SPACE TECHNOLOGY INDUSTRY UPDATE - NOVEMBER 28, 2025
The space technology sector continues its strong momentum through late November 2025, with significant market developments and investment activity reshaping the competitive landscape.
MARKET PERFORMANCE AND GROWTH INDICATORS
The global space sensors and actuators market reached USD 5.20 billion in 2025 and is projected to grow at a compound annual growth rate of 10.18 percent through 2034, reaching USD 12.44 billion by that year. This expansion reflects unprecedented demand for advanced spacecraft components and autonomous systems. The commercial segment is emerging as the fastest-growing sector, driven by rising private investment in satellite constellations and new space ventures.
MAJOR BUSINESS DEVELOPMENTS
Rocket Lab reported impressive third-quarter 2025 results with year-over-year revenue growth of 48 percent, supported by strong contract wins and successful mission executions. In November, the company completed a critical suborbital mission for the Defense Innovation Unit and Missile Defense Agency using its HASTE vehicle. The Zacks Consensus Estimate projects Rocket Lab's 2025 sales will surge 37.7 percent year-over-year.
Intuitive Machines announced a transformative acquisition of Lanteris Space Systems, formerly known as Maxar Space Systems, marking its evolution from a lunar-focused company to a multi-domain space prime. This strategic move strengthens the company's position by providing a larger revenue base and robust order backlog. Additionally, Intuitive Machines secured an 8.2 million dollar contract extension from the U.S. Air Force Research Laboratory to advance next-generation nuclear power systems for spacecraft and lunar infrastructure.
MARKET SEGMENT TRENDS
The rovers and spacecraft landers segment represents the fastest-growing category, driven by global resurgence in lunar and Martian exploration. Government and defense agencies continue increasing investments in satellite technology for intelligence, surveillance, and reconnaissance operations. Spanish startup Kreios Space recently announced 8 million euros in seed financing for Very Low Earth Orbit satellite technology, led by the NATO Innovation Fund.
McCormick Industries strengthened its aerospace machining operations with next-generation CNC technology, reflecting broader industry modernization efforts. The aircraft and spacecraft segment remains the fastest-growing in aerospace materials, driven by unprecedented commercial space activities and satellite deployment programs.
OUTLOOK
The space industry demonstrates sustained growth momentum supported by rising security needs, faster satellite communication demand, and strengthened government-private sector collaboration. Commercial operators and defense agencies continue competing for advanced technologies, positioning 2025 as a pivotal year for space industry consolidation and capability expansion.
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