Spacecraft Solar Cells Industry Research: the global market size is projected to grow to USD 3.1 billion by 2031

QY Research Inc. (Global Market Report Research Publisher) announces the release of 2025 latest report "Spacecraft Solar Cells- Global Market Share and Ranking, Overall Sales and Demand Forecast 2025-2031". Based on current situation and impact historical analysis (2020-2024) and forecast calculations (2025-2031), this report provides a comprehensive analysis of the global Wire Drawing Dies market, including market size, share, demand, industry development status, and forecasts for the next few years.

The global market for Spacecraft Solar Cells was estimated to be worth US$ 1413 million in 2024 and is forecast to a readjusted size of US$ 3124 million by 2031 with a CAGR of 12.0% during the forecast period 2025-2031.

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According to the latest research report from QYResearch,in terms of market size, the global Spacecraft Solar Cells market size is projected to grow from USD 1.4 billion in 2024 to USD 3.1 billion by 2031, at a CAGR of 12% during the forecast period.

2 Introduction of Major Manufacturers of Spacecraft Solar Cells

Serial Number

Company

1

Boeing(Spectrolab)

2

AZUR SPACE Solar Power GmbH

3

CESI SpA

4

Rocket Lab(SolAero Technologies)

5

Sharp Corporation

6

Airbus

7

Lockheed Martin

8

Emcore

9

Northrop Grumman

10

Mitsubishi Electric

11

CETC Solar Energy Holdings

12

O.C.E Technology

Source: QYResearch, "Spacecraft Solar Cells - Global Market Share and Ranking, Overall Sales and Demand Forecast 2025-2031"

According to a survey by QYResearch's Leading Enterprise Research Center, global Spacecraft Solar Cells manufacturers include Boeing (Spectrolab), AZUR SPACE Solar Power GmbH, CESI SpA, Rocket Lab (SolAero Technologies), Sharp Corporation, etc. In 2024, the top five global manufacturers will hold approximately 35% of the market share.

Introduction to Key Companies

Company 1
Spacecraft Solar Cells

Spectrolab

Description

Company Introduction

Spectrolab is a leading global manufacturer of high-performance solar cells and panels. Since its founding, it has been a long-standing subsidiary of aerospace giant Boeing and a key component of its Defense, Space & Security division. As a pioneer and authority in the field of aerospace photovoltaics, Spectrolab, with its extensive technical expertise and exceptional reliability, has provided core power for numerous satellites, deep space probes, and critical spacecraft, including the International Space Station. Its products, renowned for their exceptionally high photoelectric conversion efficiency and exceptional radiation resistance in the harsh space environment, have set industry benchmarks and are a key force in driving the advancement of global space technology.

Product Introduction

Spectrolab's solar cell product line, developed specifically for aerospace applications, is renowned for its ultra-efficient multi-junction gallium arsenide technology. These products can efficiently convert over 30% of sunlight into electricity, and they offer advanced cells with conversion efficiencies exceeding 34% for the most demanding deep space exploration missions. These solar cells have been specially designed and rigorously tested to have strong resistance to radiation damage and can effectively withstand performance degradation caused by high-energy particle bombardment in space. At the same time, they are lightweight and strong, providing long-lasting and stable on-orbit energy for various low-Earth orbit and geosynchronous orbit satellites, as well as probes flying to the moon, Mars and even more distant planets. They are the key to ensuring the long-term reliable operation of spacecraft.

Source: QYResearch, "Spacecraft Solar Cells - Global Market Share and Ranking, Overall Sales and Demand Forecast 2025-2031"

Company 2
Spacecraft Solar Cells

AZUR SPACE Solar Power GmbH

Description

Company Introduction

AZUR SPACE Solar Power GmbH, headquartered in Germany, is a leading European manufacturer of space solar cells. For decades, the company has specialized in the research, development, and production of high-performance III-V multi-junction solar cells. As a technological pioneer and reliable partner in this field, the company has been deeply involved in numerous landmark European space projects. Its innovative technical solutions and quality management system, which adheres to stringent aerospace standards, have earned the trust of the European Space Agency (ESA) and major global aerospace companies, making it a key force in the advancement of space solar technology.

Product Introduction

AZUR SPACE's core product is gallium arsenide-based multi-junction solar cells, renowned for their high conversion efficiency, excellent radiation resistance, and stability in extreme temperature environments. Designed to withstand the harsh space environment, these solar cells provide long-lasting and reliable power for a wide range of missions, from low-Earth orbit satellites to deep space probes. These solar cells are widely used in Europe's Galileo navigation satellites and scientific exploration missions to other planets, ensuring the energy supply of spacecraft throughout their in-orbit lifecycle.

