Global Space Power Supply Market Forecast, 2020-2030
The space power supply industry analysis projects the market to have a significant growth with a CAGR of 16.53% based on the values during the forecast period from 2020 to 2030. The North America region is expected to dominate the market with a share of 39% by 2030. The U.S. is expected to lead the market due to the heavy investments by companies to expand their businesses and develop new products in the country. The space power supply market is a well-established market with several companies developing and manufacturing components and products required for the market. Thus, the revenue generated is also expected to be high.
Scope of the Global Space Power Supply Market
With the increased capabilities and growing dependence on satellites for both civil and military uses, the need for reliable, safe, and powerful electrical supply has increased significantly over the decades. The industry is currently focusing on developing high-efficient, low weight power supply products that can be used for several years. The research study is based on extensive primary interviews (in-house industry players, market leaders, and experts) and secondary research (a host of paid and unpaid databases), along with analytical tools to predict the forecast analysis for the study period. With the help of these, the space power supply study provides a broader perspective of the industry.
The space power supply market research provides the market analysis examining the power supply market outlook in terms of the technological advancements, opportunities, drivers, trends, driving forces, and competitive benchmarking, among others. The report further takes into consideration the market and business dynamics, along with the product contribution of the key players operating in the market.
Global Space Power Supply Market Segmentation
The report consists of an extensive study of the space power supply industry and focuses on providing market information for the power supply technology covering various applications, products, and regions. The applications chapter includes various platforms such as launch vehicles, satellites, and space exploration missions. The applications are further classified into the type of two classes depending on their payload capabilities for launch vehicles, type of orbit for satellites, and rovers, telescopes, and space stations for space exploration. The products explained are solar cells, batteries (primary and rechargeable), power modules, thermoelectric generators, and others.
The space power supply market is segregated by region under four major regions, namely North America, Europe, Asia-Pacific, and the Rest-of-the-World. The demand analysis in these regions (by country) is provided.
Key Companies in the Global Space Power Supply Market
The key players in the global space power supply market include AAC Clyde Space (Sweden), Airborne (the Netherlands), Airbus S.A.S. (the Netherlands), AZUR SPACE Solar Power GmbH (Germany), DHV Technology (Spain), EaglePicher Technologies (the U.S.), EnduroSat (Bulgaria), GS Yuasa Lithium Power (the U.S.), Innovative Solutions in Space (the Netherlands), .), Northrop Grumman Corporation (the U.S.), Shanghai Institute of Solar Power-Sources (China), Sierra Nevada Corporation (the U.S.), Solaero Technologies (the U.S.), Spectrolab (the U.S.), Teledyne Technologies Incorporated (the U.S.), and other important players in the industry include CESI S.p.A. (Italy), INVAP (Argentina), Jinko Solar (China), Fralock Innovative Materials Manufacturing and Automation (the U.S.), G.A.U.S.S. Srl (Italy), Kongsberg (Norway), Mitsubishi Electric Corporation (Japan), RUAG Group (Switzerland), Saft (France), Thales Group (France).
Key Questions Answered in this Report:
- What are the different types of processes used to harden the components to materials that are used in the space power supply?
- What are the futuristic trends in this market, and how is the market expected to change over the years?
- What are the key drivers and challenges faced by the companies that are currently working in the space power supply market?
- How is the market expected to grow during the forecast period 2020-2030?
- What are the opportunities for the companies to expand their businesses in the space power supply market?
- Which region is expected to be leading the space power supply market by 2030?
- What are the key developmental strategies which are implemented by the key players to sustain in this highly competitive market?
- What is the current and future revenue scenario generated by this market going to be like?