Space Semiconductor Market
Space Semiconductor Market Forecasts to 2030 - Global Analysis by Type (Radiation Hardened Grade and Radiation Tolerant Grade), Technology (Power Semiconductors, Optoelectronics, Semiconductor Sensors, Memory and Data Storage Semiconductors and Other Technologies), Component, Application, End User and By Geography
According to Stratistics MRC, the Global Space Semiconductor Market is accounted for $1.13 billion in 2024 and is expected to reach $1.82 billion by 2030 growing at a CAGR of 8.2% during the forecast period. Space semiconductors are specialized electronic components designed to withstand the harsh and extreme conditions of space, such as intense radiation, temperature swings, and vacuum. Applications in space, such as satellite systems, space exploration, communication technology, and military systems, depend heavily on these semiconductors. They are designed to resist deterioration brought on by radiation, guaranteeing dependable operation for extended periods of time. Radiation-hardened integrated circuits (ICs), power devices, sensors, and optoelectronics are important categories of space semiconductors.
According to US Government Accountability Office (GAO) projects that 58,000 new satellites will be launched by the end of the decade, more than doubling the current number of operational spacecraft.
Market Dynamics:
Driver:
Rising Demand for Communication Satellites
The increased need for communication satellites is boosting the space semiconductor market, as these satellites rely on modern semiconductor components for effective data processing and transmission. The demand for dependable, high-performance semiconductors has increased due to the expansion of satellite constellations like Starlink, 5G networks, and worldwide internet coverage. The market is growing because space-grade semiconductors, like radiation-hardened integrated circuits and power devices, are essential for reliable satellite operations in the hostile space environment.
Restraint:
High Manufacturing and Qualification Costs
The high manufacturing and qualification costs of space semiconductors have a substantial market-limiting effect. Production costs are raised by the need for specific procedures, stringent testing, and lengthy certification periods to create radiation-hardened and extremely dependable components for space applications. These exorbitant expenses may limit market expansion. Because of this, space semiconductor producers frequently encounter financial obstacles restricts accessibility and delays the space industry's adoption of cutting-edge technologies.
Opportunity:
Advancements in Semiconductor Technology
Advances in semiconductor technology are propelling the space semiconductor market forward by allowing for the development of more efficient, compact, and dependable space components. Radiation-hardened semiconductors, increased power efficiency, and better temperature control are some of the innovations that have made space electronics more robust and able to withstand harsh environments. The space sector is growing as a result of these technological advancements, which also support complex space missions, improve satellite performance, and increase demand for next-generation semiconductors.
Threat:
Limited Availability of Space-Qualified Semiconductors
The market for space semiconductors is severely constrained by the scarcity of space-qualified semiconductors. Due to supply chain constraints, only a small number of manufacturers provide the highly specialized, radiation-hardened semiconductors needed for space applications. Timelines for satellite and space missions are delayed and costs rise as a result of this constrained supply. Additionally, it reduces market competition and innovation by restricting the range of components that are available and making space programs rely on a limited number of suppliers.
Covid-19 Impact:
The COVID-19 pandemic disrupted the space semiconductor market by causing delays in manufacturing, testing, and supply chains. Lockdowns, travel restrictions, and workforce shortages slowed the production of space-grade semiconductors and impacted satellite launches. Additionally, reduced investments in space exploration and commercial space projects during the pandemic temporarily slowed market growth.
The optoelectronics segment is expected to be the largest during the forecast period
The optoelectronics segment is expected to be the largest during the forecast period as optoelectronic components such as sensors, lasers, and photodetectors are essential for space applications like imaging, communication, and remote sensing. These components enable high-resolution satellite imaging, advanced communication systems, and precise measurements in space exploration. As space missions become more sophisticated, the need for optoelectronic semiconductors that can withstand harsh space environments and deliver reliable performance is increasing, fueling market growth in the space sector.
