According to a research report published by Spherical Insights & Consulting, the Space Exploration Market Size is to grow from USD 486 Billion in 2022 to USD 1879 Billion by 2032, at a Compound Annual Growth Rate (CAGR) of 16.21% during the projected period.

The geophysical services market from land-based survey type was valued at over USD 1.8 billion in 2022 and is projected to reach USD 2.6 billion by 2032, driven by the technology's ability to provide valuable subsurface information for various applications.

Over the forecast period, the global telescope market is expected to increase at a CAGR of 9.2%, from 207.1 thousand units in 2018 to 427.4 thousand units in 2026. According to a new analysis from Reports and Data, the industry is expected to reach USD 345.1 million by 2026.

The growth of astronomical study, the expanding reach of amateur astronomy, an increase in interest in astrophotography, and a spotlight acquired owing to sci-fi films and comic conventions will all contribute to this. The advancement of technology and science in astronomy, particularly in fields like as electronics and optics, has become a significant aspect of our way of life. In numerous segments of the industry, applications such as mobile phones, personal computers, Global Positioning Systems (GPS), communication satellites, solar panels, and Magnetic Resonance Imaging (MRI) scanners are gaining popularity. Even after offering a multitude of significant, technological, and monetary rewards, astronomy isn't one of the economic measures. In the last ten years, nineteen Earth exploration missions have been launched by six countries/agencies (the U.S., ESA, Russia, Japan, China, and India). Approximately 80 missions are expected to be delivered throughout the next decade, with sixty-three of them being government operations. The following decade will also witness an increase in financial exploration projects, with at least thirty worthwhile missions anticipated by 2027, primarily driven by satellite TV for computer initiatives. In terms of application, the Moon examination is predicted to account for almost all of the assignments (64 percent of the total) to be issued by 2027, as satellite TV for computer exploration becomes the most prominent consideration in the set-up of private and public stakeholders.