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[Report Ocean Press Release] We conducted a survey to understand the situation of the space electronics market in 2022.
North America is the largest revenue contributor, followed by Europe, Asia Pacific and LAMEA (Brazil, Saudi Arabia, South Africa). Survey overview:
Survey period: July 12th to November 7th, 2022
Research agency :
Survey contractor: Report Ocean Co., Ltd.
In-house survey
Survey target: The survey was conducted with 890 leaders from organizations of all sizes around the world.
Number of valid responses: (890 people)
Survey method: Telephone survey of 300 people, Internet survey of 590 people Survey Respondents: The survey was conducted across companies based on revenue. [Image 1
Survey results :
Q: Which platforms are in high demand in the space electronics market? By platform, they are classified as satellites, rockets, and deep space probes. Satellite platforms dominate the space electronics market in 2021. [Image 2
Q: Which applications have the highest share in the space electronics market? Depending on the application, it is subdivided into communications, earth observation, navigation, global positioning system (GPS) and surveillance, technology development, education, and others. [Image 3
Question: How is the space electronics market segmented by type? By type, they are divided into radiation-curable and radiation-resistant types. [Image 4
Q: Which component has the highest share in the space electronics market? By component, they are categorized into microprocessors and
controllers, sensors, application-specific integrated circuits (ASICs), memory chips, power supplies and cables, discrete
semiconductors, and more.
[Image 5
Q: What are the key factors driving the space electronics market? Factors such as increased investment in space ventures, increased launch activity by major private and public institutions, the establishment of a fleet of communications satellites in Low Earth Orbit (LEO), and the adoption of space travel in the coming years will drive space travel. It is expected to drive the growth of the electronics market.
Increasing applications of satellites for a variety of activities such as surveillance, real-time imaging, communications, navigation, weather forecasting, broadband and connectivity, research and development, testing, and IoT integration for various governmental, commercial, and civil-military domains. Leading the evolution of the equipment industry.
The increasing number of satellite launches creates demand for various satellite electronics and other peripheral systems, supporting business opportunities.
The rise in space debris from past large-scale unplanned launch operations and the widespread commercialization of Low Earth Orbit (LEO) by satellites launched by private companies are threatening the entire space industry and creating potential for the space electronics market. result in stunted growth.
Survey conclusions:
The space electronics market is expected to undergo significant changes in the next few years. Private players within the space segment, with funding from governments and global players, to support the business potential in the space electronics market in the years to come as the number of satellites launched worldwide increases. and start-up companies will emerge.
The public sector has long played a key role in defining market opportunities within the space industry. Historically, the public sector and government agencies were the only potential customers for space products and services. The strategic initiatives of companies operating within the space segment were motivated by consideration of government initiatives.
Achieving space activity required significant investment and research and development (R&D) activities. This constraining factor limits the industry from growing according to national government budgets. There have been noticeable changes in business operations in recent years, with market demand shifting to private companies. The space economy is growing at a rapid pace with the arrival of private industry players around the world.
Read more: https://bit.ly/3Yy6JDR
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Details about this release:
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