Space Electronics Market to Reach $5.4 Billion by 2031

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Aug 30, 2022, 16:00 ET

DUBLIN, Aug. 30, 2022 /PRNewswire/ -- The "Space Electronics Market By Platform, By Application, By Type, By Component: Global Opportunity Analysis and Industry Forecast, 2021-2031" report has been added to ResearchAndMarkets.com's offering.

The space electronics market was valued at $3.3 billion in 2021, and is estimated to reach $5.4 billion by 2031, growing at a CAGR of 5.04% from 2022 to 2031.

Factors such as an increase in investment in space ventures, rise in launch activities by some of the major private and public players, the establishment of a communication satellite constellation in LEO, and the adoption of space tourism in coming years will augment the business opportunities within the space electronics market.

A rise in application of satellites for a range of activities such as surveillance, real-time imaging, communication, navigation, weather forecasting, broadband and connectivity, research, development, and testing, and IoT integration for various government, commercial, and civil-military domains is leading to evolution in the space electronics industry. More than 6,000 satellites were expected to be launched within the timeframe of 2020 to 2027 with rising year-on-year launch rates. Rise in satellite launches has generated demand for various satellite electronics components and other peripheral systems, supporting business opportunities.

Companies have adopted product development and product launch as their key development strategies in the space electronics industry. Moreover, collaborations and acquisitions are expected to enable leading players to enhance their product portfolios and expand into different regions.

Key Market Segments

By Platform

Satellite
Launch Vehicles
Deep Space Probes

By Application

Communication
Earth Observation
Navigation, Global Positioning System (GPS) and Surveillance
Technology Development and Education
Others

By Type

Radiation Hardened
Radiation Tolerant

By Component

Microprocessors and Controllers
Sensors
Application Specific Integrated Circuits (ASIC)
Memory Chips
Power Source and Cables
Discrete Semiconductors
Other

By Region

North America
U.S.
Canada
Mexico
Europe
Germany
France
Italy
Spain
Russia
U.K.
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa

Key Market Players

BAE System
Cobham Limited
Honeywell International Inc.
Microchip Technology Inc
RUAG Group
STMicroelectronics
Teledyne Technologies Incorporated
Texas Instruments Incorporated
TT Electronics
Xilinx, Inc

Key Topics Covered:

CHAPTER 1: INTRODUCTION

CHAPTER 2: EXECUTIVE SUMMARY

CHAPTER 3: MARKET OVERVIEW

CHAPTER 4: SPACE ELECTRONICS MARKET, BY PLATFORM

CHAPTER 5: SPACE ELECTRONICS MARKET, BY APPLICATION

CHAPTER 6: SPACE ELECTRONICS MARKET, BY TYPE

CHAPTER 7: SPACE ELECTRONICS MARKET, BY COMPONENT

CHAPTER 8: SPACE ELECTRONICS MARKET, BY REGION

CHAPTER 9: COMPANY LANDSCAPE

CHAPTER 10: COMPANY PROFILES

Companies Mentioned

BAE System
Cobham Limited
Honeywell International Inc.
Microchip Technology Inc
RUAG Group
STMicroelectronics
Teledyne Technologies Incorporated
Texas Instruments Incorporated
TT Electronics
Xilinx, Inc

For more information about this report visit https://www.researchandmarkets.com/r/spb32t

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Research and Markets
Laura Wood, Senior Manager
[email protected]

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SOURCE Research and Markets