우주용 극저온 시장 : 현황 분석과 예측(2024-2032년)

The space cryogenic industry is a fast-growing sector of the aerospace industry, where cryogenic technology is used to sustain missions to space. Cryogenic is the science of producing and working with materials at very low temperatures, generally below -150°C. Eventually, Space cryogenics becomes integral to rocket propulsion, utilizing liquid oxygen and liquid hydrogen as the propellants with the highest energy density. These cryogens are the propellants to put the spacecraft into orbit and beyond. The drivers for this market are an increase in space exploration and satellite launches, coupled with a demand for efficient propulsion systems. Moreover, the improvements in cryogenic storage, insulation materials, and liquefaction technology are supportive of the growth of this market. With an increase in investments by government space agencies and private players, the space cryogenic market is anticipated to flourish and contribute to the future of space exploration and travel.

The Space Cryogenic Market is expected to grow at a significant rate of around 7.14% during the forecast period (2024-2032). The market for Space Cryogenics on a global scale is witnessing robust growth owing to ongoing advancements in the areas of space exploration and scientific missions in addition to the increasing requirements of cryogenic technology for space propulsion and fuel storage applications. As much of the investment is focused on deep space exploration by space agencies and private players alike, as asteroids and comets come within reach of human technology, launching satellites, and beginning commercial space ventures, it seems clear that cryogenics is the future cornerstone technology for space development. Cooling of instruments, storage of propellants such as liquid hydrogen and liquid oxygen, and enabling complex missions with very high precision and efficiency are some of the services provided by space cryogenic systems. The maximum thrust comes from the following areas in terms of their cryogenic applications: space science, such as telescopes and planetary exploration; earth observation; and satellite communication as these sectors generally require very soliciting systems with special capabilities to function at the extreme conditions of space. Those looking into such developments have contributed a major share to the investments that are being put in for space cryogenics, more tied toward private-sector projects than government-sponsored missions. North America, Europe, and Asia-Pacific are the leading regions in the adoption of space cryogenics, with an increasing emphasis on space tourism, satellite constellations, and missions to deep space.

Some of the recent developments that are anticipated to drive the adoption are the launch of new-age cryogenic systems. For instance, in 2025, Cryoport Inc. announced to launch State-of-the-Art Cryoport Express(R) Cryogenic HV3 Shipping System ("HV3") a Cryogenic Shipping System for Transporting Lifesaving Biologics and Temperature-Sensitive Therapies.

Space Cryogenics is vital in facilitating a shift towards clean energy because it powers space missions focused on improving energy efficiency and sustainability. Cryogenic systems use cooling technology for critical space instruments and propellant storage for propulsion systems required during rocket launches and satellite systems, which ultimately contribute towards space-based launch infrastructure. Cryogenics will, therefore, be used increasingly by space agencies and private companies for missions that tend to be of commercial application, such as Earth observation satellites that track and monitor climate change, renewable energy infrastructures on Earth, as well as potential use of cryogenics on other possible missions.

Considering all the changes, the market is anticipated to rise further promoting the demand for Space Cryogenic during 2024-2032.

Based on Cooling Type, the Global Space cryogenic market is bifurcated into high-temperature coolers and low-temperature coolers. Of these low-temperature coolers have held a remarkable market share. Low-temperature coolers play a very important role in enhancing the efficiency of space missions, where temperature ranges can drop to levels quite low. The low-temperature coolers are crucial to the cooling of sensitive scientific instruments, detectors, and sensors that are employed in astronomic missions, space telescopes, and satellite systems. They also provide essential cooling for the storage and management of cryogenic propellants like liquid hydrogen and liquid oxygen in the rocket propulsion systems. Increased demand for space exploration and advanced telescopes such as the James Webb Space Telescope will always be a factor driving the growth of reliable, high-performance low-temperature cooling solutions.

Based on application the global space cryogenic market is segmented into space science missions, earth observations, telecom applications, technology demonstration missions, and cryo-electronic applications. Of these space science missions segment has held the major market share. Some of the factors causing increasing changes in the Space Science Missions segment are deep space research investments; a requirement for advanced cryogenic systems due to the nature of long-duration missions; and the critical importance of cryogenics in cooling scientific instruments for space telescopes and detectors. High-profile missions, targeting Mars, the Moon, etc., depend extensively on state-of-the-art cryogenic technology to store or manage propellants, as well as on cryogenic technologies to deliver instrumentation functionality under extreme space environments. Planetary science coupled with space telescopes like the James Webb Space Telescope have furthered interest in the area and, thus, accelerated demand for cryogenic solutions in this line of scientific research.

