Space DC-DC Converter Market Set to Grow at the Fastest Rate- Time to Grow your Revenue

The space DC-DC converter market is projected to grow from USD 37 million in 2022 to USD 66 million by 2027, at a CAGR of 12.4% from 2022 to 2027. The market is driven by factors such as rise in miniaturization of space DC-DC converters, emergence of digital power management and control. among many others.

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Based on application, Electric power subsystems segment projected to lead the market during the forecast period.

An electric power subsystem is a network of electrical components deployed to transfer, supply, and use electrical power. The EPS consists of a battery, solar panels, distribution units, and power conditioning. There are two solar panels of size 0.81m x 0.72 m in the roll direction of the satellite. There are four DC/DC converters that provide the required secondary voltages for the payloads and bus subsystems.

Based on platform, satellites segment is estimated to dominate the market during the forecast period

Increasing launch of CubeSats for Earth observation and small satellites for communications is the major factor that is contributing to the satellite segment. With huge technological advancements in recent years, especially in the field of compact electronic devices and communication technologies, CubeSat applications have further expanded. CubeSats are now deployed in interplanetary or space exploration missions. The increasing launch of CubeSats for earth observation is also expected to drive the growth of the segment. For example, Planet Labs (US) developed a constellation of more than 150 CubeSats over the past five years (from 2013 to date) to provide daily imaging of the planet. Previously, Earth-imaging satellites that weighed over 2,100 kg and cost a substantial amount to manufacture were used for this purpose. According to Hindawi, the US launched a total of 42 CubeSats in 2018 for various applications such as communication, remote sensing, technology, science, technology development, and education. Companies such as Modular Devices Inc. (US) provide space DC-DC converters like the 3838 series for CubeSats. The player launched model series 3693, a DC-DC power converter for CubeSats and micro-miniature orbiting platforms, in March 2021.

Based on type, isolated segment is estimated to dominate the market during the forecast period

Isolated DC-DC converters provide isolation between the input and output sections of the device. A transformer is used for providing isolation; it provides isolation between the input and output sides to prevent the output side of the converter from harmful current surges. Isolated DC-DC converters are designed for high-power rugged scenarios where isolation between the supply line and subsystem is preferred for preventing any damage. In space applications, isolated DC-DC converters are used in many systems, such as electric power subsystems (EPS) and power distribution units (PDUs). Vicor Corporation (US), Crane Aerospace & Electronics (US), and Infineon Technologies (Germany) are the leading manufacturers of isolated DC-DC converters.

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North America accounted for the largest share of the space DC-DC converter market in 2022. The space DC-DC converter market in North America is driven by the increase in space programs and the launch of new satellites. Space DC-DC converters are power modules used in spacecraft and satellites to provide continuous power supply to space power management systems. Recent technological developments in satellite manufacturing through electric propulsion systems increased the demand for more efficient space DC-DC power products in the market. In the 2021 budget proposal, the US Department of Defense approved USD 23.3 billion for NASA, which is 3% higher than the budget of 2020. This increased budget will drive the demand for space equipment used in spacecraft and satellites that could boost the space DC-DC converter market growth. Most DC-DC converters in Europe are generally used for industrial applications, and the majority of countries depend on US-manufactured DC-DC power modules for space applications.

News also Covered: https://www.prnewswire.com/news-releases/space-dc-dc-converter-market-worth-66-million-by-2027---exclusive-report-by-marketsandmarkets-301744878.html

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