Space Battery Market Forecasts to 2030 – Global Analysis By Battery Type (Lithium-ion (Li-ion) Batteries, Nickel-Cadmium (Ni-Cd) Batteries, Nickel-Hydrogen (Ni-H2) Batteries, Silver-Zinc Batteries, Solid-state Batteries, Lead-acid Batteries and Other Batt

Space Battery Market Forecasts to 2030 – Global Analysis By Battery Type (Lithium-ion (Li-ion) Batteries, Nickel-Cadmium (Ni-Cd) Batteries, Nickel-Hydrogen (Ni-H2) Batteries, Silver-Zinc Batteries, Solid-state Batteries, Lead-acid Batteries and Other Battery Types), Battery Component, Power Capacity, Platform, Application, End User and By Geography

According to Stratistics MRC, the Global Space Battery Market is accounted for $1.48 billion in 2024 and is expected to reach $1.92 billion by 2030 growing at a CAGR of 8.5% during the forecast period. A space battery is an energy storage device specifically designed for use in spacecraft and space missions. These batteries must withstand extreme conditions, including high radiation, vacuum environments, and temperature fluctuations. They are used due to their high energy density, reliability, and durability. Space batteries are crucial for satellites, space probes, and crewed missions, providing energy during eclipses or when solar panels are not in use, ensuring continuous operation in space environments.

Market Dynamics:

Driver:

Increasing space exploration

As space agencies and private companies launch more satellites, deep space probes, and crewed missions, the need for reliable and efficient power sources escalates. Space batteries must support critical systems and instruments throughout the mission, especially during periods when solar power is unavailable. This rising demand stimulates innovation and investment in battery technology, leading to advancements in energy density, durability, and performance. Consequently, the expanding scope of space exploration fuels both market growth and technological progress.

Restraint:

Harsh space environment

The harsh space environment includes extreme temperatures, high radiation levels, and vacuum conditions, all of which challenge the performance and durability of space batteries. These conditions can lead to battery degradation, reduced lifespan, and potential failures. Designing batteries that can withstand such environments requires advanced materials and technologies, which significantly increases development and production costs. Consequently, these can hamper market growth by limiting the pace of innovation and commercialization in the space battery sector.

Opportunity:

Growing commercial space sector

Private companies like SpaceX, Blue Origin, and others are expanding their satellite constellations, lunar missions, and deep space exploration initiatives, all of which require reliable and high-performance batteries. This surge in commercial activities drives innovation in battery technology, as companies seek to enhance energy density, lifespan, and durability. Additionally, the rise in commercial launches creates more opportunities for battery manufacturers, fostering competition and accelerating technological advancements in space batteries.

Threat:

High development costs

High development costs in space batteries stem from the need for specialized materials, rigorous testing, and compliance with stringent space mission standards. Designing batteries that can withstand extreme temperatures, radiation, and vacuum conditions requires significant R&D investment. Additionally, the expensive development process can result in higher prices for end-users, potentially deterring investment and adoption, and thereby hampering overall market growth.

Covid-19 Impact

The covid-19 pandemic disrupted the space battery market through supply chain interruptions, delays in manufacturing, and slowed space missions. Many space programs, both government and commercial, faced postponements due to restricted operations and funding reallocations. However, the pandemic also highlighted the importance of satellite-based communication and observation, which maintained demand for space batteries. As the space sector gradually recovered, investment in satellite technology and private space ventures resumed, helping to stabilize and revitalize the space battery market post-pandemic.

The launch vehicles segment is expected to be the largest during the forecast period

The launch vehicles segment is predicted to secure the largest market share throughout the forecast period. In launch vehicles, space batteries are essential for providing reliable power during the rocket's ascent and initial orbit insertion. They support critical systems such as avionics, communication, and guidance controls when the vehicle's main power sources, like fuel cells or solar arrays, are inactive. They are crucial for ensuring mission success and reliability.

The power supply segment is expected to have the highest CAGR during the forecast period

The power supply segment is anticipated to witness the highest CAGR during the forecast period. In power supply applications, space batteries are crucial for providing reliable and consistent energy to spacecraft and satellites. They power onboard systems, scientific instruments, and communication equipment, ensuring continuous operation even when solar panels are not generating power. Their performance directly impacts mission success, making advancements in battery technology essential for maintaining power stability and efficiency throughout the duration of space missions.

Region with largest share:

Asia Pacific is expected to have the largest market share during the forecast period due to increasing investments in space exploration and satellite deployment. Countries like China, India, and Japan are leading advancements in space technology, including developing space-grade batteries for satellites, space stations, and lunar missions. Additionally, regional initiatives, such as China’s space station and India's Chandrayaan missions, enhance opportunities for advanced energy storage solutions, making Asia-Pacific a critical market for space batteries.

Region with highest CAGR:

North America is projected to witness the highest CAGR over the forecast period, driven by the strong presence of major space agencies like NASA and private companies such as SpaceX and Blue Origin. The region leads in space exploration, satellite launches, and deep space missions, fueling demand for advanced energy storage solutions. Government funding for space programs and technological advancements in battery systems further contribute to market growth. North America's focus on lunar exploration, Mars missions, and defense applications ensures continued investment in space batteries, making it a critical hub for innovation in the sector.

Key players in the market

Some of the key players profiled in the Space Battery Market include EnerSys, Saft Groupe S.A., GS Yuasa Corporation, Mitsubishi Electric Corporation, Northrop Grumman, ABSL Power Solutions, EaglePicher Technologies, Panasonic Corporation, Maxar Technologies, VARTA AG, Tadiran Batteries, Amprius Technologies, FuelCell Energy, PowerTech Systems and Lanzo Batteries.

Key Developments:

In July 2024, Lanzo Batteries unveiled its new aerospace battery technology. This mission aims to integrate the high power density modular battery Lanzo’s high power density modular battery into UARX Space‘s Orbital Transfer Vehicle platform, known as Ossie, which will serve as a testbed for various experiments.

In May 2024, Mitsubishi Electric Corporation announced that it has been awarded a contract by the Japan Aerospace Exploration Agency (JAXA) to supply space-use lithium-ion batteries for the Gateway, a lunar orbiting space station. This will be the third time for Mitsubishi Electric to provide space-use lithium-ion batteries for the Artemis Program, including the Habitation and Logistics Outpost (HALO) and the International Habitation Module (I-Hab).

Battery Types Covered:
• Lithium-ion (Li-ion) Batteries
• Nickel-Cadmium (Ni-Cd) Batteries
• Nickel-Hydrogen (Ni-H2) Batteries
• Silver-Zinc Batteries
• Solid-state Batteries
• Lead-acid Batteries
• Other Battery Types

Battery Components Covered:
• Anode
• Cathode
• Electrolyte
• Separator
• Current Collector
• Other Battery Components

Power Capacities Covered:
• Low Power (<100 Watt-hours)
• Medium Power (100-500 Watt-hours)
• High Power (>500 Watt-hours)

Platforms Covered:
• Satellites
• Launch Vehicles
• Space Rovers
• Space Probes
• Space Stations
• Other Platforms

Applications Covered:
• Power Supply
• Energy Storage
• Propulsion Systems
• Communications Systems
• Scientific Research Instruments
• Other Applications

End Users Covered:
• Government Space Agencies
• Commercial Space Companies
• Defense & Military
• Research Institutes
• Other End Users

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
Market share assessments for the regional and country-level segments
Strategic recommendations for the new entrants
Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
Strategic recommendations in key business segments based on the market estimations
Competitive landscaping mapping the key common trends
Company profiling with detailed strategies, financials, and recent developments
Supply chain trends mapping the latest technological advancements