Space Sensors And Actuators Market Share

Market Share of Space Sensors And Actuators Industry

The increasing presence of prominent space sensors and actuator manufacturers is expected to intensify competitive rivalry during the forecast period. The market is semi-consolidated with the presence of key players such as Honeywell International Inc., Moog Inc., Texas Instruments Incorporated, TE Connectivity Ltd., and Ametek Inc. These players have continuously expanded their operations by focusing on market expansions and acquisitions.

Continuous product launches and technological upgrades effectively set the ball rolling regarding overall market growth in the space sector. For instance, in June 2023, Honeywell and Aegiq, a quantum networking and computing company, signed an MoU to explore creating a comprehensive solution to enable more precise and cost-effective design and deployment of space payloads and related ground assets. This collaboration was intended to combine Honeywell’s atmospheric sensing technology and Aegiq’s emulation toolkit for link performance of optical communication technologies used by small satellites.

Space Sensors And Actuators Market Leaders

1. Honeywell International Inc.

2. Moog Inc.

3. Texas Instruments Incorporated

4. Ametek Inc.

5. TE Connectivity Ltd.

*Disclaimer: Major Players sorted in no particular order