Press release
Space Battery Market Size Forecasted To Achieve $5.24 Billion By 2029 With Steady Growth
Space Battery Market Size
What Is the Space Battery Market Size and Projected Growth Rate?
The space battery market size will grow from $3.71 billion in 2024 to $3.99 billion in 2025 at a compound annual growth rate (CAGR) of 7.4%. The market expansion is due to NASA's research and development, rising military spending, demand for customized products, increased space battery usage, and growing space science applications.
The space battery market is expected to grow to $5.25 billion by 2029, at a CAGR of 7.1%. This growth is driven by increasing space exploration, evolving mission regulations, rising satellite launches, a focus on sustainable battery technologies, and advanced thermal management. Trends include battery technology advancements, government and private investments, miniaturization, improved battery management, and thermal management focus.
Purchase the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=19713
What Are the Major Segments in the Space Battery Market?
The space batterymarket covered in this report is segmented -
1) By Type: Nickel-Based Battery, Lithium-Based Battery, Silver-Zinc Battery, Other Type
2) By Platform: Communication, Earth Observation, Military Surveillance, Science, Navigation, Other Platforms
3) By Energy Type: Less Than 100 Wh/kg, 100-150 Wh/kg, More Than 150 Wh/kg
4) By Orbit Type: Low Earth Orbit (LEO), Medium Earth Orbit (MEO), Geosynchronous Orbit (GEO), Other Orbit Types
5) By Application: Satellite, Launch Vehicle, Other Applications
Subsegments:
1) Nickel-Based Battery: Nickel-Cadmium Battery, Nickel-Metal Hydride Battery
2) Lithium-Based Battery: Lithium-Ion Battery, Lithium-Polymer Battery
3) Silver-Zinc Battery: Primary Silver-Zinc Battery, Rechargeable Silver-Zinc Battery
4) Other Type: Lead-Acid Battery, Solid-State Battery, Flow Battery
Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=19713&type=smp
What Are The Driving Space Battery Market Evolution?
The increasing demand for space exploration is expected to drive the growth of the space battery market. This rise is driven by advancements in technology, more investments in space missions, and the broader scope of space activities. Space batteries are essential for powering spacecraft systems, especially when solar power is unavailable. For instance, in April 2024, the World Economic Forum projected that the global space economy would grow to $1.8 trillion by 2035, an increase from $630 billion in 2023. Therefore, the expanding interest in space exploration is boosting the space battery market.
Which Firms Dominate The Space Battery Market Segments?
Major companies operating in the space battery market are Lockheed Martin Corporation, Airbus SE, Northrop Grumman Corporation, Mitsubishi Electric Corporation, NEC Corporation, Teledyne Technologies Incorporated, GS Yuasa International Ltd., Enersys, Moog Inc., Aerojet Rocketdyne Holdings, Inc., Blue Origin LLC, Saft Groupe S.A., Eagle-Picher Technologies LLC, HBL Power Systems Limited, Arotech Corporation, Lyten Inc., Space Vector Corporation, Nanoavionics Ltd., AAC Clyde Space AB, E-One Moli Energy Corp., Epsilor Electric Fuel Ltd., Berlin Space Technologies GmbH
What Are the Latest Developing Trends in the Space Battery Market?
Companies in the space battery market are forming strategic partnerships to enhance their technological capabilities and provide reliable power sources for space missions. In February 2022, the Japan Aerospace Exploration Agency (JAXA) partnered with Hitachi Zosen Corporation to launch the Space AS-LiB, an all-solid-state lithium-ion battery for on-orbit experiments. This partnership aims to improve battery technology that can withstand extreme temperatures and space conditions while reducing equipment size and power usage.
Get the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/report/space-battery-global-market-report
Which Is The Largest Region In The Space Battery Market?
North America was the largest region in the space battery market in 2024. The regions covered in the space battery market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Space Battery Market?
2. What is the CAGR expected in the Space Battery Market?
3. What Are the Key Innovations Transforming the Space Battery Industry?
4. Which Region Is Leading the Space Battery Market?
Why This Report Matters:
Competitive overview: This report analyzes the competitive landscape of the 3D imaging software market, evaluating key players on market share, revenue, and growth factors.
Informed Decisions: Understand key strategies related to products, segmentation, and industry trends.
Efficient Research: Quickly identify market growth, leading players, and major segments.
