Space Electronics Market Worth US$ 1,557.9 million in 2023
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  • Space Electronics Market Worth US$ 1,557.9 million in 2023

     




    (Transportation-News.com, January 19, 2019 )
    Stratview Research has published a new research report on Space Electronics Market. This extensive 245-page report by Stratview Research analyses the growth of Space Electronics Market over the trend period of 2012 to 2017 and forecast period of 2018 to 2023 under the following segments -
    ● by Platform Type (Satellite, and Others)
    ● by Component Type (Discrete Semiconductors, and Others)
    ● by Subsystem Type (Electrical Power Subsystem, and Others)
    ● by Product Type (Radiation-Hardened Electronics, and Others)
    ● and by Region (North America, Europe, Asia-Pacific, and RoW)

    Go through the detailed scope: https://www.stratviewresearch.com/toc/309/Space-Electronics-Market.html

    Or

    Get a free sample of the report: https://www.stratviewresearch.com/Request-Sample/309/Space-Electronics-Market.html

    Increasing production of satellites in the up-coming five years

    The next five years for the space electronics market are going to be resilient with having sizeable growth opportunities for both existing as well as new players. The space electronics market is projected to reach an estimated value of US$ 1,557.9 million in 2023. Increasing production of satellites, especially small satellites; market entry of commercial space companies; increasing involvement of a number of countries in the space community; an increased demand for reducing the cost of electronic components; and the technological advancements are some major factors that are burgeoning the demand for electronics in the space industry.

    North America to remain the largest market

    Based on the regions, North America is expected to remain the largest space electronics market during the forecast period and is also expected to experience the highest growth during the same period. NASA is the largest space agency in the world, which is largely involved in space-related activities located in the USA. Furthermore, the market entry of commercial space companies, such as Space X, propel the region’s demand for space electronics in the coming years.

    Top market players

    The supply chain of this market comprises raw material suppliers, electronic component manufacturers, subsystem manufacturers, spacecraft manufacturers, and space agencies or launch service providers. The key space electronic component manufacturers are BAE Systems Plc., Cobham Plc., Honeywell International Inc., Microsemi Corporation, and Texas Instruments. Development of low-cost electronics, regional expansion, and mergers & acquisitions are the key strategies adopted by the major players to gain a competitive edge in the market.

    Stratview Research is a global market intelligence firm offering a wide range of services including syndicated market reports, consulting, sourcing intelligence, and customer research.

    Stratview Research

    Ritesh Gandecha

    +1-313-307-4176

    sales@stratviewresearch.com

    Source: EmailWire.Com

    Source: EmailWire.com

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