openPR Logo
Press release

Space Semiconductor Market Analysis By Future Demand, Top Players, Size, Share, Opportunities, Revenue and Growth Rate Through 2028

04-13-2022 07:16 AM CET | Business, Economy, Finances, Banking & Insurance


Space Semiconductor Market Analysis By Future Demand, Top

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:

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: -

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)

Inquire Before Buying: -


Fortune Business Insights Pvt. Ltd.9th Floor, Icon Tower, Baner -

Mahalunge Road, Baner, Pune-411045,

Maharashtra, India.


US: +1 424 253 0390

UK: +44 2071 939123

APAC: +91 744 740 1245


About Us:

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

This release was published on openPR.

Permanent link to this press release:

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 Analysis By Future Demand, Top Players, Size, Share, Opportunities, Revenue and Growth Rate Through 2028 here

News-ID: 2601632 • Views: 216


Carbon Black Market price is expected to showcase considerable growth by reachin …
As Per Report Published By Fortune Business Insights™ the global carbon black market price is expected to showcase considerable growth by reaching USD 17,027.1 million by 2027 while exhibiting a CAGR of 4.4% between 2020 and 2027. This growth is attributed to the rising rubber industry and the increasing incidence of road fatalities that is propelling the demand for advanced carbon black globally. This information is published by Fortune
Document Capture Software Market Industry Analysis, Size, Share, Trends, Demand, …
The global document capture software market size is expected to gain momentum from the increasing demand for Software-as-a-service based documents and software solutions. An unpublished report by Fortune Business Insights titled, "Document Capture Software Market Size, Share & Industry Analysis, By Deployment (On-Premise, Cloud-Based), By Solution (Multiple-channel Capture, Cognitive Capture, Mobile Capture), By Application Area (Retail, Banking, BFSI, Healthcare, IT, Telecom, Government, Other) and Regional Forecast, 2021-2028," discusses the prime
Oleochemicals Market size is expected to reach USD 52.04 billion by 2028 | Know …
The global oleochemicals market size is expected to reach USD 52.04 billion by 2028, exhibiting a CAGR of 6.4% between 2021 and 2028. The growing emphasis on natural oils & fats obtained from living feedstock, including plants, animals, and oilseeds, will enable speedy expansion of the market, states Fortune Business Insights, in a report, titled "Oleochemicals Market, 2021-2028." The market size stood at USD 31.42 billion in 2020. Get Sample PDF
Acrylonitrile Butadiene Styrene Market share is projected to reach USD 42,809.5 …
The global acrylonitrile butadiene styrene market share is projected to reach USD 42,809.5 million by 2027, exhibiting a CAGR of 6.9% during the forecast period. The phenomenal growth in the global construction industry will be a prime growth driver for this market, states Fortune Business Insights™ The construction industry has entered a phase of prolific expansion due to the rapid growth in world population and the proliferation of residential and

All 5 Releases

More Releases for Space

Space Travel Market Analysis, Size, Trends, Growth, Forecast 2022-2028, Top Play …
Space Travel Market Scope & Overview In-depth analyses of new product releases, market contributions, mergers, and partnerships over the anticipated time range are provided in Space Travel market study. The study also looks at the issues the global Space Travel market is having and gives a summary of the main drawbacks and positives of the market. The research includes market repercussions, with an emphasis on key elements and legal needs. The
Space Tourism Market 2022: Analysis by Top Key Players - Virgin Galactic, SpaceX …
Space Tourism Market Scope and Overview 2022 This study provides a comprehensive examination of the global Space Tourism industry. The study includes all of the necessary data, which was gathered through extensive primary and secondary research. The market analysis includes data from segments such as type, industry, channel, and others; market volume and value are also included for each segment. The study also looks at major players and distributors in the
Space and Space Station Robotics Market May Set New Growth Story | Made In Space …
HTF Market Intelligence released a new research Study of 86 pages on title 'Space and Space Station Robotics Market - Global Industry Analysis & Forecast US$ Million, 2019 – 2025' with in-depth analysis, forecast and business moves. The study covers key regions and important players such as Maxar Technologies, Motiv Space Systems, Altius Space Machines, Northrop Grumman, Honeybee Robotics, Astrobotic Technology, Made In Space, Inc., Effective Space Solutions Limited. Request
Space And Space Station Robotics Market 2020 Analysis and Precise Outlook -Maxar …
Global Space And Space Station Robotics Market Size, Status And Forecast 2020-2026 The report provides a unique tool for evaluating the Space And Space Station Robotics Market, highlighting opportunities, and supporting strategic and tactical decision-making. This report recognizes that in this rapidly-evolving and competitive environment, up-to-date marketing information is essential to monitor performance and make critical decisions for growth and profitability. It provides information on trends to identify emerging technologies and
Space Mining Market Outlook to 2025 - Asteroid Mining, China National Space Admi …
The "Global Space Mining Market Analysis to 2025" is a specialized and in-depth study of the space mining market with a focus on the global market trend. The report aims to provide an overview of global space mining market with detailed market segmentation by phase, type of asteroid, application and geography. The global space mining market is expected to witness high growth during the forecast period. The report provides key
Space Mining Market Key Players: NASA, European Space Agency, Kleos Space
Global Space Mining Market: Overview Space mining refers to the mining of asteroids and other minor planets for their valuable raw materials. Space technology is anticipated to enable the exploitation of the rich resources of the asteroids in the solar system and it is being developed by a variety of companies leading to the enlarged scope of the business over the coming years. Space mining is an exciting prospect for more