Latin America Space Technology (Spacetech) Market Size & Outlook
The space technology (spacetech) market in Latin America is expected to reach a projected revenue of US$ 7,219.3 million by 2030. A compound annual growth rate of 8.6% is expected of Latin America space technology (spacetech) market from 2024 to 2030.
- Aerospace, Defense & Space
- Aerospace Systems & Space Technology
- Space Technology (SpaceTech) Market Outlook
- Aerospace Systems & Space Technology
Revenue, 2023 (US$M)
$4,063.3
Forecast, 2030 (US$M)
$7,219.3
CAGR, 2024 - 2030
8.6%
Report Coverage
Latin America
Latin America Space Technology (Spacetech) Market, 2018-2030 (US$M)
Global Market
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Latin America space technology (spacetech) market highlights
- The Latin America space technology (spacetech) market generated a revenue of USD 4,063.3 million in 2023.
- The market is expected to grow at a CAGR of 8.6% from 2024 to 2030.
- In terms of segment, space vehicles was the largest revenue generating type in 2023.
- Deep-space communication is the most lucrative type segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 4,063.3 million |
| Market revenue in 2030 | USD 7,219.3 million |
| Growth rate | 8.6% (CAGR from 2023 to 2030) |
| Largest segment | Space vehicles |
| Fastest growing segment | Deep-space communication |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Space Vehicles, Deep-space communication, In-space Propulsion |
| Key market players worldwide | Airbus SE, Astra Space Inc Class A, Ball Corp, Boeing Co, China Aerospace International Holdings Ltd, General Dynamics Corp, Hindustan Aeronautics, Honeywell International Inc, Lockheed Martin Corp, Maxar Technologies, Northrop Grumman Corp, Rocket Lab USA Inc, Safran SA, Sierra Nevada Brewing, Thales Group, Virgin Galactic Holdings Inc Shs A |
Other key industry trends
- In terms of revenue, Latin America region accounted for 1.1% of the global space technology (spacetech) market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 169,017.9 million by 2030.
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Publish Date: Apr 08, 2025
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Space Technology (SpaceTech) Market Scope
Space Technology (SpaceTech) Market segmentation & scope
Others
Space Technology (SpaceTech) Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Honeywell International Inc | View profile | 95,000 | 855 South Mint Street, Charlotte, NC, United States, 28202 | www.honeywell.com |
| Ball Corp | View profile | 21,000 | 9200 West 108th Circle, Westminster, CO, United States, 80021 | www.ball.com |
| Airbus SE | View profile | 150,093 | P.O. Box 32008, Leiden, ZH, Netherlands, 2303 DA | www.airbus.com |
| Lockheed Martin Corp | View profile | 122,000 | 6801 Rockledge Drive, Bethesda, MD, United States, 20817 | www.lockheedmartin.com |
| Hindustan Aeronautics | View profile | 10001+ | Bengaluru, Karnataka, India, Asia | hal-india.co.in |
| Safran SA | View profile | 83,278 | 2, boulevard du General-Martial-Valin, Paris, France, 75015 | www.safran-group.com |
| Virgin Galactic Holdings Inc Shs A | View profile | 805 | 1700 Flight Way, Tustin, CA, United States, 92782 | www.virgingalactic.com |
| Rocket Lab USA Inc | View profile | 1,650 | 3881 McGowen Street, Long Beach, CA, United States, 90808 | www.rocketlabusa.com |
| China Aerospace International Holdings Ltd | View profile | 7,208 | 18 Tak Fung Street, Hung Hom, Room 1103-1107A, One Harbourfront, Kowloon, Hong Kong, Hong Kong | www.casil-group.com |
| Northrop Grumman Corp | View profile | 101,000 | 2980 Fairview Park Drive, Falls Church, VA, United States, 22042 | www.northropgrumman.com |
Latin America Space Technology (SpaceTech) Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Space Technology (SpaceTech) Market Outlook will help companies and investors design strategic landscapes.
Space Vehicles was the largest segment with a revenue share of 64.03% in 2023.
Horizon Databook has segmented the Latin America space technology (spacetech) market based on space vehicles, deep-space communication, in-space propulsion covering the revenue growth of each sub-segment from 2018 to 2030.
- Latin America Space Technology (Spacetech) Market Solution Outlook (Revenue, USD Million , 2018-2030)
- Space Vehicles
- Deep-space communication
- In-space Propulsion
- Others
- Latin America Space Technology (Spacetech) Market End Use Outlook (Revenue, USD Million , 2018-2030)
- Government
- Military
- Commercial
- Latin America Space Technology (Spacetech) Market Application Outlook (Revenue, USD Million , 2018-2030)
- Navigation & Mapping
- Meteorology
- Disaster Management
- Satellite Communication
- Remote Sensing
- Science & Engineering
- Earth Observation
- Military and national security
- Data & Analytics
- Information Technology
- Internet Services
- Manufacturing
- Others
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America Space Technology (SpaceTech) Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into Latin America Space Technology (SpaceTech) Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Latin America Space Technology (Spacetech) Market, 2018-2030 (US$M)
Latin America space technology (spacetech) market statistics, by solution, 2018-2030 (US$M)
