Space Electronics Market Research Report – Global Forecast till 2027

Space Electronics Market Research Report: Information by Platform (Satellites & Launch Vehicles), Component (Optoelectronics & Integrated Circuits), Subsystem (Structural & Telemetry), Product (Hardened & Tolerant) & Region — Global Forecast till 2027

ID: MRFR/A&D/6115-HCR | February 2021 | Region: Global | 133 pages

Please note that the assessment period of report has been updated from 2018-2023 to 2020-2027. Cordially fill the sample form for updated data.

Market Scenario


Space technology is witnessing a silent revolution. The transformation of the space industry is largely driven by innovations in launch and satellite manufacturing technology. In the coming years, it is expected that the majority of the key space electronics providers will widen their product portfolios and enhance their partner networks globally.


The supply chain of the global space electronics market comprises raw material suppliers, electronic component manufacturers, subsystem manufacturers, spacecraft manufacturers, and space agencies or launch service providers. The key space electronic component manufacturers are BAE Systems, Cobham PLC, Honeywell International Inc., Microsemi Corporation, and Texas Instruments Incorporated. The development of low-cost electronics, regional expansion, and mergers & acquisitions are the key strategies adopted by the major players to gain a competitive edge in the market.


The global space electronics market is estimated to register a CAGR of nearly 6.53% during the forecast period of 2018 to 2023.


Segmentation of the Global Space Electronics Market


Space Electronics Market


Based on platform, the market has been divided into satellites, launch vehicles, and others. The satellites segment is expected to remain the largest segment of the global space electronics market during the forecast period. Increasing participation of commercial space companies in the satellite ecosystem, such as Space X, OneWeb Satellites, and Sky and Space Global Ltd, and the expected launch of more than 4,000 satellites between 2018 and 2023 are expected to propel the growth of the satellites segment in the years to come.


On the basis of component type, the space electronics market has been segmented into discrete semiconductors, optoelectronics, integrated circuits, and others. The integrated circuits segment is expected to be the largest during the forecast period. The increasing demand for small and lightweight electronics that consume less power is driving the growth of the integrated circuits segment of the global space electronics market.


By region, North America is expected to remain the largest space electronics market during the forecast period and is also expected to register the highest growth rate. The presence of NASA, the largest space agency in the world, in the US, along with the entry of commercial space companies, such as Space X, is propelling the growth of the regional market.


Europe and Asia-Pacific are also likely to offer lucrative growth opportunities to market players in the coming years. India, China, and Russia are expected to be the major growth contributors to the space electronics market in the years to come.


Intended Audience



  • Satellite manufacturers

  • Space organizations

  • Government authorities

  • Defense companies

  • Research institutes

  • Regulatory bodies


Key Players


The key players in the global space electronics market are BAE Systems PLC (UK), Cobham PLC (UK), Heico Corporation (US), Honeywell International Inc. (US), Microsemi Corporation (US), ON Semiconductor (US), ST Microelectronics NV (Switzerland), Texas Instruments (US), Teledyne e2v (UK), TT Electronics PLC (UK), and Xilinx Inc. (US).


Research Methodology


The market values and forecast are derived using the MRFR research methodology, which includes secondary research, primary interviews, data triangulation and validation from an in-house data repository, and statistical modeling tools.


Secondary Research


In this process, data is collected from various secondary sources, including annual reports, SEC filings, journals, government associations, aerospace & defense magazines, white papers, corporate presentations, company websites, and paid databases, among others.


Primary Research


In this process, both the demand- and supply-side parties are interviewed to extract facts and insights about the market forecast, production, trends, and projected market growth. Industry stakeholders such as CEOs, VPs, directors, and marketing executives across the value chain are approached to obtain key information.


