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Space On-board Computing Platform Market Trends

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

Space On-board Computing Platform Market Trends

One of the prominent trends in the space-on-board computing platform market is the rapid expansion of satellite constellations. Companies like SpaceX and OneWeb are deploying large networks of small satellites to provide global broadband internet coverage and enhance connectivity. These constellations require sophisticated on-board computing platforms to manage complex data processing and communication tasks efficiently. The need for reliable and high-performance computing systems to support the operation and coordination of thousands of satellites is driving innovation and growth in this segment of the market. This trend is expected to continue as more players enter the space industry and satellite-based services become increasingly integral to global infrastructure.
 

The integration of artificial intelligence (AI) and machine learning (ML) technologies into space-on-board computing platforms is transforming the capabilities of spacecraft and satellites. AI and ML algorithms enable autonomous decision-making, real-time data analysis, and adaptive control of space systems, enhancing mission efficiency and effectiveness. These technologies allow space platforms to process vast amounts of data onboard, reducing the reliance on communication with Earth and enabling more sophisticated operations. As AI and ML technologies advance, they are expected to play a significant role in driving innovation and expanding the capabilities of space-on-board computing systems.
 

Growing investment in space exploration by both government space agencies and private companies is fueling demand for advanced space-on-board computing platforms. Missions to the Moon, Mars, and beyond, as well as initiatives such as asteroid mining and space tourism, require cutting-edge computing technologies to support complex operations and scientific research. Increased funding and interest in space exploration are leading to the development of more advanced and capable on-board computing systems. This trend is driving innovation in the market and expanding the range of applications for space-on-board computing platforms, contributing to their growth and evolution in the space industry.

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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