Asia Pacific Space Electronics Market Size, Share & Trends Analysis Report By Type (Radiation Hardened, and Radiation Tolerant), By Platform (Satellite, Launch Vehicles, and Deep Space Probes), By Component, By Application, By Country and Growth Forecast, 2024 - 2031

The Asia Pacific Space Electronics Market would witness market growth of 6.9% CAGR during the forecast period (2024-2031).

The China market dominated the Asia Pacific Space Electronics Market by Country in 2023 and would continue to be a dominant market till 2031; thereby, achieving a market value of $425.5 million by 2031. The Japan market is registering a CAGR of 6.3% during (2024 - 2031). Additionally, The India market would showcase a CAGR of 7.6% during (2024 - 2031).



Space electronics enable satellite communication systems, which provide services such as television broadcasting, internet access, telecommunication networks, and global positioning systems (GPS). These systems rely on electronic components for data transmission, reception, and processing. Spaceborne sensors and imaging systems use electronics for capturing data about Earth’s surface, atmosphere, and oceans. These observations are crucial for environmental monitoring, weather forecasting, disaster management, urban planning, agriculture, and resource management.

Similarly, Space-based navigation systems like GPS, GLONASS, Galileo, and BeiDou provide precise positioning and timing information everywhere. These systems rely on space electronics for satellite operations, signal processing, and data dissemination. Spacecraft and satellites equipped with scientific instruments rely on electronics for data collection, processing, and transmission. These instruments study celestial objects, cosmic phenomena, planetary exploration, and space weather monitoring.

According to Invest India, India, the world’s third-largest pool of artificial intelligence talent, has enormous potential for an AI revolution. Investments in India’s AI capabilities have grown by 30.8% and are predicted to reach $881 million by 2023. By 2025, the Indian AI industry will be valued at $7.8 billion, or 60% of AI’s Gross Value Added (GVA) in India’s GDP. The industry will be supported mostly by the country’s expanding semiconductor sector. Therefore, due to the above-mentioned factors, the space electronics market will grow significantly in this region.

Based on Type, the market is segmented into Radiation Hardened, and Radiation Tolerant. Based on Platform, the market is segmented into Satellite, Launch Vehicles, and Deep Space Probes. Based on Component, the market is segmented into Microprocessors & Controllers, Discrete Semiconductors, Power Source & Cables, Sensors, Application Specific Integrated Circuits (ASIC), Memory Chips, and Others. Based on Application, the market is segmented into Communication, Navigation, Global Positioning System (GPS) & Surveillance, Earth Observation, Technology Development & Education, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Australia, Malaysia, and Rest of Asia Pacific.

List of Key Companies Profiled

• STMicroelectronics N.V.
• Texas Instruments, Inc.
• Honeywell International, Inc.
• Eaton Corporation PLC
• Teledyne Technologies, Inc.
• BAE Systems PLC
• Advanced Micro Devices, Inc.
• Microchip Technology Incorporated
• TT Electronics PLC
• Renesas Electronics Corporation

Market Report Segmentation

By Type

• Radiation Hardened
• Radiation Tolerant

By Platform

• Satellite
• Launch Vehicles
• Deep Space Probes

By Component

• Microprocessors & Controllers
• Discrete Semiconductors
• Power Source & Cables
• Sensors
• Application Specific Integrated Circuits (ASIC)
• Memory Chips
• Others

By Application

• Communication
• Navigation, Global Positioning System (GPS) & Surveillance
• Earth Observation
• Technology Development & Education
• Others

By Country

• China
• Japan
• India
• South Korea
• Australia
• Malaysia
• Rest of Asia Pacific