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.
Free Valuable Insights: The Space Electronics Market is Predict to reach USD 5.8 Billion by 2031, at a CAGR of 6%
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
TABLE 1 North America Space Electronics Market, 2020 - 2023, USD Million
TABLE 2 North America Space Electronics Market, 2024 - 2031, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Space Electronics Market
TABLE 4 Product Launches And Product Expansions– Space Electronics Market
TABLE 5 Acquisition and Mergers– Space Electronics Market
TABLE 6 North America Space Electronics Market by Type, 2020 - 2023, USD Million
TABLE 7 North America Space Electronics Market by Type, 2024 - 2031, USD Million
TABLE 8 North America Radiation Hardened Market by Region, 2020 - 2023, USD Million
TABLE 9 North America Radiation Hardened Market by Region, 2024 - 2031, USD Million
TABLE 10 North America Radiation Tolerant Market by Region, 2020 - 2023, USD Million
TABLE 11 North America Radiation Tolerant Market by Region, 2024 - 2031, USD Million
TABLE 12 North America Space Electronics Market by Platform, 2020 - 2023, USD Million
TABLE 13 North America Space Electronics Market by Platform, 2024 - 2031, USD Million
TABLE 14 North America Satellite Market by Country, 2020 - 2023, USD Million
TABLE 15 North America Satellite Market by Country, 2024 - 2031, USD Million
TABLE 16 North America Launch Vehicles Market by Country, 2020 - 2023, USD Million
TABLE 17 North America Launch Vehicles Market by Country, 2024 - 2031, USD Million
TABLE 18 North America Deep Space Probes Market by Country, 2020 - 2023, USD Million
TABLE 19 North America Deep Space Probes Market by Country, 2024 - 2031, USD Million
TABLE 20 North America Space Electronics Market by Component, 2020 - 2023, USD Million
TABLE 21 North America Space Electronics Market by Component, 2024 - 2031, USD Million
TABLE 22 North America Microprocessors & Controllers Market by Country, 2020 - 2023, USD Million
TABLE 23 North America Microprocessors & Controllers Market by Country, 2024 - 2031, USD Million
TABLE 24 North America Discrete Semiconductors Market by Country, 2020 - 2023, USD Million
TABLE 25 North America Discrete Semiconductors Market by Country, 2024 - 2031, USD Million
TABLE 26 North America Power Source & Cables Market by Country, 2020 - 2023, USD Million
TABLE 27 North America Power Source & Cables Market by Country, 2024 - 2031, USD Million
TABLE 28 North America Sensors Market by Country, 2020 - 2023, USD Million
TABLE 29 North America Sensors Market by Country, 2024 - 2031, USD Million
TABLE 30 North America Application Specific Integrated Circuits (ASIC) Market by Country, 2020 - 2023, USD Million
TABLE 31 North America Application Specific Integrated Circuits (ASIC) Market by Country, 2024 - 2031, USD Million
TABLE 32 North America Memory Chips Market by Country, 2020 - 2023, USD Million
TABLE 33 North America Memory Chips Market by Country, 2024 - 2031, USD Million
TABLE 34 North America Others Market by Country, 2020 - 2023, USD Million
TABLE 35 North America Others Market by Country, 2024 - 2031, USD Million
TABLE 36 North America Space Electronics Market by Application, 2020 - 2023, USD Million
TABLE 37 North America Space Electronics Market by Application, 2024 - 2031, USD Million
TABLE 38 North America Communication Market by Country, 2020 - 2023, USD Million
TABLE 39 North America Communication Market by Country, 2024 - 2031, USD Million
TABLE 40 North America Navigation, Global Positioning System (GPS) & Surveillance Market by Country, 2020 - 2023, USD Million
TABLE 41 North America Navigation, Global Positioning System (GPS) & Surveillance Market by Country, 2024 - 2031, USD Million
TABLE 42 North America Earth Observation Market by Country, 2020 - 2023, USD Million
TABLE 43 North America Earth Observation Market by Country, 2024 - 2031, USD Million
TABLE 44 North America Technology Development & Education Market by Country, 2020 - 2023, USD Million
TABLE 45 North America Technology Development & Education Market by Country, 2024 - 2031, USD Million
TABLE 46 North America Others Market by Country, 2020 - 2023, USD Million
TABLE 47 North America Others Market by Country, 2024 - 2031, USD Million
TABLE 48 North America Space Electronics Market by Country, 2020 - 2023, USD Million
TABLE 49 North America Space Electronics Market by Country, 2024 - 2031, USD Million
TABLE 50 US Space Electronics Market, 2020 - 2023, USD Million
TABLE 51 US Space Electronics Market, 2024 - 2031, USD Million
TABLE 52 US Space Electronics Market by Type, 2020 - 2023, USD Million
TABLE 53 US Space Electronics Market by Type, 2024 - 2031, USD Million
TABLE 54 US Space Electronics Market by Platform, 2020 - 2023, USD Million
TABLE 55 US Space Electronics Market by Platform, 2024 - 2031, USD Million
TABLE 56 US Space Electronics Market by Component, 2020 - 2023, USD Million
TABLE 57 US Space Electronics Market by Component, 2024 - 2031, USD Million
TABLE 58 US Space Electronics Market by Application, 2020 - 2023, USD Million
TABLE 59 US Space Electronics Market by Application, 2024 - 2031, USD Million
TABLE 60 Canada Space Electronics Market, 2020 - 2023, USD Million
