Space power supply is the electrical energy required to power the equipment, systems, and payloads that are operated in space, including spacecraft, satellites, and space stations. Space power supply and delivery technologies continue to evolve as humanity’s interest in space exploration grows. The global space power supply market is anticipated to increase by USD 0.4 billion till 2029 at an average annual growth of 1.24 percent as per the latest market estimates.

The report covers market size and growth, segmentation, regional breakdowns, competitive landscape, trends and strategies for global space power supply market. It presents a quantitative analysis of the market to enable stakeholders to capitalize on the prevailing market opportunities. The report also identifies top segments for opportunities and strategies based on market trends and leading competitors’ approaches.

This industry report offers market estimates and forecasts of the global market, followed by a detailed analysis of the product, application, and region. The global market for space power supply can be segmented by product: solar panel, power convertors, batteries, power management device. Among these, the solar panel segment was accounted for the highest revenue generator in 2022. Space power supply market is further segmented by application: deep space exploration, launch vehicles, satellites. The satellites segment is estimated to account for the largest share of the global space power supply market. Based on region, the space power supply market is segmented into: North America, Europe, Asia-Pacific, MEA (Middle East and Africa), Latin America. North America held the largest share of the global space power supply market in 2022 and is anticipated to hold its share during the forecast period.

Market Segmentation
By product: solar panel, power convertors, batteries, power management device
By application: deep space exploration, launch vehicles, satellites
By region: North America, Europe, Asia-Pacific, MEA (Middle East and Africa), Latin America

The market research report covers the analysis of key stake holders of the global space power supply market. Some of the leading players profiled in the report include Airbus S.A.S., Mitsubishi Electric Corporation, Thales S.A., Northrop Grumman Corporation, Rocket Lab Limited, RUAG Group, GS Yuasa Corporation, Teledyne Technologies Incorporated, among others. In this report, key players and their strategies are thoroughly analyzed to understand the competitive outlook of the market.
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Scope of the Report
• To analyze and forecast the market size of the global space power supply market.
• To classify and forecast the global space power supply market based on product, application, region.
• To identify drivers and challenges for the global space power supply market.
• To examine competitive developments such as mergers & acquisitions, agreements, collaborations and partnerships, etc., in the global space power supply market.
• To identify and analyze the profile of leading players operating in the global space power supply market.

Why Choose This Report
• Gain a reliable outlook of the global space power supply market forecasts from 2023 to 2029 across scenarios.
• Identify growth segments for investment.
• Stay ahead of competitors through company profiles and market data.
• The market estimate for ease of analysis across scenarios in Excel format.
• Strategy consulting and research support for three months.
• Print authentication provided for the single-user license.