PUBLISHER: BIS Research | PRODUCT CODE: 1748470
PUBLISHER: BIS Research | PRODUCT CODE: 1748470
Europe Space Power Supply Market: Focus on Application, Product, and Country Level Analysis - Analysis and Forecast, 2024-2034
Introduction to Europe Space Power Supply Market
The Europe space power supply market is estimated to reach $954,661.1 thousand by 2034 from $639,582.3 thousand in 2024, at a growth rate of 4.09% during the forecast period 2024-2034. The market for space power supplies in Europe includes a broad range of technologies that are necessary for operating satellites, spacecraft, and orbital platforms, such as solar power systems, improved batteries, energy storage solutions, and power management units. This industry is developing quickly to serve Europe's growing space ambitions, driven by the growing requirement for reliable, efficient, and autonomous power sources. In order to power both commercial and scientific space activities, European missions are depending more and more on robust energy designs, lightweight storage technologies, and high-efficiency solar arrays. To fulfil mission-specific needs and sustainability goals, regional giants like Thales Alenia Space and Airbus Defence and Space, as well as up-and-coming entrepreneurs, are making significant investments in next-generation power technology. The market is also influenced by EU-backed projects and ESA programs that foster innovation and competitiveness, with a particular emphasis on energy optimisation, mission longevity, and technological sovereignty. The market for space power supplies in Europe is responding to the growing need for deep space exploration, communication, and Earth observation by providing sophisticated and scalable solutions that support the continent's strategic objectives in satellite services and space exploration.
Market Introduction
| KEY MARKET STATISTICS | |
|---|---|
| Forecast Period | 2024 - 2034 |
| 2024 Evaluation | $639,582.3 Thousand |
| 2034 Forecast | $954,661.1 Thousand |
| CAGR | 4.09% |
The market for space power supplies in Europe is a vital component of the region's expanding footprint in orbital services, satellite deployment, and space exploration. Satellites, deep space probes, crewed missions, and space infrastructure all depend on power supply systems, which include solar arrays, batteries, fuel cells, and power management electronics. The need for dependable, effective, and long-duration power solutions is growing as the European space industry expands quickly due to the efforts of both private space enterprises and government organisations like the European Space Agency (ESA).
European firms are developing lightweight, radiation-resistant, and high-efficiency systems to fulfil the needs of next-generation satellites, CubeSats, and deep space missions. Energy storage and power regulation technology innovation is being funded by programs like Horizon Europe and ESA's Advanced Research in Telecommunications Systems (ARTES) program. There is a tremendous push for solar electric propulsion and other clean energy systems as sustainability and mission autonomy gain importance.
Europe's strategic goal of achieving space autonomy, lowering dependency on foreign technologies, and retaining its position as a leader in satellite-based services further shapes the market. Underpinned by innovation, cooperation, and growing mission demands, the European space power supply market is set for substantial expansion despite obstacles including high development costs and complicated regulations.
Market Segmentation
Segmentation 1: by Application
- Satellites
- Space Exploration and Deep-Space Missions
- Land
- Rover
- Orbiter
- Space Stations and Habitats
- Launch Vehicles
- Small and Medium-Lift Launch Vehicles
- Heavy and Super Heavy-Lift Launch Vehicles
Segmentation 2: by Satellite Orbit
- Low Earth Orbit (LEO) Satellites
- Geostationary Earth Orbit (GEO) Satellites
- Medium Earth Orbit (MEO) Satellites
- Beyond Earth Orbit Satellites
Segmentation 3: by Satellite Type
- Small Satellites (CubeSats, NanoSats) (1-10 kW)
- Medium Satellites (10-15 kW)
- Large Satellites (Above 15 kW)
Segmentation 4: by Component Type
- Solar Power Systems
- Solar Cells
- Solar Array/Panel
- Battery Systems
- Power Management and Distribution (PMAD) Systems
Segmentation 5: by Country
- Germany
- France
- U.K.
- Russia
- Rest-of-Europe
Europe Space Power Supply Market Trends, Drivers and Challenges:
Trends
- Growing deployment of small satellites and CubeSats increasing demand for compact power systems
- Advancements in solar array efficiency and lightweight battery technologies
- Rising use of electric propulsion systems requiring high-performance power management
- Increased integration of AI and digital twins for power system monitoring and optimization
- Expansion of commercial space missions and private space companies in Europe
- Focus on modular, scalable power systems for versatile satellite platforms
Drivers
- Strong support from ESA and national space programs for deep space and Earth observation missions
- Rising demand for satellite-based services (telecom, navigation, remote sensing)
- EU investment in space innovation through Horizon Europe and other funding programs
- Strategic focus on space autonomy and reducing reliance on non-EU supplier
- Technological progress in energy storage, power conditioning, and thermal management
Challenges
- Engineering trade-offs between power output, mass, and thermal constraints
- Harsh space environment requiring radiation-hardened and long-duration components
- Limited supply chain for space-qualified materials and electronics within Europe
- High development costs and long certification timelines
- Complexity in adapting power systems to diverse mission profiles and orbital environments
How can this report add value to an organization?
Product/Innovation Strategy: The product segment helps the reader understand the different types of products available in European region. Moreover, the study provides the reader with a detailed understanding of the different space power supply products based on applications and products.
Growth/Marketing Strategy: The Europe space power supply market has seen major development by key players operating in the market, such as business expansion, partnership, collaboration, and joint venture. The favored strategy for the companies has been synergistic activities to strengthen their position in the space power supply market.
