Space Power Supply Market is Forecasted to Reach US$ 5 billion in 2026, Says Stratview Research

The global space power supply market is projected to reach US$ 5 billion by 2026, witnessing a market growth rate exceeding 100% from 2021 to 2026, according to an analysis by Stratview Research.

Stratview Research, a global market research firm, has launched a report on the global space power supply market which provides a comprehensive outlook of the global and regional industry forecast, current & emerging market trends, segment analysis, competitive landscape, & more.

Click here to get a free sample of the report:
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Market Statistics:
Market Size in 2026: US$ 5 billion
Growth (CAGR): Growth rate exceeding 100% during 2021-2026
Leading Application Type: Satellites
Leading Product Type: Power modules
Leading Region: North America
Forecast Period: 2021-2026
Trend Period: 2015-2019
Base Year: 2020
Number of Segments Covered: 3
Number of Tables & Graphs: 100+
Country-Level Market Assessment: 20

Segment Insights & Market Share Analysis of the Space Power Supply Market:

The global space power supply market is segmented based on application type, product type and region.

Based on Application Type
"More than 1,200 satellites were launched in 2020, of which more than 1,100 were small satellites"
Stratview Research has first segmented the space power supply market based on application types such as satellites, launch vehicles, and space exploration. Increasing investments in space start-ups are driving companies to launch several small satellites in LEO orbit. More than 1,200 satellites were launched in 2020, of which more than 1,100 were small satellites. SpaceX's constellation "Starlink" deployed hundreds of communication satellites, which led the market to register an extraordinary growth in the year 2020. Furthermore, there are thousands of more such satellites already in the pipeline, ensuring a bright future for the industry in the coming years.

Based on Product Type
"Power modules dominated the market with DC converter modules being one of the key components"
The space power supply market is segmented as solar panels & arrays, batteries, power modules, thermoelectric generators, and others based on the product type. Power modules dominated the market with DC converter modules being one of the key components. The battery segment is further classified into battery types as primary, secondary, and reserve batteries as well as into material type as nickel, lithium, silver-zinc, and others. Lithium-ion batteries are likely to remain the dominant and fastest-growing material type in the years to come.

To know the most attractive segments, click here for a free sample of the report:
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Which region shows the most promising growth forecast and opportunity?

The analysis suggests that North America is likely to maintain its huge dominance in the market in the foreseeable future. This growth outlook is mainly attributed to the following:
· In terms of regions, North America is likely to maintain its huge dominance in the market in the foreseeable future. The USA held a huge dominance, alone capturing more than two-thirds share of the total market.
· The region is likely to offer the highest growth opportunities during the forecast period as well with increasing investments of start-ups and aggressive launch activities by SpaceX.

Likwwise, Asia-Pacific to remain the second-largest region of the market during the forecast period. The region's space budget is almost half of North America's space budget. China and India are other key countries, have a conspicuous share in the global market.

Space Power Supply Market Drivers:

Some of the key drivers listed in the report are given below.
· Rising number of satellite launches for communication, navigation, and Earth observation drives demand for reliable space power systems.
· Growth in deep-space exploration missions requires advanced, high-efficiency power supplies such as nuclear and solar-electric propulsion systems
· Increasing private sector investment in space tourism, commercial space stations, and constellations boosts power supply adoption.
· Technological advancements in lightweight, radiation-hardened, and high-density energy storage solutions enhance spacecraft performance.
· Growing defense and national security programs in space accelerate demand for resilient, secure, and long-duration power sources.

Competitive Landscape: Top Companies in the Space Power Supply Market:

Stratview Research has identified the following companies as the top market players:
· Airborne
· Airbus SE
· AZUR SPACE Solar Power GmbH
· DHV Technology
· EaglePicher Technologies
· GS Yuasa Corporation
· Northrup Grumman Corporation
· Saft Groupe S.A.
· Sierra Nevada Corporation
· SolAero Technologies, Inc.
· Teledyne Technologies Incorporated.

What Unique Insights Does This Report Offer?
This report provides comprehensive insights into the market, answering critical questions like
- How big is the sales opportunity?
- Which regions offer the best sales opportunities?
- Which are the most attractive market segments?
- Which are the top players and their market positioning?
- How complex is the business environment?
- What are the factors affecting the market?
For Customization or Any Other Queries, get in Touch with our industry experts at sales@stratviewresearch.com

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