Space Power Electronics Market Analysis By Industry Size, Share, Revenue Growth and Demand Forecast To 2031

Space power electronics market is expected to grow significantly at a CAGR of 16.5% throughout the forecast period (2024-2031). This growth forecast is attributed to the rise in complexities & advancements in space missions. This involves large or mega constellation missions, deep space exploration missions, and interplanetary propulsion missions, which necessitate the use of power electronics to sustain it & deliver efficient performance under extreme environments.

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Further, these complexities are paired with growing emphasis by public and private organizations for optimizing spacecrafts which include developments such as miniaturization of components, and efficient performance-driven electronic components. The increasing complexities in space projects and technological advancements in power management and components are driving the rapid development and expansion of the space power electronics market.

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Recent Development

In February 2024, EPC Space introduced the EPC7011L7SH, a 50 V, 6 A radiation-hardened GaN Power Stage IC for space applications, in February 2024. The compact, all-in-one integrated device integrates the driver, eGaN FETs, and the main power components within a single chip, making it capable of high-speed switching over 2 MHz. The solution simplifies the design, reduces PCB space, and improves efficiency in space electronics.

Market Coverage

The market number available for - 2023-2031
Base year- 2023
Forecast period- 2024-2031
Segment Covered-

o By Device Type

o By Application

o By Voltage

Regions Covered-
o North America

o Europe

o Asia-Pacific

o Rest of the World

Competitive Landscape- Infineon Technologies AG, Semiconductor Components Industries, LLC, Renesas Electronics Corp., STMicroelectronics NV, and Texas Instruments Inc., among others.

Key questions addressed by the report.

What is the market growth rate?
Which segment and region dominate the market in the base year?
Which segment and region will project the fastest growth in the market?
Who is the leader in the market?
How are players addressing challenges to sustain growth?
Where is the investment opportunity?

Global Space Power Electronics Market Report Segment

By Device Type

Power Discrete
Power Module
Power IC

By Application

Satellite
Spacecraft & Launch Vehicle
Rovers
Space Stations

By Voltage

Low Voltage
Medium Voltage
High Voltage

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