Space power electronics market is expected to grow significantly at a CAGR of 16.5% throughout the forecast period (2024-2031). This growth forecast is attributed to the rise in complexities & advancements in space missions. This involves large or mega constellation missions, deep space exploration missions, and interplanetary propulsion missions, which necessitate the use of power electronics to sustain it & deliver efficient performance under extreme environments.
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Further, these complexities are paired with growing emphasis by public and private organizations for optimizing spacecrafts which include developments such as miniaturization of components, and efficient performance-driven electronic components. The increasing complexities in space projects and technological advancements in power management and components are driving the rapid development and expansion of the space power electronics market.
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Recent Development
- In February 2024, EPC Space introduced the EPC7011L7SH, a 50 V, 6 A radiation-hardened GaN Power Stage IC for space applications, in February 2024. The compact, all-in-one integrated device integrates the driver, eGaN FETs, and the main power components within a single chip, making it capable of high-speed switching over 2 MHz. The solution simplifies the design, reduces PCB space, and improves efficiency in space electronics.
Market Coverage
- The market number available for – 2023-2031
- Base year- 2023
- Forecast period- 2024-2031
- Segment Covered-
o By Device Type
o By Application
o By Voltage
- Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape- Infineon Technologies AG, Semiconductor Components Industries, LLC, Renesas Electronics Corp., STMicroelectronics NV, and Texas Instruments Inc., among others.
Key questions addressed by the report.
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- Who is the leader in the market?
- How are players addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Space Power Electronics Market Report Segment
By Device Type
- Power Discrete
- Power Module
- Power IC
By Application
- Satellite
- Spacecraft & Launch Vehicle
- Rovers
- Space Stations
By Voltage
- Low Voltage
- Medium Voltage
- High Voltage
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