Lucintel Forecasts The Global Space Semiconductor Market To Reach $2 Billion By 2030

By Author: Lucintel LLC
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According to the recent study the global space semiconductor market is projected to reach an estimated $2 billion by 2030 from $1 billion in 2023 at a CAGR of 9.6% from 2023 to 2030. Growth in this market is primarily driven by growth in satellites, space probes and launch vehicles; development of small satellites for various sectors; and advancements in technology for product development in space activities.
Browse 150 -page report to understand trends, opportunities and forecast in global space semiconductor market by platform type (satellites, launch vehicles, and others), product type (radiation-hardened and radiation-tolerant), component type (discrete semiconductors, optoelectronics, integrated circuits, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that radiation hardened will remain the largest segment due to rising adoption of spaceborne next-generation semiconductors. Moreover, radiation hardened space semiconductors have high stability and efficiency at very high temperature applications.
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... market.
The APAC region is expected to witness the highest growth in the forecast period due increasing number of satellite launch service providers and economic developments in India, China, and Japan.
Texas Instruments, BAE Systems, Cobham, Microsemi, STMicroelectronics, Solid State Devices, T.T.Electronics, Boeing Company, and Xilinx are the major suppliers in the space semiconductor providers.
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 helpdesk@lucintel.com.
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1 972 636 5056
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