Space Electronics Market to Grow at a CAGR of 5.22% During 2019-2024


Posted July 3, 2020 by bisrsrch

The space electronics market growth is driven by aspects, such as significant investment in satellite manufacturing, technological advancement in microprocessors and FPGAs, and growth in global launch vehicle industry.

 
Space electronics market to reach $1.72 billion by 2024, growing at a CAGR of 5.22% during the forecast period, 2019-2024. The growth in the space electronics market is majorly attributed to significant technological advancements across the electronic components, especially microprocessors and field-programmable gate array (FPGAs). The ecosystem of the space electronics market comprises system manufacturers, original device manufacturers, and end users. The market is mature in the countries such as the U.S., France, China and Japan, and is gaining popularity in countries such as India, Italy, and Germany.

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Semiconductors are the building blocks for electronics components, and electronic components are essential for various applications ranging in complexity from space applications to simple timers. Electronic components are highly susceptible to damage and malfunctions caused by radiations, resulting in the displacement or ionizing damage. Harsh environment in space is mainly generated from naturally occurring radiations through the sun, galactic and extra-galactic, naturally-occurring radioactive materials found on Earth, and the Earth Van Allen Belt. To ensure the reliable operation of electronics in such environments, the electronic components are tested and validated to be used in space.

The era of satellites particularly for earth observation began many years ago in 1957 with the launch of Sputnik 1 satellite, which was launched with a radio, thermometer and battery. However, the space electronics industry has come a long way in decades leading miniaturization in the components and enabling stacking multiple components on single circuits with the invention of microcontrollers (MCUs). Satellites used to be of huge in size and with heavy payloads, however with the help of MCUs, the resultant electronic circuits become small in size and less complex along with consuming less power. This resulted in the advent of small satellites, which is a major traction in the overall space industry currently.

With increasing popularity of small satellites which operate in low Earth orbit (LEO) for three to five years, space components require less degree of validated components and are manufactured with commercially off-the-shelf (COTS). Commercial components can potentially save the costs indulged in testing and validation process in addition to implementation, since real-time operating systems and software tools, which are commercially available, can be employed on them. Moreover, the capacity of such components to soak in overall radiation exposure ranges from 15 to 50K radiation, which is less as compared to radiation hardened product with over 100K radiation. In addition, there exist components with 1K radiation which are equipped in spacecrafts for one-month timeline.

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Such electronic components can be equipped in small satellites and space agencies, and companies are undertaking huge research and development (R&D) to develop reliable COTS electronic components. Techniques used to manufacture adequate COTS electronics for these satellites include modified circuit, real-time supporting software, cache validation and scrubbing techniques, qualified EEE Grade 2 or 3 component, along with required testing and certification. Such techniques are leveraged in mezzanine cards, single board computers, and other subsystems that result in high cost effectiveness and performance of COTS in various space applications.

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Categories Defense , News , Technology
Tags space electronics
Last Updated July 3, 2020