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Space On-board Computing Platform Market Thrives with a 12.1% CAGR - A Deep Dive

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.

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Space On-board Computing Platform Market Thrives with a 12.1% CAGR - A Deep Dive

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  1. Space On Space On- -board Computing Platform Market board Computing Platform Market Thrives with a 12.1% CAGR Thrives with a 12.1% CAGR - - A Deep Dive A Deep Dive According to a recent research report by MarketsandMarkets, the Space On-board Computing Platform Market is poised for significant growth in the coming years. Here are some key highlights from the report: Market Overview: The Space On-board Computing Platform Market is estimated to have been valued at USD 1.3 billion in 2022 and is projected to reach USD 2.3 billion by 2027, at a compound annual growth rate (CAGR) of 12.1% from 2022 to 2027. This growth is attributed to various factors, including increased trade in space on-board computing platforms, advancements in the space sector, and growing demands in the national security sector. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=227324327 Key Players: Major players in the Space on-board computing platform market include BAE Systems (UK), L3harris Technologies (US), Lockheed Martin Corporation (US), Honeywell International Inc. (US), Northrop Grumman Corp. (US), Thales Group (France), and Lockheed Martin (US). Other key players in the market are Ramon Space (Israel), LMO Space (Luxembourg), and Cobham Gaisler AB (Sweden). Use of COTS Standard Components: One significant trend is the increasing use of Commercial-off-the-Shelf (COTS) standard components and systems in mission-critical space applications. NASA, for instance, has introduced these COTS standard components in spacecraft for specific and mission-critical applications, with careful qualification and screening of components. X-band Communication Segment Growth: The X-band communication segment is projected to experience the highest Compound Annual Growth Rate (CAGR) during the forecast period. X-band frequencies are preferred in military satellites due to their tolerance to fading, interference, rain resilience, and other critical performance characteristics. Communication Application:

  2. The communication segment is expected to grow at the highest rate among various applications. The rise of 5G and the development of new hardware systems present opportunities in satellite-enabled communication. Advanced space on-board computing platforms are helping to generate higher data rates and improve the overall communication capabilities of nanosatellites, microsatellites, and small satellites. North America Leading Market: North America, with the United States as a major contributor, led the Space on-board computing platform market in 2021. The growing demand for these platforms in the US and Canada, coupled with their use in both commercial and military satellite applications, is driving market growth in North America. Ask for Sample Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=227324327 About MarketsandMarkets™ MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients. The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. Built on the ’GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry. Contact: Mr. Aashish Mehra MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA: 1-888-600-6441

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