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 - Global Forecast to 2026

Abstract
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.

Major manufacturers in this market are based in North America and Europe. Infineon Technologies (Germany), Texas Instrument Incorporated US), STMicroelectronics (Switzerland), Onsemi (US), Renesas Electronics Corporation (Japan) are among a few leading players operating in the space power electronics market.

The COVID-19 pandemic has caused significant damage to the economic activities of countries across the world. The manufacturing of space power electronics, subsystems, and components has also been impacted. Although satellite systems are critically important, disruptions in the supply chain have halted their manufacturing processes for the time being. Resuming manufacturing activities depends on the level of COVID-19 exposure, the level at which manufacturing operations are running, and import-export regulations, among other factors. While companies may still be taking in orders, delivery schedules may not be fixed.

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

The break-up of the profile of primary participants in the space power electronics market:
•By Company Type: Tier 1 – 35%, Tier 2 – 45%, and Tier 3 – 20%
•By Designation: C Level – 35%, Director Level – 25%, and Others – 40%
•By Region: North America – 30%, Europe – 20%, Asia Pacific – 25%, Rest of the World – 25%.

Research Coverage:
This market study covers space power electronics market across various segments and subsegments. It aims at estimating the size and growth potential of this market across different segments based on Device Type, Application, Platform Type, Voltage, Current, Material and Region. This study also includes an in-depth competitive analysis of the key players in the market, along with their company profiles, key observations related to their product and business offerings, recent developments undertaken by them, and key market strategies adopted by them.

Reasons to buy this report:
The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall space power electronics market. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and to plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.

The report provides insights on the following pointers:
•Market Penetration: Comprehensive information on space power electronics offered by the top players in the market
•Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the space power electronics market
•Market Development: Comprehensive information about lucrative markets – the report analyses the space power electronics market across varied regions
•Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the space power electronics market
•Competitive Assessment: In-depth assessment of market shares, growth strategies, products, and manufacturing capabilities of leading players in the space power electronics market

Content
Table of Contents

1INTRODUCTION30
1.1OBJECTIVES OF THE STUDY30
1.2MARKET DEFINITION30
1.3STUDY SCOPE31
1.3.1MARKETS COVERED31
1.3.2REGIONAL SCOPE31
1.3.3YEARS CONSIDERED FOR THE STUDY32
1.4CURRENCY & PRICING32
1.5USD EXCHANGE RATES32
1.6LIMITATIONS33
1.7INCLUSIONS & EXCLUSIONS33
1.8STAKEHOLDERS33
2RESEARCH METHODOLOGY35
2.1RESEARCH DATA35
FIGURE 1RESEARCH PROCESS FLOW35
FIGURE 2RESEARCH DESIGN36
2.1.1SECONDARY DATA36
2.1.1.1Key data from secondary sources37
2.1.2PRIMARY DATA37
2.1.2.1Key data from primary sources38
2.1.2.2Key primary sources39
2.2FACTOR ANALYSIS39
2.2.1INTRODUCTION39
2.2.2DEMAND-SIDE INDICATORS40
2.3RESEARCH APPROACH AND METHODOLOGY40
2.3.1BOTTOM-UP APPROACH41
FIGURE 3MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH41
TABLE 1MARKET SIZE ESTIMATION & METHODOLOGY41
2.3.1.1Regional split of space power electronics market42
2.3.2TOP-DOWN APPROACH42
FIGURE 4MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH43
