Space Semiconductor Market by Application (Satellite, Launch Vehicles, Deep Space Probe, Rovers, Landers, Others), by Type (Radiation Hardened Grade, Radiation Tolerant Grade, Others), by Component (Integrated Circuits, Discrete Semiconductors Devices, Optical Devices, Microprocessor, Memory, Sensors, Others), by By Geography (North America) Forecast 2024-2032
The Space Semiconductor Marketsize was valued at USD 1.05 USD Billion in 2023 and is projected to reach USD 1.60 USD Billion by 2032, exhibiting a CAGR of 6.2 % during the forecast period. Space semiconductors are saving devices indicated for application in space environments because of their ability to work in extreme conditions. These semiconductors need to be able to sustain severe thermal, radiation, and vacuum conditions which are characteristic of space programs. Various space semiconductors are radiation-hardened integrated circuits, high-reliability transistors, specified memory, etc. Some of them are radiation resistant, have a wide temperature operating range, and are highly reliability for longer service. Applicable across space missions; satellite systems, space probes, spacecraft electronics. They are mainly for preserving the functionality of in situ communication circuitries, space navigation tools, and scientific tools in nature and space missions, satellites, etc. The key to the creation of space semiconductors is the consideration of performance and durability in such circumstances.
By Application:
By Type:
By Component:
March 2023: SEEQC unveils a digital chip designed to operate in cryogenic temperatures for quantum computing applications.
February 2023: Lux Semiconductors secures funding for the development of its "System-on-Foil" process to improve microelectronics performance for space applications.
November 2022: Texas Instruments expands its space-grade analog semiconductors and introduces the Space High-Grade (SHP) qualification for radiation-hardened products in plastic packages.
August 2022: Microchip Technology secures a contract to develop the next-generation processor for spaceflight computing with enhanced performance.
March 2022: STMicroelectronics launches a series of radiation-hardened ICs in low-cost plastic packages for satellite electronics.
North America: Maintains a dominant position due to substantial investments in NASA and private space ventures, as well as the presence of leading semiconductor manufacturers such as Texas Instruments and Analog Devices.
Europe: Notable players such as Infineon and STMicroelectronics contribute significantly to the market, focusing on high-performance and radiation-resistant semiconductors.
Asia-Pacific: Growing investments in space exploration and satellite communication, particularly in countries like China, India, and Japan, drive market expansion.
Rest of the World: Emerging markets, such as Brazil and Argentina, exhibit potential for growth as they enhance their space capabilities and adopt space semiconductor technologies.
Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 6.2% from 2018-2032 |
Segmentation |
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Aspects | Details |
---|---|
Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 6.2% from 2018-2032 |
Segmentation |
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Note* : In applicable scenarios
Primary Research
Secondary Research
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