Planetary Defense Global Market Report 2025

Planetary Defense Market Overview

• Planetary Defense market size has reached to $5.26 billion in 2024

• Expected to grow to $8.2 billion in 2029 at a compound annual growth rate (CAGR) of 9.2%

• Growth Driver: Increase In Space Missions Fueling The Growth Of The Market Due To Advancements In Affordable And Safer Space Technologies

• Market Trend: Technological Advancements In Planetary Defense And The Role Of Probes And Industry Leaders

• North America was the largest region in 2024 and  is the fastest growing region.

What Is Covered Under Planetary Defense Market?

Planetary defense refers to the strategies, technologies, and coordinated efforts to detect, track, and mitigate threats posed by near-Earth objects (NEOs), such as asteroids and comets, that could potentially collide with Earth. It includes early detection through telescopes and space-based sensors, precise orbit determination, impact risk assessment, and developing methods to deflect or disrupt hazardous objects. Planetary defense is a global effort involving space agencies, governments, and scientific institutions to protect Earth from potentially catastrophic impacts.

The main types of technologies in planetary defense are kinetic impact, nuclear detonation, gravity tractor, laser ablation, and others. Kinetic impact is a planetary defense strategy that involves deliberately crashing a high-speed spacecraft into an asteroid or comet. It is used for various applications, including asteroid detection, asteroid deflection, space missions, and others, and serves various end users, including government, space agencies, research institutions, and others.

What Is The Planetary Defense Market Size 2025 And Growth Rate?

The planetary defense market size has grown strongly in recent years. It will grow from $5.26 billion in 2024 to $5.76 billion in 2025 at a compound annual growth rate (CAGR) of 9.6%. The growth in the historic period can be attributed to rising frequency of near-earth object (NEO) sightings, growing global investments in space missions, increasing government and defense agency support, expanding role of private space companies and rising awareness of planetary threats.

What’s The Trade War Impact On Paper, Plastics, Rubber, Wood And Textile Industry?

The quick escalation of U.S. tariffs and the resulting strain in trade relations in spring 2025 are considerably influencing the Paper, Plastics, Rubber, Wood And Textile sector by inflating costs for imported pulp, resin, synthetic rubber, lumber, and cotton key inputs with limited domestic substitutes. Packaging manufacturers, for example, now pay more for plastic films and corrugated materials, squeezing margins in an already price-sensitive market. Textile producers face similar challenges, as tariffs on imported yarns and dyes compound pressures from rising labor costs. Some firms are shifting to recycled materials or biodegradable alternatives, while others consolidate suppliers to negotiate bulk discounts.

How is the Planetary Defense Market Segmented?

1) By Technology: Kinetic Impact, Nuclear Detonation, Gravity Tractor, Laser Ablation, Other Technologies

2) By Application: Asteroid Detection, Asteroid Deflection, Space Missions, Other Applications

3) By End-User: Government, Space Agencies, Research Institutions, Other End-Users

Subsegments:

1) By Kinetic Impact: Direct Collision Mission, High-Velocity Impact Vehicle, Interceptor Spacecraft, Autonomous Guidance Systems

2) By Nuclear Detonation: Surface Nuclear Blast, Subsurface Nuclear Explosion, Standoff Nuclear Detonation, Radiation Shielding Systems

3) By Gravity Tractor: Mass Accumulation Tractor, Station-Keeping Propulsion System, Long-Duration Trajectory Alteration, Autonomous Navigation And Control

4) By Laser Ablation: Space-Based Laser Platforms, Ground-Based Laser Systems, High-Energy Laser Modules, Targeting And Thermal Tracking Systems

5) By Other Technologies: Ion Beam Deflection, Electromagnetic Rail Systems, Solar Sails For Deflection, Artificial Intelligence-Based Threat Modeling

What Is Driving The Planetary Defense Market? Increase In Space Missions Fueling The Growth Of The Market Due To Advancements In Affordable And Safer Space Technologies

The growing number of space missions is expected to propel the growth of the planetary defense market going forward. Space missions refer to organized journeys or operations conducted beyond Earth's atmosphere for scientific, commercial, defense, or exploratory purposes. The number of space missions is increasing because advancements in technology, such as reusable rockets and miniaturized satellites, have made space exploration more affordable, efficient, and accessible than ever before. Planetary defense is used in space missions to enhance the ability to detect, track, and potentially deflect hazardous near-Earth objects (NEOs), ensuring the safety of Earth and spacecraft operating in space. For instance, in 2024, according to the Space Foundation, a US-based nonprofit organization, global space launch activity hit record levels for the third consecutive year, with 223 launch attempts and 212 successes, driven by a 50% surge in commercial launches, a 33% rise in U.S. launch attempts, and over 2,800 satellites deployed, marking a 23% increase over 2022. Therefore, the growing number of space missions is driving the growth of the planetary defense market.

