Global Space Solar Panel and Array Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030

Global Space Solar Panel and Array Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030

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 our (Global Info Research) latest study, the global Space Solar Panel and Array market size was valued at US$ 244 million in 2023 and is forecast to a readjusted size of USD 753 million by 2030 with a CAGR of 17.7% during review period.

Global key players of Space Solar Panel and Array are SolAero Technologies, Spectrolab, DHV Technology, GomSpace, ISISPACE, etc. Among them, SolAero Technologies is the biggest manufacturer with a share of over 50%. North America is the largest market who makes up a share of over 50%.

This report is a detailed and comprehensive analysis for global Space Solar Panel and Array market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2024, are provided.

Key Features:

Global Space Solar Panel and Array market size and forecasts, in consumption value ($ Million), sales quantity (KW), and average selling prices (US$/W), 2019-2030

Global Space Solar Panel and Array market size and forecasts by region and country, in consumption value ($ Million), sales quantity (KW), and average selling prices (US$/W), 2019-2030

Global Space Solar Panel and Array market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (KW), and average selling prices (US$/W), 2019-2030

Global Space Solar Panel and Array market shares of main players, shipments in revenue ($ Million), sales quantity (KW), and ASP (US$/W), 2019-2024

The Primary Objectives in This Report Are:

To determine the size of the total market opportunity of global and key countries

To assess the growth potential for Space Solar Panel and Array

To forecast future growth in each product and end-use market

To assess competitive factors affecting the marketplace

This report profiles key players in the global Space Solar Panel and Array market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include SolAero Technologies, Spectrolab, DHV Technology, GomSpace, ISISPACE, NanoAvionics, MMA Design, Pumpkin, etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.

Market Segmentation

Space Solar Panel and Array market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.

Market segment by Type
Space Solar Panel
Space Solar Array

Market segment by Application
Large Spacecraft
Small Spacecraft

Major players covered
SolAero Technologies
Spectrolab
DHV Technology
GomSpace
ISISPACE
NanoAvionics
MMA Design
Pumpkin

Market segment by region, regional analysis covers

North America (United States, Canada, and Mexico)

Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)

Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)

South America (Brazil, Argentina, Colombia, and Rest of South America)

Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

The content of the study subjects, includes a total of 15 chapters:

Chapter 1, to describe Space Solar Panel and Array product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top manufacturers of Space Solar Panel and Array, with price, sales quantity, revenue, and global market share of Space Solar Panel and Array from 2019 to 2024.

Chapter 3, the Space Solar Panel and Array competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.

Chapter 4, the Space Solar Panel and Array breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2019 to 2030.

Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2019 to 2030.

Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2019 to 2024.and Space Solar Panel and Array market forecast, by regions, by Type, and by Application, with sales and revenue, from 2025 to 2030.

Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.

Chapter 13, the key raw materials and key suppliers, and industry chain of Space Solar Panel and Array.

Chapter 14 and 15, to describe Space Solar Panel and Array sales channel, distributors, customers, research findings and conclusion.