The Space On Board Computing Platform Global Market Report 2023, provides comprehensive information on the space on board computing platform market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
Learn More On The Space On Board Computing Platform Market’s Growth:
As per The Business Research Company’s Space On Board Computing Platform Global Market Report 2023, the market size is expected to grow from $1.23 billion in 2022 to $1.4 billion in 2023 at a compound annual growth rate (CAGR) of 13.8%. The Russia-Ukraine war 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 on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the space on-board computing platform is expected to grow to $2.25 billion in 2027 at a CAGR of 12.6%.
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Technological advancements have emerged as the key trend gaining popularity in the onboard computing platform market. Major companies operating in the space on-board computing platform sector are focused on developing innovative technologies that could provide better solutions and services to various industries to optimize their business operations and strengthen their position in the market. For instance, in March 2022, RAMON SPACE, a US-based company operating in the space on-board computing platform market, launched NuStream, an advanced data-driven space computing infrastructure platform that utilizes in-house radiation-hardened technology. Radiation-hardened technology makes electronic components resistant to cosmic or natural magnetic radiation so that they can operate in harsh conditions without compromising performance. NuStream is capable of delivering highly reliable storage capabilities to meet unique environmental requirements with optimized size, weight, and cost.
The space on board computing platform market is segmented:
1) By Platform: Nano Satellite, Microsatellite, Small satellite, Medium satellite, Large satellite, Spacecraft
2) By Technology: Cots, Non-Cots
3) By Orbit: Low Earth Orbit (LEO), Medium Earth Orbit (MEO), Geostationary Earth Orbit (GEO)
4) By Communication Frequency: S-Band, X-Band, C-Band, K-Band, Other Communication Frequencies
5) By Application: Communication, Earth Observation, Navigation, Meteorology, Other Applications
North America was the largest region in the space on board computing platform market in 2022.
The table of contents in TBRC’s space on board computing platform market report includes:
5. Space On-Board Computing Platform Market Size And Growth
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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