Report Ocean has released a research study titled “Space Power Electronics Market 2023 Forecast to 2031 Analysis by Market Trends.” This study offers precise economic forecasts, global assessments, and country-level insights. It provides a comprehensive view of the competitive market and includes an in-depth supply chain analysis to identify significant industry changes. The study explores the current market status, anticipated future growth, technological advancements, investment opportunities, market economics, and financial data. It thoroughly examines the market and offers insights based on a SWOT analysis of the industry.
Space Power Electronics Market is valued approximately USD 205 million in 2021 and is anticipated to grow with a healthy growth rate of more than 16% over the forecast period 2022-2028.Space power electronics refers to the use of electronics to regulate and transfer electric power from one form to another on satellites, spacecraft, launch vehicles, space stations, and rovers. It deals with the processing of high voltages and currents in order to produce power for a wide range of applications.
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A power electronic system can be made up of a modular power electronic subsystem (PESS) with input and output power ports coupled to a source and a load, according to the National Aeronautics and Space Administration. The cornerstone of modem power electronic converters are semiconductor devices including metal-oxide semiconductor field effect transistors (MOSFET), insulated gate bipolar transistors (IGBT), MOS -controlled thyristor (MCT), and gate-turn-off thyristors (GTO).Significant investment in satellite manufacturing, as well as technological advancements in microprocessors and FPGAs, are the primary drivers of the Space Electronics Market. The high cost of designing and developing space electronic goods, as well as the difficulties in providing a realistic testing environment for radiation-hardened electronics, may limit the development of the Space Electronics Market throughout the anticipated period. The arrival of new materials for the fabrication of space electronics, as well as the growing need for reconfigurable satellite payloads, effectively opens up new market prospects. These prospects are providing market participants with new ways to expand their business.
The key regions considered for the global Space Power Electronics Marketstudy includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is predicted to lead the space power electronics market in terms of region. In the North American region, the United States has a lucrative market for space power electronics. To improve the quality and efficacy of satellite communication and deep space research, the US government is aggressively investing in advanced space power electronics technologies. Increased spending on
satellite equipment to improve the armed forces’ defence and surveillance capabilities, as well as the modernization of existing communication in military platforms, critical infrastructure, and authorities using satellite systems, are estimated to drive the space power electronics market in North America. For better power conversion, the Boeing-built O3b mPOWER satellites use radiation-fault-tolerant DC-DC converter power modules. Whereas, Europe and Asia-Pacific are also expected to provide strong growth possibilities in the next years. In the future years, India, China, and Russia will be the new growth engines in the European and Asia-Pacific space electronics markets.
Major market player included in this report are:
Infineon Technologies
Texas Instruments Incorporated
Stmicroelectronics
Onsemi
Renesas Electronics Corporation
Bae Systems Plc
Analog Devices, Inc.
Vishay Intertechnology, Inc.
Nxp Semiconductors
Crane Co.
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The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and application offerings of key players.
The detailed segments and sub-segment of the market are explained below:
ByDevice Type:
Power Discrete
Power Module
Power IC
By Application:
Satellite
Spacecraft & Launch Vehicle
Rovers
Space stations
By Platform type:
Power
Command and data handling
ADCS
Propulsion
TT&C
Structure
Thermal system
By Voltage:
Low Voltage
Medium Voltage
High Voltage
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By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
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