Source: QYResearch, "Spacecraft Solar Cells - Global Market Share and Ranking, Overall Sales and Demand Forecast 2025-2031"

Company 3
Spacecraft Solar Cells

CESI SpA

Description

Company Introduction

CESI SpA is a leading Italian technical consulting, R&D, testing, and certification organization, renowned in the energy and aerospace sectors. As a highly influential independent research entity in Europe, CESI leverages its state-of-the-art laboratory facilities and deep engineering expertise to provide a comprehensive range of technical services, from concept design and component verification to system evaluation, to a wide range of industries, including aerospace. Its authoritative testing and certification services are crucial to ensuring the reliability and safety of aerospace products, making it an indispensable key technical support partner within the European aerospace industry chain.

Source: QYResearch, "Spacecraft Solar Cells - Global Market Share and Ranking, Overall Sales and Demand Forecast 2025-2031"

3 Spacecraft Solar Cells Industry Chain Analysis

Industry Chain

Description

Upstream

The upstream supply chain involves the supply of core materials and basic components for spacecraft solar cells. This primarily involves the preparation of high-purity, ultra-clean semiconductor materials for the manufacture of high-efficiency solar cell chips. This includes the specialized gases, chemical reagents, and precision masks required during the production process, as well as raw materials such as cover glass and high-performance adhesives for subsequent module packaging.

Midstream

The midstream supply chain encompasses the manufacturing, packaging, and integration of spacecraft solar cells, a core area of ​​technological transformation. Midstream companies transform upstream semiconductor wafers into highly efficient solar cell cells through a series of extremely precise micro-nanofabrication processes, including epitaxial growth, photolithography, etching, and deposition. These cells are then interconnected, laminated, and packaged to form solar panels capable of withstanding the harsh environment of space. These panels are then integrated with drive and deployment mechanisms to create a complete solar cell array system.

Downstream

The downstream supply chain encompasses the final application and system integration of spacecraft solar cell arrays, primarily serving the design and manufacturing organizations of various spacecraft. These solar cell arrays serve as the only main power source for spacecraft in orbit. They are directly installed and applied to various aerospace platforms such as artificial satellites, space stations, deep space probes, and manned spacecraft. They provide continuous and reliable power for all electronic equipment, propulsion systems, and scientific payloads during their in-orbit operation. They are key subsystems to ensure the success of space missions.

Source: QYResearch, "Spacecraft Solar Cells - Global Market Share and Ranking, Overall Sales and Demand Forecast 2025-2031"

4 Spacecraft Solar Cells Industry Development Trends, Opportunities, Obstacles and Industry Barriers
Development Trends:

1. Accelerated Technological Iteration. Perovskite solar cells are rapidly gaining popularity thanks to their lightweight and flexible advantages. Their photoelectric conversion efficiency has exceeded 26%, and their weight per watt is only 0.45 grams, 87% lower than traditional silicon-based products. They have become a mainstream choice in emerging fields such as wearable devices and near-space probes.

2. Improved Adaptability to Extreme Environments. The new cell maintains 95% of its initial efficiency during temperature cycling from -80°C to 230°C and operates for over 1,500 hours unpackaged, significantly reducing equipment maintenance costs for deep space exploration missions. Organic solar cells achieve radiation damage self-healing through thermal annealing, showing no degradation in performance after three years of proton radiation exposure, providing a reliable energy source for long-term interstellar missions.

3. Diversified Application Scenarios. The integration of flexible batteries with triboelectric nanogenerators enables IoT sensors to achieve additional energy conversion gains in vibrating environments. Lightweight energy systems have been applied to high-altitude drones, ocean monitoring buoys, and other fields, driving the expansion of spacecraft solar cells into dynamic energy capture.

Development Opportunities:

1. Exploding Commercial Space Market. The global deployment of low-orbit satellite constellations is driving annual demand growth. SpaceX's Starlink project has reduced the power generation cost per satellite by 40% compared to traditional designs. The small spacecraft market is booming, and the use of flexible perovskite cells in CubeSats has tripled their power generation per unit mass.

2. Policy dividends continue to be released. China has designated spacecraft energy systems as a strategic emerging industry, with local subsidies covering 30% of R&D costs. The European Union has invested €2 billion through the Horizon Europe program to support the development of space energy technologies and accelerate the development of solar cells for spacecraft.

