MarketsandMarkets: The Space on-board computing platform market is estimated to be USD 1.3 billion in 2022 and is projected to reach USD 2.3 billion by 2027, at a CAGR of 12.1% from 2022 to 2027. The market is driven by factors such as development of new & advanced Space on-board computing platforms which are being used in several military and commercial satellites.
Northrop Grumman Corp. (US), Lockheed Martin Corp. (US), Honeywell International Inc. (US), BAE Systems (UK), Thales Group (France) are some of the leading companies in this market. The focus of these players is to provide rugged and reliable Space on-board computing platform which can be used in various different defence & commercial satellite applications. Their Research and Development (R&D) activities makes their hold on this market even stronger.
Honeywell International Inc.: Honeywell International Inc. is a key manufacturer of Space on-board computing platforms. It has a strong global distribution network and a broad product portfolio with varied applications. The company focuses on delivering scalable and affordable systems that increase accuracy and ruggedness.
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Lockheed Martin Corp.: The company is focused on the research & development of new technologies. It has developed high-tech Space on-board computing platform for satellites with different payload systems, and is a key supplier to the US, European, and Asian Pacific countries.
BAE Systems: This is one of the leading manufacturers and distributors of Space on-board computing platforms. It has a strong network of distributors across Europe, North America, Asia Pacific, and the Middle East. It offers Space on-board computing platforms for different sizes of satellites which are used for several operations.
Thales Group: Thales Group is one of the dominant players in the Space on-board computing platform market. The company intends to strengthen and expand its core businesses with targeted acquisitions and through product developments. The company develops products majorly for the European, and Middle Eastern defense forces.
Northrop Grumman Corporation: It has become one of the top players in the Space on-board computing platform market in recent years. The company manufactures an Space on-board computing platforms for LEO, MEO and GEO satellites.
Space On-board Computing Platform Market by Platform, Application (Earth Observation, Navigation, Communication, Military & Scientific), Orbit, Communication Frequency, Technology, and Region (North America, Europe, APAC and RoW) - Forecast to 2027
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