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
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
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)