The space on-board computing platform market is estimated

New York, May 13, 2022 (GLOBE NEWSWIRE) – Reportlinker.com announces the release of the report “Space On-board Computing Platform Market by Platform, Application, Orbit, Communication Frequency, Technology And Region – Forecast to 2027” – https : //www.reportlinker.com/p06277259/? utm_source = GNW
Public and private initiatives in space exploration with a converging global interest in moon exploration will increase in the coming future. Global government investments in space exploration totaled USD 14.6 billion in 2017, a 6% increase from 2016. In terms of applications, moon and Mars explorations are expected to account for the majority of space missions to be launched by 2027, as lunar exploration becomes the focus of private and public stakeholders. 18 missions are anticipated to be launched for other deep space exploration, while the remaining missions will be dedicated to Mars exploration.

Space explorations provide tangible and intangible benefits for humanity in the long term. The Low Earth Orbit (LEO) research and exploration help provide solutions for various global services, such as communication, global positioning, oceanography, surveillance, and astronomy.

Thus, global expenditures have grown in the past 5 years, driven by programs in leading countries and new countries investing in space exploration. The development of high-tech space on-board computing platforms enables more advanced features.

Technological breakthroughs and insights from past space missions have inspired new players to invest in this market due to the significant opportunities.

Increasing use of small satellites in various applications
Small satellites have gained widespread use in commercial, civil, government, and military applications. The affordability of these satellite missions has bolstered civil and commercial applications by offering an inexpensive means of exploring well-focused scientific research objectives, such as monitoring the space radiation environment, updating the international geomagnetic reference field, or providing an early proof-of-concept. for the development of colossal infrastructural projects.
Several drawbacks, such as the limited on-board power provision for hardware components support, low accuracy in attitude knowledge, control for remote sensing, and inadequate command and data-handling capabilities, have already been addressed. This has resulted in the development of advanced nanosatellite and microsatellite capabilities.

In-orbit autonomy of such satellites is also being worked upon to further extend mission capabilities. As a result of these developments, small satellites can meet the requirements of various application areas, such as navigation, communication, and earth observation, thereby opening opportunities for the growth of the nanosatellite and microsatellite markets.
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Medium Satellites: The largest segment of the Space on-board computing platform market, by Platform.

Medium satellites have a wet mass (including fuel) between 150 kg and 1,000 kg. The operational and manufacturing costs of space on-board computing platforms used in medium satellites are higher than those of small satellites because of the presence of additional payloads, higher requirement of temperature tolerance, and radiation hardness. These satellites are used for applications such as climate. & environment monitoring, Earth observation & meteorology, scientific research & exploration, and surveillance & security.

Low Earth Orbit (LEO): The fastest-growing segment of the space on-board computing platform market, by Orbit “
Satellites in the LEO are placed between 500 and 1,500 kilometers above the surface of the Earth.They are visible for a period of 95 to 120 minutes, as they satellites circulate in a lower orbit.

There is a growing demand for space on-board computing platform systems that manage all operations in CubeSats and small satellites, right from orbit control and orbital transfers by controlling propulsion systems to managing its IO devices to perform the required tasks. The growth of the space The sector has led to the greater use of advanced components, which create many opportunities for advancements in space on-board computing platforms.

Companies such as MDA (Canada), Endurosat (Bulgaria), and Ramon Space (Israel) are some of the key developers of space on-board computing platforms for LEO satellites that are used for Earth observation, communication, and navigation applications.

North America: The largest contributing region in the space on-board computing platform market.

The US and Canada are key countries considered for market analysis in the North American region.Space agencies of these countries are involved in the development of technologically advanced space on-board computing platforms.

Well-established and prominent manufacturers of these platforms, such as Lockheed Martin Corporation (US), Northrop Grumman Corporation (US), Honeywell International Inc. (US), Raytheon Technologies Corporation (US), and MDA (Canada), are based in this region.

Breakdown of primaries
The study contains insights from various industry experts, ranging from component suppliers to Tier 1 companies and OEMs. The break-up of the primaries is as follows:
Company By Company Type: Tier 1–35%; Tier 2–45%; and Tier 3–20%
• ByDesignation: CLevel – 35%; Directors – 25%; and Others – 40%
By Region: North America – 40%; Europe – 20%; AsiaPacific – 30%; Middle East & Africa – 5%; and South America – 5%

SAAB AB (Sweden), Raytheon Technologies (US), Honeywell International Inc. (US), Thales Group (France), BAE Systems (UK), Leonardo SpA (Italy), and Northrop Grumman Corp. (US) are some of the leading players operating in the space on-board computing platform market report.

Research Coverage
The study covers the space on-board computing platform marketacross various segments and subsegments. It aims at estimating the size and growth potential of this market across different segments based onApplication, Platform, Communication Frequency, Orbit, Technology, and region.

This study also includes an in-depth competitive analysis of the key players in the market, along with their company profiles, key observations related to their product and business offerings, recent developments undertaken by them, and key market strategies adopted by them.

Reasons to Buy this Report
This report is expected to help market leaders / new entrants with information on the closest approximations of the revenue numbers for the overall space on-board computing platform marketandits segments. This study is also expected to provide regionwise information about the end use, and wherein space on -board computing platforms used.

This report aims at helping the stakeholders understand the competitive landscape of the market, gain insights to improve the position of their businesses and plan suitable go-to-market strategies. This report is also expected to help them understand the pulse of the market and provide them with information on key drivers, restraints, challenges, and opportunities influencing the growth of the market.
Read the full report: https://www.reportlinker.com/p06277259/?utm_source=GNW

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