openPR Logo
Press release

space semiconductor market Overview By Size, Share, Trends, Growth Factors, Historical Analysis, Opportunities and Industry Segments Poised for Rapid Growth by 2028

11-30-2021 09:21 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Fortune Business Insights

The global space semiconductor market size is expected to gain momentum by reaching USD 3.34 billion by 2028 while exhibiting a CAGR of 6.89% between 2021 to 2028. In its report titled “Space Semiconductor Market, 2021-2028,” Fortune Business Insight mentions that the market stood at USD 2.01 billion in 2020. The increasing space research and development activities in emerging economies in recent years is expected to generate traction. Moreover, the increasing investment in space exploration programs by the government and private organizations is expected to boost the market growth during the forecast period. For instance, in 2021, the U.S. government assigned around USD 23.3 billion for NASA. This has increased by 3 % as compared to last year, and proposed.
Get Request a Sample PDF Brochure:
https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/space-semiconductor-market-105223
COVID-19 Impact
The ongoing COVID-19 pandemic situation has adversely impacted the market. As, there was disruption in supply chain. This led to slow operations of market players, thereby resulting halt of many ongoing projects. Moreover, due to COVID several launches were delayed and many governments reduced the budget to manage the COVID emergency. However, the market is expected to revive during the forecast period.
Market Segmentation:
By type the market is divided into radiation hardened grade, radiation tolerant grade, and others. By component the market is segmented into integrated circuits, discrete semiconductors devices, optical device, microprocessor, memory, sensors, and others. By application it is divided into satellite, launch vehicles, deep space probe, and rovers and landers. Finally, based on region, the market is categorized into North America, Europe, Asia Pacific, the Middle East & Africa and Rest of the World.
What does the Report Provide?
This market report provides a detailed analysis of several factors such as the key drivers and restraints that will impact growth. Additionally, the report provides insights into the regional analysis that covers different regions, contributing to the growth of the market. It includes the competitive landscape that involves the leading companies and the adoption of strategies to introduce new products, announce partnerships, and collaboration to contribute to the market growth.
Driving Factor
Development of Radiation Tolerant Grade Semiconductor to Fuel Market Growth
The focus on development of radiation-hardened grade and radiation tolerant grade semiconductor solutions by companies such as Teledyne Technologies Incorporated, Texas Instruments Incorporated, Infineon Technologies AG, Microchip Technology Inc. (Microsemi Corporation), and TE Connectivity is expected to promote the space semiconductor market growth. For instance, in June 2021, Microchip Technology Inc. launched its novel GMICP2731-10 GaN MMIC power amplifier using GaN-On-Silicon Carbide (SiC) technology and ideally for satellite terminals. This new technology helps in maintaining signal fidelity by allowing Earth stations to transmit at high RF levels without compromising the quality of the signal.
Get Customized PDF Reports: -
https://www.fortunebusinessinsights.com/enquiry/customization/space-semiconductor-market-105223
Regional Insights
North America to Dominate Backed by Presence of Commercial Space Organizations
North America is expected to remain at the forefront and hold the highest position market during the forecast period. This is attributable to involvement of NASA in numerous space-related operations in the United States. Moreover, presence of commercial space organizations such as Space have fueled the regional market. The region’s market stood at USD 0.86 billion in 2020.
Europe is expected to show significant space semiconductor market share owing to the active involvement of European Space Agency in development of of next-generation space materials and components.
Competitive Landscape
Key Players to Focus on New Launches to Strengthen their Market Prospectus
The global market for space semiconductor devices contains a large number of prominent companies that are constantly trying to develop unique devices to cater to the demand from patients across the globe. To do so, they are joining hands with local or reputed firms, launching new solutions to strengthen their portfolio in the market. Below is a recent industry development:
• May 2021 – Infineon Technologies AG launched its next-generation radiation-hardened 144Mbit QDR-II+ SRAM for radar, onboard data processing, and networking applications in space. This new technology is QML-V, certified. It is the highest quality and reliability standard certification for aerospace-grade ICs.
List of Key Players Profiled in Report
• Teledyne Technologies Incorporated (U.S.)
• Infineon Technologies AG (Germany)
• Texas Instruments Incorporated (U.S.)
• Microchip Technology Inc. (U.S.)
• Cobham Advanced Electronic Solutions Inc. (U.K.)
• STMicroelectronics International N.V. (Switzerland)
• Solid State Devices Inc. (U.S.)
• Honeywell International Inc. (U.S.)
• Xilinx Inc. (U.S.)
• BAE System Plc (U.K.)
• TE Connectivity (Switzerland)

Fortune Business Insights™ Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune-Bangalore Highway,
Pune - 411045, Maharashtra, India.

