Global Space Electronics Market Research Report Covers Historical Market Trends, Current Market Dynamics, Market Valuation by Segmentation as Well as Region, Risk and Opportunity Assessment, Country-level Analysis for Every Segment, Key Player’s Market Share Analysis, Competitive Landscape and Supply Chain Analysis.
The global space electronics market has the potential to achieve a high growth rate of close to 6.53% during the forecast period (2018-2023), reveals the new report by Market Research Future (MRFR).
The top vendors shaping the worldwide space electronics market include BAE Systems PLC (UK), Heico Corporation (US), Xilinx Inc. (US), Microsemi Corporation (US), ON Semiconductor (US), ST Microelectronics NV (Switzerland), Texas Instruments (US), Honeywell International Inc. (US), TT Electronics PLC (UK), Cobham PLC (UK), Teledyne e2v (UK), to mention a few.
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Primary Drivers and Key Barriers
Small satellites hold immense potential for cost-effective and easy access to space. At present, small satellites make for a successful market, with a number of companies and space agencies planning to use them due to their lower launch cost as well as development time during a mission. As a result, advancements in electronic products along with the development of scalable electronic components with open standards as well as architectures, given the miniaturization of components, benefits the market.
The Space Electronics Market is shaped by a host of positive aspects, such as voluminous investment in satellite manufacturing combined with technological advancement in microprocessors and FPGAs. The booming worldwide launch vehicle industry is also working in favor of the space electronics market. Besides, regional expansion coupled with mergers & acquisitions are some effective strategies being adopted by renowned vendors to solidify their position in the market.
But the high cost associated with the development of space electronics can have a detrimental impact on the market growth in the coming years. Having said that, surging adoption of new material for manufacturing space electronics along with the soaring demand for reconfigurable satellite payloads will ensure that the market has a smooth run during the estimated period.
Market Segmentation
The primary segments as per which the space electronics market has been analyzed include component type, product type, and subsystem.
The component types include optoelectronics, discrete semiconductors, integrated circuits, and others. The integrated circuits segment is expected to lead the market from 2018 to 2023, thanks to the surging demand for electronics with a lower degree of SWaP.
Depending on the product type, the global space electronics market has been considered for radiation-tolerant electronics and radiation-hardened electronics. The radiation-tolerant segment is most likely to note a better growth rate compared to its counterpart, on account of soaring demand for commercial-off-the-shelf (COTS) components, lesser launch costs by commercial space companies, and the increasing demand for small satellites, especially for communication, networking, and earth observation applications.
The global space electronics market, with respect to subsystem, caters to telemetry, structural, electric power tracking and command, and distribution, thermal control, and the attitude and velocity control. The structural subsystem segment will have the best growth during the forecast period.
Regional Insight
Europe along with Asia Pacific (APAC), North America, and the rest of the world are the primary markets for space electronics. The report believes that North America can attain the top position in the global space electronics market and is also expected to achieve the fastest growth rate during the review period.
The market in North America is showing phenomenal growth, given the presence of NASA, which is the largest space agency in the world. The organization is largely involved in space-related activities, which boosts market demand in the region. Also, with new commercial space companies like Space X entering the market, the demand for space electronics is set to rise in the region. Moreover, considerable investments by the government in space projects benefit the regional market as well.
Europe is another significant market for space electronics, backed by the mounting demand for commercial-off-the-shelf components and small satellites. The lower launch costs offered by commercial space companies are one of the chief reasons behind the strong growth of the space electronics market in the region.
Growing production of satellites, particularly the small moons is resulting in the fast-paced growth of the space electronics market in APAC. Rising involvement of countries like India and China in space activities also bolsters market growth. Technological advancements for product innovation in space activities will also ensure considerable market growth in the region in the years to come.
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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
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
Continued……..
List of Tables
Table 1 Global Space Electronics Market, by Region, 2018–2023
Table 2 North America: Space Electronics Market, by Country, 2018–2023
Table 3 Europe: Space Electronics Market, by Country, 2018–2023
Table 4 Asia-pacific: Space Electronics Market, by Country, 2018–2023
Table 5 Rest of the World: Space Electronics Market, by Region, 2018–2023
Table 6 Global Space Electronics Market Size, by Region, 2018–2023
Table 7 North America: Space Electronics Market Size, by Country, 2018–2023
Continued…….
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
Continued………
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