Global Space Solar Panel and Array Industry Growth and Trends Forecast to 2031

Summary

Solar power generation is the predominant method of power generation on small spacecraft. As of 2020, approximately 85% of all nanosatellite form factor spacecraft were equipped with solar panels and rechargeable batteries. Limitations to solar cell use include diminished efficacy in deep-space applications, no generation during eclipse periods, degradation over mission lifetime (due to aging and radiation), high surface area, mass, and cost. In order to pack more solar cells into limited volume in SmallSats and NanoSats, mechanical deployment mechanisms can be added, which may increase spacecraft design complexity, reliability, as well as risks. Photovoltaic cells, or solar cells, are made from thin semiconductor wafers that produce electric current when exposed to light. The light available to a spacecraft solar array, also called solar intensity, varies as the inverse square of the distance from the Sun. The projected surface area of the panels exposed to the Sun also affects generation, and varies as a cosine of the angle between said panel and the Sun.While single junction cells are cheap to manufacture, they carry a relatively low efficiency, usually less than 20%, and are not included in this report. Modern spacecraft designers favor multi-junction solar cells made from multiple layers of light-absorbing materials that efficiently convert specific wavelength regions of the solar spectrum into energy, thereby using a wider spectrum of solar radiation.The Space Solar Panel and Array industry can be broken down into several segments, Space Solar Panel, Space Solar Array, etc.

According to APO Research, The global Space Solar Panel and Array market was estimated at US$ million in 2025 and is projected to reach a revised size of US$ million by 2031, witnessing a CAGR of xx% during the forecast period 2026-2031.

North American market for Space Solar Panel and Array is estimated to increase from $ million in 2025 to reach $ million by 2031, at a CAGR of % during the forecast period of 2026 through 2031.

Asia-Pacific market for Space Solar Panel and Array is estimated to increase from $ million in 2025 to reach $ million by 2031, at a CAGR of % during the forecast period of 2026 through 2031.

Europe market for Space Solar Panel and Array is estimated to increase from $ million in 2025 to reach $ million by 2031, at a CAGR of % during the forecast period of 2026 through 2031.

The major global manufacturers of Space Solar Panel and Array include SolAero Technologies, Spectrolab, DHV Technology, GomSpace, ISISPACE, NanoAvionics, MMA Design and Pumpkin, etc. In 2024, the world's top three vendors accounted for approximately % of the revenue.

Report Scope

This report aims to provide a comprehensive presentation of the global market for Space Solar Panel and Array, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Space Solar Panel and Array.

The Space Solar Panel and Array market size, estimations, and forecasts are provided in terms of sales volume (KW) and revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. This report segments the global Space Solar Panel and Array market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided. For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.

Key Companies & Market Share Insights

In this section, the readers will gain an understanding of the key players competing. This report has studied the key growth strategies, such as innovative trends and developments, intensification of product portfolio, mergers and acquisitions, collaborations, new product innovation, and geographical expansion, undertaken by these participants to maintain their presence. Apart from business strategies, the study includes current developments and key financials. The readers will also get access to the data related to global revenue, price, and sales by manufacturers for the period 2020-2025. This all-inclusive report will certainly serve the clients to stay updated and make effective decisions in their businesses.

Space Solar Panel and Array Segment by Company

SolAero Technologies
Spectrolab
DHV Technology
GomSpace
ISISPACE
NanoAvionics
MMA Design
Pumpkin

Space Solar Panel and Array Segment by Type

Space Solar Panel
Space Solar Array

Space Solar Panel and Array Segment by Application

Large Spacecraft
Small Spacecraft

Space Solar Panel and Array Segment by Region

North America
United States
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Spain
Netherlands
Switzerland
Sweden
Poland
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Southeast Asia
South America
Brazil
Argentina
Chile
Colombia
Middle East & Africa
Egypt
South Africa
Israel
Türkiye
GCC Countries

Key Drivers & Barriers

High-impact rendering factors and drivers have been studied in this report to aid the readers to understand the general development. Moreover, the report includes restraints and challenges that may act as stumbling blocks on the way of the players. This will assist the users to be attentive and make informed decisions related to business. Specialists have also laid their focus on the upcoming business prospects.