Key Insights



  • Market Sizing, Forecast, and Analysis: Detailed coverage of the market segment and sub-segments

  • Regional/Country Trends and Forecast: Detailed analysis of the market in North America, Asia-Pacific, Europe, Middle East & Africa, and Latin America, along with key countries in each region

  • Market Dynamics Intelligence: Market drivers, opportunities, trends, restraints, Porter’s five forces, supply chain, and value chain analysis

  • Technology Trends, Regulatory Landscape, and Patent Analysis Outlook

  • Competitive Intelligence: Market share analysis, financial analysis, product benchmarking, and strategic developments including joint ventures, product launches, and mergers & acquisitions

  • Regional attractiveness and related growth opportunities


Report Customization


MRFR offers report customization to valued customers. Below are the options available for customization:



  • Company Profiles


In-depth profiling of additional market players (3 to 4 companies)



  • Country-Level Analysis


Detailed analysis of a country-level market and related segments as per the report scope (subject to data availability)



Frequently Asked Questions (FAQ) :


The market can record a CAGR of close to 6.53% in the following years.

The key growth strategies employed by the renowned market firms are development of low-cost electronics, regional expansion, and mergers & acquisitions and more.

Increasing participation of commercial space companies in the satellite ecosystem, such as Space X, OneWeb Satellites, and Sky and Space Global Ltd and expected launch of more than 4,000 satellites between 2020 and 2027 make satellite the top segment in the market.

The key component-wise market segments are integrated circuits, optoelectronics, discrete semiconductors, and more.

The presence of NASA in the US, which is the biggest space agency in the world and the increasing entry of various commercial space firms like Space X make North America the top market for space electronics.