2.3.2.1COVID-19 impact on space power electronics market43
2.4DATA TRIANGULATION43
FIGURE 5DATA TRIANGULATION44
2.5RESEARCH ASSUMPTIONS45
2.6LIMITATIONS45
2.7RISKS45
3EXECUTIVE SUMMARY46
FIGURE 6POWER IC SEGMENT PROJECTED TO LEAD MARKET46
FIGURE 7LOW VOLTAGE SEGMENT PROJECTED TO DOMINATE MARKET47
FIGURE 8UP TO 25 A SEGMENT PROJECTED TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD47
FIGURE 9POWER SEGMENT PROJECTED TO LEAD DURING FORECAST PERIOD48
FIGURE 10SATELLITES SEGMENT PROJECTED TO COMMAND LARGEST SHARE DURING FORECAST PERIOD48
FIGURE 11SILICON SEGMENT PROJECTED TO HOLD MAJOR SHARE DURING FORECAST PERIOD49
FIGURE 12US TO ACCOUNT FOR LOWEST CAGR DURING FORECAST PERIOD49
4PREMIUM INSIGHTS50
4.1ATTRACTIVE GROWTH OPPORTUNITIES IN SPACE POWER ELECTRONICS MARKET50
FIGURE 13INCREASING DEMAND FOR WIDE BANDGAP MATERIALS DRIVES MARKET50
4.2SPACE POWER ELECTRONICS MARKET, BY DEVICE TYPE50
FIGURE 14POWER IC SEGMENT PROJECTED TO LEAD DURING FORECAST PERIOD50
4.3SPACE POWER ELECTRONICS MARKET, BY VOLTAGE51
FIGURE 15LOW VOLTAGE SEGMENT PROJECTED TO DOMINATE DURING FORECAST PERIOD51
4.4SPACE POWER ELECTRONICS MARKET, BY CURRENT51
FIGURE 16UP TO 25 A SEGMENT PROJECTED TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD51
4.5SPACE POWER ELECTRONICS MARKET, BY PLATFORM52
FIGURE 17POWER SEGMENT PROJECTED TO LEAD DURING FORECAST PERIOD52
4.6SPACE POWER ELECTRONICS MARKET, BY APPLICATION52
FIGURE 18SATELLITES SEGMENT PROJECTED TO LEAD DURING FORECAST PERIOD52
4.7SPACE POWER ELECTRONICS MARKET, BY MATERIAL53
FIGURE 19SILICON SEGMENT PROJECTED TO HOLD LARGEST SHARE DURING FORECAST PERIOD53
4.8SPACE POWER ELECTRONICS MARKET, BY COUNTRY53
FIGURE 20AUSTRALIA PROJECTED TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD53
5MARKET OVERVIEW54
5.1INTRODUCTION54
5.2MARKET DYNAMICS55
FIGURE 21SPACE POWER ELECTRONICS MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES55
5.2.1DRIVERS55
5.2.1.1Increasing demand for wide bandgap materials such as silicon carbide (SiC) and gallium nitride (GaN)55
5.2.1.2Increasing demand for small satellites56
TABLE 2KEY INFORMATION ON LEO AND MEO CONSTELLATIONS (OPERATIONAL)56
TABLE 3KEY INFORMATION ON LEO AND MEO CONSTELLATIONS (DEVELOPMENT)56
5.2.1.3Advancements in power semiconductor switch technology57
5.2.1.4Use of GaN amplifiers for space applications57
5.2.1.5Increasing investments by venture capitalists in space exploration missions57
5.2.2RESTRAINTS58
5.2.2.1Government policies related to spacecraft58
5.2.2.2Complex design and integration process58
5.2.2.3High costs of development and designing58
5.2.3OPPORTUNITIES59
5.2.3.1Miniaturization of space DC-DC converters59
5.2.3.2Development of advanced power electronic components59
5.2.3.3Increasing use of COTS products in satellites and other space applications59
5.2.4CHALLENGES59
5.2.4.1Hazards due to harsh conditions in space59
5.2.4.2Development of low-noise performance DC-DC converters60
5.2.4.3Converter interaction challenge60
5.2.4.4Customized requirements of high-end consumers60
5.3IMPACT OF COVID-19 ON SPACE POWER ELECTRONICS MARKET60
FIGURE 22IMPACT OF COVID-19 ON SPACE POWER ELECTRONICS MARKET61
5.4RANGES AND SCENARIOS62
FIGURE 23PESSIMISTIC, REALISTIC, AND OPTIMISTIC SCENARIOS OF SPACE POWER ELECTRONICS MARKET WITH REGARDS TO COVID-19 PANDEMIC:62
5.5TRENDS/DISRUPTION IMPACTING CUSTOMER BUSINESS63
5.5.1REVENUE SHIFT & NEW REVENUE POCKETS FOR SPACE POWER ELECTRONICS MARKET63
FIGURE 24REVENUE SHIFT FOR SPACE POWER ELECTRONICS MARKET PLAYERS63
5.6VALUE CHAIN ANALYSIS64
FIGURE 25VALUE CHAIN ANALYSIS64
5.6.1R&D64
5.6.2MANUFACTURER64
5.6.3ASSEMBLY & TESTING64
5.6.4END USE65
5.7PRICING ANALYSIS65
5.7.1AVERAGE SELLING PRICE OF KEY PLAYERS, BY APPLICATION65
FIGURE 26AVERAGE SELLING PRICES OF KEY PLAYERS FOR TOP 3 APPLICATIONS65
TABLE 4AVERAGE SELLING PRICES OF KEY PLAYERS FOR TOP 3 APPLICATIONS (USD)65