Competitive Strategy: Key players in the Europe space power supply market have been analyzed and profiled in the study of space power supply products. Moreover, a detailed competitive benchmarking of the players operating in the space power supply market has been done to help the reader understand how players stack against each other, presenting a clear market landscape. Additionally, comprehensive competitive strategies such as partnerships, agreements, and collaborations will aid the reader in understanding the untapped revenue pockets in the market.
Key Market Players and Competition Synopsis
Profiled companies have been selected based on thorough secondary research, which includes analyzing company coverage, product portfolio, market penetration, and insights gathered from primary experts.
Some prominent names established in this market are:
- AZUR SPACE Solar Power GmbH
- CESI S.p.A.
- S.A.B. Aerospace Srl
- AIRBUS
- Saft
Table of Contents
Executive Summary
Scope and Definition
1 Market: Industry Outlook
- 1.1 Trends: Current and Future Impact Assessment
- 1.1.1 Advancements in Multi-Junction Solar Cells for Space Applications
- 1.1.1.1 Innovations in Multi-Junction Silicon Solar Cells for Space Applications
- 1.1.2 Development of Thin-Film and Flexible Solar Cells for Satellites
- 1.1.3 Efficiency Improvements and Power Density Advancements in Solar Panels
- 1.1.4 Innovations in Space-Based Solar Power (SBSP) Systems for Long-duration Missions
- 1.1.1 Advancements in Multi-Junction Solar Cells for Space Applications
- 1.2 Supply Chain Overview
- 1.2.1 Value Chain Analysis
- 1.3 Patent Analysis
- 1.3.1 Patent Filing Trend (by Country)
- 1.3.2 Patent Filing Trend (by Company)
- 1.4 Regulatory Landscape and Industry Initiatives
- 1.4.1 Regulations and Policies
- 1.5 Market Dynamics Overview
- 1.5.1 Market Drivers
- 1.5.1.1 Growing Satellite Deployments and Mega-Constellations (e.g., Starlink, Amazon Kuiper)
- 1.5.1.2 Rising Investments in Space-Based Solar Power Systems (SBSP)
- 1.5.1.3 Increased Demand for LEO, GEO, and MEO Satellites
- 1.5.2 Market Restraints
- 1.5.2.1 High Production Costs of Solar Power Systems for Space
- 1.5.2.2 Durability and Reliability of Solar Cells in Harsh Space Environments
- 1.5.2.3 Regulatory and Compliance Challenges for Solar-Based Power Systems
- 1.5.3 Market Opportunities
- 1.5.3.1 Impact of Mega-Constellations on Solar Cell Demand
- 1.5.3.2 Expansion of CubeSats and Small Satellites Market and Their Power Needs
- 1.5.3.3 Growing Role of Solar Power in Deep Space Exploration Missions
- 1.5.3.4 Strategic Collaborations Between Governments and Private Space Companies
- 1.5.1 Market Drivers
- 1.6 Impact of Mega-Constellations on Solar Power Demand and Comparison with Traditional Satellite Deployments
2 Regions
- 2.1 Regional Summary
- 2.2 Europe
- 2.2.1 Markets
- 2.2.1.1 Key Market Participants in Europe
- 2.2.1.2 Business Drivers
- 2.2.1.3 Business Challenges
- 2.2.2 Application
- 2.2.3 Product
- 2.2.4 Europe (by Country)
- 2.2.4.1 Germany
- 2.2.4.1.1 Market (By Application)
- 2.2.4.1.2 Market (By Product)
- 2.2.4.2 France
- 2.2.4.2.1 Market (By Application)
- 2.2.4.2.2 Market (By Product)
- 2.2.4.3 U.K.
- 2.2.4.3.1 Market (By Application)
- 2.2.4.3.2 Market (By Product)
- 2.2.4.4 Russia
- 2.2.4.4.1 Market (By Application)
- 2.2.4.4.2 Market (By Product)
- 2.2.4.5 Rest-of-Europe
- 2.2.4.5.1 Market (By Application)
- 2.2.4.5.2 Market (By Product)
- 2.2.4.1 Germany
- 2.2.1 Markets
3 Markets - Competitive Benchmarking & Company Profiles
- 3.1 Next Frontiers
- 3.2 Geographic Assessment
- 3.3 Key Space Power Supply Programs
- 3.4 Key Technology Preferences for Space Power Supply Programs
- 3.5 Prime Contractor Landscape for Space Power Supply Market
- 3.6 Company Profiles
- 3.6.1 Space Solar Power Solutions
- 3.6.1.1 AZUR SPACE Solar Power GmbH
- 3.6.1.1.1 Overview
- 3.6.1.1.2 Top Products/Product Portfolio
- 3.6.1.1.3 Top Competitors
- 3.6.1.1.4 Target Customers
- 3.6.1.1.5 Key Personnel
- 3.6.1.1.6 Analyst View
- 3.6.1.1.7 Market Share, 2023
- 3.6.1.2 CESI S.p.A.
- 3.6.1.2.1 Overview
- 3.6.1.2.2 Top Products/Product Portfolio
- 3.6.1.2.3 Top Competitors
- 3.6.1.2.4 Target Customers
- 3.6.1.2.5 Key Personnel
- 3.6.1.2.6 Analyst View
- 3.6.1.2.7 Market Share, 2023
- 3.6.1.1 AZUR SPACE Solar Power GmbH
- 3.6.2 Space Battery Power Solutions
- 3.6.2.1 S.A.B. