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Space Electronics Market Report 2023 - Market Size, Share, Key Trends And Analysis 2032 | BAE Systems PLC, Microsemi Corporation, Texas Instruments Inc., Xilinx Inc., Cobham Limited
Space Electronics Market
Space Electronics Market Size, Growth Rate, And Forecast
The global space electronics market size is expected to grow from $2.32 billion in 2022 to $2.49 billion in 2023 at a compound annual growth rate (CAGR) of 7.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The space electronics market size is expected to grow to $3.21 billion in 2027 at a CAGR of 6.6%.
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Space Electronics Market Drivers
An increase in number of satellites is expected to propel the growth of the space electronics market going forward. A satellite refers to any object that circles a planet, star, or moon. Satellites are vulnerable to charging and discharging and require space components, such as space electronics, with no floating metal.
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Space Electronics Market Segments
• By Type: Radiation Hardened, Radiation Tolerant
• By Component: Microprocessors And Controllers, Sensors, Application-Specific Integrated Circuits; Memory Chips, Power Source Cables, Discrete Semiconductors, Other Components
• By Platform: Satellite, Launch Vehicles, Deep Space Probes
• By Application: Communication, Earth Observation, Navigation, Global Positioning System (GPS), Technology Development And Education, Other Applications
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Space Electronics market.
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Space Electronics Market Key Players
Major competitors in the space electronics market include BAE Systems PLC, Microsemi Corporation, Texas Instruments Inc., Xilinx Inc., Cobham Limited, TT Electronics PLC, Teledyne e2v, Heico Corporation.
The Business Research Company's "Global Space Electronics Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Space Electronics Market Include:
1. Executive Summary
2. Space Electronics Market Characteristics
3. Space Electronics Market Trends And Strategies
4. Space Electronics Market - Macro Economic Scenario
5. Space Electronics Market Size And Growth
……
26. Africa Space Electronics Market
27. Space Electronics Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Space Electronics Market
29. Space Electronics Market Future Outlook and Potential Analysis
30. Appendix
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