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Space Battery Market Size Forecasted To Achieve $5.24 Billion By 2029 With Steady Growth here
News-ID: 4050371 • Views: …
More Releases from The Business Research Company
Global Soil Amendments Market Expansion at 10.5% CAGR, Valued at $7.57 Billion b …
Use ONLINE30 for 30% savings on global market reports and stay on top of tariff updates, market trends, and economic shifts worldwide.
What Are the Soil Amendments Market Size Forecast for 2025?
The market size for soil amendments has experienced robust growth in the last few years. It's projected to expand from $4.65 billion in 2024 to $5.09 billion in 2025, with a compound annual growth rate (CAGR) of 9.4%. The growth…
Liquid Crystal Polymers Industry to See Robust Expansion, Valued at $2.85 Billio …
Get 30% off global market reports with code ONLINE30 and keep ahead of tariffs, macro trends, and worldwide economic developments.
What Is the Projected CAGR for the Liquid Crystal Polymers Market from 2024 to 2025?
The market size for liquid crystal polymers has seen significant growth recently. The expansion is projected from $1.88 billion in 2024 to about $2 billion in 2025, recording a compound annual growth rate (CAGR) of 6.4%. The…
Liquid Feed Market Poised to Hit $4.62 Billion by 2029 with Accelerating Growth …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Liquid Feed Market Size Growth Forecast: What to Expect by 2025?
In recent times, the market size for liquid feed has seen consistent growth. An increase from $3.99 billion in 2024 to $4.11 billion in 2025 is projected, with a compound annual growth rate (CAGR) of 2.9%. This growth…
Future of the Industrial Starch Market: Strategic Analysis and Forecast to 2034
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Industrial Starch Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The steady increase in the size of the industrial starch market in recent years has been significant. It's projected to expand from a value of $98.43 billion in 2024 to $105.73 billion in 2025, exhibiting…
More Releases for Battery
Thin Film Micro Battery Market, By Rechargeability (Primary Battery, Secondary B …
The thin film micro battery market is expected to witness market growth at a rate of 30.9% in the forecast period of 2022 to 2029. Data Bridge Market Research report on thin film micro battery market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market's growth. The rise in the demand for the Internet of Things (IoT)…
Deep Cycle Gel Battery Market 2022 Analysis by Top Leading Players | Trojan Batt …
The Deep Cycle Gel Battery Market report offers qualitative and quantitative insights as well as a thorough examination of the market size and expansion rate of all potential market segments. The report has been put together using primary and secondary research methodologies, which offer an exact and detailed understanding of the Deep Cycle Gel Battery market. The Deep Cycle Gel Battery Market is projected to succeed at a CAGR of…
Global Power Energy Storage Battery Market 2019 - Lithium Ion Battery,All-vanadi …
Power Energy Storage Battery Market
The Global Power Energy Storage Battery Market 2019 Research Report incorporates a total and careful investigation of Power Energy Storage Battery industry covering diverse perspectives like market volume, piece of the overall industry, advertise techniques, Power Energy Storage Battery development patterns, assortment of uses, use volume, request and supply examination, creation limit and Power Energy Storage Battery industry cost structures amid Forecast period from…
Space Battery Market analysis report- with Leading players, Types Nickel-based B …
Space Battery Market
The Space Battery Market is defined by the presence of some of the leading competitors operating in the market, including the well-established players and new entrants, and the suppliers, vendors, and distributors. The report also analyzes the development proposals and the feasibility of new investments. The Space Battery Market report has been collated in order to provide guidance and direction to the companies and individuals interested in buying this…
Global EV Battery Recycling Market : Nickel–Cadmium Battery, Nickel–Metal Hy …
The EV Battery Recycling Market Research Report consists of all the essential information in regards to the global market. This report presents an in-depth analysis of various industry factors, such as the market trends, dynamics, production, estimates, industry development drivers, size, share, investigation, supply, forecast trends, sales, industry demand, as well as several other factors.
The Global EV Battery Recycling Market report has been generated leveraging a target amalgamation…
Global Lead Acid UPS Battery Market 2017 : Sebang Global Battery, CSB Battery, H …
Global Lead Acid UPS Battery Market 2016-2017
A market study based on the " Lead Acid UPS Battery Market " across the globe, recently added to the repository of Market Research, is titled ‘Global Lead Acid UPS Battery Market 2017’. The research report analyses the historical as well as present performance of the worldwide Lead Acid UPS Battery industry, and makes predictions on the future status of Lead Acid UPS Battery…
