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Space on-Board Computing Platform Market Report 2025: NASA, SpaceX, and IBM Lead Space On-Board Computing Market Boom to $2.8B by 2029

1. Space on-board computing market projected to grow from $1.48B in 2024 to $1.64B in 2025. 2. The market expected to reach $2.8B by 2029, growing at 14.3% CAGR. 3. IBM listed as a key player in the expanding space computing sector. 4. Increased satellite missions signal significant demand for advanced computing systems. 5. Technological innovations, including AI, are crucial for market growth.

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FAQ

Why Bullish?

IBM’s involvement positions it favorably in a rapidly expanding market, similar to its past in cloud computing and AI.

How important is it?

IBM’s technology is pivotal in the growing space sector, indicating strong future revenue opportunities.

Why Long Term?

Sustained growth in space technology and IBM’s strategic investments are likely to yield significant long-term gains.

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Dublin, March 05, 2025 (GLOBE NEWSWIRE) -- The "Space on-Board Computing Platform Market Report 2025" report has been added to ResearchAndMarkets.com's offering.The space on-board computing platform market is experiencing a significant upswing, with projections indicating an escalation from $1.48 billion in 2024 to a remarkable $1.64 billion by 2025, growing at a compound annual growth rate (CAGR) of 11%. Analysts attribute this robust growth to heightened demands for earth observation data, advancements in satellite technology, the proliferation of satellite constellations, and the emergent necessity for on-board data processing, particularly in CubeSat and small satellite deployments. Future Forecasts: A Continued Trajectory of GrowthThe sector is not showing signs of slowing down, as forecasts suggest a continued steep ascent to $2.8 billion by 2029 at a CAGR of 14.3%. This surge is driven by the expansion of commercial space endeavors, the incorporation of edge computing in space operations, significant investments in deep space exploration, the demand for autonomous satellite functioning, and the innovative use of quantum computing within space applications. Emerging trends encompass the integration of artificial intelligence into space computing platforms, software-defined space systems, on-board machine learning, analytics, and the ongoing miniaturization of space computing components. Space Exploration Missions: A Driving Force for Market GrowthThe proliferation of space exploration missions stands as a primary catalyst for the expansion of the space on-board computing platform market. These platforms are indispensable in current and future missions for their functions in data collection, processing, and distribution. With the release of data from the United Nations Office for Outer Space Affairs indicating over 2,050 satellite registrations in 2022 and a 35% increase in 2023, the direct correlation between the growing number of space missions and the market's upward trajectory is clear. Industrial Robots and Technological Innovation Steer Market ForwardThe escalating integration of industrial robots, outfitted with space on-board computing platforms, is set to propel the market further. These platforms are pivotal to the tasks carried out by robots in various industrial settings, from path planning to quality control, thus facilitating higher productivity and automation. Technological advancements are at the forefront of the market's trends. Companies are continually innovating to offer superior solutions that optimize operations across multiple sectors and address the unique challenges of space conditions. Leading Companies and Market RegionsWith the objective of maintaining their dominance, key market players are focusing on high-density data storage products featuring modular architecture and flexibility. North America has emerged as the leading region in the space on-board computing platform market for 2024. However, Asia-Pacific is anticipated to be the most rapidly growing region throughout the forecast period, underlining the global reach and significance of the market. The importance of space on-board computing platforms cannot be overstated as they serve as the backbone of spacecraft avionics systems, critical for the collection, processing, and analysis of satellite-gathered data. This reported growth in the space on-board computing platform market signifies a poignant step forward for the global space industry, as the demand for technologically advanced computing systems in space continues to be a paramount driver of innovation and expansion in this sector.Key Attributes: Report AttributeDetailsNo. of Pages200Forecast Period2025 - 2029Estimated Market Value (USD) in 2025$1.64 BillionForecasted Market Value (USD) by 2029$2.8 BillionCompound Annual Growth Rate14.3%Regions CoveredGlobal Report Scope Markets Covered: by Platform: Nano Satellite; MicroSatellite; Small Satellite; Medium Satellite; Large Satellite; Spacecraftby Technology: Cots; Non-Cotsby Orbit: Low Earth Orbit (LEO); Medium Earth Orbit (MEO); Geostationary Earth Orbit (GEO)by Communication Frequency: S-Band; X-Band; C-Band; K-Band; Other Communication Frequenciesby Application: Communication; Earth Observation; Navigation; Meteorology; Other Applications Subsegments: by Nano Satellite: 1U CubeSats; 3U CubeSats; Other Nano Satellitesby Microsatellite: 10-100 Kg Satellites; Specialized Microsatellitesby Small Satellite: 100-500 Kg Satellites; Small Science Satellitesby Medium Satellite: 500-2,000 Kg Satellites; Medium Communication Satellitesby Large Satellite: Over 2,000 Kg Satellites; Large Earth Observation Satellitesby Spacecraft: Manned Spacecraft; Unmanned Spacecraft; Space Probes Companies FeaturedSome of the major companies featured in this Space on-Board Computing Platform market report include: BAE SystemsThales GroupL3Harris Technologies Inc.Lockheed Martin CorporationHoneywell International Inc.Raytheon Technologies CorporationSaab ABNorthrop Grumman CorporationAirbus SEBall CorporationCobham Gaisler ABContec Co LtdEnduroSatG. A. U. S. S. SrlInternational Business Machines Corporation (IBM)Leonardo S. p. A.Loft OrbitalSpace TangoST EngineeringTeledyne Technologies Inc.MDA CorporationRamon SpaceLMO SpaceSpace Micro Inc.Space Exploration Technologies Corp. (SpaceX)Blue Canyon TechnologiesAAC Clyde SpaceAstro DigitalAxelspace CorporationBlackSky Global LLC For more information about this report visit https://www.researchandmarkets.com/r/rzj8we About ResearchAndMarkets.comResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Space on-Board Computing Platform Market Space on-Board Computing Platform Market Space on-Board Computing Platform Market

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