Space Power Electronics Market, Opportunity, Growth Drivers, Industry Trend Analysis and Forecast, 2024-2032

Description

The Global Space Power Electronics Market was worth USD 297.4 million in 2023 and will grow at a 17% CAGR from 2024 to 2032, spurred by advancements in electronics technology coupled with the growing deployment of satellites. As satellite applications for communication, navigation, and earth observation continue to rise, the demand for efficient, lightweight, and durable power solutions grows significantly. Technological innovations in power electronics enhance their ability to withstand harsh space conditions while optimizing energy efficiency. This evolution in technology, along with the increasing number of satellite launches, is fueling market growth and meeting the evolving needs of the space sector.

The space power electronics industry is fragmented based on platform type, current, voltage, device type, application, and region.

The power discrete segment garnered a 40% share in 2023 due to its critical role in managing high-power and high-voltage requirements for space applications. Power discrete components, such as diodes, transistors, and thyristors, are essential for ensuring the reliable performance of satellite systems, spacecraft, and other space missions. These devices provide efficient power conversion, regulation, and distribution in challenging space environments. Their robust design and high efficiency make them ideal for handling the demanding electrical loads in space systems, driving their dominance in the market.

The high voltage segment will achieve 19% CAGR through 2032, owing to its essential role in powering critical space systems and equipment. High voltage components play a vital role in ensuring efficient power distribution for satellites, spacecraft, and various space-based platforms. These systems often require robust voltage handling capabilities to operate high-power propulsion, communication, and energy storage systems. The increasing deployment of large-scale satellite constellations and deep-space exploration missions further drive the demand for high voltage solutions, ensuring reliable performance in challenging space environments.

North America space power electronics market captured 34% share in 2023, driven by significant investments in space exploration and satellite development. The presence of major space agencies like NASA, along with private space companies such as SpaceX and Blue Origin, fosters innovation in power electronics technologies. Additionally, the region's strong defense sector further supports advancements in space-based applications. The increasing number of satellite launches and deep-space missions positions North America as a key contributor to the space power electronics industry.

Product Code: 10636

Chapter 1 Scope and Methodology

1.1 Market scope and definition
1.2 Base estimates and calculations
1.3 Forecast parameters
1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
  - 1.4.2.1 Paid sources
  - 1.4.2.2 Public sources

Chapter 2 Executive Summary

2.1 Industry 360° synopsis, 2021 - 2032

Chapter 3 Industry Insights

3.1 Industry ecosystem analysis
3.2 Vendor matrix
3.3 Technology and innovation landscape
3.4 Patent analysis
3.5 Key news and initiatives
3.6 Regulatory landscape
3.7 Impact forces
3.8 Growth drivers
- 3.8.1 Advancements in satellite technology
- 3.8.2 Increasing space exploration missions
- 3.8.3 Rising demand for commercial satellites
- 3.8.4 Government investment and support
- 3.8.5 Emergence of new space economy
3.9 Industry pitfalls and challenges
- 3.9.1 High development and manufacturing costs
- 3.9.2 Space environment challenges
3.10 Growth potential analysis
3.11 Porter's analysis
- 3.11.1 Supplier power
- 3.11.2 Buyer power
- 3.11.3 Threat of new entrants
- 3.11.4 Threat of substitutes
- 3.11.5 Industry rivalry
3.12 PESTEL analysis

Chapter 4 Competitive Landscape, 2023

4.1 Company market share analysis
4.2 Competitive positioning matrix
4.3 Strategic outlook matrix

Chapter 5 Market Estimates and Forecast, By Device Type, 2021 - 2032 (USD Million)

5.1 Key trends
5.2 Power discrete
5.3 Power module
5.4 Power IC

Chapter 6 Market Estimates and Forecast, By Platform Type, 2021 - 2032 (USD Million)

6.1 Key trends
6.2 Power
6.3 Command and data handling
6.4 ADCS
6.5 Propulsion
6.6 TT&C
6.7 Structure
6.8 Thermal system

Chapter 7 Market Estimates and Forecast, By Voltage, 2021 - 2032 (USD Million)

7.1 Key trends
7.2 Low voltage
7.3 Medium voltage
7.4 High voltage

Chapter 8 Market Estimates and Forecast, By Current, 2021 - 2032 (USD Million)

8.1 Key trends
8.2 Up to 25A
8.3 25-50A
8.4 Over 50A

Chapter 9 Market Estimates and Forecast, By Application, 2021 - 2032 (USD Million)

9.1 Key trends
9.2 Satellite
9.3 Spacecraft and launch vehicle
9.4 Rovers
9.5 Space stations

Chapter 10 Market Estimates and Forecast, By Region, 2021 - 2032 (USD Million)

10.1 Key trends
10.2 North America
- 10.2.1 U.S.
- 10.2.2 Canada
10.3 Europe
- 10.3.1 UK
- 10.3.2 Germany
- 10.3.3 France
- 10.3.4 Italy
- 10.3.5 Spain
- 10.3.6 Rest of Europe
10.4 Asia Pacific
- 10.4.1 China
- 10.4.2 India
- 10.4.3 Japan
- 10.4.4 South Korea
- 10.4.5 ANZ
- 10.4.6 Rest of Asia Pacific
10.5 Latin America
- 10.5.1 Brazil
- 10.5.2 Mexico
- 10.5.3 Rest of Latin America
10.6 MEA
- 10.6.1 UAE
- 10.6.2 Saudi Arabia
- 10.6.3 South Africa
- 10.6.4 Rest of MEA

Chapter 11 Company Profiles

11.1 Airbus SE
11.2 AlphaCore Inc.
11.3 Analog Devices, Inc.
11.4 API Technologies Corp.
11.5 BAE Systems plc
11.6 Cobham Limited
11.7 Crane Co.
11.8 EPC Space LLC
11.9 GaN Systems Inc.
11.10 GomSpace Group AB
11.11 HEICO Corporation
11.12 Infineon Technologies AG
11.13 Microchip Technology Inc.
11.14 NXP Semiconductors N.V.
11.15 Onsemi
11.16 Renesas Electronics Corporation
11.17 RUAG Group
11.18 Solid State Devices, Inc.
11.19 STMicroelectronics N.V.
11.20 Terma Group
11.21 Texas Instruments Incorporated
11.22 TT Electronics plc
11.23 Vicor Corporation
11.24 Vishay Intertechnology, Inc.
11.25 Wolfspeed, Inc.