The integrated circuits segment is expected to have the highest CAGR during the forecast period
The integrated circuits segment is expected to have the highest CAGR during the forecast period because these components are crucial for space systems, including satellites, communication systems, and space exploration missions. ICs provide compact, reliable, and efficient solutions for processing data, controlling systems, and powering space electronics. As space applications require increasing processing power, miniaturization, and radiation resistance, the need for advanced space-grade ICs grows, driving innovation and expanding the market for semiconductors in space technologies.
Region with largest share:
North America is projected to hold the largest market share during the forecast period because government agencies like NASA, along with private companies such as SpaceX and Boeing, are increasing demand for high-performance, radiation-hardened semiconductors for satellite communication, defense systems, and space missions. The region’s focus on space innovation, including new satellite constellations and space exploration programs, is boosting the adoption of advanced semiconductor technologies, driving market growth in North America.
Region with highest CAGR:
Asia Pacific is projected to witness the highest CAGR over the forecast period due to the region's expanding space programs and satellite deployments. Countries like China, India, and Japan are increasing investments in space exploration, satellite communication, and navigation systems, driving demand for high-performance semiconductors. The growing adoption of small satellites (CubeSats) and advancements in space technology are further fueling the need for radiation-hardened and efficient semiconductor solutions, making Asia Pacific a key growth area for the space semiconductor industry.
Key players in the market
Some of the key players in Space Semiconductor Market include Advanced Micro Devices, Inc., Aerospace Corporation, AMD-Xilinx, Inc, BAE Systems Plc, Cobham Limited, Infineon Technologies AG, Keysight Technologies, Microchip Technology Incorporated, Renesas Electronics Corporation, Ruag Space, Solitron Devices, Inc., STMicroelectronics N.V., Teledyne Technologies Incorporated, Texas Instruments Incorporated and Vishay Intertechnology.
Key Developments:
In October 2024, Texas Instruments announced it has begun production of gallium nitride (GaN)-based power semiconductors at its factory in Aizu, Japan. Coupled with its existing GaN manufacturing in Dallas, Texas, TI will now internally manufacture four times more GaN-based power semiconductors, as Aizu ramps to production.
In August 2024, Texas Instruments and the U.S. Department of Commerce have signed a non-binding Preliminary Memorandum of Terms for up to $1.6 billion in proposed direct funding under the CHIPS and Science Act to support three 300mm wafer fabs already under construction in Texas and Utah.
In June 2024, Texas Instruments announced a long-term collaboration with Delta Electronics, a global power and energy management manufacturer, to create next-generation electric vehicle (EV) onboard charging and power solutions.
Types Covered:
• Radiation Hardened Grade
• Radiation Tolerant Grade
Technologies Covered:
• Power Semiconductors
• Optoelectronics
• Semiconductor Sensors
• Memory and Data Storage Semiconductors
• Other Technologies
Components Covered:
• Microprocessor
• Integrated Circuits
• Discrete Semiconductors Devices
• Optical Devices
• Memory
• Sensors
• Others Components
Applications Covered:
• Satellite Communication
• Satellite Payloads
• Space Exploration
• Launch Vehicles
• Ground Stations
• Other Applications
End Users Covered:
• Commercial Space
• Government and Defense
• Aerospace & Defense
• Space Exploration
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Technology Analysis
3.7 Application Analysis
3.8 End User Analysis
3.9 Emerging Markets
3.10 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Space Semiconductor Market, By Type
