Market Intelo's latest research report on the Space-Qualified Heat Shrink Tubing market highlights a growing trend in the aerospace and defense industries. The global market was valued at USD 120 million in 2024 and is expected to reach USD 315 million by 2032, growing at a CAGR of 12.6% during the forecast period. This growth is driven by the increasing demand for durable, high-performance materials in the design and manufacture of space systems, including satellites, launch vehicles, and spacecraft.