Lucintel Forecasts The Global Space Electronics Market To Reach $5 Billion By 2030

By Author: Lucintel LLC
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According to a market report by Lucintel, the future of the global space electronics market looks promising with opportunities in the communication, earth observation, navigation, global positioning system (GPS) and surveillance, and technology development and education markets. The global space electronics market is expected to reach an estimated $5 billion by 2030 with a CAGR of 5% from 2024 to 2030. The major drivers for this market are the introduction of communication satellite constellation in LEO, increasing acceptance of space tourism, and growing application of satellites for a range of activities, such as surveillance, real-time imaging, communication, navigation, and weather forecasting.
A more than 150-page report to understand trends, opportunity and forecast in global space electronics market to 2030 by platform (satellite, launch vehicles, and deep space probes), type (radiation hardened, and radiation tolerant), component (microprocessors and controllers, sensors, application specific integrated circuits (ASIC), memory chips, power source and cables, discrete semiconductors, and other), application (communication, ...
... earth observation, navigation, global positioning system (GPS and surveillance, technology development and education, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that satellite is expected to witness highest growth over the forecast period.
Within this market, communication will remain the largest segment.
Download sample by clicking on space electronics market.
APAC is expected to witness highest growth over the forecast period.
Xilinx, TT Electronics, Stmicroelectronics, Ruag, Teledyne Technologies, Texas Instruments Incorporated, Microchip Technology, Cobham, Honeywell International are the major suppliers in the space electronics market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com. To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056
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