Table of Contents

1. Executive Summary

1.1. Market Attractiveness Analysis

1.1.1. Global Space Electronics Market, by Platform

1.1.2. Global Space Electronics Market, by Component

1.1.3. Global Space Electronics Market, by Subsystem

1.1.4. Global Space Electronics Market, by Product

1.1.5. Global Space Electronics Market, by Region

2. Market Introduction

2.1. Market Definition

2.2. Scope of the Study

2.3. Market Structure

2.4. Key Buying Criteria

2.5. Market Factor Indicator Analysis

3. Research Methodology

3.1. Research Process

3.2. Primary Research

3.3. Secondary Research

3.4. Market Size Estimation

3.5. Forecast Model

3.6. List of Assumptions

4. Market Insights

5. Market Dynamics

5.1. Introduction

5.2. Drivers

5.3. Restraints

5.4. Opportunities

5.5. Challenges

5.6. Market/Technological Trends

5.7. Patent Trends

5.8. Regulatory Landscape/Standards

6. Market Factor Analysis

6.1. Value Chain/Supply Chain Analysis

6.1.1. R&D

6.1.2. Manufacturing

6.1.3. Distribution & Sales

6.1.4. Post-Sales Monitoring

6.2. Porter’s Five Forces Analysis

6.2.1. Threat of New Entrants

6.2.2. Bargaining Power of Buyers

6.2.3. Threat of Substitutes

6.2.4. Competitive Rivalry

6.2.5. Bargaining Power of Supplies

7. Global Space Electronics Market, by Platform

7.1. Introduction

7.2. Satellites

7.2.1. Market Estimates & Forecast, 2020–2027

7.2.2. Market Estimates & Forecast, by Region, 2020–2027

7.3. Launch Vehicles

7.3.1. Market Estimates & Forecast, 2020–2027

7.3.2. Market Estimates & Forecast, by Region, 2020–2027

7.4. Others

7.4.1. Market Estimates & Forecast, 2020–2027

7.4.2. Market Estimates & Forecast, by Region, 2020–2027

8. Global Space Electronics Market, by Component

8.1. Introduction

8.2. Discrete Semiconductors

8.2.1. Market Estimates & Forecast, 2020–2027

8.2.2. Market Estimates & Forecast, by Region, 2020–2027

8.3. Optoelectronics

8.3.1. Market Estimates & Forecast, 2020–2027

8.3.2. Market Estimates & Forecast, by Region, 2020–2027

8.4. Integrated Circuits

8.4.1. Market Estimates & Forecast, 2020–2027

8.4.2. Market Estimates & Forecast, by Region, 2020–2027

8.5. Others

8.5.1. Market Estimates & Forecast, 2020–2027

8.5.2. Market Estimates & Forecast, by Region, 2020–2027

9. Global Space Electronics Market, by Subsystem

9.1. Introduction

9.2. Structural Subsystem

9.2.1. Market Estimates & Forecast, 2020–2027

9.2.2. Market Estimates & Forecast, by Region, 2020–2027

9.3. Telemetry Subsystem

9.3.1. Market Estimates & Forecast, 2020–2027

9.3.2. Market Estimates & Forecast, by Region, 2020–2027

9.4. Tracking & Command Subsystem

9.4.1. Market Estimates & Forecast, 2020–2027

9.4.2. Market Estimates & Forecast, by Region, 2020–2027

9.5. Electric Power & Distribution Subsystem

9.5.1. Market Estimates & Forecast, 2020–2027

9.5.2. Market Estimates & Forecast, by Region, 2020–2027

9.6. Thermal Control Subsystem

9.6.1. Market Estimates & Forecast, 2020–2027

9.6.2. Market Estimates & Forecast, by Region, 2020–2027

9.7. Attitude & Velocity Control Subsystem

9.7.1. Market Estimates & Forecast, 2020–2027

9.7.2. Market Estimates & Forecast, by Region, 2020–2027

10. Global Space Electronics Market, by Product

10.1. Introduction

10.2. Radiation-Hardened

10.2.1. Market Estimates & Forecast, 2020–2027

10.2.2. Market Estimates & Forecast, by Region, 2020–2027

10.3. Radiation-Tolerant

10.3.1. Market Estimates & Forecast, 2020–2027

10.3.2. Market Estimates & Forecast, by Region, 2020–2027

11. Global Space Electronics Market, by Region

11.1. Introduction

11.2. North America

11.2.1. Market Estimates & Forecast, by Country, 2020–2027

11.2.2. Market Estimates & Forecast, by Platform, 2020–2027

11.2.3. Market Estimates & Forecast, by Component, 2020–2027

11.2.4. Market Estimates & Forecast, by Subsystem, 2020–2027

11.2.5. Market Estimates & Forecast, by Product, 2020–2027

11.2.6. US

11.2.6.1. Market Estimates & Forecast, by Platform, 2020–2027

11.2.6.2. Market Estimates & Forecast, by Component, 2020–2027

11.2.6.3. Market Estimates & Forecast, by Subsystem, 2020–2027

11.2.6.4. Market Estimates & Forecast, by Product, 2020–2027

11.2.7. Canada

11.2.7.1. Market Estimates & Forecast, by Platform, 2020–2027

11.2.7.2. Market Estimates & Forecast, by Component, 2020–2027

