According to the recent study the space semiconductor market is projected to reach an estimated $2 billion by 2028 from $1 billion in 2022, at a CAGR of 9.1% from 2022 to 2028. Growth in this market is primarily driven by growth in satellites, space probes and launch vehicles; development of small satellites for various sectors; and advancements in technology for product development in space activities.
Browse 150-page report
to understand trends, opportunities and forecast in space semiconductor market
by platform type (satellites, launch vehicles, and others), product type
(radiation-hardened and radiation-tolerant), component type (discrete
semiconductors, optoelectronics, integrated circuits, and others), and region
(North America, Europe, Asia Pacific, and the Rest of the World).
“Radiation hardened market is expected to remain the largest
segment during the forecast period.”
Based on product type,
the space semiconductor market is segmented into radiation-hardened and
radiation-tolerant. Lucintel forecasts that the radiation hardened market is
expected to remain the largest segment due to rising adoption of spaceborne
next-generation semiconductors. Moreover, radiation hardened space
semiconductors have high stability and efficiency at very high temperature applications.
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space semiconductor market
“Asia pacific will dominate the space semiconductor market in near
future.”
The APAC region is
expected to witness the highest growth in the forecast period due increasing
number of satellite launch service providers and economic developments in
India, China, and Japan.
Major players of space
semiconductor market are adopting various growth strategies like new product
launches, expansions, merger and acquisitions, partnerships, agreements, and
collaborations to expand their presence in this market. Texas Instruments, BAE
Systems, Cobham, Microsemi, STMicroelectronics, Solid State Devices,
T.T.Electronics, Boeing Company, and Xilinx are among the major space
semiconductor providers.
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
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.
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
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