The Worldwide Space Power Electronics Industry is Expected to Reach $435 Million by 2026 – PR Newswire

DUBLIN, May 3, 2022 /PRNewswire/ -- The "Global Space Power Electronics Market by Device Type (Power Discrete, Power Module, Power IC), Application (Satellites, Spacecraft & Launch Vehicles, Space Stations, Rovers), Platform, Voltage, Current, Material and Region - Forecast to 2026" report has been added to ResearchAndMarkets.com's offering.

The Space power electronics market is projected to grow from USD 205 million in 2021 to USD 435 million by 2026, at a CAGR of 16.2%.

Space power electronics is the application of electronics on satellites, spacecraft, launch vehicles, space stations and rovers to control and convert electric power from one form to other. It deals with the processing of high voltages and currents to deliver power that supports a variety of needs. According to the National Aeronautics and Space Administration, a power electronic system can comprise a modular power electronic subsystem (PESS) connected to a source and load at its input and output power ports, respectively. Semiconductor devices such as metal-oxide semiconductor field effect transistors (MOSFET), insulated gate bipolar transistors (IGBT), mos-controlled thyristor (MCT), and gate-turn-off thyristors (GTO) represent the cornerstone of modem power electronic converters.

Based on device type, the power IC segment is expected to lead the space power electronics market from 2021 to 2026

Power ICs are integrated circuits that include multiple power rails and power management functions within a single chip. Power ICs are frequently used to power small, battery-operated devices since the integration of multiple functions into a single chip result in more efficient use of space and system power. Functions commonly integrated into a PMIC include voltage converters and regulators, battery chargers, battery fuel gauges, LED drivers, real-time clocks, power sequencers, and power control. The Power ICs consist of Power Management ICs and Application Specific ICs.

Based on application, the satellite segment is expected to lead the space power electronics market from 2021 to 2026

Satellites are increasingly being adopted in modern communication technologies. The introduction of wireless satellite internet and development of miniature hardware systems are exploiting numerous opportunities in the field of satellite-enabled communication. Over the past decade, there has been an explosion of activity in the small satellite world, driven by technology breakthroughs, industry commercialization, and private investments. There is a growing demand for space exploration, which enables small satellites to achieve attitude and orbit control, orbital transfers, and end-of-life deorbiting. Miniaturization of power electronic technologies are performing very well for CubeSats. Also, rapid growth in the NewSpace industry has led to the greater use of modular components like miniaturized rad-hard MOSFETs, gate drivers, DC-DC converters and solid-state relays.

Based on region, North America is expected to lead the space power electronics market from 2021 to 2026. The US is a lucrative market for space power electronics in the North American region. The US government is increasingly investing in advanced space power electronics technologies to enhance the quality and effectiveness of satellite communication, deep space exploration. The increasing investment on satellite equipment to enhance defense and surveillance capabilities of the armed forces, modernization of existing communication in military platforms, critical infrastructure and law enforcement agencies using satellite systems, are key factors expected to drive the space power electronics market in North America. Boeing-manufactured O3b mPOWER satellites are widely using radiation-fault-tolerant DC-DC converter power modules for better power conversion

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights4.1 Attractive Growth Opportunities in Space Power Electronics Market4.2 Space Power Electronics Market, by Device Type4.3 Space Power Electronics Market, by Voltage4.4 Space Power Electronics Market, by Current4.5 Space Power Electronics Market, by Platform4.6 Space Power Electronics Market, by Application4.7 Space Power Electronics Market, by Material4.8 Space Power Electronics Market, by Country

