How big is the Space Power Electronics Market?

The Space Power Electronics Market size is expected to reach USD 320.35 million in 2024 and grow at a CAGR of 14.68% to reach USD 635.21 million by 2029. Read More

What is the current Space Power Electronics Market size?

In 2024, the Space Power Electronics Market size is expected to reach USD 320.35 million. Read More

Who are the key players in Space Power Electronics Market?

Cobham Limited, Texas Instruments Incorporated, BAE Systems plc, Infineon Technologies AG and STMicroelectronics N.V. are the major companies operating in the Space Power Electronics Market. Read More

Which is the fastest growing region in Space Power Electronics Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Space Power Electronics Market?

In 2024, the North America accounts for the largest market share in Space Power Electronics Market. Read More

What years does this Space Power Electronics Market cover, and what was the market size in 2023?

In 2023, the Space Power Electronics Market size was estimated at USD 273.32 million. The report covers the Space Power Electronics Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Space Power Electronics Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Space Power Electronics Market Size & Share Analysis - Industry Research Report

SPACE POWER ELECTRONICS MARKET SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS (2024 - 2029)

The Space Power Electronics Market Report is Segmented by Type (Radiation-Hardened and Radiation-Tolerant), Platform (Satellites, Spacecraft and Launch Vehicles, and Others), Application (Communication, Earth Observation, Navigation, Global Positioning System (GPS) and Surveillance, Technology Development and Education, and Others), and Geography (North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa). The Report Offers Market Size and Forecasts for all the Above Segments in Value (USD).

Space Power Electronics Industry Overview

The space power electronics market is consolidated, with key players occupying a significant market share. The major players in this market are BAE Systems PLC, Cobham Limited, Infineon Technologies AG, Texas Instruments Incorporated, and STMicroelectronics NV. These companies are at the forefront of developing powerful electronic devices that can withstand harsh conditions in space, such as extreme temperatures and radiation.

The leading market players are focusing more on acquiring contracts to maintain their market position. This approach is often complemented by introducing innovative products featuring cutting-edge technologies. For instance, in April 2023, ZF signed a multi-year supply agreement with STMicroelectronics for silicon carbide devices. Collaborations have become instrumental in establishing specialized research and development centers dedicated to advancing space power electronics equipment, signifying a robust commitment to innovation and growth in this high-tech field.