Space On-Board Computing Platform Market Size, Share, and COVID-19 Impact Analysis, By Communication Frequency (X-band, S-band, K-band, and UHF/VHF band), By Platform (Nano Satellite, Micro Satellite, Small Satellite, Medium Satellite, Large Satellite, and Spacecraft), By Application (Communication, Earth Observation, Navigation, Meteorology, and Others), and Regional Forecast, 2024-2032

A space on-board computing platform is a computer system designed to operate in space and function as a primary data processing and control center for spacecraft and satellites. The platform provides the necessary processing power and memory to perform complex computations, store large amounts of data, and control various spacecraft subsystems. The space on-board computing systems are designed to be rugged, radiation-proof, and withstand extreme space conditions, including vacuum, extreme temperatures, and exposure to high radiation levels.

Key Market Insights

The increasing technological developments, the introduction of 5G, and the miniaturization of computing equipment can drive the growth of space on-board computing platform market. The rise in research and development in communication technology is expected to offer higher data rates to enhance communication systems' quality. In addition, use software-defined technologies for flexibility and ease of reconfiguring the in-orbit satellites. Furthermore, the increase in deep space explorations and low earth orbit research is also anticipated to drive the market's growth.

The software-defined technology is also expected to offer cloud computing capability to facilitate on-board data processing and ease of enhancing the capabilities even further through software updates that are sent from the ground while on the mission  

The rising use of commercial-off-the-shelf or COTS-based components, which have different specifications from standard components, will likely restrain the growth of the space-on-board computing platform market.

Impact of COVID-19 on the Space On-Board Computing Platform Market

The space industry experienced a massive disruption from the COVID-19 pandemic. The supply chain disruption caused massive delays in delivering essential raw materials and, subsequently, the manufacturing and production of space equipment. Many large organizations were able to cope with the impact of the pandemic. However, small firms, which primarily focus on innovation, found it quite difficult to meet the demands of their customers. The lockdown restrictions dramatically affected the value chains globally, which caused the demand for space on-board computing platforms to drop significantly. These factors were mainly responsible for the decline in demand and production.

The space on-board computing platform market can be segmented by communication frequency; X-band, S-band, K-band, an dUHF/VHF band. By platform; Nano satellite, micro satellite, small satellite, medium satellite, large satellite, and spacecraft. By Application; communication, earth observation, navigation, meteorology, and others. By geography North America, Europe, Asia Pacific, and the rest of the World.

Key Insights

The report will include the following key insights:

• The report analyzes a detailed industry overview, including qualitative and quantitative information.


• The report analyzes an overview and forecast of the space on-board computing platform market based on various segments.


• The report also analyzes comprehensive PEST analysis for all five regions, i.e., North America, Europe, Asia Pacific, Rest of the World, after evaluating economic, social, political, and technological factors affecting the impact of the space on-board computing platform market in these regions.

Regional Analysis

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North America is expected to lead the space on-board computing platform market during the forecast period. The market dominance is because of continuous innovation and the presence of leading players in the space on-board computing platform space. The growth is also attributed to significant investments by government bodies such as NASA and private players in space on-board computing platforms.

Europe is also anticipated to have a significantly high market share due to the presence of some key players in the on-orbit computing platform.

Asia Pacific is predicted to have a moderate market share in the forecast period. However, Asia Pacific is expected to grow significantly as some developing economies can increase their presence in the space industry.

Key Players Covered

The report covers the profiles of key players such as L3harris Technologies, Lockheed Martin Corporation, Honeywell International Inc., Northrop Grumman Corp., York Space Systems, Space Tango, SAAB, Thales, BAE Systems, Sidus Space, Exo-Space, and others.

Segmentation

Key Industry Developments

• In October 2022, Space-as-a-service provider Sidus Space was awarded a contract by Exo-Space to provide edge computing capabilities to its space on-board computing platforms. The integration and deployment of artificial intelligence will provide near-real-time intelligence from Earth observation data.  


• In August 2022, NASA provided a USD 50 million contract to Microchip Technology Inc. to develop a high-performance spaceflight computing processor. Microchip claimed that the new processor would provide more than 100 times the computational capacity of current space on-board computing platforms.


• In November 2022, Amazon Web Services partnered with Axiom Space to put the AWS snowcone on International Space Station. AWS aims to advance in edge computing by expanding its portfolio to low earth orbit.