5.8SPACE POWER ELECTRONICS MARKET ECOSYSTEM66
5.8.1PROMINENT COMPANIES66
5.8.2PRIVATE AND SMALL ENTERPRISES66
5.8.3MARKET ECOSYSTEM66
FIGURE 27SPACE POWER ELECTRONICS MARKET ECOSYSTEM MAP66
TABLE 5SPACE POWER ELECTRONICS MARKET ECOSYSTEM67
5.9TRADE ANALYSIS68
5.9.1SPACE POWER ELECTRONICS MARKET – GLOBAL FORECAST TO 202668
5.9.1.1Import Scenario of space power electronics market68
TABLE 6IMPORT VALUE OF AIRCRAFT AND SPACECRAFT SPARE PARTS (PRODUCT HARMONIZED SYSTEM CODE: 8803) (USD THOUSAND)68
5.9.1.2Export scenario of space power electronics market68
TABLE 7EXPORT VALUE OF AIRCRAFT AND SPACECRAFT SPARE PARTS (PRODUCT HARMONIZED SYSTEM CODE: 8803) (USD THOUSAND)69
5.10KEY CONFERENCES & EVENTS IN 2022-202369
TABLE 8SPACE POWER ELECTRONICS MARKET: CONFERENCES & EVENTS69
5.11TARIFF AND REGULATORY LANDSCAPE72
5.11.1REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS72
TABLE 9NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS72
TABLE 10EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,
AND OTHER ORGANIZATIONS72
TABLE 11ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,
AND OTHER ORGANIZATIONS73
5.11.2NORTH AMERICA73
5.11.3EUROPE73
5.11.3.1UN Outer Space Treaty73
5.11.3.2Developers74
5.11.4ASIA PACIFIC74
5.11.5MIDDLE EAST & AFRICA74
5.12PORTER’S FIVE FORCES ANALYSIS75
TABLE 12SPACE POWER ELECTRONICS: PORTER’S FIVE FORCE ANALYSIS75
FIGURE 28POSTER FIVE FORCES ANALYSIS: SPACE POWER ELECTRONICS MARKET75
5.12.1THREAT OF NEW ENTRANTS76
5.12.2THREAT OF SUBSTITUTES76
5.12.3BARGAINING POWER OF SUPPLIERS76
5.12.4BARGAINING POWER OF BUYERS77
5.12.5INTENSITY OF COMPETITIVE RIVALRY77
5.13KEY STAKEHOLDERS & BUYING CRITERIA77
5.13.1KEY STAKEHOLDERS IN BUYING PROCESS77
FIGURE 29INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR TOP 3 APPLICATIONS77
TABLE 13INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR TOP 3 APPLICATIONS (%)78
5.13.2BUYING CRITERIA78
FIGURE 30KEY BUYING CRITERIA FOR TOP 3 APPLICATIONS78
TABLE 14KEY BUYING CRITERIA FOR TOP 3 APPLICATIONS78
 
6INDUSTRY TRENDS79
6.1INTRODUCTION79
6.2TECHNOLOGY TRENDS79
6.2.1RADIATION-HARDENED GALLIUM NITRIDE POWER DEVICES79
6.2.2LOW POWER DC/DC CONVERTER MODULES79
6.2.3MODULAR ELECTRIC POWER SYSTEMS79
6.2.4MACHINE LEARNING-POWERED ANALYTICS80
6.3TECHNOLOGY ANALYSIS80
6.3.1SILICON CARBIDE80
6.3.2FIELD PROGRAMMABLE GATE ARRAYS80
6.3.3SWAP - SIZE, WEIGHT, AND POWER81
6.4PATENT ANALYSIS81
TABLE 15PATENTS RELATED TO SPACE POWER ELECTRONICS GRANTED BETWEEN 2017 AND 202181
6.5USE CASES82
6.5.1USE CASE: SOLAR ARRAY PANELS FOR POWER GENERATION IN SATELLITES82
6.5.2USE CASE: SATELLITE RADIATION HARDNESS TEST83
6.5.3USE CASE: CUBESATS FOR INTERPLANETARY MISSIONS83
6.6IMPACT OF MEGATRENDS84
6.6.1DEVELOPMENT OF NEW-GENERATION CUBESATS FOR LUNAR EXPLORATION84
6.6.2USE OF RADIATION HARDENED POWER ELECTRONICS IN SPACE85
6.6.3CONVERGENCE OF TRADITIONAL AND NEW SPACE ELECTRONICS SOLUTIONS85
7SPACE POWER ELECTRONICS MARKET, BY DEVICE TYPE86
7.1INTRODUCTION87
FIGURE 31POWER IC SEGMENT TO COMMAND LARGEST SHARE DURING FORECAST PERIOD87
TABLE 16SPACE POWER ELECTRONICS MARKET, BY DEVICE TYPE,
2018–2020 (USD MILLION)87
TABLE 17SPACE POWER ELECTRONICS MARKET, BY DEVICE TYPE,
2021–2026 (USD MILLION)88
7.2POWER DISCRETE88
7.2.1DIODES88
7.2.1.1High demand for silicon carbide power diodes in solar panels on satellites88
7.2.2TRANSISTORS88
7.2.2.1GaN transistors widely used for Earth observation satellites and satellite internet88
7.3POWER MODULE89
7.3.1INTELLIGENT POWER MODULE (IPM)89
7.3.1.1Increasing use of COTS-based IPM lowers space mission costs89
7.3.2STANDARD AND INTEGRATED POWER MODULES (MOSFETS, IGBT)89
7.3.2.1Increasing use of radiation hardened power MOSFETs in satellites, spacecraft, and space stations89
7.4POWER IC90
7.4.1POWER MANAGEMENT IC90
7.4.1.1Key focus on developing CubeSats for communication and testing emerging technologies90
7.4.2APPLICATION-SPECIFIC IC90
