Space Electronics Market Report 2026

The space electronics market size has grown strongly in recent years. It will grow from $2.8 billion in 2025 to $2.98 billion in 2026 at a compound annual growth rate (CAGR) of 6.6%. The growth in the historic period can be attributed to increasing deployment of satellites requiring radiation-hardened electronic components, growth in demand for reliable sensors such as accelerometers and ambient light sensors for spacecraft operations, advancements in space-qualified semiconductor technologies improving durability under extreme conditions, expansion of government and commercial space missions driving early adoption of specialized electronics, rising need for precise environmental monitoring systems including air quality sensors and fan controllers in spacecraft.

The space electronics market size is expected to see strong growth in the next few years. It will grow to $3.71 billion in 2030 at a compound annual growth rate (CAGR) of 5.6%. The growth in the forecast period can be attributed to growing investment in miniaturized and high-performance electronics for small satellite constellations, rising demand for advanced radiation-tolerant components supporting deep space exploration, development of multifunctional sensor systems enabling enhanced spacecraft autonomy, increasing adoption of modular electronic architectures to reduce integration time and cost, expansion of commercial space activities driving procurement of scalable space electronics solutions. Major trends in the forecast period include growing demand for radiation-hardened electronics for deep-space missions, rising adoption of miniaturized sensors for small satellites, increasing integration of multifunctional electronic components in spacecraft, advancement in thermal and radiation shielding materials, expansion of commercial satellite constellations requiring robust electronics.

The growing number of satellites is expected to drive the expansion of the space electronics market in the coming years. A satellite is any object that orbits a planet, star, or moon. The rise in satellite deployments is largely due to increasing demand for global communication and connectivity. Satellites are vulnerable to charging and discharging effects and therefore require specialized space components, such as space electronics, that contain no floating metal and can withstand harsh space environments. For example, in January 2024, a report published by Space Foundation, a US-based nonprofit organization, indicated that global launch activity reached record levels for the third consecutive year, with 223 launch attempts and 212 successful launches. Commercial launches increased by 50% compared to 2022. More than 2,800 satellites were placed into orbit, representing a 23% increase from the previous year. Therefore, the rising number of satellites is contributing to the growth of the space electronics market.

Companies in the space electronics market are developing innovative technologies such as modular satellite platforms to speed up satellite deployment and reduce mission costs. Modular satellite platforms are spacecraft constructed from standardized, interchangeable modules that can be assembled or reconfigured quickly, helping shorten development time, decrease costs, and enable more flexible satellite missions. For instance, in July 2025, the National Aeronautics and Space Administration (NASA), a US-based government space agency, launched the Athena EPIC satellite aboard a SpaceX Falcon 9 rocket as part of a rideshare mission. The mission evaluated a scalable satellite architecture that allows multiple payloads to share onboard electronics and resources, lowering costs and enabling quicker deployment of instruments for scientific research and Earth observation. Athena EPIC uses Hyper-Integrated Satlets (HISats), modular building-block components that can be combined into larger systems called SensorCraft. These HISats handle essential functions such as heating, power, and control, eliminating the need for separate subsystems for each payload. The satellite’s sensor payload was built using spare components from earlier NASA missions, demonstrating a cost-effective approach to reusing proven technology.

In July 2023, LightRidge Solutions, a US-based aerospace and defense company, acquired Trident Systems for an undisclosed amount. The acquisition aims to strengthen LightRidge Solutions’ capabilities in advanced space electronics and C4ISR technologies while increasing production efficiency to meet national security needs. This merger is also expected to drive innovation and expand the company’s portfolio to provide cost-effective, high-performance technologies. Trident Systems is a US-based commercial company that integrates advanced software with durable space-grade hardware to enhance aerospace and defense applications.

Major companies operating in the space electronics market are BAE Systems PLC, Texas Instruments, Inc., Cobham PLC, Honeywell International Inc., STMicroelectronics, Teledyne e2v (UK) Ltd., TT Electronics, Ruag Group, Infineon Technologies, Onsemi, Renesas Electronics Corporation, Analog Devices Inc., Microchip Technology Inc., NXP Semiconductors, Vishay Intertechnology Inc., Silicon Laboratories Inc., L3Harris Technologies Inc., Lockheed Martin Corporation, Northrop Grumman Corporation, Raytheon Technologies Corporation, Thales Group, Airbus Defence and Space.

North America was the largest region in the space electronics market in 2025. Asia-Pacific is expected to be the fastest-growing region in the space electronics market report during the forecast period. The regions covered in the space electronics market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Tariffs are influencing the space electronics market by raising import costs for semiconductors, microprocessors, radiation-hardened components, and specialized sensors essential for spacecraft and satellite systems. These increased expenses are particularly affecting component and platform segments across major manufacturing regions such as North America, Europe, and East Asia. Higher tariffs disrupt supply chains, slow production cycles, and increase overall system development costs, especially for satellite and launch vehicle projects. On the positive side, tariffs are prompting domestic production investments and encouraging regional sourcing strategies that strengthen technological self-reliance in the space electronics industry.

The space electronics market research report is one of a series of new reports that provides space electronics market statistics, including space electronics industry global market size, regional shares, competitors with a space electronics market share, detailed space electronics market segments, market trends and opportunities, and any further data you may need to thrive in the space electronics industry. This space electronics market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Space electronics encompass specialized instruments and electronic components specifically designed for use in spacecraft, such as satellites, rockets, and deep space probes. These systems are engineered to function reliably in the harsh conditions of outer space, which involve extreme temperatures, radiation exposure, and vacuum environments.

The primary types of space electronics include radiation-hardened and radiation-tolerant components. Radiation hardening involves designing electronics and components resilient to significant levels of ionizing radiation found in environments like cosmic outer space, X-ray radiation in medical or security sectors, and high-energy radiation in nuclear power plants. These components comprise microprocessors, controllers, sensors, application-specific integrated circuits (ASICs), memory chips, power source cables, discrete semiconductors, and other related elements. These electronics are utilized in platforms such as satellites, launch vehicles, and deep space probes, catering to applications in communication, Earth observation, navigation, global positioning systems (GPS), technology development, education, and various other specialized uses.

The countries covered in the space electronics market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The space electronics market consists of sales of different types of sensors, such as accelerometers, air quality sensors, ambient light sensors, color sensors, and fan controllers. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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