The Business Research Company’s Space Electronics Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Space Electronics Global Market Report 2023 evaluates space electronics market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global space electronics market size is expected to grow from $2.32 billion in 2022 to $2.49 billion in 2023 at a compound annual growth rate (CAGR) of 7.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The space electronics market size is expected to grow to $3.21 billion in 2027 at a CAGR of 6.6%.
The space electronics market segments in the report are:
Space Electronics Market By Type :
Radiation Hardened
Radiation Tolerant
Space Electronics Market By Component :
Microprocessors And Controllers
Sensors
Application-Specific Integrated Circuits
Memory Chips
Power Source Cables
Discrete Semiconductors
Other Components
Space Electronics Market By Platform :
Satellite
Launch Vehicles
Deep Space Probes
Space Electronics Market By Application :
Communication
Earth Observatio
Navigation
Global Positioning System (GPS)
Technology Development And Education
Other Applications
North America was the largest region in the space electronics market in 2022.
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The table of contents in TBRC’s space electronics market report includes:
1. Executive Summary
2. Space Electronics Market Characteristics
3. Space Electronics Market Trends And Strategies
4. Space Electronics Market - Macro Economic Scenario
5. Space Electronics Market Size And Growth
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26. Africa Space Electronics Market
27. Space Electronics Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Space Electronics Market
29. Space Electronics Market Future Outlook and Potential Analysis
30. Appendix
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This is largely due to high degree of radiations in the space environment.
Single-event effects (SEEs), Electrostatic discharge (ESD), total ionizing dose (TID), and cumulative radiation damage are the major concerns for the space electronics market.
The electronic components used in the space are either radiation hardened or radiation tolerant depending upon the mission.
The era of satellites particularly for earth observation began many years ago in 1957 with the launch of Sputnik 1 satellite, which was launched with a radio, thermometer and battery.
Satellites used to be of huge in size and with heavy payloads, however with the help of MCUs, the resultant electronic circuits become small in size and less complex along with consuming less power.
This resulted in the advent of small satellites, which is a major traction in the overall space industry currently.With a significant increase in satellite launches and launch vehicle industry, along with advancement in microprocessor and FPGA technologies, space electronic market has been witnessing robust growth.
