The global space power supply market value is projected to reach $12.52 billion by 2030, reveals the premium market intelligence study. The study also highlights that the market value is set to witness a CAGR of 16.53% during the forecast between 2020 and 2030.
The comprehensive research study of the global space power supply market covers the following:
The report consists of the various market drivers, challenges, opportunities, competition benchmarking, and segmental analysis of regions, along with company profiles of key players.
This study indicates that the increasing dependence on satellites for both military and commercial sectors and increasing demand for light-weight power components are fueling the growth of the market.
The market segments are further classified to get an in-depth analysis of the study to gain a comprehensive view of the market.
Nilopal Ojha, Lead Analyst –, states, "The space power supply market is a well-established market with several players providing technologically advanced products and services for the market. But the need for a more efficient system has always existed and is expected to continue till an ideal system is designed. The market is expected to grow steadily over the years, as the need for systems to power the spacecraft is never going to cease. The power systems are anticipated to meet the energy requirements of the spacecraft without compromising the optimum payload characteristics. With the level of investments in the space industry, the challenges faced currently are going to fade out in the next few years.”
In-depth interviews with market leaders have given key insights for the study and helped in the data triangulation. The key players profiled in the report include AAC Clyde Space, Airborne, Airbus S.A.S., AZUR SPACE Solar Power GmbH, DHV Technology, EaglePicher Technologies, EnduroSat, GS Yuasa Lithium Power, Innovative Solutions in Space, Northrop Grumman Corporation, Shanghai Institute of Solar Power-Sources, Sierra Nevada Corporation, Solaero Technologies, Spectrolab, and Teledyne Technologies Incorporated.
The report also offers strategic recommendations that might help the companies to track the various technological trends and products that will likely change the market dynamics.
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Source: ASDReports - Market Research
Date: Jan 11, 2021