The space shuttle computing platform market is estimated to be $ 1.3 billion in 2022 and is projected to reach $ 2.3 billion by 2027, at a CAGR of 12.1% from 2022 to 2027.



Growth of this market can be attributed to the increase in trade of space on-board computer platform, developments in the defense sector and national security sector. Increase in space exploration missions

New York, May 13, 2022 (GLOBE NEWSWIRE) – announces the release of the report “Space Ship Computer Platform Market by Platform, Application, Orbit, Communication Frequency, Technology and Region – Forecast to 2027” –
Public and private initiatives in space exploration with converging global interest in lunar exploration will increase in the near future. Global government investment in space exploration totaled $ 14.6 billion in 2017, up 6% from 2016. According to applications, lunar and Martian exploration are expected to account for the majority of space missions to be launched by 2027, as lunar exploration becomes the focus of private and public stakeholders. 18 missions are expected to be launched for another deep space exploration, while the remaining missions will be dedicated to Mars exploration.

Space exploration delivers tangible and intangible benefits to humanity in the long run. Low Earth Orbit (LEO) research and exploration help provide solutions for a variety of global services, such as communication, global positioning, oceanography, surveillance, and astronomy.

Thus, global spending has grown in the past 5 years, driven by programs in leading countries and new countries investing in space exploration. The development of high-tech space on-board computer platforms enables more advanced features.

Technological successes and insights from past space missions have inspired new players to invest in this market because of the important opportunities.

Increasing use of small satellites in various applications
Small satellites have gained widespread use in commercial, civil, government, and military applications. The affordability of these satellite missions has enhanced civil and commercial applications by offering a cost-effective way to explore well-focused scientific research objectives, such as monitoring the space radiation environment, updating the international geomagnetic reference field, or providing early proof-of-concept. for the development of colossal infrastructure projects.
Several disadvantages, such as the limited onboard power supply for hardware components support, low accuracy in voltage sensing, control for remote sensing, and inadequate command and data processing capabilities, have already been addressed. This resulted in the development of advanced. nanosatellite and microsatellite capabilities.

In-orbit autonomy from such satellites is also being developed to further extend mission capabilities. As a result of these developments, small satellites can meet the requirements of various application areas, such as navigation, communication and earth observation, thus opening up opportunities for the growth of the nanosatellite and microsatellite markets.
Intermediate Satellites: The largest segment of the Space Platform’s built-in computing platform.

Medium satellites have a wet mass (including fuel) between 150 kg and 1,000 kg. The operating and production costs of spaceborne computing platforms used in medium-sized satellites are higher than those of small satellites due to the presence of additional payloads, higher demand for temperature tolerance and radiation hardness. These satellites are used for applications such as climate. & environmental monitoring, Earth observation & meteorology, scientific research & research, and surveillance & security.

Low Earth Orbit (LEO): The fastest growing segment of Orbit’s space shuttle computing platform market “
Satellites in the LEO are placed between 500 and 1,500 kilometers above the Earth’s surface. They are visible for a period of 95 to 120 minutes, as satellites orbit in a lower orbit.

There is a growing demand for spaceborne on-board computing systems that manage all operations in CubeSats and small satellites, from direct orbital control and in-orbit transfers by controlling propulsion systems to managing its IO devices to perform the required tasks.The growth of space. sector has led to the greater use of advanced components, which create many opportunities for advances in space on-board computing platforms.

Companies such as MDA (Canada), Endurosat (Bulgaria), and Ramon Space (Israel) are some of the key developers of space shore computing platforms for LEO satellites that are used for Earth observation, communication, and navigation applications.

North America: The largest contributing region in the space shuttle computing platform market.

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

Well-established and leading 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.

Breakdown of primaries
The study contains insights from a variety of industry experts, from component suppliers to Tier 1 companies and OEMs. The breakdown of the primaries is as follows:
• By Company Type: Tier 1–35%; Level 2-45%; and Level 3-20%
• ByDesignation: CLevel – 35%; Directors – 25%; and Others – 40%
• By Region: North America – 40%; Europe – 20%; Asia-Pacific – 30%; Middle East & Africa – 5%; and South America – 5%

SAAB AB (Sweden), Raytheon Technologies (USA), Honeywell International Inc. (USA), Thales Group (France), BAE Systems (UK), Leonardo SpA (Italy), and Northrop Grumman Corp. (USA) are some of the main players acting in the report on a space shuttle market platform.

Research Coverage
The study covers the space onboard computing platform market across various segments and subsegments. It aims to assess the size and growth potential of this market across different segments based on Application, Platform, Communication Frequency, Orbit, Technology and region.

This study also includes an in-depth competitive analysis of the major market players, along with their company profiles, key observations related to their product and business offerings, recent developments made by them and key market strategies adopted by them.

Reasons to purchase this Report
This report is expected to assist market leaders / novices with information on the closest approximations of the revenue numbers for the overall space on-board computing platform market and its segments. This study is also expected to provide regional information on end use, and in which space on-tablet computer platforms are used.

This report aims to help stakeholders understand the competitive landscape of the market, gain insights to improve the position of their businesses and plan appropriate marketing strategies. This report is also expected to help them understand the pulse of the market and provide them with information on key drivers, limits, challenges and opportunities influencing the growth of the market.
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