The global space power electronics market is anticipated to grow at a significant CAGR during the forecast period. The increasing need for reliable, safe, and powerful electrical supply due to the growing capabilities and dependence on satellites for both civil and military uses is boosting the demand for better space power electronics. The major factor driving the growth of the global space power electronics market during the forecast period is the increasing technological advancements across the globe.
Furthermore, the growth of the market is can also be attributed to the shifting focus of the industry on developing high-efficient, low weight power supply products. Additionally, the technological advancements in semiconductor switches and regulators are further boosting the growth of the global space power electronics market during the forecast period.
The major companies serving the global space power electronics market include Infineon Technologies, Onsemi, Renesas Electronics Corp., STMicroelectronics, and Texas Instruments Inc., among others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers & acquisitions, partnerships and collaborations, and geographical expansion, to stay competitive in the market. For instance, in December 2021, Microchip Technology announced the expansion of its Gallium Nitride (GaN) Radio Frequency (RF) power device portfolio. The company launched new MMICs and discrete transistors that cover frequencies up to 20 gigahertz (GHz) as well as combine high power-added efficiency (PAE) and high linearity to deliver new levels of performance in applications that range from 5G to electronic warfare, satellite communications, commercial & defense radar systems, and test equipment.
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Market Coverage
- The market number available for – 2022-2029
- Base year- 2022
- Forecast period- 2023-2029
Segment Covered-
- By Device Type
- By Application
- By Platform Type
- By Voltage
Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- Infineon Technologies, Onsemi, Renesas Electronics Corp., STMicroelectronics, and Texas Instruments Inc., among others.
Space Power Electronics Market Report by Segment
By Device Type
- Power Discrete
- Power Module
- Power IC
By Application
- Satellite
- Spacecraft & Launch Vehicle
- Rovers
- Space stations
By Platform type
- Power
- Command and data handling
- ADCS
- Propulsion
- TT&C
- Structure
- Thermal system
By Voltage
- Low Voltage
- Medium Voltage
- High Voltage
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Space Power Electronics Market Report by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
- Latin America
- Middle East & Africa
Company Profiles
- Analog Devices, Inc.
- AIRBUS
- BAE Systems PLC
- Cobham Ltd.
- CRANE CO.
- HEICO Corp.
- MICROCHIP TECHNOLOGY INC.
- NXP Semiconductors
- RUAG Group
- Vishay Intertechnology, Inc.
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