Space Electronics Market Analysis, Trends, Growth, Size, Share and Forecast 2019-2024

Semiconductors are the building blocks for electronics components, and electronic components are essential for various applications ranging in complexity from space applications to simple timers. Electronic components are highly susceptible to damage and malfunctions caused by radiations, resulting in the displacement or ionizing damage. Harsh environment in space is mainly generated from naturally occurring radiations through the sun, galactic and extra-galactic, naturally-occurring radioactive materials found on Earth, and the Earth Van Allen Belt. To ensure the reliable operation of electronics in such environments, the electronic components are tested and validated to be used in space.

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The global space electronics market research study offers a wide perspective on the analysis of the industry. The research is based on extensive primary interviews (in-house experts, industry leaders, and market players) and secondary research (a host of paid, and unpaid databases), along with the analytical tools, that have been used to build the forecast and the predictive models.

Electronic components, which are equipped in satellites, launch vehicles, and deep space probes, hold huge importance, and require verification and testing in order to ensure their functionality. This is largely due to high degree of radiations in the space environment. Space contains high level of radiations that can potentially cause anomalies in the space electronics components operability. Single-event effects (SEEs), Electrostatic discharge (ESD), total ionizing dose (TID), and cumulative radiation damage are the major concerns for the space electronics market. Therefore, component designing is done in such ways that electrical components can operate and survive reliably in high-radiation environments. The electronic components used in the space are either radiation hardened or radiation tolerant depending upon the mission. Since electronic components play huge role in the success of a mission, there have been continuing advancements in semiconductor and electronics technology, leading to the development of small and light-weight electronic products.

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The era of satellites particularly for earth observation began many years ago in 1957 with the launch of Sputnik 1 satellite, which was launched with a radio, thermometer and battery. However, the space electronics industry has come a long way in decades leading miniaturization in the components and enabling stacking multiple components on single circuits with the invention of microcontrollers (MCUs). Satellites used to be of huge in size and with heavy payloads, however with the help of MCUs, the resultant electronic circuits become small in size and less complex along with consuming less power. This resulted in the advent of small satellites, which is a major traction in the overall space industry currently.

With increasing popularity of small satellites which operate in low Earth orbit (LEO) for three to five years, space components require less degree of validated components and are manufactured with commercially off-the-shelf (COTS). Commercial components can potentially save the costs indulged in testing and validation process in addition to implementation, since real-time operating systems and software tools, which are commercially available, can be employed on them.

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