Lucintel Forecasts Space Semiconductor Market to Reach $1.8 billion by 2028

According to the recent study the space semiconductor market is projected to reach an estimated $1.8 billion by 2028 from $1.1 billion in 2022, at a CAGR of 9.1% from 2022 to 2028. Growth in this market is primarily driven by growth in satellites, space probes and launch vehicles; development of small satellites for various sectors; and advancements in technology for product development in space activities.

Browse 150 -page report to understand trends, opportunities and forecast in space semiconductor market by platform type (satellites, launch vehicles, and others), product type (radiation-hardened and radiation-tolerant), component type (discrete semiconductors, optoelectronics, integrated circuits, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).

“Radiation hardened market is expected to remain the largest segment during the forecast period.”

Based on product type, the space semiconductor market is segmented into radiation-hardened and radiation-tolerant. Lucintel forecasts that the radiation hardened market is expected to remain the largest segment due to rising adoption of spaceborne next-generation semiconductors. Moreover, radiation hardened space semiconductors have high stability and efficiency at very high temperature applications.

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“Asia pacific will dominate the space semiconductor market in near future”

The APAC region is expected to witness the highest growth in the forecast period due increasing number of satellite launch service providers and economic developments in India, China, and Japan.

Major players of space semiconductor market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Texas Instruments, BAE Systems, Cobham, Microsemi, STMicroelectronics, Solid State Devices, T.T.Electronics, Boeing Company, and Xilinx are among the major space semiconductor providers.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at

About Lucintel

At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.

Roy Almaguer
Dallas, Texas, USA
Tel. 972.636.5056

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