Space Battery Market Top Key Players - GS Yuasa, Concorde Aircraft Batteries, Quallion, Aerospace Corporation, EnerSys, EaglePicher Technologies, TransDigm Group Incorporated

Space Battery Market makers need to find the right balance between the two. The bottom line is that space battery makers must not only make the most of their profits, but also maintain their value. Therefore, we want a battery that is not only as light as possible, but also has enough power.

Space Battery Market manufacturers have to go through tedious qualification and certification procedures as these batteries are error free. If they are damaged and must withstand harsh environmental conditions such as extreme fluctuations, temperature, solid vacuum, shock and radiation, there is no one to replace.

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SPACE BATTERY MARKET DYNAMICS

• The rapid growth of the satellite industry is a major companion to the sustainable demand for spacecraft batteries. SpaceX, which has a group of satellites, is striving to deploy dedicated satellites to build high-speed Internet equipment all over the world. The company plans to launch 4,425 satellites by 2024.

• With launches, it is expected to provide high-speed Internet equipment with reduced latency compared to existing broadband services. These developments have the potential to create high-growth opportunities for both existing companies and new manufacturers in the space battery market.

• Expected rising global government spending in space is further accelerating the growth of the space battery market. In addition, the space industry will enter a new investment cycle after several years of low growth. The increase in the government's space budget is mainly due to the increase in private space programs and the high interest in human space flight.

SPACE BATTERY MARKET SEGMENTATION

By Platform Type
• Satellite
• Launch Vehicle
• Others

By Function Type
• Primary Batteries
• Secondary Batteries
• Reserve Batteries

By Battery Type
• Nickel-based Battery
• Lithium-based Battery
• Silver-Zinc Battery
• Others

By Platform Mission Type
• Communication
• Earth Observation
• Military Surveillance
• Science
• Navigation
• Others

By Specific Energy Type
• < 100 Wh/kg
• 100-150 Wh/kg
• >150 Wh/kg

By Region
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• South America

FACTORS CONTRIBUTING THE GROWTH OF SPACE BATTERY MARKET

• More than 4,000 satellites will be launched with increased participation from private space companies such as .SpaceX, OneWeb Satellites and Sky and Space Global Ltd.

• The increase in the number of satellites launched into space is another important mate for market growth. Both primary and secondary lithium ions are poised to remain in the most popular batteries in their respective sectors.

• Lithium-based batteries are used in the space industry due to the rapid growth of the market by innovation towards the production of highly reliable, high performance and cost effective technology by reducing the SWaP of the battery. It seems to remain the most preferred choice.

• Increasing demand for monitoring and addressing the increasing importance of terrorist activity and surveillance systems in the Fourth Generation War. Another promising segment, navigation, is likely to grow the fastest in the market.

COMPETITIVE LANDSCAPE

The space battery market is fragmented while competing for multiple global and local players to be interested in a fairly competitive market space. Major companies include NASA, Orbital ATK, European Space Agency, Lockheed Martin, ISRO and SPACEX.

KEY PLAYERS
• GS Yuasa
• Concorde Aircraft Batteries
• Quallion
• Aerospace Corporation
• EnerSys
• EaglePicher Technologies
• TransDigm Group Incorporated

Read More Information: https://mobilityforesights.com/product/space-battery-market/

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