For a better understanding of the market adoption of the Space Cryogenic market, the market is analyzed based on its worldwide presence in countries such as North America (U.S., Canada, and the Rest of North America), Europe (Germany, France, U.K., Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), Rest of World. Europe holds a significant share of the Space Cryogenic market and is anticipated to maintain a steady growth rate over the forecast period. Innovation, sustainability, and reusable rocket technology for the region are driving the growth of the market. With the continued proliferation of European space missions, such as to the Moon and Mars, the demand for cutting-edge cryogenic systems will increase. Cryogenic technology commercialization will also significantly enhance Europe's presence in the global space sector.

Some of the major players operating in the market include Thales, Absolut System, Sumitomo Heavy Industries Ltd, Air Liquide, Oxford Instrument, Parker Hannifin Corporation, Honeywell International Inc., RICOR, Creare, and Northrop Grumman Corporation.

TABLE OF CONTENTS

1.Market Introduction

• 1.1. Market Definitions
• 1.2. Main Objective
• 1.3. Stakeholders
• 1.4. Limitation

2.Research Methodology Or Assumption

• 2.1. Research Process Of The Space Cryogenic Market
• 2.2. Research Methodology Of The Space Cryogenic Market
• 2.3. Respondent Profile

3.Executive Summary

• 3.1. Industry Synopsis
• 3.2. Segmental Outlook
  • 3.2.1. Market Growth Intensity
• 3.3. Regional Outlook

4.Market Dynamics

• 4.1. Drivers
• 4.2. Opportunity
• 4.3. Restraints
• 4.4. Trends
• 4.5. Pestel Analysis
• 4.6. Demand Side Analysis
• 4.7. Supply Side Analysis
  • 4.7.1. Merger & Acquisition
  • 4.7.2. Investment Scenario
  • 4.7.3. Industry Insights: Leading Startups And Their Unique Strategies

5.Pricing Analysis

• 5.1. Regional Pricing Analysis
• 5.2. Price Influencing Factors

6.Global Space Cryogenic Market Revenue (USD Mn), 2022-2032F

7.Market Insights By Cooling Type

• 7.1. High Temperature Coolers
• 7.2. Low-Temperature Coolers

8.Market Insights By Application

• 8.1. Space Science Missions
• 8.2. Earth Observation
• 8.3. Telecom Application
• 8.4. Technology Demonstration Mission
• 8.5. Cryo-Electronic Application

9.Market Insights By Temperature

• 9.1. Less Than 120 K
• 9.2. 120-150 K
• 9.3. More Than 150 K

10.Market Insights By Region

• 10.1. North America
  • 10.1.1. U.S.
  • 10.1.2. Canada
  • 10.1.3. Rest Of North America
• 10.2. Europe
  • 10.2.1. Germany
  • 10.2.2. U.K.
  • 10.2.3. France
  • 10.2.4. Italy
  • 10.2.5. Spain
  • 10.2.6. Rest Of Europe
• 10.3. Asia-Pacific
  • 10.3.1. China
  • 10.3.2. Japan
  • 10.3.3. India
  • 10.3.4. Rest Of Asia-Pacific
• 10.4. Rest Of World

11.Value Chain Analysis

• 11.1. Marginal Analysis
• 11.2. List Of Market Participants

12.Competitive Landscape

• 12.1. Competition Dashboard
• 12.2. Competitor Market Positioning Analysis
• 12.3. Porter Five Forces Analysis

13.Company Profiled

• 13.1. Thales
  • 13.1.1. Company Overview
  • 13.1.2. Key Financials
  • 13.1.3. Swot Analysis
  • 13.1.4. Product Portfolio
  • 13.1.5. Recent Developments
• 13.2. Absolut System
• 13.3. Sumitomo Heavy Industries Ltd
• 13.4. Air Liquide
• 13.5. Oxford Instrument
• 13.6. Parker Hannifin Corporation
• 13.7. Honeywell International Inc.
• 13.8. Ricor
• 13.9. Creare
• 13.10. Northrop Grumman Corporation

14.Acronyms & Assumption

15.Annexure