5.1 Introduction
5.2 Radiation Hardened Grade
5.3 Radiation Tolerant Grade
6 Global Space Semiconductor Market, By Technology
6.1 Introduction
6.2 Power Semiconductors
6.3 Optoelectronics
6.4 Semiconductor Sensors
6.5 Memory and Data Storage Semiconductors
6.6 Other Technologies
7 Global Space Semiconductor Market, By Component
7.1 Introduction
7.2 Microprocessor
7.3 Integrated Circuits
7.4 Discrete Semiconductors Devices
7.5 Optical Devices
7.6 Memory
7.7 Sensors
7.8 Others Components
8 Global Space Semiconductor Market, By Application
8.1 Introduction
8.2 Satellite Communication
8.3 Satellite Payloads
8.4 Space Exploration
8.5 Launch Vehicles
8.6 Ground Stations
8.7 Other Applications
9 Global Space Semiconductor Market, By End User
9.1 Introduction
9.2 Commercial Space
9.3 Government and Defense
9.4 Aerospace & Defense
9.5 Space Exploration
9.6 Other End Users
10 Global Space Semiconductor Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa
11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies
12 Company Profiling
12.1 Advanced Micro Devices, Inc.
12.2 Aerospace Corporation
12.3 AMD-Xilinx, Inc
12.4 BAE Systems Plc
12.5 Cobham Limited
12.6 Infineon Technologies AG
12.7 Keysight Technologies
12.8 Microchip Technology Incorporated
12.9 Renesas Electronics Corporation
12.10 Ruag Space
12.11 Solitron Devices, Inc.
12.12 STMicroelectronics N.V.
12.13 Teledyne Technologies Incorporated
12.14 Texas Instruments Incorporated
12.15 Vishay Intertechnology
List of Tables
1 Global Space Semiconductor Market Outlook, By Region (2022-2030) ($MN)
2 Global Space Semiconductor Market Outlook, By Type (2022-2030) ($MN)
3 Global Space Semiconductor Market Outlook, By Radiation Hardened Grade (2022-2030) ($MN)
4 Global Space Semiconductor Market Outlook, By Radiation Tolerant Grade (2022-2030) ($MN)
5 Global Space Semiconductor Market Outlook, By Technology (2022-2030) ($MN)
6 Global Space Semiconductor Market Outlook, By Power Semiconductors (2022-2030) ($MN)
7 Global Space Semiconductor Market Outlook, By Optoelectronics (2022-2030) ($MN)
8 Global Space Semiconductor Market Outlook, By Semiconductor Sensors (2022-2030) ($MN)
9 Global Space Semiconductor Market Outlook, By Memory and Data Storage Semiconductors (2022-2030) ($MN)
10 Global Space Semiconductor Market Outlook, By Other Technologies (2022-2030) ($MN)
11 Global Space Semiconductor Market Outlook, By Component (2022-2030) ($MN)
12 Global Space Semiconductor Market Outlook, By Microprocessor (2022-2030) ($MN)
13 Global Space Semiconductor Market Outlook, By Integrated Circuits (2022-2030) ($MN)
14 Global Space Semiconductor Market Outlook, By Discrete Semiconductors Devices (2022-2030) ($MN)
15 Global Space Semiconductor Market Outlook, By Optical Devices (2022-2030) ($MN)
16 Global Space Semiconductor Market Outlook, By Memory (2022-2030) ($MN)
17 Global Space Semiconductor Market Outlook, By Sensors (2022-2030) ($MN)
18 Global Space Semiconductor Market Outlook, By Others Components (2022-2030) ($MN)
19 Global Space Semiconductor Market Outlook, By Application (2022-2030) ($MN)
20 Global Space Semiconductor Market Outlook, By Satellite Communication (2022-2030) ($MN)
21 Global Space Semiconductor Market Outlook, By Satellite Payloads (2022-2030) ($MN)
22 Global Space Semiconductor Market Outlook, By Space Exploration (2022-2030) ($MN)
23 Global Space Semiconductor Market Outlook, By Launch Vehicles (2022-2030) ($MN)
24 Global Space Semiconductor Market Outlook, By Ground Stations (2022-2030) ($MN)
25 Global Space Semiconductor Market Outlook, By Other Applications (2022-2030) ($MN)
26 Global Space Semiconductor Market Outlook, By End User (2022-2030) ($MN)
27 Global Space Semiconductor Market Outlook, By Commercial Space (2022-2030) ($MN)
28 Global Space Semiconductor Market Outlook, By Government and Defense (2022-2030) ($MN)
29 Global Space Semiconductor Market Outlook, By Aerospace & Defense (2022-2030) ($MN)
30 Global Space Semiconductor Market Outlook, By Space Exploration (2022-2030) ($MN)
31 Global Space Semiconductor Market Outlook, By Other End Users (2022-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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