ID: MRFR/A&D/6115-HCR | August 2022 | Region: Global | 133 Pages
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. Porterβs 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, 2020β2027
7.2.2. Market Estimates & Forecast, by Region, 2020β2027
7.3. Launch Vehicles
7.3.1. Market Estimates & Forecast, 2020β2027
7.3.2. Market Estimates & Forecast, by Region, 2020β2027
7.4. Others
7.4.1. Market Estimates & Forecast, 2020β2027
7.4.2. Market Estimates & Forecast, by Region, 2020β2027
8. Global Space Electronics Market, by Component
8.1. Introduction
8.2. Discrete Semiconductors
8.2.1. Market Estimates & Forecast, 2020β2027
8.2.2. Market Estimates & Forecast, by Region, 2020β2027
8.3. Optoelectronics
8.3.1. Market Estimates & Forecast, 2020β2027
8.3.2. Market Estimates & Forecast, by Region, 2020β2027
8.4. Integrated Circuits
8.4.1. Market Estimates & Forecast, 2020β2027
8.4.2. Market Estimates & Forecast, by Region, 2020β2027
8.5. Others
8.5.1. Market Estimates & Forecast, 2020β2027
8.5.2. Market Estimates & Forecast, by Region, 2020β2027
9. Global Space Electronics Market, by Subsystem
9.1. Introduction
9.2. Structural Subsystem
9.2.1. Market Estimates & Forecast, 2020β2027
9.2.2. Market Estimates & Forecast, by Region, 2020β2027
9.3. Telemetry Subsystem
9.3.1. Market Estimates & Forecast, 2020β2027
9.3.2. Market Estimates & Forecast, by Region, 2020β2027
9.4. Tracking & Command Subsystem
9.4.1. Market Estimates & Forecast, 2020β2027
9.4.2. Market Estimates & Forecast, by Region, 2020β2027
9.5. Electric Power & Distribution Subsystem
9.5.1. Market Estimates & Forecast, 2020β2027
9.5.2. Market Estimates & Forecast, by Region, 2020β2027
9.6. Thermal Control Subsystem
9.6.1. Market Estimates & Forecast, 2020β2027
9.6.2. Market Estimates & Forecast, by Region, 2020β2027
9.7. Attitude & Velocity Control Subsystem
9.7.1. Market Estimates & Forecast, 2020β2027
9.7.2. Market Estimates & Forecast, by Region, 2020β2027
10. Global Space Electronics Market, by Product
10.1. Introduction
10.2. Radiation-Hardened
10.2.1. Market Estimates & Forecast, 2020β2027
10.2.2. Market Estimates & Forecast, by Region, 2020β2027
10.3. Radiation-Tolerant
10.3.1. Market Estimates & Forecast, 2020β2027
10.3.2. Market Estimates & Forecast, by Region, 2020β2027
11. Global Space Electronics Market, by Region
11.1. Introduction
11.2. North America
11.2.1. Market Estimates & Forecast, by Country, 2020β2027
11.2.2. Market Estimates & Forecast, by Platform, 2020β2027
11.2.3. Market Estimates & Forecast, by Component, 2020β2027
11.2.4. Market Estimates & Forecast, by Subsystem, 2020β2027
11.2.5. Market Estimates & Forecast, by Product, 2020β2027
11.2.6. US
11.2.6.1. Market Estimates & Forecast, by Platform, 2020β2027
11.2.6.2. Market Estimates & Forecast, by Component, 2020β2027
11.2.6.3. Market Estimates & Forecast, by Subsystem, 2020β2027
11.2.6.4. Market Estimates & Forecast, by Product, 2020β2027
11.2.7. Canada
11.2.7.1. Market Estimates & Forecast, by Platform, 2020β2027
11.2.7.2. Market Estimates & Forecast, by Component, 2020β2027
11.2.7.3. Market Estimates & Forecast, by Subsystem, 2020β2027
11.2.7.4. Market Estimates & Forecast, by Product, 2020β2027
11.3. Europe
11.3.1. Market Estimates & Forecast, by Country, 2020β2027
11.3.2. Market Estimates & Forecast, by Platform, 2020β2027
11.3.3. Market Estimates & Forecast, by Component, 2020β2027
11.3.4. Market Estimates & Forecast, by Subsystem, 2020β2027
11.3.5. Market Estimates & Forecast, by Product, 2020β2027
11.3.6. UK
11.3.6.1. Market Estimates & Forecast, by Platform, 2020β2027
11.3.6.2. Market Estimates & Forecast, by Component, 2020β2027
11.3.6.3. Market Estimates & Forecast, by Subsystem, 2020β2027
