Space Electronics Market Size and Share Analysis - Growth Trends and Forecasts (2025 - 2030)

The Space Electronics Market is Segmented by Platform (Satellite, Launch Vehicles, and Deep Space Probes), Application (Communication, Earth Observation, Navigation and Surveillance, Technology Development and Education, and Other Applications), Type (Radiation-Hardened and Radiation-Tolerant), and Geography (North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa). The Report Offers Market Size and Forecast for all the Above Segments in Value (USD).

Space Electronics Market Size and Share Analysis - Growth Trends and Forecasts (2025 - 2030)

Space Electronics Market Size

Space Electronics Market Summary
Study Period 2019 - 2030
Market Size (2025) USD 6.90 Billion
Market Size (2030) USD 9.52 Billion
CAGR (2025 - 2030) 6.65 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific
Market Concentration Low

Major Players

Space Electronics Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Space Electronics Market Analysis

The Space Electronics Market size is estimated at USD 6.90 billion in 2025, and is expected to reach USD 9.52 billion by 2030, at a CAGR of 6.65% during the forecast period (2025-2030).

The space electronics market is witnessing robust growth, propelled by increased satellite launches, escalating investments in the space sector, and a global push for enhanced communication and navigation. Notably, the space sector is witnessing a surge in investments, with a rising appetite for ventures like interplanetary exploration and potential space mining, further fueling the market expansion.

Moreover, the rising adoption of geospatial systems for heightened surveillance and quicker response times, coupled with advancements in microelectronics, is pivotal. These advancements enable the development of sophisticated space-based systems with advanced features while driving down associated research and development costs.

As satellites find an expanding array of applications from surveillance and navigation to weather forecasting, bolstering network connectivity, and even integrating IoTs across commercial, governmental, and civil-military sectors, and the market is presented with ample growth opportunities.

The market faces hurdles in the form of high design and development costs for space-based electronics, alongside the complexity of creating realistic testing environments.

Space Electronics Industry Overview

The space electronics market is fragmented, with several players active in this sector. Prominent players include Cobham Limited, Microchip Technology Inc., BAE Systems PLC, STMicroelectronics NV, and Honeywell International Inc., with expertise in designing and manufacturing advanced electronic systems for space missions.

Leading players primarily rely on contracts to sustain their market dominance, complemented by the launch of innovative products featuring state-of-the-art technologies. Meanwhile, smaller specialized firms and startups are carving out their niches, concentrating on radiation-hardened electronics, satellite communication systems, and propulsion electronics. Key market drivers include technological progress, a rising appetite for satellites, and robust government backing for space exploration and national security.

Space Electronics Market Leaders

  1. Cobham Limited

  2. Microchip Technology Inc.

  3. BAE Systems plc

  4. Honeywell International Inc.

  5. STMicroelectronics N.V.

  6. *Disclaimer: Major Players sorted in no particular order
Space Electronics Market Concentration
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Space Electronics Market News

  • November 2023: the Office of Naval Research (ONR) awarded BAE Systems’ FAST Labs research and development organization a USD 5 million contract for the COALESCE (Common-architecture Amplifier for Low-cost, Efficient, SWaP-Constrained Environments) program. Under this contract, BAE Systems’ FAST Labs will focus on developing advanced Gallium Nitride (GaN)-based monolithic microwave integrated circuit (MMIC) and module electronics.
  • October 2023: Honeywell secured a significant five-year, Indefinite Delivery Indefinite Quantity (IDIQ) contract from the Defense Information Systems Agency, acting on behalf of the United States Space Force. This contract, valued at USD 900 million, bolsters the Space Force's Proliferated Low Earth Orbit program.

