landers and rovers in the years to come.
However, the high costs involved in the space exploration missions are restricting investments in such activities to only certain countries and space agencies, thereby hindering the market growth.
