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The expansion of the space exploration industry is constantly adding to the growth of the space power electronics market. This extension is supported by the growth of the commercial space industry, the increasing number of space missions by state-owned organizations for developing reliable space capabilities, and the rising emphasis on deploying more advanced space missions such as deep space missions and human-involved missions, among others. These evolving requirements of the space exploration industry have contributed to the growth & innovation of the space power electronics market, as the missions of this build include advanced electronic solutions such as radiation-hardened power electronics for more reliable & efficient performance and aim to incorporate advanced technological capabilities such as autonomous power management tools & storage systems that utilize compact electrical components, which are collectively projected to strengthen demand & investments in the space power electronics market. For example, The Space Foundation's report for the first quarter of 2024 shows that the global space industry continued to advance in launch and payload activities, despite challenges like U.S. budget constraints and increasing international tensions. The year kicked off strongly, with 41 launches, which included the inaugural flights of new launch vehicles from China, Japan, and the US.
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- Market Coverage
- Market number available for – 2025-2031
- Base year- 2025
- Forecast period- 2025-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Global Space Power Electronics Market Report by Segment
By Device 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
Global Space Power Electronics Market Report by Region
North America
- United States
- copyright
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global space power electronics market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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