11.3.6.4. Market Estimates & Forecast, by Product, 2020β2027
11.3.7. Germany
11.3.7.1. Market Estimates & Forecast, by Platform, 2020β2027
11.3.7.2. Market Estimates & Forecast, by Component, 2020β2027
11.3.7.3. Market Estimates & Forecast, by Subsystem, 2020β2027
11.3.7.4. Market Estimates & Forecast, by Product, 2020β2027
11.3.8. France
11.3.8.1. Market Estimates & Forecast, by Platform, 2020β2027
11.3.8.2. Market Estimates & Forecast, by Component, 2020β2027
11.3.8.3. Market Estimates & Forecast, by Subsystem, 2020β2027
11.3.8.4. Market Estimates & Forecast, by Product, 2020β2027
11.3.9. Italy
11.3.9.1. Market Estimates & Forecast, by Platform, 2020β2027
11.3.9.2. Market Estimates & Forecast, by Component, 2020β2027
11.3.9.3. Market Estimates & Forecast, by Subsystem, 2020β2027
11.3.9.4. Market Estimates & Forecast, by Product, 2020β2027
11.3.10. Rest of Europe
11.3.10.1. Market Estimates & Forecast, by Platform, 2020β2027
11.3.10.2. Market Estimates & Forecast, by Component, 2020β2027
11.3.10.3. Market Estimates & Forecast, by Subsystem, 2020β2027
11.3.10.4. Market Estimates & Forecast, by Product, 2020β2027
11.4. Asia-Pacific
11.4.1. Market Estimates & Forecast, by Country, 2020β2027
11.4.2. Market Estimates & Forecast, by Platform, 2020β2027
11.4.3. Market Estimates & Forecast, by Component, 2020β2027
11.4.4. Market Estimates & Forecast, by Subsystem, 2020β2027
11.4.5. Market Estimates & Forecast, by Product, 2020β2027
11.4.6. China
11.4.6.1. Market Estimates & Forecast, by Platform, 2020β2027
11.4.6.2. Market Estimates & Forecast, by Component, 2020β2027
11.4.6.3. Market Estimates & Forecast, by Subsystem, 2020β2027
11.4.6.4. Market Estimates & Forecast, by Product, 2020β2027
11.4.7. Japan
11.4.7.1. Market Estimates & Forecast, by Platform, 2020β2027
11.4.7.2. Market Estimates & Forecast, by Component, 2020β2027
11.4.7.3. Market Estimates & Forecast, by Subsystem, 2020β2027
11.4.7.4. Market Estimates & Forecast, by Product, 2020β2027
11.4.8. India
11.4.8.1. Market Estimates & Forecast, by Platform, 2020β2027
11.4.8.2. Market Estimates & Forecast, by Component, 2020β2027
11.4.8.3. Market Estimates & Forecast, by Subsystem, 2020β2027
11.4.8.4. Market Estimates & Forecast, by Product, 2020β2027
11.4.9. Australia
11.4.9.1. Market Estimates & Forecast, by Platform, 2020β2027
11.4.9.2. Market Estimates & Forecast, by Component, 2020β2027
11.4.9.3. Market Estimates & Forecast, by Subsystem, 2020β2027
11.4.9.4. Market Estimates & Forecast, by Product, 2020β2027
11.4.10. Rest of Asia-Pacific
11.4.10.1. Market Estimates & Forecast, by Size, 2020β2027
11.4.10.2. Market Estimates & Forecast, by Subsystem, 2020β2027
11.4.10.3. Market Estimates & Forecast, by Application, 2020β2027
11.4.10.4. Market Estimates & Forecast, by End User, 2020β2027
11.5. Rest of the World
11.5.1. Market Estimates & Forecast, by Region, 2020β2027
11.5.2. Market Estimates & Forecast, by Platform, 2020β2027
11.5.3. Market Estimates & Forecast, by Component, 2020β2027
11.5.4. Market Estimates & Forecast, by Subsystem, 2020β2027
11.5.5. Market Estimates & Forecast, by Product, 2020β2027
11.5.6. Middle East & Africa
11.5.6.1. Market Estimates & Forecast, by Platform, 2020β2027
11.5.6.2. Market Estimates & Forecast, by Component, 2020β2027
11.5.6.3. Market Estimates & Forecast, by Subsystem, 2020β2027
11.5.6.4. Market Estimates & Forecast, by Product, 2020β2027
11.5.7. Latin America
11.5.7.1. Market Estimates & Forecast, by Platform, 2020β2027
11.5.7.2. Market Estimates & Forecast, by Component, 2020β2027
11.5.7.3. Market Estimates & Forecast, by Subsystem, 2020β2027
11.5.7.4. Market Estimates & Forecast, by Product, 2020β2027
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.
β
List of Tables
Table 1 Global Space Electronics Market, by Region, 2020β2027
Table 2 North America: Space Electronics Market, by Country, 2020β2027
Table 3 Europe: Space Electronics Market, by Country, 2020β2027
Table 4 Asia-Pacific: Space Electronics Market, by Country, 2020β2027
Table 5 Rest of the World: Space Electronics Market, by Region, 2020β2027
Table 6 Global Space Electronics Market Size, by Region, 2020β2027
Table 7 North America: Space Electronics Market Size, by Country, 2020β2027
Table 8 Europe: Space Electronics Market Size, by Country, 2020β2027
Table 9 Asia-Pacific: Space Electronics Market Size, by Country, 2020β2027
Table 10 Rest of the World: Space Electronics Market Size, by Region, 2020β2027
Table 11 Global Space Electronics, Subsystem Market, by Region, 2020β2027
Table 12 North America: Space Electronics, Subsystem Market, by Country, 2020β2027
Table 13 Europe: Space Electronics, Subsystem Market, by Country, 2020β2027
Table 14 Asia-Pacific: Space Electronics, Subsystem Market, by Country, 2020β2027
Table 15 Rest of the World: Space Electronics, Subsystem Market, by Region, 2020β2027
Table 16 Global Space Electronics, Application Market, by Region, 2020β2027
Table 17 North America: Space Electronics, Application Market, by Country, 2020β2027
Table 18 Europe: Space Electronics, Application Market, by Country, 2020β2027
Table 19 Asia-Pacific: Space Electronics, Application Market, by Country, 2020β2027
Table 20 Rest of the World: Space Electronics, Application Market, by Region, 2020β2027
Table 21 Global Space Electronics, End User Market, by Region, 2020β2027
Table 22 North America: Space Electronics, End User Market, by Country, 2020β2027
Table 23 Europe: Space Electronics, End User Market, by Country, 2020β2027
Table 24 Asia-Pacific: Space Electronics, End User Market, by Country, 2020β2027
Table 25 Rest of the World: Space Electronics, End User Market, by Region, 2020β2027
Table 26 Global Space Electronics Market, by Region, 2020β2027
Table 27 Global Space Electronics Market, by Platform, 2020β2027
Table 28 Global Space Electronics Market, by Component, 2020β2027
Table 29 Global Space Electronics Market, by Subsystem, 2020β2027
Table 30 Global Space Electronics Market, by Product, 2020β2027
Table 31 North America: Space Electronics Market, by Country, 2020β2027
Table 32 North America: Space Electronics Market, by Platform, 2020β2027
Table 33 North America: Space Electronics Market, by Component, 2020β2027
Table 34 North America: Space Electronics Market, by Subsystem, 2020β2027
Table 35 North America: Space Electronics Market, by Product, 2020β2027
Table 36 Europe: Space Electronics Market, by Country, 2020β2027
Table 37 Europe: Space Electronics Market, by Platform, 2020β2027
Table 38 Europe: Space Electronics Market, by Component, 2020β2027
Table 39 Europe: Space Electronics Market, by Subsystem, 2020β2027
Table 40 Europe: Space Electronics Market, by Product, 2020β2027
Table 41 Asia-Pacific: Space Electronics Market, by Country, 2020β2027
Table 42 Asia-Pacific: Space Electronics Market, by Platform, 2020β2027
Table 43 Asia-Pacific: Space Electronics Market, by Component, 2020β2027
Table 44 Asia-Pacific: Space Electronics Market, by Subsystem, 2020β2027
Table 45 Asia-Pacific: Space Electronics Market, by Product, 2020β2027
Table 46 Rest of the World: Space Electronics Market, by Region, 2020β2027
Table 47 Rest of the World: Space Electronics Market, by Platform, 2020β2027
Table 48 Rest of the World: Space Electronics Market, by Component, 2020β2027
Table 49 Rest of the World: Space Electronics Market, by Subsystem, 2020β2027
Table 50 Rest of the World: Space Electronics Market, by Product, 2020β2027
β
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, 2020β2027 (USD Million)
FIGURE 10 Global Space Electronics Market Share, by Subsystem, 2020 (%)
FIGURE 11 Global Space Electronics Market, by Subsystem, 2020β2027 (USD Million)
FIGURE 12 Global Space Electronics Market Share, by Component, 2020 (%)
