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(Transportation-News.com, November 14, 2019 ) Market Overview
• The growing use of space electronics for operating spacecraft, satellites, and deep-space probes is putting pressure on the rad-hard community to deliver technology with high performance and low cost.
• Space is a complicated place, especially when it comes to electronic components like microprocessors, solid-state memory, and network interfaces. Modern electronic components were not designed to operate in a radiation environment.
• The radiation-hardened electronic parts are to resist the effects of radiation, but it’s expensive to do this. Moreover, the overall demand for rad-hard electronic parts are relatively low, which can drive up their costs even more. There are other ways of dealing with space radiation, ranging from redundant subsystems, selective shielding, and up screening commercial off-the-shelf (COTS) electronics for enhanced reliability.
Market Dynamics
• The increase in the involvement of countries in space activities is driving the growth of the global Space electronics market.
• The technological advancements for product development in space activities will further drive the growth in the global space electronics market.
• The high cost of electronic space products is a significant restraint for the growth of global space electronics market.
Market Segmentation
By Product Type
• Radiation-Hardened Space Electronics
• Radiation-Tolerant Space Electronics
By Application
• Satellite
• Launch vehicle
• Others
By Components Type
• Space-Grade Discrete Semiconductors
• Space-Grade Optoelectronics
• Space-Grade Integrated Circuits
• Others
By Region
• Asia Pacific
• Europe
• North America
• South America
• Rest of the World
• The space electronics market is segmented on an application such as Satellite, Launch Vehicle, and Others. The satellite segment accounts for significant market share, and it is expected to grow in the forecast period.
• Due to the Increasing involvement of commercial space companies, such as Space X, Sky and Space Global Ltd, and OneWeb Satellites, and the expected launch of more than 4,000 satellites during the forecast period which will increase the demand for electronics product in the satellite segment.
• In the geography segment, North America is dominating the global space electronics market, and it is expected to grow at higher pace in the forecast period because NASA is the largest space agency in the world, which is involved in space-related activities and is situated in the USA. The presence of many companies in the space activities within this region is driving the demand of space electronics market.
Competitive Analysis
• Companies are developing new products with improved performance for space applications to be competitive in the market.
• For instance, In April 2018, TT Electronics, a global provider of engineered electronics for performance critical applications, has introduced its New Space Electronics® range. TT Electronics’ New Space Electronics® offers a solution that delivers reduced screening, and it is fully traceable with proven space grade heritage.
• In September 2018, TT Electronics has introduced the WDBR-UL series of ultra-low profile high power resistors; it is a thick film design. Developed on the existing WDBR product, the new series’ creepage, clearances, and power ratings have been assessed by the demands of UL508, easing the compliance burden for UL approved end users.
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