Advancement in Space Programs to Benefit Space Semiconductor Industry

Space semiconductor market is anticipated to grow at a CAGR of 5.6% during the forecast period (2024–2031). Constant improvements in space technology and mission deployment by public and private entities to bolster domestic space capabilities in areas like communication, exploration, research, and navigation are driving global market growth. The demand and development of space semiconductors have been positively influenced by novel space technology, such as small satellites, high-throughput satellites (HTS), and smart space systems, among others. 

Browse the full report description of “Space Semiconductor Market Size, Share & Trends Analysis Report by Type (Radiation Hardened Grade, and Radiation Tolerant Grade), by Component (Microprocessor, Integrated Circuits, Discrete Semiconductors Devices, Optical Devices, and Others), and by Application (Launch Vehicle, Deep Space Probe, and Rover and Lander) Forecast Period (2024-2031)” at https://www.omrglobal.com/industry-reports/space-semiconductor-market

Several modern spacecraft systems and parts, including memory chips, microprocessors, and guidance, navigation, and control (GN&C) systems, depend on space semiconductors to function. It also plays an essential function in providing radiation protection, heat dissipation, power supply, and communication within a spaceship. As a result, it needs to be continuously developed to meet the needs of space missions and vehicle upgrades.  

Recent Developments

• In February 2024, Sivers Semiconductors AB announced the extension of its chipset deal with Thorium Space. This $2.9 million second phase will focus on advanced development and validation of the chipsets created in the first phase, setting the framework for future large-scale manufacture. The company expects to generate revenue of up to $2.1 million from this contract in 2024. This new deal marks the continuation and expansion of the collaboration between Sivers Wireless, a Sivers Semiconductors business unit, and the Polish satellite communication systems pioneer.

• In August 2022, NASA's Jet Propulsion Laboratory in Southern California selected Microchip Technology Inc. of Chandler, Arizona to create a High-Performance Spaceflight Computing (HPSC) processor with at least 100 times the computing capacity of current spaceflight computers. This critical feature would benefit all types of future space missions, including planetary exploration, and lunar and Mars surface expeditions.

Market Coverage  

· The market number available for 2024-2031 

· Base year: 2023 

· Forecast period: 2024-2031 

· Segment Covered- 

o By Type

o By Component

o By Application

· Regions Covered- 

o North America 

o Europe 

o Asia-Pacific 

o Rest of the World

• Competitive Landscape: Advanced Micro Devices, Inc., BAE Systems plc, CAES Systems LLC, Honeywell International Inc., and STMicroelectronics N.V. among others.

Key questions addressed by the report 

• What is the market's growth rate? 
• Which segment and region dominate the market in the base year? 
• Which segment and region will project the fastest growth in the market? 
• Who is the leader in the market? 
• How are players addressing challenges to sustain growth? 
• Where is the investment opportunity? 

Global Space Semiconductor Market Report Segment 

By Type

• Radiation Hardened Grade
• Radiation Tolerant Grade

By Component

• Microprocessor
• Integrated Circuits
• Discrete Semiconductors Devices
• Optical Devices
• Others (Memory, Sensors)

By Application

• Launch Vehicle
• Deep Space Probe
• Rover and Lander

Global Space Semiconductor Market Report Segment by Region 

North America 

· United States 

· Canada 

Europe 

· UK 

· Germany 

· Italy 

· Spain 

· France 

· Rest of Europe 

Asia-Pacific 

· China 

· India 

· Japan 

· South Korea 

· Rest of Asia-Pacific 

Rest of the World 

· Latin America

· The Middle East and Africa

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