MARKET OVERVIEW- GLOBAL SPACE GRADE CONNECTOR MARKET
Space grade connectors are used in the electronic equipment that are being utilized in the space industry, these connectors need to be well tested and should be approved by the authorized space agency or regulatory bodies of the respective countries. In recent years, various parts of the globe have made a huge emphasis on the space research and exploration, due to which many of the advancements, features and specification are being introduced to the spacecraft, satellites, carrier rocket, space stations, etc., so that the equipment, communication system and other functions of these can work smoothly, which creates a great utility of the space grade connectors in space sector.
MARKET DRIVERS
The global space grade connector market is growing as the need for satellite broadband services has been increased across the globe. In the last few years, digital penetration has been increased in almost every part of the globe, at a rapid pace. Thus, the number of internet users are growing at a drastic rate. The increased number of internet users are highly backed by affordable price of high-speed data, which has also increased the use of broadband internet in both residential and commercial sector and this has led to increased launch of satellite in the space. Thus, with increased satellite in the space, there has been a great utility of space grade connector in these satellites, which is majorly driving the market.
MARKET OPPORTUNITIES
The market is expected to have a new opportunity with the increasing expenditure of various regulatory bodies has been increased on the space industry. In recent years, the race of technology has been increased at a faster rate on a global level, due to which the number of space exploration programs in various countries has been increased. Also, an advanced space sector has become need for every nation in order to grab new business opportunities. Thus, as the expenditure on space industry is increasing all around the world, there has been a great demand for the space grade connector. Moreover, growing dependency of defence sector has been also providing a great opportunity for the space grade connector market to grow at a rapid pace.
MARKET RESTRAINTS
The market for space grade connectors is growing at a rapid pace, but the key factor which is restraining the growth of space grade connectors is the strict design parameters for designing space grade connectors. For instance, major space agencies such as NASA, SpaceX, Virgin, European Space agency, etc. have issued their respective guideline to meet the desired quality of the connectors. Thus, in order to meet these requirements, space grade connectors have to pass various tests which hinders the mass production of the space connectors which highly impact the growth of space graded connector market on a global level.
MARKET GROWTH CHALLENGES
The market for space grade connectors is growing at a rapid pace, but still there are few challenges which affect the growth of this market, which majorly include the entry of new players in the market is not easy. Since, the space grade connectors are made with specific industry standards, and it becomes difficult to enter small-scale to cop-up with these standards. Moreover, it became very difficult for the small scale enterprises engaged in the space industry to survive during the COVID crisis, since, this industry requires huge investment and due to the negative impacts of COVID pandemic, small scale enterprises suffered the most.
CUMULATIVE GROWTH ANALYSIS
The report provides an in-depth analysis of the global space grade connectors market, market size, and compound annual growth rate (CAGR) for the forecast period of 2022-2028, considering 2021 as the base year. Increased launch of satellites with growing date traffic is likely to help the market to grow further at a specific CAGR from 2022-2028.
SPACE GRADE CONNECTOR MARKET SEGMENTAL OVERVIEW
The Global Space Grade Connectors market comprises different market segments like type, applications, end-user and geography.
SPACE GRADE CONNECTOR MARKET BY TYPE
By type, the Space Grade Connector market includes a key segment of
- Circular Connector
- D-sub Connector
- Micro-D Connector
Based on type, the market for space grade connector has been dominated by the circular connectors. These are the cylindrical, multi-pin electrical connector that contains contacts that power electrical devices, transmit electrical signals or transmit data. A circular connector is developed to withstand harsh environments and consistently deliver data. It is developed with a circular interface and housing to rapidly and easily disconnect and connect power, signal, and optical circuits without the use of coupling tools such as torque wrenches. These are known to be highly reliable in the harsh environment as well, due to which they are highly demanded in the market.
SPACE GRADE CONNECTOR MARKET BY APPLICATIONS
The Space Grade Connector on the basis of application is consisting of
- PCB connection
- Panel mount
- Basic cable assembly
- Heavy-duty cable assembly
- Test equipment
Panel Satellites are considered to be the major application for the space grade connector market, since space grade connectors used in the panel mount are associated with many of the benefits, which include they are efficient in the areas with high levels of moisture, also these connectors meet low smoke, toxicity, and flammability. Moreover, PCBs also hold an important share in the market, as its use has been increased in the space industry, owing to various advancements made in these circuit boards, due to which they are smaller and complex, due to which they can be widely installed in the in spacecraft, satellites, drones, etc. and has raised the demand for space grade connectors.
