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 $4.9 billion by 2030 with a CAGR of 5.0% from 2024 to 2030. The major drivers for this market are 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.

In this market, satellite, launch vehicles, and deep space probes are the major segments of space electronics market by platform.
Lucintel forecasts that satellite will remain the largest segment over the forecast period.
Within this market, communication will remain the largest segment.

APAC is expected to witness highest growth over the forecast period.

Bae System, Xilinx, TT Electronics, STMicroelectronics, RUAG, Teledyne Technologies, Texas Instruments Incorporated, Microchip Technology, Cobham, and 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 [email protected]