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Space On-board Computing Platform Market Share

  • Report ID: GMI10567
  • Published Date: Aug 2024
  • Report Format: PDF

Space On-board Computing Platform Market Share

Lockheed Martin Corporation & Northrop Grumman hold a significant share over 10% of the space-on-board computing platform market. Lockheed Martin Corporation holds a significant share in the space-on-board computing platform market due to its extensive experience and expertise in space systems and technology. As a major player in the aerospace and defense industry, Lockheed Martin has been involved in numerous high-profile space missions, including the development and deployment of satellites, spacecraft, and space exploration systems. The company's strong focus on innovation and advanced research and development has led to the creation of highly reliable and efficient computing platforms designed to withstand the harsh conditions of space. Furthermore, Lockheed Martin's established relationships with government agencies, such as NASA and the Department of Defense, ensure a steady stream of contracts and projects that bolster its position in the market. Their comprehensive solutions, which integrate cutting-edge hardware and software, enhance the performance and capabilities of space missions, making Lockheed Martin a preferred choice for space-on-board computing platforms.
 

Northrop Grumman holds a significant share in the space-on-board computing platform market due to its deep-rooted expertise in space technology and its innovative approach to developing robust and advanced computing solutions. The company has a rich history of contributing to critical space missions, including satellite communications, Earth observation, and deep space exploration. Northrop Grumman's emphasis on reliability and resilience in extreme space environments has led to the development of state-of-the-art on-board computing platforms that ensure mission success. Their commitment to continuous improvement and technological advancement allows them to meet the evolving demands of space missions, from commercial satellites to defense-related space operations. Additionally, Northrop Grumman's strategic partnerships and collaborations with key stakeholders, including government space agencies and commercial space enterprises, reinforce its market presence and drive its growth in the space-on-board computing platform sector. The company's comprehensive portfolio of space systems and solutions makes it a dominant force in the industry.
 

Space On-board Computing Platform Market Companies

Major players operating in the industry are:

  • Lockheed Martin Corporation
  • Northrop Grumman
  • RTX
  • Honeywell International Inc.
  • Boeing
  • BAE Systems
  • Thales Alenia Space
Authors: Suraj Gujar , Kanhaiya Kathoke

Frequently Asked Questions (FAQ) :

Industry size for space on-board computing platform was USD 1.65 billion in 2023 and will demonstrate a 10% CAGR between 2024 and 2032 due to advancements in satellite technology, and the rise of satellite constellations for global connectivity.

Space on-board computing platform market from the communication segment will record 15% CAGR through 2032, driven by the critical role of onboard computing in managing and optimizing satellite communications.

North America industry held 35% share in 2023, owing to the presence of strong aerospace industry and significant investments in space exploration and satellite technology.

Key players operating in the space on-board computing platform industry are Lockheed Martin Corporation, Northrop Grumman, RTX, Honeywell International Inc., Boeing, BAE Systems, and Thales Alenia Space, among others.

Space On-board Computing Platform Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 23
  • Tables & Figures: 286
  • Countries covered: 22
  • Pages: 230
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