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Global Space Embedded Computing Platform Market Report 2022: Impact of Ukraine-Russia War



Key Players of Space Onboard Computing Platform Market are BAE Systems, Thales Group, L3Harris Technologies Inc, Lockheed Martin Corporation, Honeywell International Inc, Raytheon Technologies Corporation, Saab AB, Northrop Grumman, Airbus Industrie GIE, Ball Corporation, Cobham Gaisler Ab, Contec Co Ltd, EnduroSat, G.

New York, 08 Dec. 2022 (GLOBE NEWSWIRE) — announces the publication of the report “Space On-board Computing Platform Global Market Report 2022: Ukraine-Russia War Impact” – https://www.reportlinker. com/p06371429/?utm_source=GNW
AUSS Srl, International Business Machines Corporation, Leonardo S p A, Loft Orbital, Space Tango, ST Engineering and Teledyne Technologies Inc.

The global embedded space computing platform market is expected to grow from USD 1.07 billion in 2021 to USD 1.24 billion in 2022 at a compound annual growth rate (CAGR) of 15.6%. The Russian-Ukrainian war has disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions against several countries, a spike in commodity prices and supply chain disruptions, affecting many markets around the world. The Space Embedded Computing Platform Market is expected to reach USD 2.09 Billion by 2026 at a CAGR of 14%.

The spaceborne onboard computing platform market consists of sales of spaceborne onboard computing platforms by entities (organizations, individual companies, and partnerships) that are used for the collection, analysis, and processing of onboard satellite-gathered data to provide a exact map of the earth’s surface. The space-borne computing platform collects data through various applications and provides mapping and navigation around the world.

The main platforms for onboard space computing platforms are nanosatellites, microsatellites, small satellites, medium satellites, large satellites and spacecraft. which makes it easier to carry out various missions such as interplanetary, navigation and others due to their small size.

The different technologies involved are beds and non-beds. The different orbits include Low Earth Orbit (LEO), Medium Earth Orbit (MREO) and Geostationary Earth Orbit (GEO) which involve several modes of communication such as s-band, x-band, c-band, k and others.

The various applications include communication, earth observation, navigation, meteorology and others.

North America was the largest region in the Space Embedded Computing Platform Market in 2021. Regions covered in the Space Embedded Computing Platform Market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America and the Middle East. and Africa.

Increase in space exploration missions is expected to propel the growth of the embedded space computing platform market. Embedded space computing platforms are commonly used in a number of space exploration missions due to their information gathering capabilities using various applications, data storage, analysis and distribution of collected data to ensure mapping and navigation in earth and space exploration missions.

Additionally, space-borne computing is capable of enabling applications to adapt to new situations or needs and to rapidly deploy new updates or algorithms to existing systems for image analysis in space explorations or missions. For example, in November 2021, according to an article by Seed Scientific, a US-based science recruitment center, approximately 8,378 satellites were launched into space and NASA’s budget for the space exploration increased by 3% in 2021. compared to previous years with 23.3 billion dollars. Hence, the increasing number of space exploration missions is driving the growth of the space-borne computing platform market.

Technological advancements have become the key trend gaining popularity in the embedded computing platform market. Major companies operating in the space embedded computing platform sector are focusing on developing innovative technologies that could provide better solutions and services to various industries to optimize their business operations. and strengthen their market position.

For example, in March 2022, RAMON SPACE, a US-based company operating in the embedded space computing platform market, launched NuStream, an advanced data-driven space computing infrastructure platform that uses a internal radiation resistant technology. Hardened technology makes electronic components resistant to cosmic or natural magnetic radiation so they can operate in harsh conditions without compromising performance.

NuStream is able to deliver highly reliable storage capabilities to meet unique environmental requirements with optimized size, weight and cost.

In April 2022, Airbus, a German software and services company operating in space onboard computing platform, acquired DSI Datensicherheit GmbH for an undisclosed amount. Through this acquisition, Airbus aims to improve its space-based on-board computing platform, cryptography, and communication systems for space, airborne, naval, and ground applications and gain market advantage.

DSI Datensicherheit GmbH is a Germany-based company engaged in embedded space computing platforms and cryptography.

The countries covered in the Space Embedded Computing Platforms market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, Korea of the South, the United Kingdom and the United States.

The Space Embedded Computing Platforms Market research report is part of a series of new reports that provide statistics on the Space Embedded Computing Platforms market, including the global industry market size Space Embedded Computing Platforms, Regional Shares, Competitors with Space Embedded Computing Platforms Market Share. , detailed Space Embedded Computing Platform market segments, market trends, and opportunities, and any other data you may need to thrive in the Space Embedded Computing Platform industry. This Space Embedded Computing Platforms Market research report provides a comprehensive perspective of everything you need, with an in-depth analysis of current and future industry scenarios.
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