11.2.7.3. Market Estimates & Forecast, by Subsystem, 2020–2027

11.2.7.4. Market Estimates & Forecast, by Product, 2020–2027

11.3. Europe

11.3.1. Market Estimates & Forecast, by Country, 2020–2027

11.3.2. Market Estimates & Forecast, by Platform, 2020–2027

11.3.3. Market Estimates & Forecast, by Component, 2020–2027

11.3.4. Market Estimates & Forecast, by Subsystem, 2020–2027

11.3.5. Market Estimates & Forecast, by Product, 2020–2027

11.3.6. UK

11.3.6.1. Market Estimates & Forecast, by Platform, 2020–2027

11.3.6.2. Market Estimates & Forecast, by Component, 2020–2027

11.3.6.3. Market Estimates & Forecast, by Subsystem, 2020–2027

11.3.6.4. Market Estimates & Forecast, by Product, 2020–2027

11.3.7. Germany

11.3.7.1. Market Estimates & Forecast, by Platform, 2020–2027

11.3.7.2. Market Estimates & Forecast, by Component, 2020–2027

11.3.7.3. Market Estimates & Forecast, by Subsystem, 2020–2027

11.3.7.4. Market Estimates & Forecast, by Product, 2020–2027

11.3.8. France

11.3.8.1. Market Estimates & Forecast, by Platform, 2020–2027

11.3.8.2. Market Estimates & Forecast, by Component, 2020–2027

11.3.8.3. Market Estimates & Forecast, by Subsystem, 2020–2027

11.3.8.4. Market Estimates & Forecast, by Product, 2020–2027

11.3.9. Italy

11.3.9.1. Market Estimates & Forecast, by Platform, 2020–2027

11.3.9.2. Market Estimates & Forecast, by Component, 2020–2027

11.3.9.3. Market Estimates & Forecast, by Subsystem, 2020–2027

11.3.9.4. Market Estimates & Forecast, by Product, 2020–2027

11.3.10. Rest of Europe

11.3.10.1. Market Estimates & Forecast, by Platform, 2020–2027

11.3.10.2. Market Estimates & Forecast, by Component, 2020–2027

11.3.10.3. Market Estimates & Forecast, by Subsystem, 2020–2027

11.3.10.4. Market Estimates & Forecast, by Product, 2020–2027

11.4. Asia-Pacific

11.4.1. Market Estimates & Forecast, by Country, 2020–2027

11.4.2. Market Estimates & Forecast, by Platform, 2020–2027

11.4.3. Market Estimates & Forecast, by Component, 2020–2027

11.4.4. Market Estimates & Forecast, by Subsystem, 2020–2027

11.4.5. Market Estimates & Forecast, by Product, 2020–2027

11.4.6. China

11.4.6.1. Market Estimates & Forecast, by Platform, 2020–2027

11.4.6.2. Market Estimates & Forecast, by Component, 2020–2027

11.4.6.3. Market Estimates & Forecast, by Subsystem, 2020–2027

11.4.6.4. Market Estimates & Forecast, by Product, 2020–2027

11.4.7. Japan

11.4.7.1. Market Estimates & Forecast, by Platform, 2020–2027

11.4.7.2. Market Estimates & Forecast, by Component, 2020–2027

11.4.7.3. Market Estimates & Forecast, by Subsystem, 2020–2027

11.4.7.4. Market Estimates & Forecast, by Product, 2020–2027

11.4.8. India

11.4.8.1. Market Estimates & Forecast, by Platform, 2020–2027

11.4.8.2. Market Estimates & Forecast, by Component, 2020–2027

11.4.8.3. Market Estimates & Forecast, by Subsystem, 2020–2027

11.4.8.4. Market Estimates & Forecast, by Product, 2020–2027

11.4.9. Australia

11.4.9.1. Market Estimates & Forecast, by Platform, 2020–2027

11.4.9.2. Market Estimates & Forecast, by Component, 2020–2027

11.4.9.3. Market Estimates & Forecast, by Subsystem, 2020–2027

11.4.9.4. Market Estimates & Forecast, by Product, 2020–2027

11.4.10. Rest of Asia-Pacific

11.4.10.1. Market Estimates & Forecast, by Size, 2020–2027

11.4.10.2. Market Estimates & Forecast, by Subsystem, 2020–2027

11.4.10.3. Market Estimates & Forecast, by Application, 2020–2027

11.4.10.4. Market Estimates & Forecast, by End User, 2020–2027

11.5. Rest of the World

11.5.1. Market Estimates & Forecast, by Region, 2020–2027

11.5.2. Market Estimates & Forecast, by Platform, 2020–2027

11.5.3. Market Estimates & Forecast, by Component, 2020–2027

11.5.4. Market Estimates & Forecast, by Subsystem, 2020–2027

11.5.5. Market Estimates & Forecast, by Product, 2020–2027

11.5.6. Middle East & Africa

11.5.6.1. Market Estimates & Forecast, by Platform, 2020–2027

11.5.6.2. Market Estimates & Forecast, by Component, 2020–2027

11.5.6.3. Market Estimates & Forecast, by Subsystem, 2020–2027

11.5.6.4. Market Estimates & Forecast, by Product, 2020–2027

11.5.7. Latin America

11.5.7.1. Market Estimates & Forecast, by Platform, 2020–2027

11.5.7.2. Market Estimates & Forecast, by Component, 2020–2027

11.5.7.3. Market Estimates & Forecast, by Subsystem, 2020–2027

11.5.7.4. Market Estimates & Forecast, by Product, 2020–2027

