A new market study, titled “Discover Global Space electronics Market Upcoming Trends, Growth Drivers and Challenges” has been featured on WiseGuyReports.
Global Space electronics Market is predicted to grow at a CAGR of XYZ% to reach market fee of USD XYZ million via 2025. The radiation-hardened electronic parts is to resist the consequences of radiation, but it’s high priced to do this. Furthermore, basic call for for rad-tough digital parts are distinctly low, that can power up their prices even more. There are different ways of coping with area radiation, starting from redundant subsystems, selective defensive, and up screening business off-the-shelf (COTS) electronics for more advantageous reliability. The growing use of space electronics for running spacecraft, satellites, and deep-area probes is setting pressure on the rad-hard community to supply generation with high performance and coffee cost.
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The Increasing production of satellites especially the small satellites is driving the global space electronics market. The increase in involvement of countries in the space activities is driving the growth of global Space electronics market. The technological advancements for product development in space activities will further drive the growth in global space electronics market.
The high cost of space electronic products is a major restraint for the growth of global space electronics market.
The space electronics market is segmented based on application such as Satellite, Launch Vehicle, and Others. The satellite segment accounts for major market share and it is expected to grow in the forecast period. Due to the Increasing involvement of commercial space companies, such as Space X, Sky and Space Global Ltd, and OneWeb Satellites, and an expected launch of more than 4,000 satellites during the forecast period which will increase the demand for electronics product in the satellite segment.
In the geography segment, North America is dominating the global space electronics market and it is expected to grow at higher pace in the forecast period, because NASA is the largest space agency in the world, which is involved in space-related activities and is situated in the USA. The presence of many companies in the space activities within this region is driving the demand of space electronics market.
Companies are developing new products with improved performance for space applications to be competitive in the market.
Key market segments covered
BY PRODUCT TYPE
• Radiation-Hardened Space Electronics
• Radiation-Tolerant Space Electronics
• Launch vehicle
BY COMPONENTS TYPE
• Space-Grade Discrete Semiconductors
• Space-Grade Optoelectronics
• Space-Grade Integrated Circuits
• Asia Pacific
• North America
• South America
• Rest of the World
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Investments are being injected for the modernization of existing aircraft. In addition, the budget allocations across the world for the purchase of unmanned aerial vehicle is another major factor expected to catalyze proliferation of the growth of the industry. The developments in the UAV technology is likely to encourage the governments to invest in the growth of the industry over the next few years. Industry leaders are emphasizing on the expansion of product lines with the introduction of advanced aircraft that require minimum manual mechanism. It is likely to have a positive influence on the growth of the industry.
Table of Contents
1. GLOBAL SPACE ELECTRONICS MARKET-SCOPE AND METHODOLOGY
2. GLOBAL SPACE ELECTRONICS MARKET –TRENDS AND DEVELOPMENTS
3. INDUSTRY ANALYSIS
4. GLOBAL SPACE ELECTRONICS MARKET SEGMENTATION BY PRODUCT
5. GLOBAL SPACE ELECTRONICS MARKET – BY GEOGRAPHY
6. COMPETITIVE LANDSCAPE
7. COMPANY PROFILES
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