Lunar Exploration Technology Market Report 2025

The lunar exploration technology market size has grown rapidly in recent years. It will grow from $10.03 billion in 2024 to $11.42 billion in 2025 at a compound annual growth rate (CAGR) of 13.8% The growth during the historical period was driven by increasing government investments, growing interest in moon missions, higher funding for scientific research, expanding international collaborations, and rising demand for lunar data.

The lunar exploration technology market size is expected to see rapid growth in the next few years. It will grow to $18.92 billion in 2029 at a compound annual growth rate (CAGR) of 13.4%. The growth during the forecast period is expected to be driven by increasing private sector involvement, rising adoption of robotic lunar missions, growing technological innovations, increased funding for the Artemis program, and the expansion of commercial lunar exploration projects. Key trends in this period include advancements in autonomous lunar rovers, development of advanced propulsion systems and lunar landers, innovations in in-situ resource utilization, and progress in satellite and sensor technologies.

The growing interest in space exploration is expected to drive the growth of the lunar exploration technology market. Space exploration involves studying and discovering outer space using rockets, satellites, and spacecraft. This surge is fueled by increasing investment in scientific research, enabling countries and companies to gain new knowledge and develop advanced technologies. Lunar exploration technology supports space exploration by facilitating detailed study of the Moon’s surface, aiding future missions, and enhancing our understanding of the solar system. For example, in July 2023, Pixalytics Ltd., a UK-based Earth observation company, reported 11,330 satellites orbiting Earth at the end of June 2023, a 37.94% increase since January 2022. Consequently, the rising interest in space exploration is driving the growth of the lunar exploration technology market.

Leading companies in the lunar exploration technology market are focusing on developing next-generation lunar landers and rover systems to ensure safe landings, mobility, and in-situ experiments on the Moon. These advanced systems are designed to perform precise landings, navigate challenging lunar terrain, and carry scientific payloads for extended missions. For example, in July 2023, the Indian Space Research Organisation (ISRO) launched Chandrayaan-3, achieving a successful soft landing near the lunar south pole and deploying a rover for surface exploration. The mission enhanced India’s planetary mission capabilities and provided valuable scientific data, improving understanding of the Moon’s geology and resources and opening opportunities for further research and potential utilization.

In September 2022, Astrobotic Technology Inc., a US-based lunar logistics and space robotics company, acquired Masten Space Systems for an undisclosed sum. The acquisition aims to enhance Astrobotic’s lunar exploration capabilities by incorporating Masten’s expertise in propulsion and vertical landing technologies, enabling more advanced lunar landers, improved surface operations, and expanded services for NASA, commercial partners, and international space missions. Masten Space Systems, based in the US, specializes in developing reusable rockets and landers with advanced propulsion for lunar and space missions.

Major players in the lunar exploration technology market are Boeing Company, Lockheed Martin Corporation, Northrop Grumman Corporation, National Aeronautics and Space Administration (NASA), Space Exploration Technologies Corp. (SpaceX), Blue Origin LLC, Sierra Nevada Corporation, MDA Space Ltd., Teledyne Brown Engineering Inc., ispace Inc., Astrolab SAS, Intuitive Machines Inc., Firefly Aerospace Inc., The Exploration Company GmbH, GITAI Japan Inc., Special Aerospace Services Ltd., Astrobotic Technology Inc., Indian Space Research Organisation (ISRO), Lunar Outpost Inc., CisLunar Industries Inc.

North America was the largest region in the lunar exploration technology market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in lunar exploration technology report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the lunar exploration technology 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 sharp hike in U.S. tariffs and the associated trade disputes in spring 2025 are notably impacting the aerospace and defense sector by raising costs for titanium, carbon fiber composites, and avionics materials largely sourced from global suppliers. Defense contractors, locked into fixed-price government contracts, absorb these added costs, while commercial aerospace firms face airline pushback on higher aircraft prices. Delays in component shipments due to customs bottlenecks further disrupt tight production schedules for jets and satellites. The industry is responding by stockpiling critical materials, seeking waivers for defense-related imports, and collaborating with allied nations to diversify supply chain.

Lunar exploration technology encompasses the tools, systems, and methods designed to study, navigate, and operate on the Moon, including spacecraft, landers, rovers, communication systems, and scientific instruments. Its primary goals are to advance scientific knowledge, support resource utilization, and enable future human and robotic missions for sustained lunar exploration.

The main categories of lunar exploration technology include propulsion systems, landing systems, navigation and guidance, communication systems, power systems, robotics and automation, scientific instruments, and others. Propulsion systems are the technologies used to generate thrust, allowing spacecraft or vehicles to move and maneuver in space. These systems support various applications, including manned and unmanned missions, lunar rovers, landers, and orbiters, with key end-users such as government space agencies, commercial space companies, and research institutes.

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

The lunar exploration technology market consists of revenues earned by entities by providing services such as lunar landing site selection, surface mobility solutions, lunar data analytics, in-situ resource utilization (ISRU) operations, and lunar environment monitoring. The market value includes the value of related goods sold by the service provider or included within the service offering. The lunar exploration technology market includes sales of robotic arms for lunar operations, thermal control systems, radiation shielding materials, and lunar drilling and excavation equipment. 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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