Press release
Space DC-DC Converters Market Size, Share, Trends, Market Growth and Business Strategies 2025-2032
Space DC-DC Converters are specialized power conversion devices used in space applications to convert direct current (DC) from one voltage level to another. These converters are designed to meet the unique requirements of space environments, including extreme temperatures, radiation exposure, and high-reliability demands. The global Space DC-DC Converters market has witnessed rapid growth in recent years, driven by increasing environmental concerns, government incentives, and advancements in technology.
The Space DC-DC Converters market presents opportunities for various stakeholders, including remote sensing and surveillance. Collaboration between the private sector and governments can accelerate the development of supportive policies, research and development efforts, and investment in the Space DC-DC Converters market. Additionally, the growing consumer demand presents avenues for market expansion.
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➣ Market Growth
The global Space DC-DC Converters market was valued at US$ 42 million in 2023 and is projected to reach US$ 95 million by 2030, at a CAGR of 12 % during the forecast period.
➣ Recent Developments
January 2024, Crane Aerospace & Electronics announced the introduction of Interpoint xMOR 120W power conversion family, consisting of four DC-DC converters this is specifically designed for the aerospace and defense market.
May, 2023, Delta-Q Technologies announced the launched of a unique 3-in-1 mid-power charger, the XV3300, which includes a 3.3kW battery charger, a 500W DC-DC converter for auxiliary loads, and an EV charging station interface.
2023, Using its next-generation, isolated, fixed-frequency synchronous rectifier technology, SynQor has unveiled the MCOTS-C-28V-12-HY and MCOTS-C-28V-28-HY, two small, high-efficiency, high-power DC-DC converters.
March, 2021, Modular Devices, Inc. announced the launch of model 3693 series of DC-DC power converter for CubeSats and micro-miniature orbiting platforms.
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FAQs -
Q. What are Space DC-DC Converters used for?
A. Space DC-DC converters are used to regulate and convert DC power from one voltage level to another in space applications. They ensure stable power for spacecraft subsystems, such as sensors, communication systems, and scientific instruments. These converters are essential for efficient power management in satellites, space exploration vehicles, and other space-based technologies operating in harsh environmental conditions.
Q. What are the primary drivers of the DC-DC converters market growth?
A. The primary drivers of the DC-DC converters market growth include the increasing demand for efficient power management in industries like automotive, telecommunications, and aerospace. Advancements in renewable energy technologies, the rise of electric vehicles, and the expansion of data centers also contribute to market expansion. Additionally, the growing adoption of portable electronics and the need for high-efficiency power conversion in various applications drive market demand.
Q. What are the key challenges facing the DC-DC converters market?
A. Key challenges in the DC-DC converters market include managing design complexity, ensuring effective thermal management, maintaining radiation resistance for specialized applications (e.g., space), achieving cost-effective miniaturization, and ensuring seamless integration with various systems. These factors complicate the development and deployment of efficient, reliable, and affordable converters across industries.
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