7.4.2.1Increased investments in satellites help develop more application-specific ICs90
8SPACE POWER ELECTRONICS MARKET, BY PLATFORM91
8.1INTRODUCTION92
FIGURE 32COMMAND & DATA HANDLING SEGMENT PROJECTED TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD92
TABLE 18SPACE POWER ELECTRONICS MARKET, BY PLATFORM,
2018–2020 (USD MILLION)92
TABLE 19SPACE POWER ELECTRONICS MARKET, BY PLATFORM,
2021–2026 (USD MILLION)93
8.2POWER93
8.2.1DEMAND FOR HIGH EFFICIENCY ELECTRICAL POWER AND DISTRIBUTION SYSTEMS ON THE RISE93
8.3COMMAND & DATA HANDLING94
8.3.1INCREASING DEMAND FOR LOW POWER CONSUMPTION COMMAND & DATA HANDLING FOR NANOSATELLITES94
8.4ATTITUDE DETERMINATION & CONTROL SYSTEM (ADCS)94
8.4.1DEMAND FOR HIGH EFFICIENCY RADIATION HARDENED INTERFACE FOR ADCS94
8.5PROPULSION94
8.5.1NEED FOR INNOVATIVE POWER SYSTEMS FOR ELECTRICAL PROPULSION94
8.6TELEMETRY TRACKING & COMMAND SYSTEM (TT&C)95
8.6.1INCREASING SATELLITE LAUNCHES INCREASES DEMAND FOR TT&C95
8.7STRUCTURE95
8.7.1DEVELOPMENT OF MULTI-FUNCTIONAL STRUCTURES – KEY DRIVER95
8.8THERMAL SYSTEM95
8.8.1CRITICAL TO MAINTAINING OPTIMAL TEMPERATURE IN SPACECRAFT95
9SPACE POWER ELECTRONICS MARKET, BY APPLICATION97
9.1INTRODUCTION98
FIGURE 33SPACECRAFT & LAUNCH VEHICLES TO GROW FASTEST DURING FORECAST PERIOD98
TABLE 20SPACE POWER ELECTRONICS MARKET, BY APPLICATION,
2018–2020 (USD MILLION)98
TABLE 21SPACE POWER ELECTRONICS MARKET, BY APPLICATION,
2021–2026 (USD MILLION)99
9.2SATELLITES99
9.2.1INCREASING DEPLOYMENT OF CUBESATS IN INTERPLANETARY MISSIONS BOOSTS SEGMENT99
9.3SPACECRAFT & LAUNCH VEHICLES99
9.3.1USE OF REUSABLE LAUNCH VEHICLES REDUCES SPACE MISSION COSTS99
9.4ROVERS100
9.4.1SPACE-GRADE MOSFETS, ICS IN ROVERS WIDELY USED FOR DEEP SPACE EXPLORATION100
9.5SPACE STATIONS100
9.5.1LAUNCH OF CREWED SPACECRAFT TO INTERNATIONAL SPACE STATION FUELS GROWTH100
10SPACE POWER ELECTRONICS MARKET, BY VOLTAGE102
10.1INTRODUCTION103
FIGURE 34LOW VOLTAGE SEGMENT PROJECTED TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD103
TABLE 22SPACE POWER ELECTRONICS MARKET, BY VOLTAGE,
2018–2020 (USD MILLION)103
TABLE 23SPACE POWER ELECTRONICS MARKET, BY VOLTAGE,
2021–2026 (USD MILLION)103
10.2LOW VOLTAGE (BELOW 28V)104
10.2.1SEGMENT DRIVEN BY USE OF GAN FIELD-EFFECT TRANSISTORS (FET) IN SMALL SATELLITES104
10.3MEDIUM VOLTAGE (28V – 80V)104
10.3.1INCREASING USE OF MODULAR ELECTRIC POWER SYSTEMS BOOSTS SEGMENT104
10.4HIGH VOLTAGE (ABOVE 80V)104
10.4.1INCREASING USE OF HIGH VOLTAGE POWER MODULES FUELS GROWTH104
11SPACE POWER ELECTRONICS MARKET, BY CURRENT105
11.1INTRODUCTION106
FIGURE 35UP TO 25A SEGMENT TO DOMINATE DURING FORECAST PERIOD106
TABLE 24SPACE POWER ELECTRONICS MARKET, BY CURRENT,
2018–2020 (USD MILLION)106
TABLE 25SPACE POWER ELECTRONICS MARKET, BY CURRENT,
2021–2026 (USD MILLION)106
11.2UP TO 25 A107
11.2.1INCREASING LAUNCH OF DEEP-SPACE EXPLORATION MISSIONS BOOSTS SEGMENT107
11.325–50 A107
11.3.1RAPID MINIATURIZATION OF PAYLOADS FACILITATES USE OF SATELLITES FOR SCIENCE MISSIONS107
11.4OVER 50 A108
11.4.1NEED FOR HIGH-DENSITY POWER TO MAINTAIN ‘NEW SPACE’ GROWTH108
12SPACE POWER ELECTRONICS MARKET, BY MATERIAL109
12.1INTRODUCTION110
FIGURE 36SILICON SEGMENT TO LEAD DURING FORECAST PERIOD110
TABLE 26SPACE POWER ELECTRONICS MARKET, BY MATERIAL,
2018–2020 (USD MILLION)110
TABLE 27SPACE POWER ELECTRONICS MARKET, BY MATERIAL,
2021–2026 (USD MILLION)111
12.2SILICON111
12.2.1PERFORMANCE, RELIABILITY, AND FLIGHT HERITAGE DRIVE SILICON MOSFET USAGE111
12.3SILICON CARBIDE111
12.3.1USED TO REDUCE SPACECRAFT MASS AND INCREASE FUNCTIONAL CAPACITY111
12.4GALLIUM NITRIDE112
12.4.1USED TO POWER VARIOUS DEEP-SPACE APPLICATIONS112
12.5OTHERS112
13REGIONAL ANALYSIS113
13.1INTRODUCTION114
13.2COVID-19 IMPACT114
TABLE 28SPACE POWER ELECTRONICS MARKET, BY REGION,
2018–2020 (USD MILLION)115
TABLE 29SPACE POWER ELECTRONICS MARKET, BY REGION,
2021–2026 (USD MILLION)115
13.3NORTH AMERICA115