FIGURE 13 Global Space Electronics Market, by Component, 2020β2027 (USD Million)
FIGURE 14 Global Space Electronics Market Share, by Product, 2020 (%)
FIGURE 15 Global Space Electronics Market, by Product, 2020β2027 (USD Million)
FIGURE 16 Global Space Electronics Market Share (%), by Region, 2020
FIGURE 17 Global Space Electronics Market, by Region, 2020β2027 (USD Million)
FIGURE 18 North America: Space Electronics Market Share (%), 2020
FIGURE 19 North America: Space Electronics Market, by Country, 2020β2027 (USD Million)
FIGURE 20 Europe: Space Electronics Market Share (%), 2020
FIGURE 21 Europe: Space Electronics Market, by Country, 2020β2027 (USD Million)
FIGURE 22 Asia-Pacific: Space Electronics Market Share (%), 2020
FIGURE 23 Asia-Pacific: Space Electronics Market, by Country, 2020β2027 (USD Million)
FIGURE 24 Rest of the World: Space Electronics Market Share (%), 2020
FIGURE 25 Rest of the World: Space Electronics Market, by Region, 2020β2027 (USD Million)
$1.6 Billion
5.4%
North America
2021-2030
Space Electronics Market Overview
Submarine Market is projected to reach $ 1.6 Billion by 2030, registering a CAGR of 5.4% During 2021-2030
You must know that the space business is a biological system of organizations and the scholarly community that depends on space-based advances and information. Expanding speculations by different governments in space projects are pushing Space Electronics Market development in the forecasted period. Be that as it may, the cruel natural conditions of space apparatus, such as excessive temperatures and an essentially expanded danger of radiation harm, represent a genuine test to advertise players.
The COVID-19 has influenced economies and enterprises in different nations because of lockdowns, travel boycotts, and business closures. Closure of different plants and industrial facilities has influenced the worldwide stockpile chains and contrarily affected the assembling, conveyance timetables, and deals of items worldwide. Few organizations have effectively declared potential postponements in item conveyances and droop in later deals of their items; likewise, the worldwide travel boycotts forced by nations in Europe, Asia-Pacific, and North America influence joint business efforts and organizations' opportunities. The Space Electronics Market is also affected in a great manner due to the Covid-19 situation.
Market Dynamics
The major drivers in the Space Electronics Market are significant Investment in Satellite Manufacturing and mechanical Advancement in Microprocessors and FPGAs. These drivers are helping in the growth and development of the market in the forecasted period.
The significant expense associated with the design and development of space electronic products and challenges in creating a real testing environment for radiation-hardened electronics is hampering the growth and development of the Space Electronics Market in the forecasted period. These challenges must be properly addressed to help in properly maintaining the market situation.
The reception of new material to manufacture space electronics and expanding demand for reconfigurable satellite payloads effectively offers great opportunities in the market. These opportunities are paving new options for the market players to enhance their growth.
The Space Electronics Market development is driven by angles, like huge interest in satellite assembling, innovative progression in microchips and FPGAs, and the worldwide launch vehicle industry development. Notwithstanding, factors, for example, significant expense related to the plan and advancement of room and troubles in establishing a genuine testing climate for radiation-solidified hardware, are hampering the general market development. The Space Electronics Market is expected to grow at an effective rate in the forecasted period due to the advance and updated technologies development in the market for Space electronics.
