Press release
Space Electronics Market Set to Reach $2.81 Billion in 2025, Growing at a CAGR of 7.1%: Key Drivers and Trends
Space Electronics Global Market Report 2025
The global space electronics market continues to show strong growth as advancements in technology and increased investments in space exploration propel the market forward.
What Is The Projected Market Size Of The Space Electronics Global Market And Its Growth Rate?
•The space electronics market size is projected to grow from $2.63 billion in 2024 to $2.81 billion in 2025, at a compound annual growth rate (CAGR) of 7.1%.
•This growth can be attributed to increasing space exploration initiatives, significant investment in satellite manufacturing and increased demand for space electronics products.
•Moreover, the size of the space electronics market is expected to reach $3.62 billion in 2029 at a compound annual growth rate (CAGR) of 6.5% due to growth in the radiation-hardened space electronics market, increased launch activities, miniaturization, and enhancement in efficiency.
What Is Driving The Growth In The Space Electronics Global Market Report 2025?
The rise in the number of satellites is expected to boost the growth of the space electronics market in the future. Satellites are essential for global communication and connectivity, leading to the increasing demand for space components, including space electronics with no floating metal. As reported by the Organisation for Economic Co-operation and Development, the number of operational satellites in orbit rose to over 6,700 by 2022. This growth makes an indubitable case for the booming market of space electronics.
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Who Are the Key Players Driving Space Electronics Global Market Report 2025 Growth?
•BAE Systems PLC
•Texas Instruments, 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.
•NXP Semiconductors
•Vishay Intertechnology Inc.
•Silicon Laboratories Inc.
•L3Harris Technologies Inc.
•Lockheed Martin Corporation
•Northrop Grumman Corporation
•Raytheon Technologies Corporation
•Thales Group
•Airbus Defence and Space
What Are The Key Trends In The Space Electronics Global Market?
Key trends in the market are:
•Advancements in radiation-tolerant semiconductor technologies
•Adoption of digitalization and software-defined systems
•Utilization of high-performance computing for space missions
•Growth of photonics and optoelectronics in space communication
•Increasing focus on cybersecurity in space systems
•Use of sustainable electronics for space
What Are The Segments Of The Global Space Electronics Global Market Report 2025?
The space electronics market covered in this report is segmented by:
•Type: Radiation Hardened, Radiation Tolerant
•Component: Microprocessors And Controllers, Sensors, Application Specific Integrated Circuits, Memory Chips, Power Source Cables, Discrete Semiconductors, Other Components
•Platform: Satellite, Launch Vehicles, Deep Space Probes
•Application: Communication, Earth Observation, Navigation, Global Positioning System (GPS), Technology Development And Education, Other Applications
Which Region Leads The Space Electronics Global Market Report 2025?
North America led the space electronics market in 2024. However, Asia-Pacific is anticipated to be the fastest-growing region in the forecast period. Other regions covered in the space electronics market report include Western Europe, Eastern Europe, South America, Middle East, and Africa.
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What Is Covered In The Space Electronics Global Market Report?
•Market Size Analysis: Analyze the Space Electronics Global Market size by key regions, countries, product types, and applications.
•Market Segmentation Analysis: Identify various subsegments within the Space Electronics Market for effective categorization.
•Key Player Focus on key players to define their market value, share, and competitive landscape.
•Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
•Market Contribution: Evaluate contributions of different segments to the overall Space Electronics growth.
•Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
•Industry Challenges: Analyze challenges and risks affecting the Space Electronics Market.
•Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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