Space On board Computing Platform Industry Soars to $2.3 Billion by 2027

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(/) HSOMpEa(/)cPeREOSS RnE-LEbASoESa(r/PSdReEaSCr
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RESOURCE CENTER ABOUT MNM HOME (/) PRESS
RELEASES (/PRESS-RELEASE-2.HTML) Space On-board
Computing Platform Industry worth 2.3 billion
b75y02002C7OMPANIES WORLDWIDE APPROACH US EVERY
YEAR FOR THEIR REVENUE GROWTH INITIATIVES KNOW
MORE (/Knowledgestore.asp) Space On-board
Computing Platform Industry worth 2.3 billion by
2027 VIEW FULL TABLE OF CONTENTS
(HTTPS//WWW.MARKETSANDMARKETS.COM/MARKET-REPORTS/
SPACE-ON- BOARD-COMPUTING-PLATFORM-MARKET-2273243
27.HTML) METHODOLOGY (HTTPS//WWW.MARKETSANDMARKE
TS.COM/MARKET-REPORTS/SPACE-ON-BOARD-
COMPUTING-PLATFORM-MARKET-227324327.HTML) DOWNLO
AD PDF (/PDFDOWNLOADNEW.ASP?ID227324327) Accord
ing to a research report "Space On-board
Computing Platform Market (https//www.marketsand
markets.com/Market-Reports/space-on-board-computin
g-platform-market- 227324327.html) by Platform,
Application (Earth Observation, Navigation,
Communication, Military Scientific), Orbit,
Communication Frequency, Technology, and Region
(North America, Europe, APAC and RoW) - Forecast
to 2027" published by MarketsandMarkets, 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. Growth of this
market can be attributed to the rise in trade of
Space on-board computing platform, developments
in the space sector, and national security
sector. Browse 173 market data Tables and 67
Figures spread through 223 Pages and in-depth TOC
on "Space On-board Computing Platform 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" View detailed
Table of Content here - https//www.marketsandmark
ets.com/Market-Reports/space-on-board-
computing-platform-market-227324327.html
(https//www.marketsandmarkets.com/Market-Reports/
space-on- board-computing-platform-market-2273243
27.html) 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). The report covers various
industry trends and new technological
innovations in the Space on-board computing
platform market for the period, 2018-
2027. Increasing use of COTS standard components
and systems in mission critical space applications
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COTS) technology is a component manufacturing
standard in which an assembly or ercial
application the manufacturer is solely
responsible for the establishment of s in this
standard. Other factors such as configuration and
reliability are also taken care o(/)f by the
manufacturer, without any additional requirements
imposed by the end user. National Aeronautics and
Space Administration (NASA) (US), one of the
major space organizations in the world,
introduced these COTS HsOtaMnEd(/a) rdPRcEoSmS
RpEoLnEeAnSEtsS (i/nPRsEpSaSc-ReEcLrEaAfSt
Ef-o2r.HsTpMeL)cifRicEPaOnRdTSSmig(/niTsOIsnPi(o-h
MntAtp-RcsKr//iEwtTicw-RawE.lmPaOaprRkpTelStisc.A
aanStdPimo) narsk.etTs.hcoemc/soigmninp.oasnpe)
nts are selected CaAfRteErERca(/CreAfRuElEqRu.AaSl
Pif)icaCtOioNnTAaCnT dUSs(c/CrOeNeTnAiCnTgU.S.ASP)
X-band segment projected to grow at a highest
CAGR during the forecast period, by communication
frequency X-band frequencies are used in most
military satellites globally as they possess
important performance characteristics such as
tolerance to fading. The characteristics include
tolerance to interference, rain resilience, fair
data rates, remote coverage, etc. The space
on-board computing platforms for such
applications are customized and are designed as
per client requirements. Communication segment
projected to grow at a highest rate, by
application, during the forecast period Space
on-board computing platforms are increasingly
being adopted in modern communication
technologies. The introduction of 5G and the
development of new hardware systems are
presenting numerous opportunities in the field
of satellite-enabled communication. A rise in RD
activities in communication-related missions is
expected to offer enhanced quality communication
systems with the help of highly sophisticated
miniaturized on-board computing platforms, along
with advanced mission-compatible ground-station
technologies. Advancements in technology have
helped overcome major hurdles faced in providing
efficient miniaturized on-board computing
platforms for advanced communication hardware on
such satellites. This has been useful in
generating higher data rates, thereby improving
the overall communication capabilities of
nanosatellites, microsatellites, and small
satellites. Disaster management, asset tracking,
and mobile communication are important
communication capabilities that small satellites
provide. These satellites are capable of
accommodating more sophisticated payloads than
traditional larger satellites because of the use
of enhanced space on-board computing platforms
that are being developed in recent years. North
America region accounts for largest market share
in Space on-board computing platform market North
America led the Space on-board computing platform
market in 2021, with the US accounting for the
largest share of the regional market. The
growing demand for Space on-board computing
platforms in the US and Canada, and the use of
space on-board computing platforms in different
commercial as well as military satellite
applications are key factors driving the market
in North America. Major space on-board computing
platforms market players present in North America
include L3harris Technologies (US), Lockheed
Martin Corporation (US), Honeywell International
Inc. (US), Northrop Grumman Corp. (US), and
Lockheed Martin (US). Other key players present
in North America are York space Systems (US),
and Space Tango (US). Donï½t miss out on
business opportunities in Space On-board
Computing Platform Market. Speak to our analyst
and gain crucial industry insights that will help
your business grow. (https//www.marketsandmarket
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