How big is the Space Electronics Market?

The Space Electronics Market size is expected to reach USD 6.47 billion in 2024 and grow at a CAGR of 6.65% to reach USD 8.92 billion by 2029. Read More

What is the current Space Electronics Market size?

In 2024, the Space Electronics Market size is expected to reach USD 6.47 billion. Read More

Who are the key players in Space Electronics Market?

Cobham Limited, Microchip Technology Inc., BAE Systems plc, Honeywell International Inc. and STMicroelectronics N.V. are the major companies operating in the Space Electronics Market. Read More

Which is the fastest growing region in Space Electronics Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Space Electronics Market?

In 2024, the Asia Pacific accounts for the largest market share in Space Electronics Market. Read More

What years does this Space Electronics Market cover, and what was the market size in 2023?

In 2023, the Space Electronics Market size was estimated at USD 6.04 billion. The report covers the Space Electronics Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Space Electronics Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Space Electronics Market Size & Share Analysis - Industry Research Report

Space Electronics Market Size and Share Analysis - Growth Trends and Forecasts (2024-2029)

The Space Electronics Market is Segmented by Platform (Satellite, Launch Vehicles, and Deep Space Probes), Application (Communication, Earth Observation, Navigation and Surveillance, Technology Development and Education, and Other Applications), Type (Radiation-Hardened and Radiation-Tolerant), and Geography (North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa). The Report Offers Market Size and Forecast for all the Above Segments in Value (USD).

Space Electronics Industry Overview

The space electronics market is fragmented, with several players active in this sector. Prominent players include Cobham Limited, Microchip Technology Inc., BAE Systems PLC, STMicroelectronics NV, and Honeywell International Inc., with expertise in designing and manufacturing advanced electronic systems for space missions.

Leading players primarily rely on contracts to sustain their market dominance, complemented by the launch of innovative products featuring state-of-the-art technologies. Meanwhile, smaller specialized firms and startups are carving out their niches, concentrating on radiation-hardened electronics, satellite communication systems, and propulsion electronics. Key market drivers include technological progress, a rising appetite for satellites, and robust government backing for space exploration and national security.