Global Space Semiconductor MARKET REPORT, MARKET SIZE, SHARE, TRENDS, ANALYSIS AND FORECAST TO 2028

According to Stratistics MRC, the Global Space Semiconductor Market is accounted for $1.13 billion in 2024 and is expected to reach $1.82 billion by 2030 growing at a CAGR of 8.2% during the forecast period.

Space semiconductors are specialized electronic components designed to withstand the harsh and extreme conditions of space, such as intense radiation, temperature swings, and vacuum. Applications in space, such as satellite systems, space exploration, communication technology, and military systems, depend heavily on these semiconductors. They are designed to resist deterioration brought on by radiation, guaranteeing dependable operation for extended periods of time. Radiation-hardened integrated circuits (ICs), power devices, sensors, and optoelectronics are important categories of space semiconductors.

Browse complete “Space Semiconductor Market” report with TOC @ www.strategymrc.com/report/space-semiconductor-market

Asia Pacific is projected to witness the highest CAGR over the forecast period due to the region’s expanding space programs and satellite deployments. Countries like China, India, and Japan are increasing investments in space exploration, satellite communication, and navigation systems, driving demand for high-performance semiconductors. The growing adoption of small satellites (CubeSats) and advancements in space technology are further fueling the need for radiation-hardened and efficient semiconductor solutions, making Asia Pacific a key growth area for the space semiconductor industry.

Some of the key players in Space Semiconductor Market include Advanced Micro Devices, Inc., Aerospace Corporation, AMD-Xilinx, Inc, BAE Systems Plc, Cobham Limited, Infineon Technologies AG, Keysight Technologies, Microchip Technology Incorporated, Renesas Electronics Corporation, Ruag Space, Solitron Devices, Inc., STMicroelectronics N.V., Teledyne Technologies Incorporated, Texas Instruments Incorporated and Vishay Intertechnology.

Key Developments:

In October 2024, Texas Instruments announced it has begun production of gallium nitride (GaN)-based power semiconductors at its factory in Aizu, Japan. Coupled with its existing GaN manufacturing in Dallas, Texas, TI will now internally manufacture four times more GaN-based power semiconductors, as Aizu ramps to production.

In August 2024, Texas Instruments and the U.S. Department of Commerce have signed a non-binding Preliminary Memorandum of Terms for up to $1.6 billion in proposed direct funding under the CHIPS and Science Act to support three 300mm wafer fabs already under construction in Texas and Utah.

In June 2024, Texas Instruments announced a long-term collaboration with Delta Electronics, a global power and energy management manufacturer, to create next-generation electric vehicle (EV) onboard charging and power solutions.

For more information about this report visit www.strategymrc.com/report/space-semiconductor-market

Report Store: www.strategymrc.com/report-store

Covid-19 reports: www.strategymrc.com/covid-19-impact-reports

About Us:

Stratistics MRC offer a wide spectrum of research and consulting services with in-depth knowledge of different industries. Our research reports and publications are routed to help our clients to design their business models and enhance their business growth in the competitive market scenario. We have a strong team with hand-picked consultants including project managers, implementers, Market experts, researchers, research evaluators and analysts with years of experience in delivering the complex projects.

Contact Us:

Email: sales@strategymrc.com

Organization: Stratistics Market Research Consulting Pvt Ltd

Address: #233, Woods Enclave, Pet Basheerabad, Hyderabad – 500055, India.

Phone: +1-301-202-5929Website: www.strategymrc.com

Request Sample