13.3.1NORTH AMERICA: COVID-19 IMPACT115
13.3.2PESTLE ANALYSIS: NORTH AMERICA116
FIGURE 37NORTH AMERICA: SPACE POWER ELECTRONICS MARKET SNAPSHOT117
TABLE 30NORTH AMERICA: SPACE POWER ELECTRONICS MARKET, BY DEVICE TYPE, 2018–2020 (USD MILLION)117
TABLE 31NORTH AMERICA: SPACE POWER ELECTRONICS MARKET, BY DEVICE TYPE, 2021–2026 (USD MILLION)118
TABLE 32NORTH AMERICA: SPACE POWER ELECTRONICS MARKET, BY APPLICATION, 2018–2020 (USD MILLION)118
TABLE 33NORTH AMERICA: SPACE POWER ELECTRONICS MARKET, BY APPLICATION, 2021–2026 (USD MILLION)118
TABLE 34NORTH AMERICA: SPACE POWER ELECTRONICS MARKET, BY COUNTRY, 2018–2020 (USD MILLION)118
TABLE 35NORTH AMERICA: SPACE POWER ELECTRONICS MARKET, BY COUNTRY, 2021–2026 (USD MILLION)119
13.3.3US119
13.3.3.1Use of radiation-fault-tolerant DC-DC converter power modules in small satellites drives market119
TABLE 36US: SPACE POWER ELECTRONICS MARKET, BY DEVICE TYPE,
2018–2020 (USD MILLION)119
TABLE 37US: SPACE POWER ELECTRONICS MARKET, BY DEVICE TYPE,
2021–2026 (USD MILLION)120
TABLE 38US: SPACE POWER ELECTRONICS MARKET, BY APPLICATION,
2018–2020 (USD MILLION)120
TABLE 39US: SPACE POWER ELECTRONICS MARKET, BY APPLICATION,
2021–2026 (USD MILLION)120
13.3.4CANADA120
13.3.4.1Ongoing developments in planetary exploration to drive market in Canada120
TABLE 40CANADA: SPACE POWER ELECTRONICS MARKET, BY DEVICE TYPE,
2018–2020 (USD MILLION)121
TABLE 41CANADA: SPACE POWER ELECTRONICS MARKET, BY DEVICE TYPE,
2021–2026 (USD MILLION)121
TABLE 42CANADA: SPACE POWER ELECTRONICS MARKET, BY APPLICATION,
2018–2020 (USD MILLION)121
TABLE 43CANADA: SPACE POWER ELECTRONICS MARKET, BY APPLICATION,
2021–2026 (USD MILLION)122
13.4EUROPE122
13.4.1COVID-19 IMPACT ON EUROPE122
13.4.2PESTLE ANALYSIS: EUROPE122
FIGURE 38EUROPE: SPACE POWER ELECTRONICS MARKET SNAPSHOT124
TABLE 44EUROPE: SPACE POWER ELECTRONICS MARKET, BY DEVICE TYPE,
2018–2020 (USD MILLION)124
TABLE 45EUROPE: SPACE POWER ELECTRONICS MARKET, BY DEVICE TYPE,
2021–2026 (USD MILLION)125
TABLE 46EUROPE: SPACE POWER ELECTRONICS MARKET, BY APPLICATION,
2018–2020 (USD MILLION)125
TABLE 47EUROPE: SPACE POWER ELECTRONICS MARKET, BY APPLICATION,
2021–2026 (USD MILLION)125
TABLE 48EUROPE: SPACE POWER ELECTRONICS MARKET, BY COUNTRY,
2018–2020 (USD MILLION)126
TABLE 49EUROPE: SPACE POWER ELECTRONICS MARKET, BY COUNTRY,
2021–2026 (USD MILLION)126
13.4.3RUSSIA126
TABLE 50RUSSIA: SPACE POWER ELECTRONICS MARKET, BY DEVICE TYPE,
2018–2020 (USD MILLION)127
TABLE 51RUSSIA: SPACE POWER ELECTRONICS MARKET, BY DEVICE TYPE,
2021–2026 (USD MILLION)127
TABLE 52RUSSIA: SPACE POWER ELECTRONICS MARKET, BY APPLICATION,
2018–2020 (USD MILLION)127
TABLE 53RUSSIA: SPACE POWER ELECTRONICS MARKET, BY APPLICATION,
2021–2026 (USD MILLION)128
13.4.4GERMANY128
13.4.4.1Increasing budget for space missions to fuel market128
TABLE 54GERMANY: SPACE POWER ELECTRONICS MARKET, BY DEVICE TYPE,
2018–2020 (USD MILLION)128
TABLE 55GERMANY: SPACE POWER ELECTRONICS MARKET, BY DEVICE TYPE,
2021–2026 (USD MILLION)129
TABLE 56GERMANY: SPACE POWER ELECTRONICS MARKET, BY APPLICATION,
2018–2020 (USD MILLION)129
TABLE 57GERMANY: SPACE POWER ELECTRONICS MARKET, BY APPLICATION,
2021–2026 (USD MILLION)129
13.4.5FINLAND129
13.4.5.1Increasing partnerships among local companies to drive market129
TABLE 58FINLAND: SPACE POWER ELECTRONICS MARKET, BY DEVICE TYPE,
2018–2020 (USD MILLION)130
TABLE 59FINLAND: SPACE POWER ELECTRONICS MARKET, BY DEVICE TYPE,
2021–2026 (USD MILLION)130
TABLE 60FINLAND: SPACE POWER ELECTRONICS MARKET, BY APPLICATION,
2018–2020 (USD MILLION)130
TABLE 61FINLAND: SPACE POWER ELECTRONICS MARKET, BY APPLICATION,
2021–2026 (USD MILLION)131
13.4.6UK131
13.4.6.1Partnerships between UK Space Agency, NASA, and others to drive market131
TABLE 62UK: SPACE POWER ELECTRONICS MARKET, BY DEVICE TYPE,
2018–2020 (USD MILLION)131
TABLE 63UK: SPACE POWER ELECTRONICS MARKET, BY DEVICE TYPE,
2021–2026 (USD MILLION)131
