Space On-board Computing Platform Market Size Share Forecast to 2027

1
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REPORTS (/TOP-MARKET-REPORTS.ASP) ? SPACE
ON-BOARD COMPUTING PLATFORM MARKET 7500
COMPANIES WORLDWIDE APPROACH US EVERY YEAR FOR
THEIR REVENUE GROWTH INITIATIVES KSNpOaWcMeOROE
n-(b/KonoawlreddgeCstoorem.asppuretqiunesgt_frPee
l_atritafl)orm Market by Platform, Application
(Earth Observation, Navigation, Communication,
Military Scientific), Orbit, Communication
Frequency, Technology, and Region (North America,
Europe, APAC and RoW) - Forecast to 2027 FREE
BROCHURE (/pdfdownloadNew.asp?id227324327) FREE
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Report Code AS 8097May, 2022, by
marketsandmarkets.com DESCRIPTION TABLE OF
CONTENTS METHODOLOGY DOWNLOAD PDF
(/PDFDOWNLOADNEW.ASP?ID227324327) 223 Pages
Report The Space on-board computing platform
market is estimated to be USD 1.3 billion in 2022
and is projected to reach USD 2.3 billion by
2027, at a CAGR of 12.1 from 2022 to 2027. The
market is driven by factors such as innovations
in Space on-board computing platform used in
navigation and communication satellites across
the world.
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ral challenges for many industries. The Aerospace
defense industry is no exception to o the
defense sector has been reduced by several
countries due to the COVID-19 research projects
on hold. The export of Space on-board computing
platform to several c(/o) untries in the Middle
East, Africa, and Latin America has also been
reduced. All these scenarios affect the
development of Space on-board computing platform.
COVID-19 has led to seve that. The budget
allotted t pandemic. This puts most
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re-defined payloads for communication
satellites Software-defined payload is considered
the central unit of a software-defined satellite.
It is responsible for providing core
functionality and purpose for a particular
application. Various end users, basically
commercial industries, such as oil and gas,
mining, and agriculture, utilize software-defined
satellites for their product mapping, earth
exploration, and communication. Conventional
satellites were earlier tailored to comply with
single mission requirements. Satellite developers
are gradually adopting the vision of
software-defined satellites that can be
reprogrammed and reconfigured to allow a
satellite to take up new applications and expand
its performance. Different technologies such as
reconfigurable payload, AI, cloud computing, and
software-defined radio are embedded in the
satellites, which allow them to be
reconfigurable and flexible. Thus, increased
demand for software-defined payloads has driven
the space on-board computing platforms
market. Opportunity Use of software-defined
technology for flexibility to alter space
missions Flexibility and the ability to
reconfigure a satellite that is already in orbit
are some applications demanded by operators. The
ability to adjust the spacecraft to the changing
needs of the market is essential for operators of
Geostationary Orbit (GEO) satellites that
usually have lifespans of 15 years or more. That
might include moving a satellite into a
different position or switching its functionality
from TV broadcasting to internet
connectivity?something that would be impossible
with the traditional hardware-defined
satellites. In 2021, American satellite
manufacturer Lockheed Martin launched a bunch of
CubeSats into the LEO. These CubeSats were
different from regular CubeSats
(https//www.marketsandmarkets.com/Market-Reports/
cubesat- market-58068326.html). They were
launched in formations, act as a space-based
cloud computing platform, process data onboard,
and have their functionality changed through
software updates beamed from the ground during
the mission. This demonstrated the entry of the
company into software-defined satellites that
rely on generic hardware, flexible software, and
an advanced and distributed space on-board
computing platform to define their
missions. With its hi-tech on-board computing
platform, software-defined technology provides
the flexibility they need and could also reduce
costs in the future. However, manufacturers and
operators have already introduced partially
software-defined satellites for LEO and MEO
constellations. Thus, software-defined technology
has created growth opportunities for the space
on-board computing platform market.
Challenges Use of COTS components and systems
in satellites Increasing use of
Commercial-off-the-shelf (COTS) based components
and systems in satellite payloads is expected to
pose a challenge for the space on-board computing
platform. The Commercial-off-the-shelf (COTS)
components and systems have different
specifications than the MIL-STD components, and
their specifications are the sole responsibility
of the manufacturer. It is required to study the
component and system well and decide whether it
is compatible with the satellite. Hence, it poses
a challenge for space on-board computing
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ing platform used in navigation satellites to
lead the Space on-board computing cation, during
the forecast period g platforms are useful for
mapping of the Earth and navigation across
regions. The data (c/o) llected through these
applications is processed through the web of
satellites by their on-board computing
platforms, which enables the development of exact
maps of the Earth?s surface. These platforms
improve the HpOeMrEfo(r/)maABnOcUeToUfSG(/APBSO-U
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Space on-board comput platform market by
appli Space on-board computin
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previously possible only with traditional and
larger satellites. Many transportation and marine
companies are investing more in small satellite
and medium satellites to develop better
navigation and tracking systems. All these
factors have resulted in increased growth of this
market.
