Global Space Solar Panel and Array Market Growth 2023-2029

Global Space Solar Panel and Array Market Growth 2023-2029

Solar power generation is the predominant method of power generation on small spacecraft. As of 2020, approximately 85% of all nanosatellite form factor spacecraft were equipped with solar panels and rechargeable batteries. Limitations to solar cell use include diminished efficacy in deep-space applications, no generation during eclipse periods, degradation over mission lifetime (due to aging and radiation), high surface area, mass, and cost. In order to pack more solar cells into limited volume in SmallSats and NanoSats, mechanical deployment mechanisms can be added, which may increase spacecraft design complexity, reliability, as well as risks. Photovoltaic cells, or solar cells, are made from thin semiconductor wafers that produce electric current when exposed to light. The light available to a spacecraft solar array, also called solar intensity, varies as the inverse square of the distance from the Sun. The projected surface area of the panels exposed to the Sun also affects generation, and varies as a cosine of the angle between said panel and the Sun.While single junction cells are cheap to manufacture, they carry a relatively low efficiency, usually less than 20%, and are not included in this report. Modern spacecraft designers favor multi-junction solar cells made from multiple layers of light-absorbing materials that efficiently convert specific wavelength regions of the solar spectrum into energy, thereby using a wider spectrum of solar radiation.The Space Solar Panel and Array industry can be broken down into several segments, Space Solar Panel, Space Solar Array, etc.
LPI (LP Information)' newest research report, the “Space Solar Panel and Array Industry Forecast” looks at past sales and reviews total world Space Solar Panel and Array sales in 2022, providing a comprehensive analysis by region and market sector of projected Space Solar Panel and Array sales for 2023 through 2029. With Space Solar Panel and Array sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Space Solar Panel and Array industry.
This Insight Report provides a comprehensive analysis of the global Space Solar Panel and Array landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Space Solar Panel and Array portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Space Solar Panel and Array market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Space Solar Panel and Array 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 Solar Panel and Array.
The global Space Solar Panel and Array market size is projected to grow from US$ 193.7 million in 2022 to US$ 646 million in 2029; it is expected to grow at a CAGR of 646 from 2023 to 2029.
Global key players of Space Solar Panel and Array are SolAero Technologies, Spectrolab, DHV Technology, GomSpace, ISISPACE, etc. Among them, SolAero Technologies is the biggest manufacturer with a share of over 50%. North America is the largest market who makes up a share of over 50%.
This report presents a comprehensive overview, market shares, and growth opportunities of Space Solar Panel and Array market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Space Solar Panel
Space Solar Array
Segmentation by application
Large Spacecraft
Small Spacecraft
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.
SolAero Technologies
Spectrolab
DHV Technology
GomSpace
ISISPACE
NanoAvionics
MMA Design
Pumpkin
Key Questions Addressed in this Report
What is the 10-year outlook for the global Space Solar Panel and Array market?
What factors are driving Space Solar Panel and Array market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Space Solar Panel and Array market opportunities vary by end market size?
How does Space Solar Panel and Array break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

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