TABLE 64UK: SPACE POWER ELECTRONICS MARKET, BY APPLICATION,
2018–2020 (USD MILLION)132
TABLE 65UK: SPACE POWER ELECTRONICS MARKET, BY APPLICATION,
2021–2026 (USD MILLION)132
13.4.7ITALY132
13.4.7.1Increasing number of remote sensing satellites fuels market132
TABLE 66ITALY: SPACE POWER ELECTRONICS MARKET, BY DEVICE TYPE,
2018–2020 (USD MILLION)133
TABLE 67ITALY: SPACE POWER ELECTRONICS MARKET, BY DEVICE TYPE,
2021–2026 (USD MILLION)133
TABLE 68ITALY: SPACE POWER ELECTRONICS MARKET, BY APPLICATION,
2018–2020 (USD MILLION)133
TABLE 69ITALY: SPACE POWER ELECTRONICS MARKET, BY APPLICATION,
2021–2026 (USD MILLION)133
13.4.8REST OF EUROPE134
TABLE 70REST OF EUROPE: SPACE POWER ELECTRONICS MARKET, BY DEVICE TYPE, 2018–2020 (USD MILLION)134
TABLE 71REST OF EUROPE: SPACE POWER ELECTRONICS MARKET, BY DEVICE TYPE, 2021–2026 (USD MILLION)134
TABLE 72REST OF EUROPE: SPACE POWER ELECTRONICS MARKET, BY APPLICATION, 2018–2020 (USD MILLION)135
TABLE 73REST OF EUROPE: SPACE POWER ELECTRONICS MARKET, BY APPLICATION, 2021–2026 (USD MILLION)135
13.5ASIA PACIFIC135
13.5.1COVID-19 IMPACT: ASIA PACIFIC136
13.5.2PESTLE ANALYSIS: ASIA PACIFIC136
FIGURE 39ASIA PACIFIC: SPACE POWER ELECTRONICS MARKET SNAPSHOT137
TABLE 74ASIA PACIFIC: SPACE POWER ELECTRONICS MARKET, BY DEVICE TYPE, 2018–2020 (USD MILLION)138
TABLE 75ASIA PACIFIC: SPACE POWER ELECTRONICS MARKET, BY DEVICE TYPE, 2021–2026 (USD MILLION)138
TABLE 76ASIA PACIFIC: SPACE POWER ELECTRONICS MARKET, BY APPLICATION, 2018–2020 (USD MILLION)138
TABLE 77ASIA PACIFIC: SPACE POWER ELECTRONICS MARKET, BY APPLICATION, 2021–2026 (USD MILLION)138
TABLE 78ASIA PACIFIC: SPACE POWER ELECTRONICS MARKET, BY COUNTRY,
2018–2020 (USD MILLION)139
TABLE 79ASIA PACIFIC: SPACE POWER ELECTRONICS MARKET, BY COUNTRY,
2021–2026 (USD MILLION)139
13.5.3CHINA139
13.5.3.1Advancements in space missions and endeavors like Chinese space station drive market growth139
TABLE 80CHINA: SPACE POWER ELECTRONICS MARKET, BY DEVICE TYPE,
2018–2020 (USD MILLION)140
TABLE 81CHINA: SPACE POWER ELECTRONICS MARKET, BY DEVICE TYPE,
2021–2026 (USD MILLION)140
TABLE 82CHINA: SPACE POWER ELECTRONICS MARKET, BY APPLICATION,
2018–2020 (USD MILLION)140
TABLE 83CHINA: SPACE POWER ELECTRONICS MARKET, BY APPLICATION,
2021–2026 (USD MILLION)140
13.5.4INDIA141
13.5.4.1Thriving telecommunications industry to drive Indian market for space power electronics141
TABLE 84INDIA: SPACE POWER ELECTRONICS MARKET, BY DEVICE TYPE,
2018–2020 (USD MILLION)141
TABLE 85INDIA: SPACE POWER ELECTRONICS MARKET, BY DEVICE TYPE,
2021–2026 (USD MILLION)141
TABLE 86INDIA: SPACE POWER ELECTRONICS MARKET, BY APPLICATION,
2018–2020 (USD MILLION)142
TABLE 87INDIA: SPACE POWER ELECTRONICS MARKET, BY APPLICATION,
2021–2026 (USD MILLION)142
13.5.5JAPAN142
13.5.5.1Involvement of private space companies in government space programs to drive market142
TABLE 88JAPAN: SPACE POWER ELECTRONICS MARKET, BY DEVICE TYPE,
2018–2020 (USD MILLION)143
TABLE 89JAPAN: SPACE POWER ELECTRONICS MARKET, BY DEVICE TYPE,
2021–2026 (USD MILLION)143
TABLE 90JAPAN: SPACE POWER ELECTRONICS MARKET, BY APPLICATION,
2018–2020 (USD MILLION)143
TABLE 91JAPAN: SPACE POWER ELECTRONICS MARKET, BY APPLICATION,
2021–2026 (USD MILLION)143
13.5.6REST OF ASIA PACIFIC144
TABLE 92REST OF ASIA PACIFIC: SPACE POWER ELECTRONICS MARKET,
BY DEVICE TYPE, 2018–2020 (USD MILLION)144
TABLE 93REST OF ASIA PACIFIC: SPACE POWER ELECTRONICS MARKET,
BY DEVICE TYPE, 2021–2026 (USD MILLION)144
TABLE 94REST OF ASIA PACIFIC: SPACE POWER ELECTRONICS MARKET,
BY APPLICATION, 2018–2020 (USD MILLION)145
TABLE 95REST OF ASIA PACIFIC: SPACE POWER ELECTRONICS MARKET,
BY APPLICATION, 2021–2026 (USD MILLION)145
 
13.6REST OF THE WORLD145
13.6.1COVID-19 IMPACT ON REST OF THE WORLD146
13.6.2PESTLE ANALYSIS: REST OF THE WORLD146
TABLE 96REST OF THE WORLD: SPACE POWER ELECTRONICS MARKET,
BY DEVICE TYPE, 2018–2020 (USD MILLION)147
