Global Space Electronics Market are by platform type (satellite, launch vehicle), by component type (discrete semiconductors, optoelectronics, integrated circuits), by subsystem type (electrical power subsystem, attitude & orbital control subsystem, telemetry, tracking & command subsystem, communication subsystem), by product type (radiation-hardened and radiation-tolerant).Region-wise (North America, Europe, Asia Pacific, Middle East & Africa, and Latin America) is expected to reach US$ 18, 90.0Mn by 2026, at a CAGR of 5.3% during a forecast period.
Space electronics is a complex place, especially when it comes to electronic components like microprocessors, solid-state memory, and network interfaces. Modern electronic components were not designed to drive in a radiation environment. Major driver of the space electronic market is the growing production of satellites especially the small satellites is driving the global space electronics market.
Radiation-hardened segments is dominating global space electronics market.
One of the most mutual is to harden for total-ionizing-dose radiation – or the amount of radiation the device is expected to withstand for its entire life before problems occur. A usual requirement is for 100 kilorads of total-dose radiation hardness. Now a days radiation-hardened space processors typically are single-processor systems based on existing commercial or military computers. They drive at maximum required throughput, fault tolerance, and power levels.
Integrated circuits are expected to remain the most dominant component type in the global space electronics market
Increasing demand for electronics that are smaller in size and lighter in weight and consume lesser power (reduced SWaP), is the driving force of integrated circuits in the global space electronics market.
The North America has largest market share for global space electronics market during forecast period.
North America is expected to continue the largest space electronics market during the forecast period and is also expected to experience the highest growth during same period. The NASA, the largest space agency in the world, which is largely involved in space-related activities is in the USA.
Key players operating on the global space electronics market are, BAE Systems Plc., Cobham Plc., Honeywell International Inc., Microsemi Corporation, and Texas Instruments, HEICO Corporation, ON Semiconductor, ST Microelectronics N.V., Teledyne e2v, TT Electronics Plc., Xilinx Inc.
Maximize market research, a Global market research firm with a dedicated team of specialists and data has carried out extensive research about the global space electronics market. The report encompasses the market by different segments and region, providing an in-depth analysis of the overall industry ecosystem, useful for making an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the global space electronics market. The driving forces, as well as considerable restraints, have been explained in depth. in addition to this, competitive landscape describing the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain global space electronics market positioning of competitors.
Browse the market data Tables and Figures spread through a comprehensive research report and in-depth TOC on “Global Space Electronics Market”
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