Space Semiconductor Market to Reach $4,813.8 million, Globally, by 2032 at 8.8% CAGR: Allied Market Research
WILMINGTON, Del., March 19, 2024 /PRNewswire/ -- Allied Market Research published a report, titled, "Space Semiconductor Market by Type (Radiation Hardened Grade and Radiation Tolerant Grade), Component (Integrated Circuits, Discrete Semiconductors Devices, Optical Devices, Microprocessor, Memory, Sensors, and Others), and Application (Satellite, Launch Vehicles, Deep Space Probe, and Rover and Lander): Global Opportunity Analysis and Industry Forecast, 2023–2032.
- In addition, large amounts of certain semiconductor materials, like neon gas, are made in Ukraine and are used in the semiconductor manufacturing process.
- Recent Advancements in the Space Semiconductor Sector Showcase Notable Collaborations and Innovations:
In August 2021, BAE Systems joined forces with Global Foundries to fabricate a radiation-hardened single-board computer tailored for space applications. - In September 2023, Northrop Grumman's U.K. division partnered with British startup Space Forge, which endeavors to manufacture semiconductors in space.
- On the basis of component, the integrated circuits segment held the highest market share in 2022, accounting for around one-third of the global space semiconductor market revenue.