TABLE 97REST OF THE WORLD: SPACE POWER ELECTRONICS MARKET,
BY DEVICE TYPE, 2021–2026 (USD MILLION)147
TABLE 98REST OF THE WORLD: SPACE POWER ELECTRONICS MARKET,
BY APPLICATION, 2018–2020 (USD MILLION)148
TABLE 99REST OF THE WORLD: SPACE POWER ELECTRONICS MARKET,
BY APPLICATION, 2021–2026 (USD MILLION)148
TABLE 100REST OF THE WORLD: SPACE POWER ELECTRONICS MARKET,
BY REGION, 2018–2020 (USD MILLION)148
TABLE 101REST OF THE WORLD: SPACE POWER ELECTRONICS MARKET,
BY REGION, 2021–2026 (USD MILLION)148
13.6.3MIDDLE EAST149
13.6.3.1Government focus on enhancing military space applications supports market growth149
TABLE 102MIDDLE EAST: SPACE POWER ELECTRONICS MARKET, BY DEVICE TYPE, 2018–2020 (USD MILLION)149
TABLE 103MIDDLE EAST: SPACE POWER ELECTRONICS MARKET, BY DEVICE TYPE, 2021–2026 (USD MILLION)149
TABLE 104MIDDLE EAST: SPACE POWER ELECTRONICS MARKET, BY APPLICATION, 2018–2020 (USD MILLION)150
TABLE 105MIDDLE EAST: SPACE POWER ELECTRONICS MARKET, BY APPLICATION, 2021–2026 (USD MILLION)150
13.6.4AFRICA150
13.6.4.1ongoing involvement in nanosatellite launches stimulates market growth150
TABLE 106AFRICA: SPACE POWER ELECTRONICS MARKET, BY DEVICE TYPE,
2018–2020 (USD MILLION)151
TABLE 107AFRICA: SPACE POWER ELECTRONICS MARKET, BY DEVICE TYPE,
2021–2026 (USD MILLION)151
TABLE 108AFRICA: SPACE POWER ELECTRONICS MARKET, BY APPLICATION,
2018–2020 (USD MILLION)151
TABLE 109AFRICA: SPACE POWER ELECTRONICS MARKET, BY APPLICATION,
2021–2026 (USD MILLION)151
13.6.5LATIN AMERICA152
13.6.5.1Continued tie-ups with foreign space agencies for space missions will drive market152
TABLE 110LATIN AMERICA: SPACE POWER ELECTRONICS MARKET, BY DEVICE TYPE, 2018–2020 (USD MILLION)152
TABLE 111LATIN AMERICA: SPACE POWER ELECTRONICS MARKET, BY DEVICE TYPE, 2021–2026 (USD MILLION)152
TABLE 112LATIN AMERICA: SPACE POWER ELECTRONICS MARKET, BY APPLICATION, 2018–2020 (USD MILLION)153
TABLE 113LATIN AMERICA: SPACE POWER ELECTRONICS MARKET, BY APPLICATION, 2021–2026 (USD MILLION)153
14COMPETITIVE LANDSCAPE154
14.1INTRODUCTION154
14.2COMPANY OVERVIEW154
TABLE 114KEY DEVELOPMENTS OF LEADING PLAYERS IN SPACE POWER ELECTRONICS MARKET (2019-2021)154
14.3RANKING ANALYSIS OF KEY PLAYERS IN SPACE POWER ELECTRONICS MARKET,2021155
FIGURE 40RANKING OF KEY PLAYERS IN SPACE POWER ELECTRONICS MARKET, 2021156
14.4REVENUE ANALYSIS,2021156
FIGURE 41REVENUE ANALYSIS OF KEY COMPANIES IN SPACE POWER ELECTRONICS MARKET156
14.5MARKET SHARE ANALYSIS,2021157
TABLE 115SPACE POWER ELECTRONICS MARKET: DEGREE OF COMPETITION157
14.6COMPETITIVE EVALUATION QUADRANT159
14.6.1STAR159
14.6.2EMERGING LEADER159
14.6.3PERVASIVE159
14.6.4PARTICIPANT159
FIGURE 42SPACE POWER ELECTRONICS MARKET COMPETITIVE LEADERSHIP MAPPING, 2021160
14.7STARTUP/SME EVALUATION QUADRANT161
14.7.1PROGRESSIVE COMPANY161
14.7.2RESPONSIVE COMPANY161
14.7.3STARTING BLOCK161
14.7.4DYNAMIC COMPANY161
FIGURE 43SPACE POWER ELECTRONICS MARKET (STARTUP/SME) COMPETITIVE LEADERSHIP MAPPING, 2020162
14.7.4.1Competitive benchmarking163
TABLE 116SPACE POWER ELECTRONICS MARKET: DETAILED LIST OF KEY STARTUP/SMES163
14.8COMPETITIVE SCENARIO164
TABLE 117NEW PRODUCT LAUNCHES, 2019–MARCH 2022164
TABLE 118CONTRACTS, PARTNERSHIPS, AND AGREEMENTS, 2019–MARCH 2022167
TABLE 119EXPANSIONS AND COLLABORATIONS, 2019–MARCH 2022170
15COMPANY PROFILES172
(Business Overview, Products Offered, Recent Developments, MnM View Right to win, Strategic choices made, Weaknesses and competitive threats) *
15.1INTRODUCTION172
15.2KEY PLAYERS172
15.2.1INFINEON TECHNOLOGIES172
TABLE 120INFINEON TECHNOLOGIES: BUSINESS OVERVIEW173
FIGURE 44INFINEON TECHNOLOGIES: COMPANY SNAPSHOT173
TABLE 121INFINEON TECHNOLOGIES: PRODUCT/SOLUTIONS/SERVICES OFFERED174
TABLE 122INFINEON TECHNOLOGIES: DEALS175
TABLE 123INFINEON TECHNOLOGIES: OTHERS176
15.2.2TEXAS INSTRUMENTS INCORPORATED177
TABLE 124TEXAS INSTRUMENTS INCORPORATED: BUSINESS OVERVIEW177
FIGURE 45TEXAS INSTRUMENTS INCORPORATED: COMPANY SNAPSHOT178
