Spacecraft Market Size to Reach USD 78.73 Billion by 2031 Amid Rising Satellite Deployments - Mordor Intelligence

The spacecraft market is projected to expand sharply through 2031 as satellite deployments accelerate, with Mordor Intelligence forecasting USD 49.62 billion in 2026 growing to USD 78.73 billion by 2031. The firm projects a 9.67% CAGR over the forecast period. Growth is tied to greater investment by governments, defense agencies and commercial operators in space-based infrastructure. Demand is being sustained by satellites used for communications, earth observation, navigation and scientific missions, alongside expanded private participation that reshapes how projects are financed and delivered. Commercial operators are launching broadband-focused constellations while public agencies back national security, exploration and research programs. Manufacturers are also pursuing faster, cost-efficient development using commercial off-the-shelf components, additive manufacturing and streamlined production to improve readiness and deployment timelines.