What Is Driving The Planetary Defense Market? Increase In Space Missions Fueling The Growth Of The Market Due To Advancements In Affordable And Safer Space Technologies

The growing number of space missions is expected to propel the growth of the planetary defense market going forward. Space missions refer to organized journeys or operations conducted beyond Earth's atmosphere for scientific, commercial, defense, or exploratory purposes. The number of space missions is increasing because advancements in technology, such as reusable rockets and miniaturized satellites, have made space exploration more affordable, efficient, and accessible than ever before. Planetary defense is used in space missions to enhance the ability to detect, track, and potentially deflect hazardous near-Earth objects (NEOs), ensuring the safety of Earth and spacecraft operating in space. For instance, in 2024, according to the Space Foundation, a US-based nonprofit organization, global space launch activity hit record levels for the third consecutive year, with 223 launch attempts and 212 successes, driven by a 50% surge in commercial launches, a 33% rise in U.S. launch attempts, and over 2,800 satellites deployed, marking a 23% increase over 2022. Therefore, the growing number of space missions is driving the growth of the planetary defense industry.

Who Are The Major Players In The Global Planetary Defense Market?

Major Companies operating in the planetary defense market are RTX Corporation, The Boeing Company, Lockheed Martin Corporation, Airbus S.A.S., Northrop Grumman Corporation, BAE Systems plc, L3Harris Technologies Inc., Leonardo S.p.A., Leidos Holdings Inc., Space Exploration Technologies Corp., Blue Origin LLC, Thales Alenia Space S.A.S., Maxar Technologies Inc., OHB SE, Astroscale Holdings Inc., Rocket Lab USA Inc., Planet Labs PBC, Firefly Aerospace Inc., Redwire Corporation, Terran Orbital Corporation, State Corporation for Space Activities, Orion Space Solutions LLC

Who Are The Major Players In The Global Planetary Defense Market?

Major Companies operating in the planetary defense market are RTX Corporation, The Boeing Company, Lockheed Martin Corporation, Airbus S.A.S., Northrop Grumman Corporation, BAE Systems plc, L3Harris Technologies Inc., Leonardo S.p.A., Leidos Holdings Inc., Space Exploration Technologies Corp., Blue Origin LLC, Thales Alenia Space S.A.S., Maxar Technologies Inc., OHB SE, Astroscale Holdings Inc., Rocket Lab USA Inc., Planet Labs PBC, Firefly Aerospace Inc., Redwire Corporation, Terran Orbital Corporation, State Corporation for Space Activities, Orion Space Solutions LLC

What Are The Key Trends Of The Global Planetary Defense Market? Technological Advancements In Planetary Defense And The Role Of Probes And Industry Leaders

Major companies operating in the planetary defense market are focusing on developing innovative solutions, such as planetary defense probes, to detect, track, and mitigate potential threats from near-Earth objects (NEOs). A planetary defense probe is a specialized spacecraft designed to study, monitor, or actively engage with potentially hazardous asteroids or comets to prevent them from colliding with Earth. For instance, in October 2024, Space Exploration Technologies Corp., a US-based space technology company, launched the European Space Agency's Hera planetary defense probe from Cape Canaveral Space Force Station in Florida. The Hera probe is accompanied by two cubesats, Milani and Juventas. These will perform close-up studies of Dimorphos, including mineralogical surveys and the first subsurface radar probe of an asteroid. Hera's primary goal is to study the aftermath of this impact in detail, measuring the crater, analyzing the momentum transfer, and assessing both surface and internal properties of Dimorphos to validate and refine the kinetic impactor method as a planetary defense strategy. This mission marks a significant step in international efforts to develop strategies for planetary defense against potentially hazardous asteroids.

