Global Space On Board Computing Platform Market 2024, Forecast To 2033
26 Feb, 2024
The space on-board computing platform market has demonstrated rapid growth, surging from $1.35 billion in 2023 to $1.51 billion in 2024, with a CAGR of 12.1%. Historical growth is attributed to the increased demand for earth observation data, satellite constellations, and advances in satellite technology. Forecasts anticipate rapid growth to $2.43 billion in 2028, with a CAGR of 12.6%. The projected growth is fueled by the expansion of commercial space activities, increased adoption of edge computing in space, and the demand for autonomous satellite operations.
Global Space On Board Computing Platform Market Key Driver
The space-on-board computing platform market is expanding with the rising number of space exploration missions. In 2021, around 8,378 satellites were launched into space, reflecting a significant increase. NASA's increased budget for space exploration further supports the growth of on-board computing platforms.
Get A Free Sample Of The Global Space On Board Computing Platform Market ReportGlobal Space On Board Computing Platform Market Segments
The space on-board computing platform market covered in this report is segmented –
1) By Platform: Nano Satellite, Microsatellite, Small satellite, Medium satellite, Large satellite, Spacecraft
2) By Technology: Cots, Non-Cots
3) By Orbit: Low Earth Orbit (LEO), Medium Earth Orbit (MEO), Geostationary Earth Orbit (GEO)
4) By Communication Frequency: S-Band, X-Band, C-Band, K-Band, Other Communication Frequencies
5) By Application: Communication, Earth Observation, Navigation, Meteorology, Other Applications
By Geography: The regions covered in the template market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions.
North America was the largest region in the space on-board computing platform market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the space on-board computing platform market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Space On Board Computing Platform Industry Players
BAE Systems plc; Thales Group; L3Harris Technologies Inc.; Lockheed Martin Corporation; Honeywell International Inc.; Raytheon Technologies Corporation; Saab AB; Northrop Grumman Corporation; Airbus SE; Ball Corporation; Cobham Gaisler AB; Contec Co Ltd; EnduroSat; G. A. U. S. S. Srl; International Business Machines Corporation (IBM); Leonardo S. p. A.; Loft Orbital; Space Tango; ST Engineering; Teledyne Technologies Inc.; MDA Corporation; Ramon Space; LMO Space; Space Micro Inc.; Space Exploration Technologies Corp. (SpaceX); Blue Canyon Technologies; AAC Clyde Space; Astro Digital; Axelspace Corporation; BlackSky Global LLC
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Space On Board Computing Platform Market Overview
The space on-board computing platform is the key core of the spacecraft avionics used for collection, analysis, and processing of data gathered by satellite on-board to provide an exact map of the earth's surface. The space on-board computing platform collects data through various applications and provides mapping and navigation across the globe.
Space On Board Computing Platform Global Market Report 2023 provides data on the global space on board computing platform market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The space on board computing platform market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.