Reasons to Buy This Report

1. This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global Space Solar Panel and Array market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.
2. This report will help stakeholders to understand the global industry status and trends of Space Solar Panel and Array and provides them with information on key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in volume and value), competitor ecosystem, new product development, expansion, and acquisition.
4. This report stays updated with novel technology integration, features, and the latest developments in the market
5. This report helps stakeholders to gain insights into which regions to target globally
6. This report helps stakeholders to gain insights into the end-user perception concerning the adoption of Space Solar Panel and Array.
7. This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.

Chapter Outline

Chapter 1: Introduces the study scope of this report, executive summary of market segments by type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter 2: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of Space Solar Panel and Array manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter 4: Sales, revenue of Space Solar Panel and Array in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter 5: Introduces market segments by application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter 6: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 7, 8, 9, 10 and 11: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter 12: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics.
Chapter 13: Concluding Insights of the report.

Please Note: Single-User license will be delivered via PDF from the publisher without the rights to print or to edit.


1 Market Overview

1.1 Product Definition
1.2 Global Market Growth Prospects
1.2.1 Global Space Solar Panel and Array Market Size Estimates and Forecasts (2020-2031)
1.2.2 Global Space Solar Panel and Array Sales Estimates and Forecasts (2020-2031)
1.3 Space Solar Panel and Array Market by Type
1.3.1 Space Solar Panel
1.3.2 Space Solar Array
1.4 Global Space Solar Panel and Array Market Size by Type
1.4.1 Global Space Solar Panel and Array Market Size Overview by Type (2020-2031)
1.4.2 Global Space Solar Panel and Array Historic Market Size Review by Type (2020-2025)
1.4.3 Global Space Solar Panel and Array Forecasted Market Size by Type (2026-2031)
1.5 Key Regions Market Size by Type
1.5.1 North America Space Solar Panel and Array Sales Breakdown by Type (2020-2025)
1.5.2 Europe Space Solar Panel and Array Sales Breakdown by Type (2020-2025)
1.5.3 Asia-Pacific Space Solar Panel and Array Sales Breakdown by Type (2020-2025)
1.5.4 South America Space Solar Panel and Array Sales Breakdown by Type (2020-2025)
1.5.5 Middle East and Africa Space Solar Panel and Array Sales Breakdown by Type (2020-2025)
2 Global Market Dynamics

2.1 Space Solar Panel and Array Industry Trends
2.2 Space Solar Panel and Array Industry Drivers
2.3 Space Solar Panel and Array Industry Opportunities and Challenges
2.4 Space Solar Panel and Array Industry Restraints
3 Market Competitive Landscape by Company

3.1 Global Top Players by Space Solar Panel and Array Revenue (2020-2025)
3.2 Global Top Players by Space Solar Panel and Array Sales (2020-2025)
3.3 Global Top Players by Space Solar Panel and Array Price (2020-2025)
3.4 Global Space Solar Panel and Array Industry Company Ranking, 2023 VS 2024 VS 2025
3.5 Global Space Solar Panel and Array Major Company Production Sites & Headquarters
3.6 Global Space Solar Panel and Array Company, Product Type & Application
3.7 Global Space Solar Panel and Array Company Establishment Date
3.8 Market Competitive Analysis
3.8.1 Global Space Solar Panel and Array Market CR5 and HHI
3.8.2 Global Top 5 and 10 Space Solar Panel and Array Players Market Share by Revenue in 2024
3.8.3 2023 Space Solar Panel and Array Tier 1, Tier 2, and Tier 3
4 Space Solar Panel and Array Regional Status and Outlook

4.1 Global Space Solar Panel and Array Market Size and CAGR by Region: 2020 VS 2024 VS 2031
4.2 Global Space Solar Panel and Array Historic Market Size by Region
4.2.1 Global Space Solar Panel and Array Sales in Volume by Region (2020-2025)
4.2.2 Global Space Solar Panel and Array Sales in Value by Region (2020-2025)
4.2.3 Global Space Solar Panel and Array Sales (Volume & Value), Price and Gross Margin (2020-2025)
4.3 Global Space Solar Panel and Array Forecasted Market Size by Region
4.3.1 Global Space Solar Panel and Array Sales in Volume by Region (2026-2031)
4.3.2 Global Space Solar Panel and Array Sales in Value by Region (2026-2031)
4.3.3 Global Space Solar Panel and Array Sales (Volume & Value), Price and Gross Margin (2026-2031)
5 Space Solar Panel and Array by Application

