Space On board Computing Platform Market Thrives with a 12.1% CAGR A Deep Dive

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Space On-board Computing Platform Market Thrives
with a 12.1 CAGR - A Deep Dive

• According to a recent research report by
  MarketsandMarkets, the Space On-board Computing
  Platform Market is poised for significant growth
  in the coming years. Here are some key
  highlights from the report
• Market Overview
• The Space On-board Computing Platform Market is
  estimated to have been valued at USD 1.3 billion
  in 2022 and
• is projected to reach USD 2.3
• billion by 2027, at a compound annual growth
  rate (CAGR) of 12.1 from 2022 to 2027. This
• growth is attributed to various

factors, including trade in space computing
increased on-board platforms, the space
advancements in
sector, and growing demands in the national
security sector. Download PDF Brochure _at_
https//www.marketsandmarkets.com/pdfdownloadNew.a
sp?id227324327 Key Players Major players in
the Space on-board computing platform market
include BAE Systems (UK), L3harris Technologies
(US), Lockheed Martin Corporation (US),
Honeywell International Inc. (US), Northrop
Grumman Corp. (US), Thales Group (France), and
Lockheed Martin (US). Other key players in the
market are Ramon Space (Israel), LMO Space
(Luxembourg), and Cobham Gaisler AB (Sweden). Use
of COTS Standard Components One significant
trend is the increasing use of Commercial-off-the-
Shelf (COTS) standard components and systems in
mission-critical space applications. NASA, for
instance, has introduced these COTS standard
components in spacecraft for specific and
mission-critical applications, with careful
qualification and screening of
components. X-band Communication Segment
Growth The X-band communication segment is
projected to experience the highest Compound
Annual Growth Rate (CAGR) during the forecast
period. X-band frequencies are preferred in
military satellites due to their tolerance to
fading, interference, rain resilience, and other
critical performance characteristics. Communicatio
n Application
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The communication segment is expected to grow at
the highest rate among various applications. The
rise of 5G and the development of new hardware
systems present opportunities in
satellite-enabled communication. Advanced space
on-board computing platforms are helping to
generate higher data rates and improve the
overall communication capabilities of
nanosatellites, microsatellites, and small
satellites. North America Leading Market North
America, with the United States as a major
contributor, led the Space on-board computing
platform market in 2021. The growing demand for
these platforms in the US and Canada, coupled
with their use in both commercial and military
satellite applications, is driving market growth
in North America. Ask for Sample Report
_at_ https//www.marketsandmarkets.com/requestsampleN
ew.asp?id227324327 About MarketsandMarkets Mar
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