Dublin, August 03, 2021 (GLOBE NEWSWIRE) – The “Space Power Market Size, Share, Trend, Forecast & Industry Analysis: 2021-2026” report was added to ResearchAndMarkets.com offer.
The global space energy supply market recorded impressive growth of over 100% (year-on-year) to reach US $ 2.8 billion in 2020
The power supply system covers all aspects: generation, storage, conditioning, distribution and conversion for space applications. Space missions can last from a few minutes to several decades; therefore, finding the optimal primary and secondary sources with an architecture that will make the best use of them remains essential.
The space industry, including the space power supply, is highly regulated where all parts require rigorous quality control and legal documentation before they are used in a spacecraft. In addition, industry demand for power products is largely impacted by new technological advances, satellite launches, regulations (EWR 127-1, MIL-STD), etc. The main players have placed great emphasis on advancing existing products to meet the changing demands of the market.
SpaceX, Blue Origin, OneWeb, and Virgin Galactic are the top recipients of investments in 2019, totaling around US $ 3.9 billion, or 68% of total investments. Despite the persistent COVID-19 pandemic, the space industry experienced robust growth in 2020, making it a banner year for the industry.
Market segment analysis
Growing investments in space start-ups are pushing companies to launch several small satellites into the LEO orbit. More than 1,200 satellites were launched in 2020, of which more than 1,100 were small satellites. SpaceX’s “Starlink” constellation has deployed hundreds of communications satellites, leading the market to record extraordinary growth in 2020. In addition, thousands more such satellites are already in the works, securing a future radiant to the industry in the years to come. .
The space power market is segmented into solar panels and panels, batteries, power modules, thermoelectric generators and others based on the type of product. Power modules dominated the market, with DC converter modules being one of the key components. Battery segment is further classified into battery type as primary, secondary and reserve battery, as well as material type as nickel, lithium, silver-zinc and others. Lithium-ion batteries will likely remain the dominant and fastest growing type of material for years to come.
In terms of regions, North America is likely to maintain its enormous dominance in the market for the foreseeable future. The United States held enormous dominance, alone capturing more than two-thirds of the total market. The region is likely to offer the highest growth opportunities during the forecast period as well as increasing investment from start-ups and aggressive launch activities by SpaceX.
Asia-Pacific will remain the second market region during the forecast period. The region’s space budget represents almost half of North America’s space budget. China and India are other key countries, holding a significant share of the global market.
The supply chain of this market includes raw material suppliers, manufacturers of space power products, space agencies, research institutes and satellite manufacturers.
The main manufacturers of space power supplies are Airborne, Airbus SE, AZUR SPACE Solar Power GmbH, DHV Technology, EaglePicher Technologies, GS Yuasa Corporation, Northrup Grumman Corporation, Saft Groupe SA, Sierra Nevada Corporation, SolAero Technologies, Inc. and Teledyne Technologies Incorporated .
Main topics covered:
2. Overview and segmentation of the space power market
2.1. Segmentation of the space food market
2.2. PEST analysis
2.3. Supply chain analysis
2.4. Industry life cycle analysis
2.5. Market factors
2.6. Market challenges
3. Space Food Market – Assessment
3.1. Penetration of space power throughout the space industry
3.2. Space Power Market Trend & Forecast (USD Million)
3.3. Market segment analysis (millions of US dollars)
3.4. Regional and country level analysis (millions of US dollars)
4. Competitive analysis
4.1. Level of market concentration
4.2. Regional competitive dynamics
4.3. Key information on regional actors
4.4. Product portfolio analysis
4.5. New product launches
4.6. Strategic alliances
4.7. Porter’s Five Forces Analysis
5. Space Food Market Trend and Forecast by Application Type (2021-2026)
5.1. Segment analysis
5.2. Solar panels and arrays: trend and forecast (in millions of US dollars)
5.3. Batteries: Trend and Forecast (in millions of US dollars)
5.3.1. Battery Type (Primary, Secondary, and Reserve Battery): Trend and Forecast (USD Million)
5.3.2. Material type (nickel, lithium, silver-zinc and others): trend and forecast (in millions of US dollars)
5.4. Power Modules: Trend and Forecast (USD Million)
5.5. Thermoelectric Generators: Trend and Forecast (in millions of US dollars)
5.6. Others: Trend and forecast (in millions of US dollars)
6. Space Food Market Trend and Forecast by Application Type (2021-2026)
6.1. Segment analysis
6.2. Satellites: trend and forecast (in millions of US dollars)
6.2.1. Satellite type (LEO, MEO and GEO): trend and forecast (in millions of US dollars)
6.3. Launch vehicles: trend and forecast (in millions of US dollars)
6.3.1. Vehicle type (small and medium bridges and heavy and super-heavy trucks): trend and forecast (in millions of US dollars)
6.4. Space exploration: trend and forecast (in millions of US dollars)
6.4.1. Regional trend and forecast (US $ millions)
6.4.2. Type (Rovers and others): trend and forecast (millions of US dollars)
7. Space Food Market Trend and Forecast by Region (2021-2026)
7.1. Segment analysis
8. Opportunities for strategic growth
8.1. Market attractiveness analysis
8.2. Emerging trends
8.3. Growth matrix analysis
8.4. Strategic implications
8.5. Key Success Factors (KSF)
9. Company profile of key players
- Airbus SE
- AZUR SPACE Solar Power GmbH
- DHV technology
- EaglePicher Technologies
- GS Yuasa Company
- Northrup Grumman Company
- Saft Groupe SA
- Sierra Nevada Company
- SolAero Technologies, Inc.
- Teledyne Technologies Incorporated
For more information on this report, visit https://www.researchandmarkets.com/r/rekove