Space Electronics Market 2024-2033: Production Analysis, Growth Strategy, Industry Insights And Major Players

"The new report published by The Business Research Company, titled ""Space Electronics Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033"", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the space electronics market size has grown strongly in recent years. It will grow from $2.5 billion in 2023 to $2.68 billion in 2024 at a compound annual growth rate (CAGR) of 7.4%. The space electronics market size is expected to see strong growth in the next few years. It will grow to $3.5 billion in 2028 at a compound annual growth rate (CAGR) of 6.9%.

Download Free Sample Report @ https://www.thebusinessresearchcompany.com/sample.aspx?id=8041&type=smp

Increasing Number Of Satellites Driving Growth Of Space Electronics Market
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. For instance, in 2021, according to the Satellite Industry Association, a US-based organization representing the top domestic satellite operators, service providers, manufacturers, launch service providers, and ground equipment suppliers, 1,713 commercial satellites were deployed, a rise of more than 40% from 2020, and the space sector launched more satellites than ever before. A total of 4,852 satellites would orbit the planet by the end of 2021, a 179% increase over the previous five years. Therefore, the increasing number of satellites is driving the growth of the space electronics market.

Product Innovation In The Space Electronics Market
Product innovation is a key trend in the space electronics market. Major players in the space electronics industry are concentrating on creating innovative product solutions to improve their market share. For instance, in July 2022, VPT Inc., a US-based company operating in space electronics, introduced the VSC Series of commercial off-the-shelf (COTS) products intended for new space applications as part of the space product line. This series has been distinguished for Total Ionizing Dose (TID) performance, including Low Dose Rate (LDR) and Single Event Effects. The series has been designed for smaller satellites in low earth orbits (LEO) and NASA Class D missions where the balance of cost and guaranteed performance is critical. The product has unique features such as radiation being tested to 42 MeV/mg/cm2 and guaranteed at 30 MeV/mg/cm2 for SEE, and also tested to 50 krad (Si). A full line of input EMI filters has been available to meet MIL-STD-461 or equivalent emission requirements.

The space electronics market covered in this report is segmented -

1) By Type: Radiation Hardened, Radiation Tolerant
2) By Component: Microprocessors And Controllers, Sensors, Application Specific Integrated Cicuits, Memory Chips, Power Source Cables, Discrete Semiconductors, Other Components
3) By Platform: Satellite, Launch Vehicles, Deep Space Probes
4) By Application: Communication, Earth Observation, Navigation, Global Positioning System (GPS) , Technology Development And Education, Other Applications

Buy Now & Get Exclusive Discount on this Report, Checkout link @
https://www.thebusinessresearchcompany.com/Discount?id=8041&type=discount

Major companies operating in the space electronics market report are BAE Systems plc, Microsemi Corporation, Texas Instruments, Inc., Xilinx Inc., Cobham PLC, Honeywell International Inc., STMicroelectronics, Teledyne e2v (UK) Ltd., TT Electronics, Ruag Group, Infineon Technologies, Onsemi, Renesas Electronics Corporation, Analog Devices Inc., Microchip Technology Inc., Maxim Integrated, NXP Semiconductors, Vishay Intertechnology Inc., Intersil Corporation, Silicon Laboratories Inc., Skyworks Solutions Inc., Qorvo Inc., Broadcom Inc., Marvell Technology Group Ltd., Qualcomm Technologies Inc., L3Harris Technologies Inc., Lockheed Martin Corporation, Northrop Grumman Corporation, Raytheon Technologies Corporation, Thales Group, Airbus Defence and Space

Contents of the report:
1. Executive Summary
2. Space Electronics Market Report Structure
3. Space Electronics Market Trends And Strategies
4. Space Electronics Market - Macro Economic Scenario
5. Space Electronics Market Size And Growth
…..
27. Space Electronics Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

Explore the report store to make a direct purchase of the report @ https://www.thebusinessresearchcompany.com/report/space-electronics-global-market-report

Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model

Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.

This release was published on openPR.