12. Competitive Landscape

12.1. Competitive Overview

12.2. Competitor Dashboard

12.3. Major Growth Strategies in the Global Space Electronics Market

12.4. Competitive Benchmarking

12.5. Market Share Analysis

12.6. TT Electronics PLC: The Leading Player in Terms of Number of Developments in the Global Space Electronics Market

12.7. Key Developments & Growth Strategies

12.7.1. Product Launches/Service Deployments

12.7.2. Mergers & Acquisitions

12.7.3. Joint Ventures

13. Company Profiles

13.1. BAE Systems PLC

13.1.1. Company Overview

13.1.2. Product Offering

13.1.3. Financial Overview

13.1.4. Key Developments

13.1.5. SWOT Analysis

13.1.6. Strategy

13.2. Cobham PLC

13.2.1. Company Overview

13.2.2. Product Offering

13.2.3. Financial Overview

13.2.4. Key Developments

13.2.5. SWOT Analysis

13.2.6. Strategy

13.3. Heico Corporation

13.3.1. Company Overview

13.3.2. Product Offering

13.3.3. Financial Overview

13.3.4. Key Developments

13.3.5. SWOT Analysis

13.3.6. Strategy

13.4. Honeywell International Inc.

13.4.1. Company Overview

13.4.2. Product Offering

13.4.3. Financial Overview

13.4.4. Key Developments

13.4.5. SWOT Analysis

13.4.6. Strategy

13.5. Microsemi Corporation

13.5.1. Company Overview

13.5.2. Product Offering

13.5.3. Financial Overview

13.5.4. Key Developments

13.5.5. SWOT Analysis

13.5.6. Strategy

13.6. ON Semiconductor

13.6.1. Company Overview

13.6.2. Product Offering

13.6.3. Financial Overview

13.6.4. Key Developments

13.6.5. SWOT Analysis

13.6.6. Strategy

13.7. ST Microelectronics NV

13.7.1. Company Overview

13.7.2. Product Offering

13.7.3. Financial Overview

13.7.4. Key Developments

13.7.5. SWOT Analysis

13.7.6. Strategy

13.8. Texas Instruments

13.8.1. Company Overview

13.8.2. Product Offering

13.8.3. Financial Overview

13.8.4. Key Developments

13.8.5. SWOT Analysis

13.8.6. Strategy

13.9. Teledyne e2v

13.9.1. Company Overview

13.9.2. Product Offering

13.9.3. Financial Overview

13.9.4. Key Developments

13.9.5. SWOT Analysis

13.9.6. Strategy

13.10. TT Electronics PLC

13.10.1. Company Overview

13.10.2. Product Offering

13.10.3. Financial Overview

13.10.4. Key Developments

13.10.5. SWOT Analysis

13.10.6. Strategy

13.11. Xilinx Inc.

13.11.1. Company Overview

13.11.2. Product Offering

13.11.3. Financial Overview

13.11.4. Key Developments

13.11.5. SWOT Analysis

13.11.6. Strategy

14. Appendix

14.1. References

14.2. Related Reports

14.3. List of Abbreviations

15. Industry Insights

Note: This table of contents is tentative and subject to change as the research progresses.


List of Tables

Table 1 Global Space Electronics Market, by Region, 2020–2027

Table 2 North America: Space Electronics Market, by Country, 2020–2027

Table 3 Europe: Space Electronics Market, by Country, 2020–2027

Table 4 Asia-Pacific: Space Electronics Market, by Country, 2020–2027

Table 5 Rest of the World: Space Electronics Market, by Region, 2020–2027

Table 6 Global Space Electronics Market Size, by Region, 2020–2027

Table 7 North America: Space Electronics Market Size, by Country, 2020–2027

Table 8 Europe: Space Electronics Market Size, by Country, 2020–2027

Table 9 Asia-Pacific: Space Electronics Market Size, by Country, 2020–2027

Table 10 Rest of the World: Space Electronics Market Size, by Region, 2020–2027

Table 11 Global Space Electronics, Subsystem Market, by Region, 2020–2027

Table 12 North America: Space Electronics, Subsystem Market, by Country, 2020–2027

Table 13 Europe: Space Electronics, Subsystem Market, by Country, 2020–2027

Table 14 Asia-Pacific: Space Electronics, Subsystem Market, by Country, 2020–2027

Table 15 Rest of the World: Space Electronics, Subsystem Market, by Region, 2020–2027

Table 16 Global Space Electronics, Application Market, by Region, 2020–2027

Table 17 North America: Space Electronics, Application Market, by Country, 2020–2027

Table 18 Europe: Space Electronics, Application Market, by Country, 2020–2027

Table 19 Asia-Pacific: Space Electronics, Application Market, by Country, 2020–2027

Table 20 Rest of the World: Space Electronics, Application Market, by Region, 2020–2027

Table 21 Global Space Electronics, End User Market, by Region, 2020–2027

Table 22 North America: Space Electronics, End User Market, by Country, 2020–2027