SPACE GRADE CONNECTOR MARKET BY END-USER
The Space Grade Connector on the basis of end-user is consisting of
- Satellite
- Space Station and Deep Space Robots
- Spacecraft
- Carrier Rocket
- Ground Support Equipment
- Others
Satellites are known to be the major end-user for the space grade connector market, these are widely used in the satellites owing to their certain properties which make them able to handle extreme temperatures (both hot and cold), shock and vibration, which help the satellites to perform their operations in an efficient manner. Apart from that, these are highly used in the Ground Support Equipment as well, since such equipment is used to hold the aircraft between flights, and as the aviation industry is growing at a rapid pace, the demand for space grade connector is growing rapidly.
SPACE GRADE CONNECTOR MARKET BY GEOGRAPHY
The Global Space Grade Connector Market is studied for the following region-
- North America
- Europe
- Asia-Pacific
- Rest of the world (RoW)
For the space grade connector market, the North America region has played a dominant role in the global space grade connector market owing to the various factors which mainly includes presence of a great number of companies in this region which are actively working in the field of space exploration and investing a great amount in the research of this field. Moreover, the region is known for well-known space agency like NASA which is one of the most recognized space agencies across the globe. U.S. is the leading country in this region for space grade connector, around half of the operating satellites in the earth orbit also belongs to the U.S. only and the country is continuously focusing upon launching the new satellites.
COVID-19 IMPACT ANALYSIS ON GLOBAL SPACE GRADE CONNECTOR MARKET
Axiom MRC provides a 360-degree analysis of micro and macro-economic factors in the global Space Grade Connector Market. In addition, a complete analysis of changes in the global Space Grade Connector market expenditure, and economic and international policies on the supply and demand side. The report also studies the impact of a pandemic on global economies, international trade, business investments, GDP, and marketing strategies of key players present in the market. COVID-19 pandemic seems to be a public emergency after World War 2. COVID-19 impacted many industries around the world. During the COVID crisis, a lot of new trends were observed, and data traffic surged during this period and increased the use of broadband services, as dependency on IoT devices and connected devices increased throughout 2020. Also, in developing countries like India, Canada, etc. digital penetration increased at a rapid pace which enhanced the internet consumption, which is driving the market for space grade connector. On another side, this pandemic has made moderately negative impact on the space industry, since many of the astronomy conferences were forced to cancel in-person meetings and moved online, also the first launch of the Space Launch System moon mega rocket was delayed, and various other countries also delayed their space programmes, due to which the market share for the space grade connector reduced. However, it is expected that as the several restriction has been lifted up, it is expected that, space technologies would be given more focus, which is expected to raise the market share of the space grade connector market.
COMPETITIVE LANDSCAPE ANALYSIS
The competitive landscape analysis of the space grade connector market is majorly focused on expanding the global growth of space grade connector. The market is comprised of different industrial players that operate in space grade connector market. The players that are included give insight into different aspects of space grade connector.
The key players studied in the market are
- Airborn Inc. (United States)
- Amphenol Aerospace (United States)
- Carlisle Interconnect Technologies (United States)
- Glenair Inc. (United States)
- Harwin Inc.(Africa)
- IEH Corporation (United States)
- ITT Inc.(United States)
- Milnec Interconnect Systems (United States)
- Omnetics Connector Corp. (United States)
- Positronic (United States)
- Radiall (France)
- Smiths Interconnect (United Kingdom)
- Souriau (France)
- TE Connectivity (Switzerland)
RECENT DEVELOPMENT:
May 2022: Smiths Interconnect announced the availability of highly reliable Hypertac hyperbolic junctions in a new catalog of their HYPER series. Hypertac hyperbolic contacts are known worldwide for providing reliable and robust connections in applications running in complex environments where reliability and security are critical. The HYPER series catalog offers 51 hyperbolic contacts with 14 pin sizes up to 6.12 mm for signal contacts, different connection types (compression, welding cup, straight ends, open and closed) and currents up to 0.4 mm for coating
January 2022: TE Connectivity (TE), a specialist in connectivity and sensors, connects DBAS 9 connectors to switch groups. Specially designed to provide additional configuration options, DBAS 9 connectors offer additional design flexibility in harsh environments for military and aerospace applications. These push-pull connectors are based on technology that combines the flexibility of standard D38999 inserts to prove the high reliability of DBAS 7 connectors. DBAS 9 connectors also offer a cost-effective solution with AS39029 signal and power contacts.
October 2021: Smiths Interconnect announced the launch of the new NXS series of high-density interconnects designed and tested specifically for critical spaceflight applications. The space satellites are moving to new digital transparent processor architectures for high-speed RF-based payloads that provide low-speed communication signals. This architecture increases the demand for reliable and fast connections. NXS ensures signal integrity and high shock resistance with interconnected rear panels that allow scalable satellite models with more or less modular digital processors as needed.
