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Based on application, the market is divided into communication, earth observation, navigation, meteorology, and other. The communication segment is expected to register a CAGR of 15% during the forecast period.
Based on the communication frequency, the space on-board computing platform market is divided into X-band, S-band, K-band, UHF/VHF Band. The S-band segment dominated the global market with a revenue of over 1.5 billion in 2032.
North America dominated the global space on-board computing platform market in 2023, accounting for a share of over 35%. North America, particularly the United States, is a leading market for space-on-board computing platforms, driven by substantial investments in space technology and exploration. The U.S. space industry, led by NASA and private companies such as SpaceX and Blue Origin, prioritizes advanced computing systems for various space missions, including satellite deployment and interplanetary exploration. The presence of major aerospace and defense contractors, along with ongoing government support and funding for space programs, bolsters the demand for high-performance space-on-board computing solutions. North America’s focus on maintaining technological leadership and expanding its space capabilities ensures a strong and growing market for space-on-board computing platforms in the region.
The United States is a dominant player in the space-on-board computing platform market, driven by its extensive space exploration programs and commercial space activities. NASA's numerous missions, including those to the Moon and Mars, require advanced computing systems to handle complex operations and data processing in space. The U.S. also hosts leading aerospace companies such as SpaceX and Boeing, which are developing innovative space technologies and deploying satellites for various applications. The significant investment in space technology, coupled with a strong emphasis on maintaining technological superiority, drives the demand for high-performance on-board computing platforms. The U.S. remains a central hub for space innovation and development, shaping the global market for space-on-board computing systems.
Japan is a key player in the space on-board computing platform market, with its advanced space exploration and satellite technology initiatives. The Japan Aerospace Exploration Agency (JAXA) is at the forefront of space missions, including lunar exploration and satellite deployment, driving the need for sophisticated on-board computing systems. Japan’s focus on developing cutting-edge technologies and enhancing its space capabilities supports the demand for high-performance computing platforms. Additionally, the country’s collaboration with international space agencies and commercial entities contributes to the growth of the market. Japan’s ongoing investments in space technology and its commitment to innovation ensure a strong presence in the global space-on-board computing sector.
For instance, in December 2023, Space Compass Corporation, a joint venture between NTT Corporation (NTT) and SKY Perfect JSAT Corporation, agreed to jointly develop and demonstrate space edge computing applications on orbit with Microsoft. This initiative is performed under the strategic alliance between NTT and Microsoft that launched in 2019*1. Space Compass aims to establish space edge computing and thereby drive efficient and real-time observation satellite data utilizations by demonstrating actual data processing on orbit.
China is a major player in the space on-board computing platform market, driven by its ambitious space exploration goals and rapidly expanding satellite programs. The China National Space Administration (CNSA) is actively involved in lunar missions, Mars exploration, and the deployment of large satellite constellations. China’s focus on technological advancements and self-reliance in space technology fuels the demand for advanced on-board computing systems capable of handling complex space operations. The country’s significant investments in space infrastructure and its strategic initiatives to enhance its space capabilities contribute to its prominent position in the global space-on-board computing market.
South Korea is emerging as a significant market for space-on-board computing platforms, driven by its growing space program and satellite technology advancements. The Korea Aerospace Research Institute (KARI) is involved in various space missions, including satellite launches and space exploration projects, which create a demand for advanced on-board computing systems. South Korea’s focus on developing high-performance space technology and its investments in expanding its space capabilities contribute to the growth of the space-on-board computing market. The country’s commitment to innovation and collaboration with international space agencies further supports the demand for sophisticated computing platforms in its space missions.