Industry Analysis

Global Space-based Smart Sensors and Electronics Market Value to Reach $1,818.5 Million by 2026

The global space-based smart sensors and electronics market value is projected to reach $1,818.5 million by 2026,according to CRI’s new report. The study also highlights that the market value is set to witness a CAGR of 4.85% between 2021 and 2026.

Space-based Smart Sensors and Electronics Market – A Global and Regional Analysis: Focus on Product Type, Subsystem, Component, and Application – Analysis and Forecast, 2021-2026

The comprehensive research study of the global space-based smart sensors and electronic market covers:

• an extensive analysis of competitive benchmarking of key players
• elaborated sections focused on different types of product type, subsystem, components, and application
• company profiling for more than 16 companies
• a detailed global and regional market share analysis, including the scrutiny of more than 15 countries
• a detailed analysis of the small satellite and launch vehicle market

The report encompasses market drivers, challenges, opportunities, competition mapping, benchmarking, and segmental analysis of regions.

This report indicates that the increasing demand for small satellites, technological advancements in microprocessors and field programmable gate arrays (FPGAs), and the rising usage of commercial off-the-shelf (COTS) component are fueling the growth of the market.

Along with the drivers, the study highlights opportunities in the market, such as rising demand for reconfigurable satellite payloads and the adoption of new material to manufacture space electronics, allowing key manufacturers to expand their operations among different customers.

To gain a holistic view of the market, data from various segments have been analyzed. These segments include product type, subsystem, components, application, and region. The segments are further categorized into sub-segments to get an in-depth analysis of the study.

“Over the past years, the demand for small-satellite constellations has witnessed a significant increase due to their easy and cost-effective access to space. This will push the key manufacturers to develop commercial-of-the-shelf component for small-satellites. In recent years (2018-2020), various private companies and space agencies used smaller satellites as they have lower launch costs and take less time to develop to fulfill a mission. Therefore, the sophistication of the electronic products and the designing of scalable electronic components with open standards and architectures are made possible due to the miniaturization of the components.”

Key insights and data triangulation are done from in-depth interviews with leaders of the leading companies and market participants. The key players profiled in the report include Analog Device Inc, BAE Systems, Cobham plc, Data Device Corporation, Exxelia, Honeywell International, Infineon Technologies, Microchip, Micropac, Teledyne Technologies, Texas Instruments Inc., The Boeing Company, Xilinx Inc., STMicroelectronics N.V, TT Electronics, and Solid-State Devices Inc.

The report also offers strategic recommendations that can help the companies to track various trends, technologies, and products that are changing the market dynamics. The recommendations offer bespoke research services to help companies meet their objectives.

Who should buy this report?

• Manufacturers and distributors of space-based smart sensors and electronics
• Emerging startups and government space agencies that are planning to launch satellites, launch vehicles, and deep space probes
• Providers of components such as active component (integrated circuit, microprocessor and microcontroller, active sensors, optoelectronics), passive component (capacitors and supercapacitors, resistors, attenuators, RF Passive components, inductors, and transformers), electrical power system, memory, and analog and mixed signal

How can market intelligence on space-based smart sensors and electronics market add value to an organization’s decision-making process?

• Helps in analyzing technological substitutes and future trends
Aids in targeting a segment for product launch
• Helps in making strategies required for the market
• Helps in understanding the geographical scenario of the market
• Aids in Analyzing the competitors’ strengths and weaknesses
• Assists in exploring new products

Insightful Questions Covered to Enable Companies to take Strategic Decisions

• What are the major drivers, challenges, and opportunities for the global space-based smart sensors and electronics market during the forecast period 2021-2026?
• In which industries (satellite, launch vehicle, and deep space probe) will space-based smart sensors and electronics components have the greatest impact in the near-term?
• What are the recent trends in the space-based smart sensors and electronics segment?
• Which are the key players in the global space-based smart sensors and electronics market, and what is their competitive benchmarking?
• What is the expected revenue generated by the global space-based smart sensors and electronics market during the forecast period 2021-2026?
• What are the strategies adopted by the key players in the market to increase their market presence in the industry?
• Which application (satellite, launch vehicle, and deep space probe) in the space-based smart sensors and electronics market is expected to dominate the market in 2026?
• What was the revenue generated by the global space electronics market (by component) for active component (integrated circuit, microprocessor and microcontroller, active sensors, optoelectronics), passive component (capacitors and supercapacitors, resistors, attenuators, RF passive components, inductors, and transformers), electrical power system, memory, and analog and mixed signal in 2020, and what are the estimates till 2026?
• What was the revenue generated by the global space-based smart sensors and electronics market (by subsystem) – satellite bus and payload in satellites, and avionics and power system in launch vehicles and deep space probes in 2020, and what are the estimates till 2026?
• What was the revenue generated by the global space electronics market (by product) (radiation-hardened and radiation-tolerant) in 2020, and what are the estimates till 2026?
• What are the competitive strengths of the key players in the space-based smart sensors and electronics market?
• What would be the aggravated revenue generated by the space-based smart sensors and electronics market segmented by region (North America, Europe, Asia-Pacific, and Rest-of-the-World) till 2026?

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