5.1 Space Solar Panel and Array Market by Application
5.1.1 Large Spacecraft
5.1.2 Small Spacecraft
5.2 Global Space Solar Panel and Array Market Size by Application
5.2.1 Global Space Solar Panel and Array Market Size Overview by Application (2020-2031)
5.2.2 Global Space Solar Panel and Array Historic Market Size Review by Application (2020-2025)
5.2.3 Global Space Solar Panel and Array Forecasted Market Size by Application (2026-2031)
5.3 Key Regions Market Size by Application
5.3.1 North America Space Solar Panel and Array Sales Breakdown by Application (2020-2025)
5.3.2 Europe Space Solar Panel and Array Sales Breakdown by Application (2020-2025)
5.3.3 Asia-Pacific Space Solar Panel and Array Sales Breakdown by Application (2020-2025)
5.3.4 South America Space Solar Panel and Array Sales Breakdown by Application (2020-2025)
5.3.5 Middle East and Africa Space Solar Panel and Array Sales Breakdown by Application (2020-2025)
6 Company Profiles

6.1 SolAero Technologies
6.1.1 SolAero Technologies Comapny Information
6.1.2 SolAero Technologies Business Overview
6.1.3 SolAero Technologies Space Solar Panel and Array Sales, Revenue and Gross Margin (2020-2025)
6.1.4 SolAero Technologies Space Solar Panel and Array Product Portfolio
6.1.5 SolAero Technologies Recent Developments
6.2 Spectrolab
6.2.1 Spectrolab Comapny Information
6.2.2 Spectrolab Business Overview
6.2.3 Spectrolab Space Solar Panel and Array Sales, Revenue and Gross Margin (2020-2025)
6.2.4 Spectrolab Space Solar Panel and Array Product Portfolio
6.2.5 Spectrolab Recent Developments
6.3 DHV Technology
6.3.1 DHV Technology Comapny Information
6.3.2 DHV Technology Business Overview
6.3.3 DHV Technology Space Solar Panel and Array Sales, Revenue and Gross Margin (2020-2025)
6.3.4 DHV Technology Space Solar Panel and Array Product Portfolio
6.3.5 DHV Technology Recent Developments
6.4 GomSpace
6.4.1 GomSpace Comapny Information
6.4.2 GomSpace Business Overview
6.4.3 GomSpace Space Solar Panel and Array Sales, Revenue and Gross Margin (2020-2025)
6.4.4 GomSpace Space Solar Panel and Array Product Portfolio
6.4.5 GomSpace Recent Developments
6.5 ISISPACE
6.5.1 ISISPACE Comapny Information
6.5.2 ISISPACE Business Overview
6.5.3 ISISPACE Space Solar Panel and Array Sales, Revenue and Gross Margin (2020-2025)
6.5.4 ISISPACE Space Solar Panel and Array Product Portfolio
6.5.5 ISISPACE Recent Developments
6.6 NanoAvionics
6.6.1 NanoAvionics Comapny Information
6.6.2 NanoAvionics Business Overview
6.6.3 NanoAvionics Space Solar Panel and Array Sales, Revenue and Gross Margin (2020-2025)
6.6.4 NanoAvionics Space Solar Panel and Array Product Portfolio
6.6.5 NanoAvionics Recent Developments
6.7 MMA Design
6.7.1 MMA Design Comapny Information
6.7.2 MMA Design Business Overview
6.7.3 MMA Design Space Solar Panel and Array Sales, Revenue and Gross Margin (2020-2025)
6.7.4 MMA Design Space Solar Panel and Array Product Portfolio
6.7.5 MMA Design Recent Developments
6.8 Pumpkin
6.8.1 Pumpkin Comapny Information
6.8.2 Pumpkin Business Overview
6.8.3 Pumpkin Space Solar Panel and Array Sales, Revenue and Gross Margin (2020-2025)
6.8.4 Pumpkin Space Solar Panel and Array Product Portfolio
6.8.5 Pumpkin Recent Developments
7 North America by Country

7.1 North America Space Solar Panel and Array Sales by Country
7.1.1 North America Space Solar Panel and Array Sales Growth Rate (CAGR) by Country: 2020 VS 2024 VS 2031
7.1.2 North America Space Solar Panel and Array Sales by Country (2020-2025)
7.1.3 North America Space Solar Panel and Array Sales Forecast by Country (2026-2031)
7.2 North America Space Solar Panel and Array Market Size by Country
7.2.1 North America Space Solar Panel and Array Market Size Growth Rate (CAGR) by Country: 2020 VS 2024 VS 2031
7.2.2 North America Space Solar Panel and Array Market Size by Country (2020-2025)
7.2.3 North America Space Solar Panel and Array Market Size Forecast by Country (2026-2031)
8 Europe by Country