Table 23 Europe: Space Electronics, End User Market, by Country, 2020–2027

Table 24 Asia-Pacific: Space Electronics, End User Market, by Country, 2020–2027

Table 25 Rest of the World: Space Electronics, End User Market, by Region, 2020–2027

Table 26 Global Space Electronics Market, by Region, 2020–2027

Table 27 Global Space Electronics Market, by Platform, 2020–2027

Table 28 Global Space Electronics Market, by Component, 2020–2027

Table 29 Global Space Electronics Market, by Subsystem, 2020–2027

Table 30 Global Space Electronics Market, by Product, 2020–2027

Table 31 North America: Space Electronics Market, by Country, 2020–2027

Table 32 North America: Space Electronics Market, by Platform, 2020–2027

Table 33 North America: Space Electronics Market, by Component, 2020–2027

Table 34 North America: Space Electronics Market, by Subsystem, 2020–2027

Table 35 North America: Space Electronics Market, by Product, 2020–2027

Table 36 Europe: Space Electronics Market, by Country, 2020–2027

Table 37 Europe: Space Electronics Market, by Platform, 2020–2027

Table 38 Europe: Space Electronics Market, by Component, 2020–2027

Table 39 Europe: Space Electronics Market, by Subsystem, 2020–2027

Table 40 Europe: Space Electronics Market, by Product, 2020–2027

Table 41 Asia-Pacific: Space Electronics Market, by Country, 2020–2027

Table 42 Asia-Pacific: Space Electronics Market, by Platform, 2020–2027

Table 43 Asia-Pacific: Space Electronics Market, by Component, 2020–2027

Table 44 Asia-Pacific: Space Electronics Market, by Subsystem, 2020–2027

Table 45 Asia-Pacific: Space Electronics Market, by Product, 2020–2027

Table 46 Rest of the World: Space Electronics Market, by Region, 2020–2027

Table 47 Rest of the World: Space Electronics Market, by Platform, 2020–2027

Table 48 Rest of the World: Space Electronics Market, by Component, 2020–2027

Table 49 Rest of the World: Space Electronics Market, by Subsystem, 2020–2027

Table 50 Rest of the World: Space Electronics Market, by Product, 2020–2027


List of Figures

FIGURE 1 Research Process of MRFR

FIGURE 2 Top-Down & Bottom-Up Approaches

FIGURE 3 Market Dynamics

FIGURE 4 Impact Analysis: Market Drivers

FIGURE 5 Impact Analysis: Market Restraints

FIGURE 6 Porter's Five Forces Analysis

FIGURE 7 Value Chain Analysis

FIGURE 8 Global Space Electronics Market Share, by Platform, 2020 (%)

FIGURE 9 Global Space Electronics Market, by Platform, 2020–2027 (USD Million)

FIGURE 10 Global Space Electronics Market Share, by Subsystem, 2020 (%)

FIGURE 11 Global Space Electronics Market, by Subsystem, 2020–2027 (USD Million)

FIGURE 12 Global Space Electronics Market Share, by Component, 2020 (%)

FIGURE 13 Global Space Electronics Market, by Component, 2020–2027 (USD Million)

FIGURE 14 Global Space Electronics Market Share, by Product, 2020 (%)

FIGURE 15 Global Space Electronics Market, by Product, 2020–2027 (USD Million)

FIGURE 16 Global Space Electronics Market Share (%), by Region, 2020

FIGURE 17 Global Space Electronics Market, by Region, 2020–2027 (USD Million)

FIGURE 18 North America: Space Electronics Market Share (%), 2020

FIGURE 19 North America: Space Electronics Market, by Country, 2020–2027 (USD Million)

FIGURE 20 Europe: Space Electronics Market Share (%), 2020

FIGURE 21 Europe: Space Electronics Market, by Country, 2020–2027 (USD Million)

FIGURE 22 Asia-Pacific: Space Electronics Market Share (%), 2020

FIGURE 23 Asia-Pacific: Space Electronics Market, by Country, 2020–2027 (USD Million)

FIGURE 24 Rest of the World: Space Electronics Market Share (%), 2020

FIGURE 25 Rest of the World: Space Electronics Market, by Region, 2020–2027 (USD Million)