Space Electronics Market Size To Grow USD 5.4 Billion By 2031 at a CAGR of 5.04% | Valuates Reports
The global space electronics market was valued at USD 3.3 Billion in 2021 and is projected to reach USD 5.4 Billion by 2031, growing at a CAGR of 5.04% from 2022-2031.
- The global space electronics market was valued at USD 3.3 Billion in 2021 and is projected to reach USD 5.4 Billion by 2031, growing at a CAGR of 5.04% from 2022-2031.
- Deep space operations and increasing satellite launches are propelling the space electronics market's expansion.
- Integration of SATCOM in the communication Industry will further fuel the space electronics market.
- SPACE ELECTRONICS MARKET SHARE ANALYSIS:
Based on region, Asia Pacific would exhibit the highest cagr of 6% during 2022 - 2031.