Increase in space exploration missions and growing use of small satellites in various applications

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Global Space Embedded Computing Platform Market

Global Space Embedded Computing Platform Market

Global Space Embedded Computing Platform Market

Dublin, June 17, 2022 (GLOBE NEWSWIRE) — The “Space Embedded Computing Platform Market by Platform, Application (Earth Observation, Navigation, Communication, Military & Scientific), Orbit, Communication Frequency, Technology & Region (North America, Europe, APAC & RoW) – Forecasts until 2027″ report has been added to from ResearchAndMarkets.com offer.

The Embedded Space Computing Platform Market is estimated at USD 1.3 Billion in 2022 and is projected to reach USD 2.3 Billion by 2027, growing at a CAGR of 12.1% from 2022 to 2027.

The growth of this market can be attributed to the booming trade in space-based on-board computing platforms, developments in the defense industry and the national security industry.

Rise of space exploration missions

Public and private initiatives in space exploration with converging global interest in lunar exploration will increase in the coming future. Global government investment in space exploration totaled USD 14.6 billion in 2017, a 6% increase from 2016.

In terms of applications, lunar and Martian explorations should represent the majority of space missions to be launched by 2027, with lunar exploration becoming a central concern for private and public actors.

18 missions are expected to be launched for further deep space exploration, while the remaining missions will be dedicated to Mars exploration. Space explorations provide tangible and intangible benefits to humanity in the long term. Research and exploration in Low Earth Orbit (LEO) helps provide solutions for various global services, such as communication, global positioning, oceanography, surveillance and astronomy.

Thus, global spending has increased over the past 5 years, driven by programs in leading countries and new countries investing in space exploration. The development of high-tech space-based on-board computing platforms allows for more advanced functionality. Technological breakthroughs and insights from past space missions have inspired new players to invest in this market owing to the significant opportunities.

Growing use of small satellites in various applications

Small satellites are widely used in commercial, civil, government and military applications. The affordability of these satellite missions has enhanced civilian and commercial applications by providing an inexpensive way to explore well-targeted scientific research objectives, such as monitoring the space radiation environment, updating the field of international geomagnetic reference or the provision of an early proof of concept. for the development of massive infrastructure projects.

Several disadvantages, such as limited on-board power to support hardware components, poor attitude awareness accuracy, remote sensing control, and inadequate command and data processing capabilities, have already been identified. resolved. This has resulted in the development of advanced nanosatellite and microsatellite capabilities.

The in-orbit endurance of these satellites is also being developed to further extend mission capabilities. With these developments, small satellites can meet the requirements of various application fields, such as navigation, communications and Earth observation, thereby opening up opportunities for the growth of nanosatellite and microsatellite markets.
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Medium Satellites: The largest segment of the space-borne computing platform market, by platform.

Average satellites have a wet mass (including fuel) between 150 kg and 1000 kg.

Operating and manufacturing costs of onboard space computing platforms used in medium-sized satellites are higher than those of small satellites due to the presence of additional payloads, higher requirement for temperature tolerance and the harshness of the radiation. These satellites are used for applications such as climate and environmental monitoring, earth observation and meteorology, scientific research and exploration, and surveillance and security.

Low Earth Orbit (LEO): The Fastest Growing Segment of the Embedded Space Computing Platform Market, by Orbit

LEO’s satellites are placed between 500 and 1,500 kilometers above the Earth’s surface. They are visible for a duration of 95 to 120 minutes, as the satellites circulate in a lower orbit.

There is a growing demand for on-board space computing platform systems that manage all operations in CubeSats and small satellites, from orbit control and orbital transfers by controlling propulsion systems to managing its IO devices to perform the required tasks.

The growth of the space sector has led to greater use of advanced components, which create many opportunities for advances in space-borne computing platforms. Companies such as MDA (Canada), Endurosat (Bulgaria) and Ramon Space (Israel) are among the leading developers of onboard space computing platforms for LEO satellites used for Earth observation, communication and navigation applications. Earth.

North America: Largest contributing region in the Space Embedded Computing Platform Market

The United States and Canada are key countries considered for market analysis in the North American region. The space agencies of these countries are involved in the development of technologically advanced space on-board computing platforms.

Well-known and well-established manufacturers of these platforms, such as Lockheed Martin Corporation (USA), Northrop Grumman Corporation (USA), Honeywell International Inc. (USA), Raytheon Technologies Corporation (USA) and MDA (Canada), are based in this region.

Competitive landscape

SAAB AB (Sweden), Raytheon Technologies (USA), Honeywell International Inc. (USA), Thales Group (France), BAE Systems (UK), Leonardo SpA (Italy) and Northrop Grumman Corp. (United States) are among the market reports of major players operating in the Space Embedded Computing Platforms Market report.

Premium Previews

  • Increase in demand for communication satellites responsible for market growth

  • Order Market Navigation Segment from 2018 to 2027

  • Medium satellites are expected to dominate the market from 2018 to 2027

  • S band segment will dominate the market from 2018 to 2027

  • Low Earth Orbit segment will witness an upward trend from 2018 to 2027

  • The United States is expected to be the fastest growing market from 2022 to 2027

Market dynamics

Drivers

  • Rise of space exploration missions

  • Growing use of small satellites in various applications

  • Software-defined payloads for communication satellites

  • Application for Earth Observation Imagery and Analysis

  • New areas of application for Cubesats

Constraints

Opportunities

  • Use of software-defined technology for more flexibility in modified space missions

  • Development of satellite networks for Internet access in areas without broadband connectivity

  • Government investments in space technology

Challenges

Technological analysis

Use case

Industry trends

Supply chain analysis

Large companies

Emerging Industry Trends

Impact of megatrends

  • 5G space network

  • 5G Space Network Use Cases

  • Role of Leo satellites in 5G

  • Artes Telecommunications Space Initiative

  • Inmarsat will deploy a new type of 5G-enabled satellite network

  • 5G New satellite radio communication network

  • Deployment of Earth observation satellites

  • Earth Observation Satellite Launch Use Cases

  • Taranis launched by the French space agency (Cnes)

  • Eos-4 mission by Indian Space Research Organization (Isro)

Innovations and patent filings

Company Profiles

Key players

Other key players

  • Space Ruag

  • Space Ramon

  • Lmo space

  • Cobham Gaisler AB

  • Gauss S.r.l.

  • York Space Systems

  • Tango area

  • Contec

  • Space Isi

  • Endurosat

  • Orbital loft

For more information on this report, visit https://www.researchandmarkets.com/r/rrw5ji

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