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Space semiconductor market to reach $4.8 billion by 2032, study finds

March 19, 2024

WILMINGTON, Del. The global market for semiconductors used in space missions and exploration, valued at $2.1 billion in 2022, is estimated to reach $4.8 billion by 2032, growing at a CAGR [combined annual growth rate] of 8.8% from 2023 to 2032, according to a new report from Allied Market Research, “Space Semiconductor Market."