DUBLIN, April 8, 2021 /PRNewswire/ -- The “Space-based Smart Sensors and Electronics Market - A Global and Regional Analysis: Focus on Product Type, Subsystem, Component, and Application - Analysis and Forecast, 2021-2026“ report has been added to ResearchAndMarkets.com's offering.
The space-based smart sensors and electronics industry analysis projects the market to have significant growth of CAGR 4.85% during the forecast period 2021-2026. North America is expected to dominate the global space-based smart sensors and electronics market with an estimated share of 44.72% in 2026. North America, including the major countries such as the U.S., is the most prominent region for the space-based smart sensors and electronics market. The presence of major players and intense competition among them makes North America the most technologically advanced region.
The global space-based smart sensors and electronics market is gaining widespread importance owing to the rising demand for small satellites, and the increasing reliability and functionality of launch vehicles and deep space probes. Moreover, the increased utilization of the commercial-of-the-shelf (COTS) component is one of the key factors that may propel market growth in the coming years.
Scope of the Global Space-Based Smart Sensors and Electronics Market
The purpose of the market analysis is to examine the space-based smart sensors and electronics market outlook in terms of factors driving the market, trends, technological developments, and competitive benchmarking, among others.