Market Segmentation
The Space Electronics Market has been divided into satellites, dispatch vehicles, and others based on the Platform. The satellites section is relied upon to stay the biggest portion of the worldwide space hardware market during the conjecture time frame. Expanding investment of business space organizations in the satellite environment, like Space X, OneWeb Satellites, and Sky and Space Global Ltd, and the normal dispatch of more than 4,000 satellites somewhere in the range of 2020 and 2025 are relied upon to drive the development of the satellites fragment in the years to come.
The Space Electronics Market has been portioned into discrete semiconductors, optoelectronics, incorporated circuits, and others based on component type. The incorporated circuits fragment is relied upon to be the biggest during the conjecture time frame. The expanding interest for little and lightweight hardware that burn-through less force is driving the development of the incorporated circuit's portion of the worldwide Space Electronics Market in the forecasted period of 2020-2025.
Based on product type, the Space Electronics Market has been divided into radiation-solidified hardware and radiation-lenient hardware. The radiation-lenient portion is probably going to observe a higher development rate during the conjecture time frame because of the expanding interest for business off-the-rack (COTS) parts, definitely lower dispatch costs by business space organizations, and the developing interest for little satellites, particularly for earth perception, correspondence, and systems administration applications.
Based on region, the Space Electronics Market is divided into different parts like North America, Europe, Asia-Pacific, and the rest of the world. Among the other regions, the North American region is relied upon to stay in the biggest space hardware market during the conjecture time frame. It is additionally expected to enroll the most elevated development rate in the Space Electronics Market. The presence of NASA, the biggest space office on the planet, in the US, alongside the section of business space organizations, like Space X, is moving the development of the regional Space Electronics market.
Market Segmentation
The Space Electronics Market has been divided into satellites, dispatch vehicles, and others based on the Platform. The satellites section is relied upon to stay the biggest portion of the worldwide space hardware market during the conjecture time frame. Expanding investment of business space organizations in the satellite environment, like Space X, OneWeb Satellites, and Sky and Space Global Ltd, and the normal dispatch of more than 4,000 satellites somewhere in the range of 2020 and 2025 are relied upon to drive the development of the satellites fragment in the years to come.
The Space Electronics Market has been portioned into discrete semiconductors, optoelectronics, incorporated circuits, and others based on component type. The incorporated circuits fragment is relied upon to be the biggest during the conjecture time frame. The expanding interest for little and lightweight hardware that burn-through less force is driving the development of the incorporated circuit's portion of the worldwide market in the forecasted period of 2020-2025.
Based on product type, the Space Electronics Market has been divided into radiation-solidified hardware and radiation-lenient hardware. The radiation-lenient portion is probably going to observe a higher development rate during the conjecture time frame because of the expanding interest for business off-the-rack (COTS) parts, definitely lower dispatch costs by business space organizations, and the developing interest for little satellites, particularly for earth perception, correspondence, and systems administration applications.
Based on region, the Space Electronics Market is divided into different parts like North America, Europe, Asia-Pacific, and the rest of the world. Among the other regions, the North American region is relied upon to stay in the biggest space hardware market during the conjecture time frame. It is additionally expected to enroll the most elevated development rate in the Space Electronics Market. The presence of NASA, the biggest space office on the planet, in the US, alongside the section of business space organizations, like Space X, is moving the development of the regional market.
Key Market Players
Major players of the Space Electronics Market are mentioned below:-
Regional Analysis
According to the regional analysis of the market, North America is relied upon to stay the biggest space electronics market during the gauge time frame and is additionally expected to encounter the most noteworthy development during a similar period. Europe and Asia-Pacific are likewise liable to offer valuable development opportunities to showcase players in the coming years. India, China, & Russia are relied upon to be the significant development supporters of the Space Electronics Market in the years to come. The growing creation of satellites, especially the little moons, brings about the high-speed development of the space hardware market in APAC. The rising association of nations like India and China in space exercises reinforces the Space Electronics Market development. Mechanical headways for item advancement in space exercises will likewise guarantee significant market development in the district in the years to come.
Market Development
Market Report Overview
The report highlights the global market Growth development includes its revenue hike's growth potential by the end of the forecast years in 2030
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.