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Global Space Electronics Market Size, Price, Trends, Forecast: By Type: Radiation Hardened, Radiation Tolerant; By Component: Microprocessors and Controllers, Sensors, Application Specific Integrated Circuits (ASIC), Memory Chips, Others; By Platform; By Application; Regional Analysis; Market Dynamics; Competitive Landscape; 2024-2032
Global Space Electronics Market Outlook
The global space electronics market size reached approximately USD 3.44 billion in 2023. The market is further projected to grow at a CAGR of 5.2% between 2024 and 2032, reaching a value of USD 5.43 billion by 2032.
Key Trends in the Market
Space electronics, also termed as astrionics, refers to the science and technology involved in the development and application of electric components, systems, and subsystems utilised in space. They are specially designed for use in satellites, exploration, and spacecraft, among other space related applications.
- The miniaturisation and weight reduction in space electronics is increasing with the surge in complexity of space exploration programmes. These requirements are fuelling the advancements in space technology and aiding the market expansion.
- Major public and private organisations are investing in space ventures for launching and establishing a communication satellite constellation in LEO. This, in turn, is augmenting the global space electronics market growth.
- The demand from various governments and civil military domains for space electronic equipment is rising owing to their increasing applications in communication, weather forecasting, global positioning system and surveillance, among others.
Market Analysis
Based on type, the market is bifurcated into radiation hardened and radiation tolerant. On the basis of component, the market is divided into microprocessors and controllers, sensors, application specific integrated circuits (ASIC), memory chips, power source and cables, and discrete semiconductors, among others. By platform, the space electronics market segmentation includes satellite, launch vehicles, and deep space probes.
On the basis of application, the market is categorised into communication, earth observation, navigation, global positioning system (GPS) and surveillance, and technology development and education, among others. Based on region, the market is divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global space electronics market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
- BAE Systems plc
- Cobham Limited
- Honeywell International Inc.
- Microchip Technology Inc.
- STMicroelectronics N.V
- Teledyne Technologies Incorporated
- Space Electronics
- TT Electronics PLC
- Advanced Micro Devices, Inc
- Others
Market Share by Type
According to the global space electronics market analysis, radiation tolerant electronics is anticipated to observe a rapid demand in the forecast period due to their ability to resist higher radiation levels in harsh environments, including space. They have been successfully tested, ensuring the preparedness of devices. They are capable of reducing the launch time which may result in reduced launch cost. Moreover, their high-speed signal processing, high reliability, and compact packaging for command-and-control applications, along with the growing focus on smaller-sized satellites and reducing satellite launch costs, is favouring the growth of the radiation tolerant electronics segment.
Market Share by Region
The North American region accounts for a significant space electronics market share owing to the rising investments by the US government in advanced space electronics in order to enhance the quality and effectiveness of deep space exploration and satellite communications. Additionally, the modernisation of existing communications in law enforcement agencies, critical infrastructure, and military platforms are key factors that are further fuelling the space electronics market demand in North America.
Competitive Landscape
BAE Systems plc was founded in 1999 and is headquartered in Farnborough, United Kingdom. It is an aerospace company that provides advanced, technology-led defence, security, and aerospace solutions.
Cobham Limited is an aerospace company that was founded in 1934. It is headquartered in Wimborne Minster, United Kingdom and is known for manufacturing products including aviation oxygen systems, rescue and navigation lights, refuelling equipment, and weapon system containers.
Honeywell International Inc. was established in 1964 and has its headquarters located in North Carolina, United States. The electronics manufacturing company is involved in the development of appliances and technologies with an aim to provide safety, security, and energy to the consumers.
