A report on the Space Power Supply Market has been recently published by Stratview Research. This Market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the global Space Power Supply Market. The historic years considered for the study are 2016-2020, the base year is 2021, and the forecast period is 2021-2026.
The study includes an in-depth analysis of type, application, and regional segments. It also includes a Market channel, distribution, and customer analysis, industry cost analysis, Market analysis by application, production, revenue, and price trend analysis by type, production and consumption analysis by region, and various other Market studies.
Market Analysis
The Global Space Power Supply Market logged an impressive growth of more than 100% (year-over-year) to reach US$ 2.8 billion in 2020.
The Market is segmented by Product Type (Solar Panels & Arrays, Batteries {Primary Batteries, Secondary Batteries, and Reserve Batteries}, Power Modules, Thermoelectric Generators, and Others), by Application Type (Launch Vehicles {Small & Medium-Lift and Heavy & Super-Heavy Lift}, Satellites {LEO, MEO, and GEO}, and Space Exploration {Rovers and Others}), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).
This report also focuses on the short- and long-term implications of the novel Coronavirus pandemic on Space Power Supply Market at the global, and regional dimensions. To evaluate the percentage of loss or profit to the industry, the report also compares pre-COVID and post-COVID scenarios.
Report Features
The report delivers a detailed view of the industry based on global Space Power Supply Market size, Market growth, and opportunities. The report also analyses Market key aspects such as-
– Market structure: Overview, industry life cycle analysis, supply chain analysis
– Covid-19 Impact analysis.
– Market environment analysis: Growth drivers and constraints, and SWOT analysis.
– Market trend and forecast analysis.
– Market segment trend and forecast.
– Competitive landscape and dynamics: Market share, product launches, etc.
– Attractive Market segments and associated growth opportunities.
– Emerging trends.
– Strategic growth opportunities for the existing and new players.
The research provides in-depth analysis of the important elements that drive Market growth, including growth potential, opportunities, current Market trends, industry-specific obstacles, and dangers.
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Key Segments Space Power Supply Market Report Covers:
Stratview Research has firstly segmented the space power supply market based on the application type as satellites, launch vehicles, and space exploration. Increasing investments in space start-ups are driving companies to launch several small satellites in the 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.
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 convertor modules being one of the key components. The batteries segment is further classified into battery type as primary, secondary, and reserve battery as well as into material type as nickel, lithium, silver-zinc, and others. Lithium-ion batteries are likely to remain the dominant and the fastest-growing material type in the years to come.
Regional Analysis
In terms of regions, North America is likely to maintain its huge dominance in the market in the foreseen 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.
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, having a conspicuous share in the global market.
According to the report, brands or companies that are leading globally in this Market are –
- 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.
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