TABLE 125TEXAS INSTRUMENTS INCORPORATED: PRODUCT/SOLUTIONS/SERVICES OFFERED178
TABLE 126TEXAS INSTRUMENTS INCORPORATED: PRODUCT LAUNCHES180
TABLE 127TEXAS INSTRUMENTS INCORPORATED: OTHERS180
15.2.3STMICROELECTRONICS181
TABLE 128STMICROELECTRONICS: BUSINESS OVERVIEW181
FIGURE 46STMICROELECTRONICS: COMPANY SNAPSHOT182
TABLE 129STMICROELECTRONICS: PRODUCT/SOLUTIONS/SERVICES OFFERED182
TABLE 130STMICROELECTRONICS: DEALS184
TABLE 131STMICROELECTRONICS: PRODUCT LAUNCHES184
15.2.4ONSEMI185
TABLE 132ONSEMI: BUSINESS OVERVIEW185
FIGURE 47ONSEMI: COMPANY SNAPSHOT185
TABLE 133ONSEMI: PRODUCT/SOLUTIONS/SERVICES OFFERED186
TABLE 134ONSEMI: DEALS186
15.2.5RENESAS ELECTRONICS CORPORATION187
TABLE 135RENESAS ELECTRONICS CORPORATION: BUSINESS OVERVIEW187
FIGURE 48RENESAS ELECTRONICS CORPORATION: COMPANY SNAPSHOT188
TABLE 136RENESAS ELECTRONICS CORPORATION: PRODUCT/SOLUTIONS/SERVICES OFFERED188
TABLE 137RENESAS ELECTRONICS CORPORATION: DEALS189
TABLE 138RENESAS ELECTRONICS CORPORATION: PRODUCT LAUNCHES190
15.2.6BAE SYSTEMS PLC191
TABLE 139BAE SYSTEMS PLC: BUSINESS OVERVIEW191
FIGURE 49BAE SYSTEMS PLC: COMPANY SNAPSHOT192
TABLE 140BAE SYSTEMS PLC: PRODUCT/SOLUTIONS/SERVICES OFFERED192
TABLE 141BAE SYSTEMS PLC: DEALS193
15.2.7ANALOG DEVICES, INC.194
TABLE 142ANALOG DEVICES INC: BUSINESS OVERVIEW194
FIGURE 50ANALOG DEVICES INC.: COMPANY SNAPSHOT195
TABLE 143ANALOG DEVICES INC.: PRODUCT/SOLUTIONS/SERVICES OFFERED195
15.2.8VISHAY INTERTECHNOLOGY, INC.197
TABLE 144VISHAY INTERTECHNOLOGY INC.: BUSINESS OVERVIEW197
FIGURE 51VISHAY INTERTECHNOLOGY INC.: COMPANY SNAPSHOT198
TABLE 145VISHAY INTERTECHNOLOGY INC.: PRODUCT/SOLUTIONS/SERVICES OFFERED198
15.2.9NXP SEMICONDUCTORS200
TABLE 146NXP SEMICONDUCTORS: BUSINESS OVERVIEW200
FIGURE 52NXP SEMICONDUCTORS: COMPANY SNAPSHOT200
TABLE 147NXP SEMICONDUCTORS: PRODUCT/SOLUTIONS/SERVICES OFFERED201
15.2.10CRANE CO.202
TABLE 148CRANE CO.: BUSINESS OVERVIEW202
FIGURE 53CRANE CO.: COMPANY SNAPSHOT203
TABLE 149CRANE CO.: PRODUCT/SOLUTIONS/SERVICES OFFERED203
15.2.11HEICO CORPORATION205
TABLE 150HEICO CORPORATION: BUSINESS OVERVIEW205
FIGURE 54HEICO CORPORATION: COMPANY SNAPSHOT205
TABLE 151HEICO CORPORATION: PRODUCT/SOLUTIONS/SERVICES OFFERED206
TABLE 152HEICO CORPORATION: DEALS207
TABLE 153HEICO CORPORATION: PRODUCT LAUNCHES207
15.2.12MICROCHIP TECHNOLOGY INC.209
TABLE 154MICROCHIP TECHNOLOGY INC: BUSINESS OVERVIEW209
FIGURE 55MICROCHIP TECHNOLOGY INC.: COMPANY SNAPSHOT210
TABLE 155MICROCHIP TECHNOLOGY INC.: PRODUCT/SOLUTIONS/SERVICES OFFERED210
TABLE 156MICROCHIP TECHNOLOGY INC.: PRODUCT LAUNCHES212
TABLE 157MICROCHIP TECHNOLOGY INC.: DEALS212
TABLE 158MICROCHIP TECHNOLOGY INC.: OTHERS213
15.2.13COBHAM LIMITED214
TABLE 159COBHAM LIMITED: BUSINESS OVERVIEW214
TABLE 160COBHAM LIMITED: PRODUCT/SOLUTIONS/SERVICES OFFERED214
TABLE 161COBHAM LIMITED: DEALS215
TABLE 162COBHAM LIMITED: PRODUCT LAUNCHES216
15.2.14AIRBUS217
TABLE 163AIRBUS: BUSINESS OVERVIEW217
FIGURE 56AIRBUS: COMPANY SNAPSHOT218
TABLE 164AIRBUS: PRODUCT/SOLUTIONS/SERVICES OFFERED218
TABLE 165AIRBUS: DEALS220
15.2.15RUAG GROUP221
TABLE 166RUAG GROUP: BUSINESS OVERVIEW221
FIGURE 57RUAG GROUP: COMPANY SNAPSHOT221
TABLE 167RUAG GROUP: PRODUCT/SOLUTIONS/SERVICES OFFERED222
15.3OTHER PLAYERS223
15.3.1EPC SPACE LLC223
15.3.2ALPHACORE INC.224
15.3.3GOMSPACE: COMPANY OVERVIEW225
15.3.4GAN SYSTEMS INC.226
15.3.5API TECHNOLOGIES227
15.3.6WOLFSPEED INC.228
15.3.7TT ELECTRONICS229
15.3.8TERMA GROUP230
15.3.9VICOR CORPORATION231
15.3.10SOLID STATE DEVICES, INC.232
*Details on Business Overview, Products Offered, Recent Developments, MnM View, Right to win, Strategic choices made, Weaknesses and competitive threats might not be captured in case of unlisted companies.
16APPENDIX233
16.1DISCUSSION GUIDE233
16.2KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL235
16.3AVAILABLE CUSTOMIZATIONS237
16.4RELATED REPORTS237
16.5AUTHOR DETAILS238