TABLE 61 Canada Space Electronics Market, 2024 - 2031, USD Million
TABLE 62 Canada Space Electronics Market by Type, 2020 - 2023, USD Million
TABLE 63 Canada Space Electronics Market by Type, 2024 - 2031, USD Million
TABLE 64 Canada Space Electronics Market by Platform, 2020 - 2023, USD Million
TABLE 65 Canada Space Electronics Market by Platform, 2024 - 2031, USD Million
TABLE 66 Canada Space Electronics Market by Component, 2020 - 2023, USD Million
TABLE 67 Canada Space Electronics Market by Component, 2024 - 2031, USD Million
TABLE 68 Canada Space Electronics Market by Application, 2020 - 2023, USD Million
TABLE 69 Canada Space Electronics Market by Application, 2024 - 2031, USD Million
TABLE 70 Mexico Space Electronics Market, 2020 - 2023, USD Million
TABLE 71 Mexico Space Electronics Market, 2024 - 2031, USD Million
TABLE 72 Mexico Space Electronics Market by Type, 2020 - 2023, USD Million
TABLE 73 Mexico Space Electronics Market by Type, 2024 - 2031, USD Million
TABLE 74 Mexico Space Electronics Market by Platform, 2020 - 2023, USD Million
TABLE 75 Mexico Space Electronics Market by Platform, 2024 - 2031, USD Million
TABLE 76 Mexico Space Electronics Market by Component, 2020 - 2023, USD Million
TABLE 77 Mexico Space Electronics Market by Component, 2024 - 2031, USD Million
TABLE 78 Mexico Space Electronics Market by Application, 2020 - 2023, USD Million
TABLE 79 Mexico Space Electronics Market by Application, 2024 - 2031, USD Million
TABLE 80 Rest of North America Space Electronics Market, 2020 - 2023, USD Million
TABLE 81 Rest of North America Space Electronics Market, 2024 - 2031, USD Million
TABLE 82 Rest of North America Space Electronics Market by Type, 2020 - 2023, USD Million
TABLE 83 Rest of North America Space Electronics Market by Type, 2024 - 2031, USD Million
TABLE 84 Rest of North America Space Electronics Market by Platform, 2020 - 2023, USD Million
TABLE 85 Rest of North America Space Electronics Market by Platform, 2024 - 2031, USD Million
TABLE 86 Rest of North America Space Electronics Market by Component, 2020 - 2023, USD Million
TABLE 87 Rest of North America Space Electronics Market by Component, 2024 - 2031, USD Million
TABLE 88 Rest of North America Space Electronics Market by Application, 2020 - 2023, USD Million
TABLE 89 Rest of North America Space Electronics Market by Application, 2024 - 2031, USD Million
TABLE 90 Key Information – STMicroelectronics N.V.
TABLE 91 Key Inforation – Texas Instruments, Inc.
TABLE 92 Key Information – Honeywell International, Inc.
TABLE 93 Key Information – Eaton Corporation PLC
TABLE 94 Key Information – Teledyne Technologies, Inc.
TABLE 95 Key Information – BAE Systems PLC
TABLE 96 Key information – Advanced Micro Devices, Inc.
TABLE 97 Key Information – Microchip Technology Incorporated
TABLE 98 Key Infomation – TT Electronics PLC
TABLE 99 Key Information – Renesas Electronics Corporation
List of Figures
FIG 1 Methodology for the research
FIG 2 North America Space Electronics Market, 2020 - 2031, USD Million
FIG 3 Key Factors Impacting Space Electronics Market
FIG 4 KBV Cardinal Matrix
FIG 5 Market Share Analysis, 2023
FIG 6 Key Leading Strategies: Percentage Distribution (2020-2024)
FIG 7 Key Strategic Move: (Partnerships, Collaborations and Agreements: 2021, Aug – 2023, Sep) Leading Players
FIG 8 Porter’s Five Forces Analysis – Space Electronics Market
FIG 9 North America Space Electronics Market share by Type, 2023
FIG 10 North America Space Electronics Market share by Type, 2031
FIG 11 North America Space Electronics Market by Type, 2020 - 2031, USD Million
FIG 12 North America Space Electronics Market share by Platform, 2023
FIG 13 North America Space Electronics Market share by Platform, 2031
FIG 14 North America Space Electronics Market by Platform, 2020 - 2031, USD Million
FIG 15 North America Space Electronics Market share by Component, 2023
FIG 16 North America Space Electronics Market share by Component, 2031
FIG 17 North America Space Electronics Market by Component, 2020 - 2031, USD Million
FIG 18 North America Space Electronics Market share by Application, 2023
FIG 19 North America Space Electronics Market share by Application, 2031
FIG 20 North America Space Electronics Market by Application, 2020 - 2031, USD Million
FIG 21 North America Space Electronics Market share by Country, 2023
FIG 22 North America Space Electronics Market share by Country, 2031
FIG 23 North America Space Electronics Market by Country, 2020 - 2031, USD Million
FIG 24 Recent strategies and developments: STMicroelectronics N.V.
FIG 25 SWOT Analysis: STMicroelectronics N.V.
FIG 26 SWOT Analysis: Texas Instruments, Inc.
FIG 27 Recent strategies and developments: Honeywell International, Inc.
FIG 28 Swot analysis: Honeywell international, inc.
FIG 29 SWOT Analysis: Eaton Corporation PLC
FIG 30 SWOT Analysis: Teledyne Technologies, Inc.
FIG 31 Recent strategies and developments: BAE Systems PLC
FIG 32 SWOT Analysis: BAE SYSTEMS PLC
FIG 33 SWOT Analysis: Advanced Micro Devices, Inc.
FIG 34 SWOT Analysis: Microchip Technology Incorporated
FIG 35 SWOT Analysis: TT electronics PLC
FIG 36 SWOT Analysis: Renesas Electronics Corporation