5 Market Overview5.1 Introduction5.2 Market Dynamics5.2.1 Drivers5.2.1.1 Increasing Demand for Wide Bandgap Materials Such as Silicon Carbide (Sic) and Gallium Nitride (Gan)5.2.1.2 Increasing Demand for Small Satellites5.2.1.3 Advancements in Power Semiconductor Switch Technology5.2.1.4 Use of Gan Amplifiers for Space Applications5.2.1.5 Increasing Investments by Venture Capitalists in Space Exploration Missions5.2.2 Restraints5.2.2.1 Government Policies Related to Spacecraft5.2.2.2 Complex Design and Integration Process5.2.2.3 High Costs of Development and Designing5.2.3 Opportunities5.2.3.1 Miniaturization of Space Dc-Dc Converters5.2.3.2 Development of Advanced Power Electronic Components5.2.3.3 Increasing Use of Cots Products in Satellites and Other Space Applications5.2.4 Challenges5.2.4.1 Hazards due to Harsh Conditions in Space5.2.4.2 Development of Low-Noise Performance Dc-Dc Converters5.2.4.3 Converter Interaction Challenge5.2.4.4 Customized Requirements of High-End Consumers5.3 Impact of COVID-19 on Space Power Electronics Market5.4 Ranges and Scenarios5.5 Trends/Disruption Impacting Customer Business5.5.1 Revenue Shift & New Revenue Pockets for Space Power Electronics Market5.6 Value Chain Analysis5.6.1 R&D5.6.2 Manufacturer5.6.3 Assembly & Testing5.6.4 End Use5.7 Pricing Analysis5.7.1 Average Selling Price of Key Players, by Application5.8 Space Power Electronics Market Ecosystem5.8.1 Prominent Companies5.8.2 Private and Small Enterprises5.8.3 Market Ecosystem5.9 Trade Analysis5.9.1 Space Power Electronics Market - Global Forecast to 20265.9.1.1 Import Scenario of Space Power Electronics Market5.9.1.2 Export Scenario of Space Power Electronics Market5.10 Key Conferences & Events in 2022-20235.11 Tariff and Regulatory Landscape5.11.1 Regulatory Bodies, Government Agencies, and Other Organizations5.11.2 North America5.11.3 Europe5.11.3.1 Un Outer Space Treaty5.11.3.2 Developers5.11.4 Asia-Pacific5.11.5 Middle East & Africa5.12 Porter's Five Forces Analysis5.13 Key Stakeholders & Buying Criteria5.13.1 Key Stakeholders in Buying Process5.13.2 Buying Criteria

6 Industry Trends6.1 Introduction6.2 Technology Trends6.2.1 Radiation-Hardened Gallium Nitride Power Devices6.2.2 Low Power Dc/Dc Converter Modules6.2.3 Modular Electric Power Systems6.2.4 Machine Learning-Powered Analytics6.3 Technology Analysis6.3.1 Silicon Carbide6.3.2 Field Programmable Gate Arrays6.3.3 Swap - Size, Weight, and Power6.4 Patent Analysis6.5 Use Cases6.5.1 Use Case: Solar Array Panels for Power Generation in Satellites6.5.2 Use Case: Satellite Radiation Hardness Test6.5.3 Use Case: Cubesats for Interplanetary Missions6.6 Impact of Megatrends6.6.1 Development of New-Generation Cubesats for Lunar Exploration6.6.2 Use of Radiation Hardened Power Electronics in Space6.6.3 Convergence of Traditional and New Space Electronics Solutions

7 Space Power Electronics Market, by Device Type7.1 Introduction7.2 Power Discrete7.2.1 Diodes7.2.1.1 High Demand for Silicon Carbide Power Diodes in Solar Panels on Satellites7.2.2 Transistors7.2.2.1 Gan Transistors Widely Used for Earth Observation Satellites and Satellite Internet7.3 Power Module7.3.1 Intelligent Power Module (Ipm)7.3.1.1 Increasing Use of Cots-Based Ipm Lowers Space Mission Costs7.3.2 Standard and Integrated Power Modules (Mosfets, Igbt)7.3.2.1 Increasing Use of Radiation Hardened Power Mosfets in Satellites, Spacecraft, and Space Stations7.4 Power Ic7.4.1 Power Management Ic7.4.1.1 Key Focus on Developing Cubesats for Communication and Testing Emerging Technologies7.4.2 Application-Specific Ic7.4.2.1 Increased Investments in Satellites Help Develop More Application-Specific Ics

