North America Space Electronics Market Size, Share & Trends Analysis Report By Type (Radiation Hardened, and Radiation Tolerant), By Platform (Satellite, Launch Vehicles, and Deep Space Probes), By Component, By Application, By Country and Growth Forecast

North America Space Electronics Market Size, Share & Trends Analysis Report By Type (Radiation Hardened, and Radiation Tolerant), By Platform (Satellite, Launch Vehicles, and Deep Space Probes), By Component, By Application, By Country and Growth Forecast, 2024 - 2031


The North America Space Electronics Market would witness market growth of 5.3% CAGR during the forecast period (2024-2031).

The US market dominated the North America Space Electronics Market by Country in 2023 and would continue to be a dominant market till 2031; thereby, achieving a market value of $1,572.5 million by 2031. The Canada market is experiencing a CAGR of 7.7% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 6.8% during (2024 - 2031).

Electronic systems are employed to track and monitor space debris and ensure the safety of spacecraft and satellites in orbit. Additionally, electronics are used to develop technologies for debris mitigation and removal. Universities, research institutions, and educational organizations utilize space electronics to develop CubeSats, conduct microgravity experiments, and engage in space-related research and education initiatives.

Additionally, spacecraft are increasingly being designed with highly integrated electronic systems, combining functions such as communication, navigation, imaging, and data processing into compact and efficient packages. Integrated systems help optimize space utilization, power consumption, and overall performance. There is a trend toward smaller and lighter electronic components and systems for space applications. Miniaturization allows for reduced launch costs, increased payload capacity, and more agile and versatile spacecraft development.

The Government of Canada reports that the space sector contributed $2.7 billion to Canada’s GDP in 2020. The space industry contributed $2.8 billion to Canada’s GDP in 2021, a slight increase in GDP from 2020. Canada is a leader in satellite communication and broadcasting, with a strong presence in developing and deploying communication satellites. Hence, the factors mentioned above will drive the regional market growth.

Based on Type, the market is segmented into Radiation Hardened, and Radiation Tolerant. Based on Platform, the market is segmented into Satellite, Launch Vehicles, and Deep Space Probes. Based on Component, the market is segmented into Microprocessors & Controllers, Discrete Semiconductors, Power Source & Cables, Sensors, Application Specific Integrated Circuits (ASIC), Memory Chips, and Others. Based on Application, the market is segmented into Communication, Navigation, Global Positioning System (GPS) & Surveillance, Earth Observation, Technology Development & Education, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.

List of Key Companies Profiled
  • STMicroelectronics N.V.
  • Texas Instruments, Inc.
  • Honeywell International, Inc.
  • Eaton Corporation PLC
  • Teledyne Technologies, Inc.
  • BAE Systems PLC
  • Advanced Micro Devices, Inc.
  • Microchip Technology Incorporated
  • TT Electronics PLC
  • Renesas Electronics Corporation
North America Space Electronics Market Report Segmentation

By Type
  • Radiation Hardened
  • Radiation Tolerant
By Platform
  • Satellite
  • Launch Vehicles
  • Deep Space Probes
By Component
  • Microprocessors & Controllers
  • Discrete Semiconductors
  • Power Source & Cables
  • Sensors
  • Application Specific Integrated Circuits (ASIC)
  • Memory Chips
  • Others
By Application
  • Communication
  • Navigation, Global Positioning System (GPS) & Surveillance
  • Earth Observation
  • Technology Development & Education
  • Others
By Country
  • US
  • Canada
  • Mexico
  • Rest of North America


Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Space Electronics Market, by Type
1.4.2 North America Space Electronics Market, by Platform
1.4.3 North America Space Electronics Market, by Component
1.4.4 North America Space Electronics Market, by Application
1.4.5 North America Space Electronics Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Opportunities
3.2.3 Market Restraints
3.2.4 Market Challenges
Chapter 4. Competition Analysis - Global
4.1 KBV Cardinal Matrix
4.2 Recent Industry Wide Strategic Developments
4.2.1 Partnerships, Collaborations and Agreements
4.2.2 Product Launches and Product Expansions
4.2.3 Acquisition and Mergers
4.3 Market Share Analysis, 2023
4.4 Top Winning Strategies
4.4.1 Key Leading Strategies: Percentage Distribution (2020-2024)
4.4.2 Key Strategic Move: (Partnerships, Collaborations and Agreements: 2021, Aug – 2023, Sep) Leading Players
4.5 Porter Five Forces Analysis
Chapter 5. North America Space Electronics Market by Type
5.1 North America Radiation Hardened Market by Region
5.2 North America Radiation Tolerant Market by Region
Chapter 6. North America Space Electronics Market by Platform
6.1 North America Satellite Market by Country
6.2 North America Launch Vehicles Market by Country
6.3 North America Deep Space Probes Market by Country
Chapter 7. North America Space Electronics Market by Component
7.1 North America Microprocessors & Controllers Market by Country
7.2 North America Discrete Semiconductors Market by Country
7.3 North America Power Source & Cables Market by Country
7.4 North America Sensors Market by Country
7.5 North America Application Specific Integrated Circuits (ASIC) Market by Country
7.6 North America Memory Chips Market by Country
7.7 North America Others Market by Country
Chapter 8. North America Space Electronics Market by Application
8.1 North America Communication Market by Country
8.2 North America Navigation, Global Positioning System (GPS) & Surveillance Market by Country
8.3 North America Earth Observation Market by Country
8.4 North America Technology Development & Education Market by Country
8.5 North America Others Market by Country
Chapter 9. North America Space Electronics Market by Country
9.1 US Space Electronics Market
9.1.1 US Space Electronics Market by Type
9.1.2 US Space Electronics Market by Platform
9.1.3 US Space Electronics Market by Component
9.1.4 US Space Electronics Market by Application
9.2 Canada Space Electronics Market
9.2.1 Canada Space Electronics Market by Type
9.2.2 Canada Space Electronics Market by Platform
9.2.3 Canada Space Electronics Market by Component
9.2.4 Canada Space Electronics Market by Application
9.3 Mexico Space Electronics Market
9.3.1 Mexico Space Electronics Market by Type
9.3.2 Mexico Space Electronics Market by Platform
9.3.3 Mexico Space Electronics Market by Component
9.3.4 Mexico Space Electronics Market by Application
9.4 Rest of North America Space Electronics Market
9.4.1 Rest of North America Space Electronics Market by Type
9.4.2 Rest of North America Space Electronics Market by Platform
9.4.3 Rest of North America Space Electronics Market by Component
9.4.4 Rest of North America Space Electronics Market by Application
Chapter 10. Company Profiles
10.1 STMicroelectronics N.V.
10.1.1 Company Overview
10.1.2 Financial Analysis
10.1.3 Segmental and Regional Analysis
10.1.4 Research & Development Expense
10.1.5 Recent strategies and developments:
10.1.5.1 Partnerships, Collaborations, and Agreements:
10.1.5.2 Acquisition and Mergers:
10.1.6 SWOT Analysis
10.2 Texas Instruments, Inc.
10.2.1 Company Overview
10.2.2 Financial Analysis
10.2.3 Segmental and Regional Analysis
10.2.4 Research & Development Expense
10.2.5 Recent strategies and developments:
10.2.5.1 Product Launches and Product Expansions:
10.2.6 SWOT Analysis
10.3 Honeywell International, Inc.
10.3.1 Company Overview
10.3.2 Financial Analysis
10.3.3 Segmental and Regional Analysis
10.3.4 Research & Development Expenses
10.3.5 Recent strategies and developments:
10.3.5.1 Partnerships, Collaborations, and Agreements:
10.3.5.2 Product Launches and Product Expansions:
10.3.6 SWOT Analysis
10.4 Eaton Corporation PLC
10.4.1 Company Overview
10.4.2 Financial Analysis
10.4.3 Segmental and Regional Analysis
10.4.4 Research & Development Expense
10.4.5 Recent strategies and developments:
10.4.5.1 Partnerships, Collaborations, and Agreements:
10.4.6 SWOT Analysis
10.5 Teledyne Technologies, Inc.
10.5.1 Company Overview
10.5.2 Financial Analysis
10.5.3 Segmental and Regional Analysis
10.5.4 Recent strategies and developments:
10.5.4.1 Acquisition and Mergers:
10.5.5 SWOT Analysis
10.6 BAE Systems PLC
10.6.1 Company Overview
10.6.2 Financial Analysis
10.6.3 Segmental and Regional Analysis
10.6.4 Research & Development Expenses
10.6.5 Recent strategies and developments:
10.6.5.1 Partnerships, Collaborations, and Agreements:
10.6.5.2 Acquisition and Mergers:
10.6.6 SWOT Analysis
10.7 Advanced Micro Devices, Inc.
10.7.1 Company Overview
10.7.2 Financial Analysis
10.7.3 Segmental and Regional Analysis
10.7.4 Research & Development Expenses
10.7.5 SWOT Analysis
10.8 Microchip Technology Incorporated
10.8.1 Company Overview
10.8.2 Financial Analysis
10.8.3 Segmental and Regional Analysis
10.8.4 Research & Development Expenses
10.8.5 SWOT Analysis
10.9 TT Electronics PLC
10.9.1 Company Overview
10.9.2 Financial Analysis
10.9.3 Regional & Segmental Analysis
10.9.4 Research & Development Expenses
10.9.5 SWOT Analysis
10.10. Renesas Electronics Corporation
10.10.1 Company Overview
10.10.2 Financial Analysis
10.10.3 Segmental and Regional Analysis
10.10.4 Research & Development Expense
10.10.5 SWOT Analysis

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