Space semiconductor market is anticipated to grow at a CAGR of 5.6% during the forecast period (2024-2031). The market growth is driven by the increasing investment in space semiconductor development, the growing commercial satellite market, advancement in semiconductor technology, and expansion of space exploration activities.

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The increasing investment and deployment of commercial satellites for navigation, communication & earth orbital services by public and private entities to strengthen domestic connectivity is the commercial satellite industry. The growing commercial industry is anticipated to drive the demand for the space semiconductor market. Further, the demand is also contributed by the commercial satellite export industry, which has also grown exponentially in recent years.  According to the Space Foundation's 2023 Q4 report, global launch activity hit record highs for the third year in a row, with 223 launch attempts and 212 successful launches. Commercial launch activity rose by 50.0% in 2022. The US witnessed a 33.0% rise in launch attempts, while China, India, and Japan also saw increased activity, with more than 2,800 satellites sent into orbit, 23.0% more than in 2022.

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Market Coverage
Market number available for – 2024-2031
Base year- 2024
Forecast period- 2024-2031
Segment Covered- By Source, By Product Type, By Applications
Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
, and others

Market Segmentation

Global Space Semiconductor Market by Type

Radiation Hardened Grade
Radiation Tolerant Grade

Global Space Semiconductor Market by Component

Microprocessor
Integrated Circuits
Discrete Semiconductors Devices
Optical Devices
Others (Memory, and Sensors)

Global Space Semiconductor Market by Application

Launch Vehicle
Deep Space Probe
Rover and Lander

Regional Analysis

North America
United States
Canada
Europe
UK
Germany
Italy
Spain
France
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
Rest of the World
Latin America
Middle East and Africa

Company Profiles 

Apogee Semiconductor
Infineon Technologies AG
Intel Corp.
Microchip Technology Inc.
Microsemi Corp.
Northrop Grumman Corp.
NXP Semiconductors N.V.
Qorvo Inc.
Renesas Electronics Corp.
Semiconductor Components Industries, LLC
Silicon Space Technology dba (VORAGO Technologies)
TE Connectivity Ltd.
Texas Instruments Inc.
Teledyne Technologies Inc.
Vishay Intertechnology, Inc.

The Report Covers 

Market value data analysis of 2023 and forecast to 2031.
Annualized market revenues ($ million) for each market segment.
Country-wise analysis of major geographical regions.
Key companies operating in the global space semiconductor market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
Analysis of market-entry and market expansion strategies.
Competitive strategies by identifying ‘who-stands-where’ in the market.

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