Global Space Photovoltaics Market Growth (Status and Outlook) 2024-2030

Global Space Photovoltaics Market Growth (Status and Outlook) 2024-2030

Space photovoltaics refers to the technology and systems used to generate electrical power from sunlight for use in space applications, such as satellites, space stations, and spacecraft. These systems utilize highly efficient solar cells made from materials like gallium arsenide (GaAs) and multi-junction cells, which are capable of converting a higher percentage of sunlight into electricity compared to terrestrial solar panels. Space photovoltaics must withstand harsh conditions, including extreme temperatures, radiation, and microgravity. They are essential for providing reliable and sustainable power for various space missions, enabling continuous operation of onboard instruments, communication systems, and life-support systems in the vacuum of space.

The global Space Photovoltaics market size is projected to grow from US$ million in 2024 to US$ million in 2030; it is expected to grow at a CAGR of %from 2024 to 2030.

LPI (LP Information)' newest research report, the “Space Photovoltaics Industry Forecast” looks at past sales and reviews total world Space Photovoltaics sales in 2022, providing a comprehensive analysis by region and market sector of projected Space Photovoltaics sales for 2023 through 2029. With Space Photovoltaics sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Space Photovoltaics industry.

This Insight Report provides a comprehensive analysis of the global Space Photovoltaics landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyses the strategies of leading global companies with a focus on Space Photovoltaics portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Space Photovoltaics market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Space Photovoltaics and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Space Photovoltaics.

United States market for Space Photovoltaics is estimated to increase from US$ million in 2023 to US$ million by 2030, at a CAGR of % from 2024 through 2030.

China market for Space Photovoltaics is estimated to increase from US$ million in 2023 to US$ million by 2030, at a CAGR of % from 2024 through 2030.

Europe market for Space Photovoltaics is estimated to increase from US$ million in 2023 to US$ million by 2030, at a CAGR of % from 2024 through 2030.

Global key Space Photovoltaics players cover Spectrolab (Boeing), Endurosat, DHV Technology, Sparkwing (Airbus), AAC Clyde Space, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2023.

This report presents a comprehensive overview, market shares, and growth opportunities of Space Photovoltaics market by product type, application, key players and key regions and countries.

Segmentation by Type:
Rigid Solar Panels
Semi-rigid Solar Panels
Flexible Solar Panels

Segmentation by Application:
Government and Defense
Commercial

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

Segmentation by Type:
Rigid Solar Panels
Semi-rigid Solar Panels
Flexible Solar Panels

Segmentation by Application:
Government and Defense
Commercial

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Spectrolab (Boeing)
Endurosat
DHV Technology
Sparkwing (Airbus)
AAC Clyde Space
Redwire Space
NPC Spacemind
SpaceTech
Rocket Lab
SolarSpace
Northrop Grumman
CESI
AZUR SPACE
Lockheed Martin
Pumpkin Space Systems

Please note: The report will take approximately 2 business days to prepare and deliver.