Space On-board Computing Platform Global Market Report 2024

The space on-board computing platform serves as the central core of spacecraft avionics, facilitating the collection, analysis, and processing of data gathered by on-board satellites. Its primary purpose is to generate precise maps of the Earth's surface. This platform collects data through various applications and enables mapping and navigation across the globe.

The main platforms for space on-board computing include nanosatellites, microsatellites, small satellites, medium satellites, large satellites, and general spacecraft. Nanosatellites are characterized by their smaller size (less than 10 kilograms) while carrying out functions similar to regular satellites, making them suitable for various missions such as interplanetary exploration and navigation. Technologies involved in these platforms include commercial off-the-shelf (COTS) and non-commercial off-the-shelf (non-COTS). Different orbits, such as low earth orbit (LEO), medium earth orbit (MREO), and geostationary earth orbit (GEO), are employed, and communication modes like S-band, X-band, C-band, K-band, among others, are utilized. The applications of space on-board computing platforms span communication, earth observation, navigation, meteorology, and other related functions.

The space on-board computing platforms market research report is one of a series of new reports that provides space onboard computing platforms market statistics, including space onboard computing platforms industry global market size, regional shares, competitors with space on-board computing platforms market share, detailed space onboard computing platforms market segments, market trends, and opportunities, and any further data you may need to thrive in the space on-board computing platforms industry. This space onboard computing platforms market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The space on-board computing platform market size has grown rapidly in recent years. It will grow from $1.35 billion in 2023 to $1.51 billion in 2024 at a compound annual growth rate (CAGR) of 12.1%. The growth observed in the historical period can be attributed to several factors, including an increased demand for earth observation data, the growth of satellite constellations, advances in satellite technology, the necessity for on-board data processing capabilities, and the rise of CubeSat and small satellite deployments.

The space on-board computing platform market size is expected to see rapid growth in the next few years. It will grow to $2.43 billion in 2028 at a compound annual growth rate (CAGR) of 12.6%. The anticipated growth in the forecast period can be attributed to several factors, including the expansion of commercial space activities, increased adoption of edge computing in space, growth in deep space exploration missions, the demand for autonomous satellite operations, and the use of quantum computing in space applications. Notable trends expected in the forecast period encompass the integration of artificial intelligence in space computing, the development of software-defined space systems, the utilization of high-performance computing in space, the implementation of onboard machine learning and analytics, and the ongoing miniaturization of space computing components.

The growth in space exploration missions is poised to drive the expansion of the space-on-board computing platform market in the future. Space on-board computing platforms play a crucial role in various space exploration missions, facilitating information gathering through diverse applications, storing and analyzing data, and distributing collected information to support mapping and navigation in both Earth and space exploration endeavors. Additionally, space on-board computing enables applications to adapt to new situations or requirements, allowing for the swift deployment of updates or algorithms to existing systems, particularly for image analysis in space missions. For instance, as of November 2021, approximately 8,378 satellites were launched into space, and NASA's budget for space exploration in 2021 increased by 3% compared to previous years, reaching $23.3 billion. Thus, the increasing number of space exploration missions is a driving force behind the growth of the space on-board computing platform market.

The growing demand for industrial robots is expected to be a significant driver for the space on-board computing platform market in the foreseeable future. Industrial robots, equipped with sensors, controllers, and software, are programmable mechanical devices used in manufacturing and industrial settings to perform various tasks. Space on-board computing platforms enable industrial robots to execute tasks such as path planning, object recognition, and quality control, contributing to enhanced automation and productivity in manufacturing processes relevant to space exploration missions. For example, in February 2022, the International Federation of Robotics reported a 6% increase in the number of industrial robots operating in UK factories in 2021, reaching a total of 23,000. Hence, the rising demand for industrial robots is propelling the growth of the space on-board computing platform market.

Technological advancements have become a prominent trend in the space on-board computing platform market. Major companies in this sector are actively engaged in developing innovative technologies to offer superior solutions and services across various industries, optimizing business operations, and solidifying their market positions. In March 2022, RAMON SPACE, a US-based company in the space on-board computing platform market, introduced NuStream, an advanced data-driven space computing infrastructure platform utilizing in-house radiation-hardened technology. This technology ensures electronic components' resistance to cosmic or natural magnetic radiation, enabling optimal performance in harsh conditions. NuStream provides highly reliable storage capabilities tailored to unique environmental requirements, all while optimizing size, weight, and cost.

Leading companies in the space on-board computing platform market are incorporating new technological products like the RAD510 System on Chip (SoC) to maintain their market standing. The RAD510 SoC is a radiation-hardened microprocessor designed for space-based computing. For instance, in August 2021, BAE Systems plc, a UK-based aerospace company, launched the RAD510 SoC, integrated into single-board computers (SBCs) available to space agencies and spacecraft manufacturers. It manages all activities on CubeSats and small satellites, offering power-efficient processing that consumes less power from the spacecraft.

In April 2022, Airbus, a Germany-based software and services company in the space on-board computing platform sector, acquired DSI Datensicherheit GmbH to bolster its offerings in space on-board computing platforms, cryptography, and communication systems for space, airborne, naval, and ground applications, aiming to gain a competitive edge. DSI Datensicherheit GmbH is a Germany-based company specializing in space on-board computing platforms and cryptography.

Major companies operating in the in the space on-board computing platform market report are BAE Systems plc, Thales Group, L3Harris Technologies Inc., Lockheed Martin Corporation, Honeywell International Inc., Raytheon Technologies Corporation, Saab AB, Northrop Grumman Corporation, Airbus SE, Ball Corporation, Cobham Gaisler AB, Contec Co Ltd, EnduroSat, G. A. U. S. S. Srl, International Business Machines Corporation (IBM), Leonardo S. p. A., Loft Orbital, Space Tango, ST Engineering, Teledyne Technologies Inc., MDA Corporation, Ramon Space, LMO Space, Space Micro Inc., Space Exploration Technologies Corp. (SpaceX), Blue Canyon Technologies, AAC Clyde Space, Astro Digital, Axelspace Corporation, BlackSky Global LLC

North America was the largest region in the space on-board computing platform market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the space on-board computing platform market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the space on-board computing platform market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain.

The space on-board computing platform market consists of revenues earned by entities by providing space-on-board computing platform with frequency of UHF/VHF. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified)).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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