S-band segment to command the Space on-board
computing platform market by communication
frequency, during the forecast period S-band
frequencies are used in most mobile satellite
services in the US. In satellite communication,
the frequency band range from 1.98?2.01 GHz is
used for Earth to space communication, whereas
the frequency band range from 2.17 GHz to 2.20
GHz is used for space to Earth communication. The
on-board computing platform for managing such
satellites is designed to handle antennas that
operate on the above-mentioned frequency
ranges. The North America market is projected to
contribute the largest share from 2022 to 2027
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ds provide communication services
Emerging Industry Tren Use of small satellites
to OneWeb and SpaceX are
expected to introduce networks to bring a change
in terms of communication-related
(/)
services provided by small satellites. These
companies plan to use small satellites for
low-priced applications that were previously not
feasible using traditional systemSsi.gTn
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keetds.cboym/tshigenina.basopv) ementioned
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ns is also expected to deliver substantial
economies of scale in terms of manufacturing.
Low manufacturing cost is expected to enable
companies to offer broadband services at prices
that rival terrestrial alternatives. Space
on-board computing platforms play a vital role in
managing communication from a satellite. The
involvement of satellite communication in rapidly
evolving 5G technology would benefit the growth
of space on- board computing platforms.
Key Players Major players in the Space on-board
computing platform market include BAE Systems
(UK), L3harris Technologies (US), Lockheed
Martin Corporation (US), Thales Group (France),
Northrop Grumman Corp. (US), Honeywell
International Inc. (US), and Lockheed Martin
(US). The report covers various industry trends
and new technological innovations in the Space
on-board computing platform market for the
period, 2018-2027.
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Scope of the Report
Report Metric Details
Market size available for years 2018?2027
Base year considered 2021
Forecast period 2022-2027
Forecast units Value (USD Million)
Segments covered By Application, By Platform, By Communication Frequency, By Orbit, By Technology
Geographies covered North America, Europe, Asia Pacific, and Rest of the World
Companies covered SAAB AB (Sweden), Raytheon Technologies (US), Honeywell International Inc (US), Thales Group (France), and BAE Systems (UK)
The study categorizes the Space on-board
computing platform market based on Application,
Platform, Orbit, Communication Frequency, and
Region. Based on Application, the space based
computing platforms market has been segmented as
follows Communication
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Navigation Meteorology Other
(/) Based on Platform, the space based computing
platforms market has been segmented as follows
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satellite Medium satellite Large satellite
Spacecraft Based on the Communication Frequency,
the space based computing platforms market has
been segmented as follows X-band S-band
K-band UHF/VHF Band Based on the Orbit, space
based computing platforms market has been
segmented as follows Low Earth Orbit (LEO)
Medium Earth Orbit (MEO) Geostationary Earth
Orbit (GEO) Based on the region, space based
computing platforms market has been segmented as
follows North America Europe Asia Pacific Rest
of the World (RoW) Rest of the World includes
Latin America, Middle East, and Africa Recent
Developments In March 2022, Ramon Space unveiled
a storage system that can withstand the harsh
environment of space. NuStream is the latest
computing (https//www.marketsandmarkets.com/Marke
t-Reports/quantum-computing- market-144888301.htm
l) infrastructure platform for data-driven space
missions. It has high-density storage and
advanced modular architecture. In August 2021,
The radiation-hardened RAD510 System on Chip
(SoC) is designed by BAE Systems and
manufactured by GlobalFoundries (GF) and forms
the core of a single board computer (SBC) with
twice the performance capability of the
industry-standard RAD750 microprocessor. The SBC
provides Power Architecture software-compatible
processing that is more advanced than the RAD750
radiation-hardened general-purpose
processor. Frequently Asked Questions
(FAQ) What are your views on the growth
prospect of the Space on-board computing platform
market?
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ability strategies adopted by leading players
operating in the Space on-board et? (/) What
are the new emerging technologies and use cases
disrupting the Space on-board computing platform
market?
What are the key sustain computing platform mark
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innovators in the ecosystem of the Space on-board
computing platform market? Which region is
expected to hold the highest market share in the
Space on-board computing platform market? To
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