Space Power Supply Market: Global Industry Analysis and Forecast 2021-2026

This strategic assessment report provides a comprehensive analysis that reflects today’s Space Power Supply Market realities and future possibilities for the forecast period of 2021 to 2026.

Stratview Research announces the launch of a new research report on the Space Power Supply Market is Segmented by Product Type (Solar Panels & Arrays, Batteries {Primary Batteries, Secondary Batteries, and Reserve Batteries}, Power Modules, Thermoelectric Generators, and Others), by Application Type (Launch Vehicles {Small & Medium-Lift and Heavy & Super-Heavy Lift}, Satellites {LEO, MEO, and GEO}, and Space Exploration {Rovers and Others}), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).

The report calculates the short- and long-term ramifications of the COVID-19 pandemic on Space Power Supply consumption at the global, regional, and nation scales. The report also compares pre-COVID and post-COVID scenarios to evaluate the potential loss to the industry. The vital data provided in the report can play a crucial role for market participants as well as investors in formulating short-term as well as long-term growth strategies.

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Report Features

The report delivers a detailed view of the industry based on global Space Power Supply Market size, market growth, and opportunities. The report also analyses market key aspects such as-

Market structure: Overview, industry life cycle analysis, supply chain analysis
Covid-19 Impact analysis.
Market environment analysis: Growth drivers and constraints, and SWOT analysis.
Market trend and forecast analysis
Market segment trend and forecast
Competitive landscape and dynamics: Market share, product launches, etc.
Attractive market segments and associated growth opportunities
Emerging trends
Strategic growth opportunities for the existing and new players
Highlights from the Report

The power supply system covers all aspects: generation, storage, conditioning, distribution, and conversion for space applications. Space missions can last from few minutes to decades; therefore, finding the optimum primary and secondary sources with an architecture that will make the best use remains paramount.

The space industry including space power supply is highly regulated where all parts require a rigorous quality check and legal documentation before their use in a spacecraft. Furthermore, the industry’s demand for power supply products is largely impacted by new technological advancements, satellite launches, regulations (EWR 127-1, MIL-STD), etc. Major players have been hammering hard for the advancements in the existing products for meeting the changing market requirements.

SpaceX, Blue Origin, OneWeb, and Virgin Galactic are the key investment recipients in 2019, collectively embraced about US$ 3.9 billion, translating into 68% of the total investments. Despite the lingering COVID-19 pandemic, the space industry witnessed robust growth in the year 2020, making it a record year for the industry. The global space power supply market logged an impressive growth of more than 100% (year-over-year) to reach US$ 2.8 billion in 2020.

Regional Analysis:

In terms of regions, North America is likely to maintain its huge dominance in the market in the foreseen future. The USA held a huge dominance, alone capturing more than two-thirds share of the total market. The region is likely to offer the highest growth opportunities during the forecast period as well with increasing investments of start-ups and aggressive launch activities by SpaceX.

Go Through the Full Scope of the Report Here: https://www.stratviewresearch.com/toc/1705/space-power-supply-market.html

According to the report, the key players of the market are –

Airborne,
Airbus SE,
AZUR SPACE Solar Power GmbH,
DHV Technology,
EaglePicher Technologies,
GS Yuasa Corporation,
Northrup Grumman Corporation,
Saft Groupe S.A.,
Sierra Nevada Corporation,
SolAero Technologies, Inc.,
Teledyne Technologies Incorporated.

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This release was published on openPR.