Phone:
US: +1 424 253 0390
UK: +44 2071 939123
APAC: +91 744 740 1245
Email: sales@fortunebusinessinsights.com

Fortune Business Insights™
LinkedIn | Twitter | Blogs

Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release space semiconductor market Overview By Size, Share, Trends, Growth Factors, Historical Analysis, Opportunities and Industry Segments Poised for Rapid Growth by 2028 here

News-ID: 2479245 • Views:

More Releases from Fortune Business Insights

Reverse Flame Steam Boiler Market 2023 Dynamics, Major Players, SWOT Analysis, a …
Overview of the Global Reverse Flame Steam Boiler Market 2030: The report discusses everything a marketer requires before investing in the global Reverse Flame Steam Boiler Market during the forecast period 2023-2030. Reverse Flame Steam Boiler Market Size, Share And Global Trend By Capacity (Up to 100kW, 100-1000 kW, Above 1000 kW), By End-Use (Food Industry, Chemical Industry, Refineries, Metal Industry, Power Plant), And Geography Forecast Till 2022-2029. It provides detailed
Syngas and Derivatives Market Research Analysis, Size, Share, Growth Highlights …
Overview of the Global Syngas and Derivatives Market 2030: The report discusses everything a marketer requires before investing in the global Syngas and Derivatives Market during the forecast period 2023-2030. Syngas and Derivatives Market Size, Share and Global Trend By Feedstock(Coal, Petroleum, Natural Gas, Biomass), By Technology(Partial Oxidation, Steam Reforming, Auto-Thermal Reforming, and others), By End User(Chemicals, Power Generation, Liquid Fuels, Gaseous Fuels), and Geography Forecast till 2022-2029. It provides detailed
Port equipment Market Will Experience An Upswing In Demand, Driven By Top Players | Liebherr (Switzerland), TTS Group (Norway), Kalmar (Finland) Konecranes (Finland) |
Port equipment Market Will Experience An Upswing In Demand, Driven By Top Player …
The Port equipment Market Research Report provides an in-depth analysis of the market landscape and identifies future growth opportunities and trends until 2030. By offering valuable insights, the report enables companies to make informed decisions on business strategies and identify potential areas for growth. With a comprehensive assessment of the market, it equips businesses with the necessary tools to stay ahead of the competition. With this Port equipment Market research report,
Modular Chillers Market to reach USD 6.13 billion by 2026, at a CARG of 6.2% | LG Electronics, Mitsubishi Electric Corporation , Haier Group, Midea Group
Modular Chillers Market to reach USD 6.13 billion by 2026, at a CARG of 6.2% | L …
The Modular Chillers Market Report 2023 by Fortune Business Insights provides a comprehensive overview of the market's latest trends, size, regulations, key players, and strategies. The report offers valuable insights into the market's sales and revenue, product type, applications, regions, and leading players. Modular Chillers Market report also covers key players and competitor analysis, providing a comprehensive understanding of the industry's commercial landscape. The report is useful for gaining insights

All 5 Releases


More Releases for Insight

Coronary Stents Market Evolving Opportunities with Latest Market Insight 2025 | …
The Insight Partners market research study titled 'Coronary Stents Market to 2025 - Global Analysis and Forecasts by Type, by Absorption Rate, by Material, and End-Users, the global coronary stents market was valued at US$ 7,619.4 Mn in 2017 and is estimated to reach US$ 13,879.0 Mn by 2025. The key players operating in the field of Coronary Stents worldwide include Microport Scientific Corporation, Medtronic PLC, Biosensors International Group, Ltd., Abbott
Market Growth Insight
New Study On PET Back Sheet Market: According to the ‘Market Growth Insight’, the PET Back Sheet market is anticipated to be estimated at USD XX billion along with CAGR of XX% over the forecast period 2020 - 2025. The PET Back Sheet study contains details on various segments of the market including product, grade, and application. The Global PET Back Sheet Market Report offered key insights on each of these
The Insight Partners
A complete Cholesterol Testing Market - also called a lipid panel or lipid profile - is a blood test that can measure the amount of cholesterol and triglycerides in your blood. A cholesterol test can help determine your risk of the buildup of plaques in your arteries that can lead to narrowed or blocked arteries throughout your body (atherosclerosis).High cholesterol levels usually don't cause any signs or symptoms, so a
Google AdWords Auction Insight - The Most Insightful Insight Tool In Sight?
Have you always wondered how the campaigns and ad groups within your Google AdWords account fair against your competitors? Are you curious to know which companies are competing for your chosen keywords and who is doing better? If the answer is yes, then let Media Lounge introduce to you to a lovely little tool that has been hidden under your nose all this time! Ladies and gentleman, a warm welcome to
Infrastructure Insight: Malaysia
MarketResearchReports.Biz presents this most up-to-date research on "Infrastructure Insight: Malaysia" Description This report provides a detailed look into the infrastructure sector in Malaysia, including analysis of the state of the current infrastructure, the regulatory and financing landscapes and the major projects in the construction pipeline. The report covers all key infrastructure sectors: roads, railways, electricity and power, water and sewerage, communication, and airports and ports. Summary Malaysia is expected to see some of the fastest
America's Insight-Road and Rail Construction Projects: Market Research Report An …
A latest research report titled as ”America's Insight-Road and Rail Construction Projects: Market Research Report And Industry Insight” has been recently added to the vast portfolio of Market Research Hub (MRH) online research offerings. This report is a professional and in-depth analysis on the present state and future prospect for the global market. It provides valuable information to the industry insiders, potential entrants or investors. It includes an exhaustive enquiry