Exoplanet Exploration Market Report 2025

The exoplanet exploration market size has grown rapidly in recent years. It will grow from $1.11 billion in 2024 to $1.25 billion in 2025 at a compound annual growth rate (CAGR) of 13%. The growth during the historic period can be attributed to increasing interest in space tourism, rising government space budgets, a higher number of space missions, growing private sector investments in space exploration, and expanded satellite launch capabilities.

The exoplanet exploration market size is expected to see rapid growth in the next few years. It will grow to $2.01 billion in 2029 at a compound annual growth rate (CAGR) of 12.6%. The growth expected in the forecast period can be attributed to the expansion of astronomical research and institutions, increasing commercialization of space exploration, heightened public interest in space and planetary science, rising popularity of citizen science initiatives, and a growing number of astronomical events and discoveries. Key trends during this period include advancements in telescope technology, progress in data analytics and AI for space observation, development of next-generation space observatories, innovations in space propulsion systems, and improvements in spectroscopic analysis methods.

The increasing interest in space tourism is expected to drive the growth of the exoplanet exploration market in the future. Space tourism involves commercial trips by private individuals to space for leisure or adventure. This interest is growing due to the public’s fascination with space exploration, as more people want to experience the excitement of traveling beyond Earth and exploring a previously inaccessible frontier. Exoplanet exploration is important for shaping the future of space tourism by discovering planets outside our solar system that might have conditions suitable for life or human visits. For example, in May 2025, PatentPC, a US-based full-service law firm, projected that between 250 and 400 individuals would travel to space in 2025. Thus, the rising interest in space tourism is boosting the exoplanet exploration market.

The expanding interest in space exploration is expected to support the growth of the exoplanet exploration market in the coming years. Space exploration involves the study and discovery of outer space through astronomy, space technologies, and missions beyond Earth’s atmosphere. This growing interest is driven by technological advancements that make space missions more practical, efficient, and affordable, encouraging involvement from both governments and private sectors. Rising enthusiasm for space exploration significantly aids exoplanet research by attracting funding, promoting international collaboration, and advancing technology. This excitement speeds up missions aimed at finding and studying exoplanets, bringing humanity closer to discovering Earth-like planets and understanding our place in the cosmos. For instance, in March 2025, according to the House of Commons Library in the UK, government contracts totaling $1.15 billion (£844 million) were awarded between 2022 and 2024 via the European Space Agency (ESA). Hence, the growing interest in space exploration will enhance the exoplanet exploration market.

Key players in the exoplanet exploration market are focused on developing missions that provide important insights into how planetary systems form and evolve across the galaxy. Exoplanet missions are scientific efforts conducted from space to discover and study planets beyond our solar system. For example, in February 2025, NASA, a US government agency, selected SpaceX, a US aerospace manufacturer, to launch Pandora, a 716-pound (325-kilogram) satellite designed to help scientists better understand how host star variations affect exoplanet atmospheres. Operating in low Earth orbit, Pandora will observe at least 20 transiting exoplanets, which are planets that pass in front of their stars from the satellite’s viewpoint. Each planet will be studied 10 times with continuous 24-hour observations. The satellite features a 17-inch-wide all-aluminum telescope capable of capturing visible and near-infrared light, as well as near-infrared spectra from the planets.

Major players in the exoplanet exploration market are Raytheon Technologies, Lockheed Martin Corp., Airbus SE, Northrop Grumman Corp., Mitsubishi Electric Corp., Honeywell International Inc., National Aeronautics And Space Administration (NASA), Thales Alenia Space, L3Harris Technologies Inc., Leidos Holdings Inc., CACI International Inc., Teledyne Technologies Inc., Bruker Corp., General Atomics, DLR, Ball Aerospace and Technologies, OHB System AG, Sierra Nevada Corporation, and JAXA, UKSA Ltd.

North America was the largest region in the exoplanet exploration market in 2024. The regions covered in exoplanet exploration report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the exoplanet exploration market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

The intensifying U.S. tariffs and escalating trade tensions in spring 2025 are expected to have a significant impact on the chemicals sector, which is bearing a disproportionate burden, particularly from tariffs on petrochemicals and intermediates, where affordable domestic substitutes are often unavailable. Producers of specialty chemicals, heavily dependent on Chinese raw materials, are experiencing production disruptions. At the same time, fertilizer manufacturers are seeing profit margins eroded due to tariffs on phosphate imports. In response, companies are ramping up R&D into bio-based alternatives, forming procurement alliances to consolidate buying power, and shifting production to tariff-neutral nations such as Saudi Arabia.

Exoplanet exploration involves the scientific study and investigation of planets located outside our solar system, orbiting stars other than the Sun. This discipline aims to detect, observe, and analyze these distant planets to gain insights into their physical properties, atmospheric makeup, and their potential to support life.

The primary technologies used in exoplanet exploration include space telescopes, ground-based telescopes, spectroscopy instruments, and others. Space telescopes are sophisticated devices positioned in orbit or deep space to observe the universe beyond Earth’s atmosphere. These technologies are utilized for scientific research, commercial purposes, and more by various end-users such as government agencies, academic institutions, private companies, and others.

The exoplanet exploration market research report is one of a series of new reports that provides exoplanet exploration market statistics, including exoplanet exploration industry global market size, regional shares, competitors with a exoplanet exploration market share, detailed exoplanet exploration market segments, market trends and opportunities, and any further data you may need to thrive in the exoplanet exploration industry. This exoplanet exploration market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The exoplanet exploration market consists of revenues earned by entities by providing services such as exoplanet detection, spectroscopic analysis, astrometric measurement services, and astronomical instrument calibration. The market value includes the value of related goods sold by the service provider or included within the service offering. The exoplanet exploration market also includes sales of photometers, adaptive optics systems, coronagraphs, starshades, and interferometers. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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