Space Electronics Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Market Overview
  • 4.2 Market Drivers
  • 4.3 Market Restraints
  • 4.4 Porter's Five Forces Analysis
    • 4.4.1 Threat of New Entrants
    • 4.4.2 Bargaining Power of Buyers/Consumers
    • 4.4.3 Bargaining Power of Suppliers
    • 4.4.4 Threat of Substitute Products
    • 4.4.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION

  • 5.1 By Platform
    • 5.1.1 Satellite
    • 5.1.2 Launch Vehicles
    • 5.1.3 Deep Space Probes
  • 5.2 By Application
    • 5.2.1 Communication
    • 5.2.2 Earth Observation
    • 5.2.3 Navigation and Surveillance
    • 5.2.4 Technology Development and Education
    • 5.2.5 Other Applications
  • 5.3 By Type
    • 5.3.1 Radiation-hardened
    • 5.3.2 Radiation-tolerant
  • 5.4 Geography
    • 5.4.1 North America
    • 5.4.1.1 United States
    • 5.4.1.2 Canada
    • 5.4.2 Europe
    • 5.4.2.1 United Kingdom
    • 5.4.2.2 Germany
    • 5.4.2.3 France
    • 5.4.2.4 Russia
    • 5.4.2.5 Rest of Europe
    • 5.4.3 Asia-Pacific
    • 5.4.3.1 India
    • 5.4.3.2 China
    • 5.4.3.3 Japan
    • 5.4.3.4 South Korea
    • 5.4.3.5 Rest of Asia-Pacific
    • 5.4.4 Latin America
    • 5.4.4.1 Brazil
    • 5.4.4.2 Rest of Latin America
    • 5.4.5 Middle East and Africa
    • 5.4.5.1 United Arab Emirates
    • 5.4.5.2 Saudi Arabia
    • 5.4.5.3 Israel
    • 5.4.5.4 Rest of Middle East and Africa

6. COMPETITIVE LANDSCAPE

  • 6.1 Vendor Market Share
  • 6.2 Company Profiles
    • 6.2.1 BAE Systems PLC
    • 6.2.2 Cobham Limited
    • 6.2.3 Honeywell International Inc.
    • 6.2.4 Microchip Technology Inc.
    • 6.2.5 HEICO Corporation
    • 6.2.6 STMicroelectronics NV
    • 6.2.7 Teledyne Technologies Incorporated
    • 6.2.8 TT Electronics PLC
    • 6.2.9 Texas Instruments Incorporated
    • 6.2.10 Advanced Micro Devices Inc.
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Space Electronics Industry Segmentation

Space electronics encompasses electronic components, systems, and equipment tailored for space missions. These technologies are engineered to endure the harsh conditions of space, such as radiation, vacuum, temperature fluctuations, and mechanical strains.

The space electronics market is segmented by platform, application, type, and geography. By platform, the market is segmented into satellites, launch vehicles, and deep space probes. By application, the market is segmented into communication, earth observation, navigation and surveillance, technology development and education, and other applications. By type, the market is segmented into radiation-hardened and radiation-tolerant. The report also covers the market sizes and forecasts for the space electronics market in major countries across different regions. The market size is provided for each segment in terms of value (USD).

By Platform Satellite
Launch Vehicles
Deep Space Probes
By Application Communication
Earth Observation
Navigation and Surveillance
Technology Development and Education
Other Applications
By Type Radiation-hardened
Radiation-tolerant
Geography North America United States
Canada
Europe United Kingdom
Germany
France
Russia
Rest of Europe
Asia-Pacific India
China
Japan
South Korea
Rest of Asia-Pacific
Latin America Brazil
Rest of Latin America
Middle East and Africa United Arab Emirates
Saudi Arabia
Israel
Rest of Middle East and Africa
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Space Electronics Market Research FAQs

How big is the Space Electronics Market?

The Space Electronics Market size is expected to reach USD 6.90 billion in 2025 and grow at a CAGR of 6.65% to reach USD 9.52 billion by 2030.

What is the current Space Electronics Market size?

In 2025, the Space Electronics Market size is expected to reach USD 6.90 billion.

Who are the key players in Space Electronics Market?

Cobham Limited, Microchip Technology Inc., BAE Systems plc, Honeywell International Inc. and STMicroelectronics N.V. are the major companies operating in the Space Electronics Market.

Which is the fastest growing region in Space Electronics Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).

Which region has the biggest share in Space Electronics Market?

In 2025, the Asia Pacific accounts for the largest market share in Space Electronics Market.

What years does this Space Electronics Market cover, and what was the market size in 2024?

In 2024, the Space Electronics Market size was estimated at USD 6.44 billion. The report covers the Space Electronics Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Space Electronics Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Space Electronics Industry Report

Statistics for the 2025 Space Electronics market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Space Electronics analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.