Other market players include Microchip Technology Inc., STMicroelectronics N.V, Teledyne Technologies Incorporated, Space Electronics, TT Electronics PLC, and Advanced Micro Devices, Inc, among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Component |
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| Breakup by Platform |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Space Electronics Market Analysis
8.1 Key Industry Highlights
8.2 Global Space Electronics Historical Market (2018-2023)
8.3 Global Space Electronics Market Forecast (2024-2032)
8.4 Global Space Electronics Market by Type
8.4.1 Radiation Hardened
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Radiation Tolerant
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.5 Global Space Electronics Market by Component
8.5.1 Microprocessors and Controllers
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Sensors
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Application Specific Integrated Circuits (ASIC)
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Memory Chips
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Power Source and Cables
8.5.5.1 Historical Trend (2018-2023)
8.5.5.2 Forecast Trend (2024-2032)
8.5.6 Discrete Semiconductors
8.5.6.1 Historical Trend (2018-2023)
8.5.6.2 Forecast Trend (2024-2032)
8.5.7 Others
8.6 Global Space Electronics Market by Platform
8.6.1 Satellite
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Launch Vehicles
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Deep Space Probes
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.7 Global Space Electronics Market by Application
8.7.1 Communication
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Earth Observation
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Navigation, Global Positioning System (GPS) and Surveillance
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Technology Development and Education
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Others
8.8 Global Space Electronics Market by Region
8.8.1 North America
8.8.1.1 Historical Trend (2018-2023)
8.8.1.2 Forecast Trend (2024-2032)
8.8.2 Europe
8.8.2.1 Historical Trend (2018-2023)
8.8.2.2 Forecast Trend (2024-2032)
8.8.3 Asia Pacific
8.8.3.1 Historical Trend (2018-2023)
8.8.3.2 Forecast Trend (2024-2032)
8.8.4 Latin America
8.8.4.1 Historical Trend (2018-2023)
8.8.4.2 Forecast Trend (2024-2032)
8.8.5 Middle East and Africa
8.8.5.1 Historical Trend (2018-2023)
8.8.5.2 Forecast Trend (2024-2032)
9 North America Space Electronics Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Space Electronics Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Space Electronics Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Space Electronics Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Space Electronics Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 BAE Systems plc
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Cobham Limited
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Honeywell International Inc.
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Microchip Technology Inc.
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 STMicroelectronics N.V
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Teledyne Technologies Incorporated
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Space Electronics
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 TT Electronics PLC
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Advanced Micro Devices, Inc
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Space Electronics Market: Key Industry Highlights, 2018 and 2032
2. Global Space Electronics Historical Market: Breakup by Type (USD Billion), 2018-2023
3. Global Space Electronics Market Forecast: Breakup by Type (USD Billion), 2024-2032
4. Global Space Electronics Historical Market: Breakup by Component (USD Billion), 2018-2023
5. Global Space Electronics Market Forecast: Breakup by Component (USD Billion), 2024-2032
6. Global Space Electronics Historical Market: Breakup by Platform (USD Billion), 2018-2023
7. Global Space Electronics Market Forecast: Breakup by Platform (USD Billion), 2024-2032
8. Global Space Electronics Historical Market: Breakup by Application (USD Billion), 2018-2023
9. Global Space Electronics Market Forecast: Breakup by Application (USD Billion), 2024-2032
10. Global Space Electronics Historical Market: Breakup by Region (USD Billion), 2018-2023
11. Global Space Electronics Market Forecast: Breakup by Region (USD Billion), 2024-2032
12. North America Space Electronics Historical Market: Breakup by Country (USD Billion), 2018-2023
13. North America Space Electronics Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Europe Space Electronics Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Europe Space Electronics Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Asia Pacific Space Electronics Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Asia Pacific Space Electronics Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Latin America Space Electronics Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Latin America Space Electronics Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Middle East and Africa Space Electronics Historical Market: Breakup by Country (USD Billion), 2018-2023
21. Middle East and Africa Space Electronics Market Forecast: Breakup by Country (USD Billion), 2024-2032
22. Global Space Electronics Market Structure
Key Questions Answered in the Report
The market reached a value of approximately USD 3.44 billion in 2023.
The market is projected to grow at a CAGR of 5.2% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 5.43 billion by 2032.
The key drivers of the market are technological advancements and modernisation of existing communication satellites.
The key trends of the market include miniaturisation and weight reduction in space electronics, increasing investments in space ventures, and rising demand from governments and civil military domains.
The types of space electronics include radiation hardened and radiation tolerant.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The key players considered in the space electronics market report are BAE Systems plc, Cobham Limited, Honeywell International Inc., Microchip Technology Inc., STMicroelectronics N.V, Teledyne Technologies Incorporated, Space Electronics, TT Electronics PLC, and Advanced Micro Devices, Inc, among others.
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