Space Electronics Market Forecasted to Reach US$ 1,557.9 million in 2023

(I-BusinessNews.Com, March 06, 2019 )
Stratview Research has launched a research report on Space Electronics Market. The objective of this report is to identify the Trend, Forecast, Competitive Analysis, and Growth Opportunity of Space Electronics Market from 2018 to 2023.

This 245-page report is segmented in five ways to provide a 360-degree holistic view. The segments are –
● by Platform Type (Satellite, and Others)
● by Component Type (Discrete Semiconductors, and Others)
● by Subsystem Type (Electrical Power Subsystem, and Others)
● by Product Type (Radiation-Hardened Electronics, and Others)
● and by Region
○ North America (Country Analysis: The USA, Canada, and Mexico)
○ Europe (Country Analysis: ESA, Russia, and Rest of Europe)
○ Asia-Pacific (Country Analysis: China, Japan, India and Rest of Asia-Pacific)
○ Rest of the World (Country Analysis: Latin America, The Middle East, and Others)

Stratview Research, has presented the study of Space Electronics Market over the trend period of 2012 to 2017 and forecast period of 2018 to 2023. The report provides detailed insights on the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

The key space electronic component manufacturers are BAE Systems Plc., Cobham Plc., Honeywell International Inc., Microsemi Corporation, and Texas Instruments. Development of low-cost electronics, regional expansion, and mergers & acquisitions are the key strategies adopted by the major players to gain a competitive edge in the market.

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Increasing production of satellites in the up-coming five years

The next five years for the space electronics market are going to be resilient with having sizeable growth opportunities for both existing as well as new players. The space electronics market is projected to reach an estimated value of US$ 1,557.9 million in 2023. Increasing production of satellites, especially small satellites; market entry of commercial space companies; increasing involvement of a number of countries in the space community; an increased demand for reducing the cost of electronic components; and the technological advancements are some major factors that are burgeoning the demand for electronics in the space industry.

Stratview Research is a global market intelligence firm offering a wide range of services including syndicated market reports, consulting, sourcing intelligence, and customer research.

Stratview Research
Ritesh Gandecha

Source: EmailWire.Com