8.1 Europe Space Solar Panel and Array Sales by Country
8.1.1 Europe Space Solar Panel and Array Sales Growth Rate (CAGR) by Country: 2020 VS 2024 VS 2031
8.1.2 Europe Space Solar Panel and Array Sales by Country (2020-2025)
8.1.3 Europe Space Solar Panel and Array Sales Forecast by Country (2026-2031)
8.2 Europe Space Solar Panel and Array Market Size by Country
8.2.1 Europe Space Solar Panel and Array Market Size Growth Rate (CAGR) by Country: 2020 VS 2024 VS 2031
8.2.2 Europe Space Solar Panel and Array Market Size by Country (2020-2025)
8.2.3 Europe Space Solar Panel and Array Market Size Forecast by Country (2026-2031)
9 Asia-Pacific by Country

9.1 Asia-Pacific Space Solar Panel and Array Sales by Country
9.1.1 Asia-Pacific Space Solar Panel and Array Sales Growth Rate (CAGR) by Country: 2020 VS 2024 VS 2031
9.1.2 Asia-Pacific Space Solar Panel and Array Sales by Country (2020-2025)
9.1.3 Asia-Pacific Space Solar Panel and Array Sales Forecast by Country (2026-2031)
9.2 Asia-Pacific Space Solar Panel and Array Market Size by Country
9.2.1 Asia-Pacific Space Solar Panel and Array Market Size Growth Rate (CAGR) by Country: 2020 VS 2024 VS 2031
9.2.2 Asia-Pacific Space Solar Panel and Array Market Size by Country (2020-2025)
9.2.3 Asia-Pacific Space Solar Panel and Array Market Size Forecast by Country (2026-2031)
10 South America by Country

10.1 South America Space Solar Panel and Array Sales by Country
10.1.1 South America Space Solar Panel and Array Sales Growth Rate (CAGR) by Country: 2020 VS 2024 VS 2031
10.1.2 South America Space Solar Panel and Array Sales by Country (2020-2025)
10.1.3 South America Space Solar Panel and Array Sales Forecast by Country (2026-2031)
10.2 South America Space Solar Panel and Array Market Size by Country
10.2.1 South America Space Solar Panel and Array Market Size Growth Rate (CAGR) by Country: 2020 VS 2024 VS 2031
10.2.2 South America Space Solar Panel and Array Market Size by Country (2020-2025)
10.2.3 South America Space Solar Panel and Array Market Size Forecast by Country (2026-2031)
11 Middle East and Africa by Country

11.1 Middle East and Africa Space Solar Panel and Array Sales by Country
11.1.1 Middle East and Africa Space Solar Panel and Array Sales Growth Rate (CAGR) by Country: 2020 VS 2024 VS 2031
11.1.2 Middle East and Africa Space Solar Panel and Array Sales by Country (2020-2025)
11.1.3 Middle East and Africa Space Solar Panel and Array Sales Forecast by Country (2026-2031)
11.2 Middle East and Africa Space Solar Panel and Array Market Size by Country
11.2.1 Middle East and Africa Space Solar Panel and Array Market Size Growth Rate (CAGR) by Country: 2020 VS 2024 VS 2031
11.2.2 Middle East and Africa Space Solar Panel and Array Market Size by Country (2020-2025)
11.2.3 Middle East and Africa Space Solar Panel and Array Market Size Forecast by Country (2026-2031)
12 Value Chain and Sales Channels Analysis

12.1 Space Solar Panel and Array Value Chain Analysis
12.1.1 Space Solar Panel and Array Key Raw Materials
12.1.2 Key Raw Materials Price
12.1.3 Raw Materials Key Suppliers
12.1.4 Manufacturing Cost Structure
12.1.5 Space Solar Panel and Array Production Mode & Process
12.2 Space Solar Panel and Array Sales Channels Analysis
12.2.1 Direct Comparison with Distribution Share
12.2.2 Space Solar Panel and Array Distributors
12.2.3 Space Solar Panel and Array Customers
13 Concluding Insights
14 Appendix

14.1 Reasons for Doing This Study
14.2 Research Methodology
14.3 Research Process
14.4 Authors List of This Report
14.5 Data Source
14.5.1 Secondary Sources
14.5.2 Primary Sources
14.6 Disclaimer

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