Growing Complexities & Development in Space Projects is Projected to Drive Growth in Space Power Electronics Market

Space power electronics market is expected to grow significantly at a CAGR of 16.5% throughout the forecast period (2024-2031). This growth forecast is attributed to the rise in complexities & advancements in space missions. This involves large or mega constellation missions, deep space exploration missions, and interplanetary propulsion missions, which necessitate the use of power electronics to sustain it & deliver efficient performance under extreme environments. 

Further, these complexities are paired with growing emphasis by public and private organizations for optimizing spacecrafts which include developments such as miniaturization of components, and efficient performance-driven electronic components. The increasing complexities in space projects and technological advancements in power management and components are driving the rapid development and expansion of the space power electronics market.

Browse the full report description of “Space Power Electronics Market Size, Share & Trends Analysis Report by Device Type (Video Wall, and Standalone), by Application (Satellite, Spacecraft & Launch Vehicle, Rovers, and Space Stations), and by Voltage (Low Voltage, Medium Voltage, and High Voltage). Forecast Period (2024-2031)” at https://www.omrglobal.com/industry-reports/space-power-electronics-market

Recent Development

• In February 2024, EPC Space introduced the EPC7011L7SH, a 50 V, 6 A radiation-hardened GaN Power Stage IC for space applications, in February 2024. The compact, all-in-one integrated device integrates the driver, eGaN FETs, and the main power components within a single chip, making it capable of high-speed switching over 2 MHz. The solution simplifies the design, reduces PCB space, and improves efficiency in space electronics.

Market Coverage

· The market number available for – 2023-2031

· Base year- 2023

· Forecast period- 2024-2031

· Segment Covered- 

o By Device Type

o By Application

o By Voltage

· Regions Covered-

o North America

o Europe

o Asia-Pacific

o Rest of the World

· Competitive Landscape- Infineon Technologies AG, Semiconductor Components Industries, LLC, Renesas Electronics Corp., STMicroelectronics NV, and Texas Instruments Inc., among others.

Key questions addressed by the report.

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• Who is the leader in the market?
• How are players addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Space Power Electronics Market Report Segment

By Device Type

• Power Discrete
• Power Module
• Power IC

By Application

• Satellite
• Spacecraft & Launch Vehicle
• Rovers
• Space Stations

By Voltage

• Low Voltage
• Medium Voltage
• High Voltage

Global Space Power Electronics Market Report Segment by Region

North America

· United States

· Canada 

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

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