Asian Surveying & Mapping
Breaking News
H3 launches navigation satellite
WASHINGTON — A Japanese H3 rocket successfully launched a...
Chinese rocket carrying satellite explodes seconds after launch
Hong Kong —  A Chinese rocket set to launch a satellite...
NASA invites ISRO to join its ambitious Moon Base programme
India and the United States are set to strengthen...
India counters China’s map war: Names of 27 Arunachal Pradesh locations standardised on Survey of India maps
The official list covers 21 land locations, four mountain...
OMEGA and MBRSC launch exhibition celebrating UAE’s space milestones and Moon landing anniversary
OMEGA has partnered with the Mohammed Bin Rashid Space...
SpaceX crash site on moon revealed by South Korean orbiter
An out-of-control SpaceX rocket that crashed into the moon...
ispace Receives Grant for Japan’s Space Strategy Fund Project “High-Precision Landing Technology in the Lunar Poles Region”
TOKYO—August 7, 2026—ispace, inc. (ispace) (TOKYO: 9348), a global...
Embry‑Riddle Asia Launches Professional Space Operations Course in Singapore Amid Regional Space Boom
As Singapore works to develop its involvement in the...
ISRO to map landslides in J&K using satellite to generate alerts
According to the government, geospatial technologies are being used...
Korea to Build 3D ‘New National Map’ Under Spatial Data Strategy
The Korean government will shift its spatial information system,...
  • Oct 18, 2024
  • Comments Off on The aerospace market is projected to reach almost 260 billion dollars by 2034
  • Corporate, News
  • 485 Views

October 18th, 2024
The aerospace market is projected to reach almost 260 billion dollars by 2034

Notable trends in the United States include the push for sustainable aviation, the rise of space exploration driven by companies such as SpaceX, and scientific missions including satellite technology.
Sarens has always been taken into account by companies like Spinlaunch or NASA, to carry out logistics and engineering projects in the aerospace sector because of a track record of results, innovation and specialized engineering expertise.
The global aerospace market is estimated at $373.61 billion in 2024 and is forecast to exceed $791.78 billion in 2034. In the U.S., the aerospace market size is valued at $120.3 billion in 2024 and is expected to reach $259.57 billion in 2034, according to Precedence Research, a leading provider of strategic market outlooks.
The region has a mature aerospace market with a strong focus on innovation and advanced technology. Notable trends in the United States include the push for sustainable aviation, the rise of space exploration driven by companies such as SpaceX, and scientific missions including satellite technology. The emerging space tourism sector presents exciting business opportunities, with numerous companies venturing into commercial space travel.
As the aerospace industry remains at the forefront of technological innovation, Sarens, world leader in heavy lifting, engineered transports and crane rental services, stands to the side of the aerospace sector to provide for the new needs for maintenance, repairs, logistics and other services.
The demand for aerospace products and services is expected to continue into 2024 and 2025. The Federal Aviation Administration (FAA) has reached an historic milestone of more than 820 successful launch and reentry operations to date with 14 Spaceport Operator Licenses from where to launch, of which one of the most important is the Kennedy Space Center.
Sarens has always been taken into account by companies like Spinlaunch or NASA, to carry out logistics and engineering projects in the aerospace sector because of a track record in results, innovation, specialized engineering expertise, and the know-how to work safely and right at the first time.
Sarens was entrusted in early 2022, with a heavy lift and transportation contract for the construction of the ML2 (Mobile Launcher 2) in that particular center, when together with NASA designed the technical solutions and engineering project to start that construction mission. In August 2023, onsite assembly of the ML2 base frame began and Sarens mobilized its machinery for work on this special operation. Sarens was also involved in the roll-off activities of the truss steel for the launcher’s base frame, which had been fabricated off-site and shipped to Kennedy Space Center by barge.
Sarens engineering worked to ensure the truss steel made it safely to the Kennedy Space Center dock for the roll-off operation. Once onsite, the truss steel had to undergo an intense corrosion protection process, and Sarens SPMTs (Self-Propelled Modular Transports) assisted in moving it through this process before it finally reached the assembly location. There, Sarens cranes assembled the trusses.
The LM2 project was not the first time Sarens has collaborated with NASA. In March 2022, Sarens already signed an agreement to start collaborating in the work related to the Artemis expedition, preparing the necessary infrastructure for future actions of this program. In the same way, Sarens was able to work with NASA on lifting activities for the Mission to Mars project at the Stennis Space Center (SSC) in Mississippi. And some more time ago Sarens lifted and maneuvered the world’s largest diameter vacuum chamber in Truth or Consequences, New Mexico, in the the Launching Chamber for SpinLaunch. Sarens was commissioned by SpinLaunch to assist in the heavy lifting and transport operations because they were developing and testing a mass accelerator to launch satellites into space orbit using kinetic energy instead of rockets.
About Sarens
Sarens is the global leader and reference in crane rental, heavy lift and engineered transportation services. With state-of-the-art equipment, value engineering, one of the world’s largest inventories of cranes, transporters and special rigging equipment, Sarens offers creative and intelligent solutions to today’s heavy lifting and engineering transport challenges.
With more than 100 entities in 66 countries operating without borders, Sarens is an ideal partner for small to large-scale projects. Sarens currently employs 5,000 highly qualified professionals who are ready to serve the needs of any client worldwide and in all market sectors. https://www.sarens.com/