What Are The Key Trends Of The Global Planetary Defense Market? Technological Advancements In Planetary Defense And The Role Of Probes And Industry Leaders

Major companies operating in the planetary defense market are focusing on developing innovative solutions, such as planetary defense probes, to detect, track, and mitigate potential threats from near-Earth objects (NEOs). A planetary defense probe is a specialized spacecraft designed to study, monitor, or actively engage with potentially hazardous asteroids or comets to prevent them from colliding with Earth. For instance, in October 2024, Space Exploration Technologies Corp., a US-based space technology company, launched the European Space Agency's Hera planetary defense probe from Cape Canaveral Space Force Station in Florida. The Hera probe is accompanied by two cubesats, Milani and Juventas. These will perform close-up studies of Dimorphos, including mineralogical surveys and the first subsurface radar probe of an asteroid. Hera's primary goal is to study the aftermath of this impact in detail, measuring the crater, analyzing the momentum transfer, and assessing both surface and internal properties of Dimorphos to validate and refine the kinetic impactor method as a planetary defense strategy. This mission marks a significant step in international efforts to develop strategies for planetary defense against potentially hazardous asteroids.

What Are Latest Mergers And Acquisitions In The Planetary Defense Market? Lockheed Martin Acquires Terran Orbital To Bolster Planetary Defence And Satellite Capabilities

In August 2024, Lockheed Martin Corporation, a US-based aerospace manufacturer, acquired Terran Orbital for $45 million. Through this acquisition, Lockheed Martin aims to expand and enhance its advanced satellite manufacturing capabilities, strengthen its position in the space sector, and gain greater control over the supply chain for national security, commercial, and scientific satellite programs. Terran Orbital is a US-based aerospace and defense company involved in planetary defense.

What Are Latest Mergers And Acquisitions In The Planetary Defense Market? Lockheed Martin Acquires Terran Orbital To Bolster Planetary Defence And Satellite Capabilities

In August 2024, Lockheed Martin Corporation, a US-based aerospace manufacturer, acquired Terran Orbital for $45 million. Through this acquisition, Lockheed Martin aims to expand and enhance its advanced satellite manufacturing capabilities, strengthen its position in the space sector, and gain greater control over the supply chain for national security, commercial, and scientific satellite programs. Terran Orbital is a US-based aerospace and defense company involved in planetary defense.

What Is The Regional Outlook For The Global Planetary Defense Market?

North America was the largest region in the planetary defense market in 2024. The regions covered in the planetary defense market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the planetary defense market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

What Is The Regional Outlook For The Global Planetary Defense Market?

North America was the largest region in the planetary defense market in 2024. The regions covered in this market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in this market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

What Defines the Planetary Defense Market?

The planetary defense market consists of revenues earned by entities by providing services such as asteroid and comet detection, orbit tracking and monitoring, threat assessment and risk analysis, early warning systems, and impact modeling and simulation. The market value includes the value of related goods sold by the service provider or included within the service offering. The planetary defense market also includes sales of products including space-based telescopes, ground-based radar and optical systems, asteroid detection software, orbit prediction models, and impact simulation tools. 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.

What Defines the Planetary Defense Market?

The planetary defense market consists of revenues earned by entities by providing services such as asteroid and comet detection, orbit tracking and monitoring, threat assessment and risk analysis, early warning systems, and impact modeling and simulation. The market value includes the value of related goods sold by the service provider or included within the service offering. The planetary defense market also includes sales of products including space-based telescopes, ground-based radar and optical systems, asteroid detection software, orbit prediction models, and impact simulation tools. 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.

How is Market Value Defined and Measured?

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.

How is Market Value Defined and Measured?

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.

What is the Market Assessment and Strategic Outlook for the Planetary Defense Industry?

The planetary defense market research report is one of a series of new reports from The Business Research Company that provides planetary defense market statistics, including planetary defense industry global market size, regional shares, competitors with a planetary defense market share, detailed defense industry market segments, market trends and opportunities, and any further data you may need to thrive in the planetary defense industry. This planetary defense 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.

What is the Market Assessment and Strategic Outlook for the Planetary Defense Industry?

The planetary defense market research report is one of a series of new reports from The Business Research Company that provides market statistics, including planetary defense industry global market size, regional shares, competitors with the market share, detailed defense industry market segments, market trends and opportunities, and any further data you may need to thrive in the planetary defense industry. This planetary defense 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.