CHICAGO, May 6, 2022 /PRNewswire/ — According to a research report “Space Embedded Computing Platform Market by Platform, Application (Earth Observation, Navigation, Communication, Military & Scientific), Orbit, Communication Frequency, Technology, and Region (North America, EuropeAPAC and Right-of-Way) – Forecast to 2027″, published by MarketsandMarkets™, the market for on-board space computing platforms is estimated at $1.3 billion in 2022 and should reach $2.3 billion by 2027, at a CAGR of 12.1% from 2022 to 2027. The growth of this market can be attributed to the increasing trade of space-based on-board computing platform, developments in the space sector and the industry of national security.
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Key Players of Space Embedded Computing Platform Market are BAE Systems (UK), L3harris Technologies (US), Lockheed Martin Corporation (US), Honeywell International Inc. (US) , Northrop Grumman Corp. (United States), Thales Group (France) and Lockheed Martin (USA). Other key market players are Space Ramon (Israel), LMO space (Luxemburg), and Cobham Gaisler AB (Sweden). The report covers various industry trends and new technological innovations in the Space Embedded Computing Platform Market for the period 2018-2027.
Growing use of COTS standard components and systems in critical space applications
Commercial off-the-shelf technology (COTS) is a component manufacturing standard in which an assembly or part is designed for commercial application; the manufacturer is solely responsible for establishing the performance specifications in this standard. Other factors such as configuration and reliability are also supported by the manufacturer, without any additional requirements imposed by the end user. The National Aeronautics and Space Administration (NASA) (USA), one of the world’s leading space organizations, has introduced these COTS standard components into spacecraft for specific and critical applications. Components are selected after careful qualification and selection.
X-Band segment is expected to grow at a highest CAGR over the forecast period, by communication frequency
X-band frequencies are used in most military satellites around the world because they have important performance characteristics such as fade tolerance. Features include interference tolerance, rain resistance, fair data rates, distance coverage, and more. Embedded space computing platforms for such applications are customized and designed according to customer requirements.
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Communications segment is expected to grow at the highest rate, by application, over the forecast period
Embedded space computing platforms are increasingly adopted in modern communication technologies. The introduction of 5G and the development of new hardware systems offer many opportunities in the field of satellite communication. An increase in R&D activities in communications-related missions is expected to deliver improved quality communications systems using highly sophisticated miniaturized on-board computing platforms, as well as advanced mission-compatible ground station technologies. Advances in technology have helped overcome major obstacles in providing efficient miniaturized on-board computing platforms for the advanced communications hardware on these satellites. This has been useful in generating higher data rates, thereby improving the overall communication capabilities of nanosatellites, microsatellites, and small satellites. Disaster management, asset tracking and mobile communication are important communication capabilities provided by small satellites. These satellites are able to accommodate more sophisticated payloads than traditional large satellites due to the use of improved spaceborne on-board computing platforms developed in recent years.
North America the region accounts for the largest market share in the space embedded computing platform market
North America dominated the space-based embedded computing platform market in 2021, with the United States accounting for the largest regional market share. The growing demand for Space on-board computing platforms in the United States and Canadaand usage of spaceborne computing platforms in different commercial and military satellite applications are key factors driving the market for North America.
Key Space Embedded Computing Platforms Market Players Present in North America include L3harris Technologies (US), Lockheed Martin Corporation (US), Honeywell International Inc. (US), Northrop Grumman Corp. (USA) and Lockheed Martin (USA). Other key players present in North America are York space Systems (USA) and Space Tango (USA).
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