The global satellite commercial-off-the-shelf components market is estimated to reach $4.12 billion in 2032 from $1.93 billion in 2021, at a growth rate of 1.21% during the forecast period 2022-2032. The global satellite commercial-off-the-shelf components market is expected to be driven due to technological expansion in electronic components and associated devices for the Internet of Things (IoT) enabling services.
Read Report Overview: Satellite Commercial-Off-the-Shelf Components Market
Market Lifecycle Stage
There has been a constant shift in the satellite's electronic technologies due to the increased demand for small satellites. Extensive research has been conducted on new global information networks and electronic information management systems to improve the satellite's efficiency and cost and size reduction. The space industry has embraced commercial-off-the-shelf (COTS) components, which provide efficient radiation shielding without compromising the quality. COTS components are used to reduce costs and the development time of space electronics.
Several projects are currently in progress to produce advanced commercial-off-the-shelf components with enhanced capability to shield space perturbations at low cost, which are expected to increase with the launch of upcoming mega-constellations as well as with the rising COTS demand is ubiquitously profitable for the component developing companies, since the demand for customization in the COTS components is least for such mission profiles, and "as it is" components are more preferred.
The satellite operators are trying to deploy components of lower screening levels more quickly and cheaply than the conventional qualified manufacturing list (QML). This involves anything from pure plastic-packaged COTS parts all the way to screening just below QML or sub-QML levels. As a result, the market for satellite commercial-off-the-shelf components is well-established.
Impact
· The increasing number of satellites in low Earth orbit (LEO) with the upcoming mega-constellation has placed a high demand for the production of satellite commercial-off-the-shelf components during the forecast period.
· Furthermore, rising demand for reconfigurable satellite payloads has resulted in the need for miniaturized satellite commercial-off-the-shelf components to support complex missions for significantly longer periods.
Recent Developments in Global Satellite Commercial-Off-The-Shelf Components Market
· In March 2022, Cobham Advanced Electronic Solutions selected Lockheed Martin Space as a partner to develop advanced, 3D printed, phased array antennas for satellite missions by using additive manufacturing technology
· In December 2021, Microchip extended its gallium nitride (GaN) radio frequency (RF) power device portfolio by launching monolithic microwave integrated circuits (MMICs) and discrete transistors, which provides high performance in applications such as satellite communications, commercial radar system, 5G to electronic warfare, and defense radar systems and test equipment.
· In November 2021, Cobham Plc launched the industry's first single-stage DC-DC converter for satellite payloads. The device provides spacecraft designers with highly efficient power conversion modules, enabling software to define payloads and reprogrammable. In addition, the device also helps reduce weight, size, and power requirements in space applications.
· In February 2022, Cobham Advanced Electronic Solutions partnered with Trident Systems to provide integrated advanced communications solutions and mission computing for air, space, land, and sea defense applications.
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Competitive Strategy: Key players in the global satellite commercial-off-the-shelf components market analyzed and profiled in the study involve satellite commercial-off-the-shelf components manufacturers that provide solar cells/arrays, microprocessors, memory, batteries, and power sources, among others. Moreover, a detailed competitive benchmarking of the players operating in the global satellite commercial-off-the-shelf components market has been done to help the reader understand how players stack against each other, presenting a clear market landscape. Additionally, comprehensive competitive strategies such as contracts, partnerships, agreements, acquisitions, and collaborations will aid the reader in understanding the untapped revenue pockets in the market.