8 Space Power Electronics Market, by Platform8.1 Introduction8.2 Power8.2.1 Demand for High Efficiency Electrical Power and Distribution Systems on the Rise8.3 Command & Data Handling8.3.1 Increasing Demand for Low Power Consumption Command & Data Handling for Nanosatellites8.4 Attitude Determination & Control System (Adcs)8.4.1 Demand for High Efficiency Radiation Hardened Interface for Adcs8.5 Propulsion8.5.1 Need for Innovative Power Systems for Electrical Propulsion8.6 Telemetry Tracking & Command System (Tt&C)8.6.1 Increasing Satellite Launches Increases Demand for Tt&C8.7 Structure8.7.1 Development of Multi-Functional Structures - Key Driver8.8 Thermal System8.8.1 Critical to Maintaining Optimal Temperature in Spacecraft

9 Space Power Electronics Market, by Application9.1 Introduction9.2 Satellites9.2.1 Increasing Deployment of Cubesats in Interplanetary Missions Boosts Segment9.3 Spacecraft & Launch Vehicles9.3.1 Use of Reusable Launch Vehicles Reduces Space Mission Costs9.4 Rovers9.4.1 Space-Grade Mosfets, Ics in Rovers Widely Used for Deep Space Exploration9.5 Space Stations9.5.1 Launch of Crewed Spacecraft to International Space Station Fuels Growth

10 Space Power Electronics Market, by Voltage10.1 Introduction10.2 Low Voltage (Below 28V)10.2.1 Segment Driven by Use of Gan Field-Effect Transistors (Fet) in Small Satellites10.3 Medium Voltage (28V - 80V)10.3.1 Increasing Use of Modular Electric Power Systems Boosts Segment10.4 High Voltage (Above 80V)10.4.1 Increasing Use of High Voltage Power Modules Fuels Growth

11 Space Power Electronics Market, by Current11.1 Introduction11.2 Up to 25 A11.2.1 Increasing Launch of Deep-Space Exploration Missions Boosts Segment11.3 25-50 A11.3.1 Rapid Miniaturization of Payloads Facilitates Use of Satellites for Science Missions11.4 Over 50 A11.4.1 Need for High-Density Power to Maintain 'New Space' Growth

12 Space Power Electronics Market, by Material12.1 Introduction12.2 Silicon12.2.1 Performance, Reliability, and Flight Heritage Drive Silicon Mosfet Usage12.3 Silicon Carbide12.3.1 Used to Reduce Spacecraft Mass and Increase Functional Capacity12.4 Gallium Nitride12.4.1 Used to Power Various Deep-Space Applications12.5 Others

13 Regional Analysis

14 Competitive Landscape14.1 Introduction14.2 Company Overview14.3 Ranking Analysis of Key Players in Space Power Electronics Market,202114.4 Revenue Analysis,202114.5 Market Share Analysis,202114.6 Competitive Evaluation Quadrant14.6.1 Star14.6.2 Emerging Leader14.6.3 Pervasive14.6.4 Participant14.7 Startup/Sme Evaluation Quadrant14.7.1 Progressive Company14.7.2 Responsive Company14.7.3 Starting Block14.7.4 Dynamic Company14.7.4.1 Competitive Benchmarking14.8 Competitive Scenario

15 Company Profiles15.1 Introduction15.2 Key Players15.2.1 Infineon Technologies15.2.2 Texas Instruments Incorporated15.2.3 Stmicroelectronics15.2.4 Onsemi15.2.5 Renesas Electronics Corporation15.2.6 Bae Systems plc15.2.7 Analog Devices, Inc.15.2.8 Vishay Intertechnology, Inc.15.2.9 Nxp Semiconductors15.2.10 Crane Co.15.2.11 Heico Corporation15.2.12 Microchip Technology Inc.15.2.13 Cobham Limited15.2.14 Airbus15.2.15 Ruag Group15.3 Other Players15.3.1 Epc Space LLC15.3.2 Alphacore Inc.15.3.3 Gomspace: Company Overview15.3.4 Gan Systems Inc.15.3.5 Api Technologies15.3.6 Wolfspeed Inc.15.3.7 Tt Electronics15.3.8 Terma Group15.3.9 Vicor Corporation15.3.10 Solid State Devices, Inc.

16 Appendix

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The Worldwide Space Power Electronics Industry is Expected to Reach $435 Million by 2026 - PR Newswire