Production of high- performance and low-cost new devices to be used in space applications is strongly required due to the remarkable development of innovative technologies in the last few years. Guided-wave optoelectronics technologies, including integrated optics, acousto-optics and electro-optics can provide some significant benefits to the space applications. In particular, they can overcome the intrinsic limits of the conventional technologies improving also the cost/performance figures, and enabling new services. Earth observation, telecommunications, radar surveillance and navigation control are the main space areas where guided-wave devices can contribute significantly. In this paper, after some general considerations on the potential of optoelectronics for space, on the use of acousto-optic guided-wave devices, a brief description of the acousto-optic interaction is given. Some functional devices reported in literature having significant potential impact in space applications are described with the aim of highlighting the main features of the acousto-optic technology. The performance limits of guided-wave devices for space applications are also shortly discussed.