3. Cross-border technological integration and innovation. AI visual inspection technology has increased the production yield of battery arrays to 99.9%, improving inspection efficiency. 3D printing technology enables the integrated manufacturing of substrates and conductive circuits, solving the power supply challenges of irregular-shaped three-dimensional spacecraft and shortening R&D cycles.

Hindering Factors:

1. Technical bottlenecks. The production of pentajunction gallium arsenide cells requires mastery of ultra-pure gallium and indium purification processes, and the yield rate of domestic companies is 15% lower than the international leading level. The stability of perovskite cells still needs improvement. Their lifespan in unpackaged form is less than one-third that of traditional cells, limiting their application in long-term missions. 2. High cost pressure. Space-grade triple-junction cells are priced high, requiring large-scale production to reduce costs before commercialization can be achieved.

3. Supply chain security risks. 70% of the global reserves of rare metals gallium and indium are concentrated in China, and geopolitical conflicts could lead to raw material supply shortages. The EU imports 80% of its satellite batteries, and supply chain disruptions caused significant delivery delays for 22% of German installers in 2024.

Barriers:

1. Complex technological barriers. Manufacturing spacecraft solar cells requires mastery of interdisciplinary expertise in semiconductor physics, space environment engineering, and precision manufacturing. Companies like AZUR SPACE have accumulated over 1,200 patents through 20 years of technological development, requiring new entrants to develop over 10 years of research and development to reach the same level.

2. Customer stickiness barriers. Aerospace customers who change suppliers must undergo retesting for space environment compatibility, a process that can take over two years. OEMs like Boeing and Airbus collaborate with their suppliers for over 15 years, forming a stable community of interests that makes it difficult for new companies to enter the market.

The report provides a detailed analysis of the market size, growth potential, and key trends for each segment. Through detailed analysis, industry players can identify profit opportunities, develop strategies for specific customer segments, and allocate resources effectively.

The Spacecraft Solar Cells market is segmented as below:
By Company
Boeing(Spectrolab)
AZUR SPACE Solar Power GmbH
CESI SpA
Rocket Lab(SolAero Technologies)
Sharp Corporation
Airbus
Lockheed Martin
Emcore
Northrop Grumman
Mitsubishi Electric
CETC Solar Energy Holdings
O.C.E Technology

Segment by Type
Triple Junction Solar Cell
Quadruple Junction Solar Cell
Five Junction Solar Cell
Silicon Solar Cell

Segment by Application
Large Spacecraft
Small Spacecraft

Each chapter of the report provides detailed information for readers to further understand the Spacecraft Solar Cells market:

Chapter 1: Introduces the report scope of the Spacecraft Solar Cells report, global total market size (valve, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry. (2020-2031)
Chapter 2: Detailed analysis of Spacecraft Solar Cells manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc. (2020-2025)
Chapter 3: Provides the analysis of various Spacecraft Solar Cells market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments. (2020-2031)
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.(2020-2031)
Chapter 5: Sales, revenue of Spacecraft Solar Cells in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world..(2020-2031)
Chapter 6: Sales, revenue of Spacecraft Solar Cells in country level. It provides sigmate data by Type, and by Application for each country/region.(2020-2031)
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc. (2020-2025)
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.

Benefits of purchasing QYResearch report:

Competitive Analysis: QYResearch provides in-depth Spacecraft Solar Cells competitive analysis, including information on key company profiles, new entrants, acquisitions, mergers, large market shear, opportunities, and challenges. These analyses provide clients with a comprehensive understanding of market conditions and competitive dynamics, enabling them to develop effective market strategies and maintain their competitive edge.

Industry Analysis: QYResearch provides Spacecraft Solar Cells comprehensive industry data and trend analysis, including raw material analysis, market application analysis, product type analysis, market demand analysis, market supply analysis, downstream market analysis, and supply chain analysis.

and trend analysis. These analyses help clients understand the direction of industry development and make informed business decisions.

Market Size: QYResearch provides Spacecraft Solar Cells market size analysis, including capacity, production, sales, production value, price, cost, and profit analysis. This data helps clients understand market size and development potential, and is an important reference for business development.

Other relevant reports of QYResearch:
Global Spacecraft Solar Cells Market Outlook, InDepth Analysis & Forecast to 2031
Global Spacecraft Solar Cells Market Research Report 2025
Global Spacecraft Solar Cells Sales Market Report, Competitive Analysis and Regional Opportunities 2025-2031

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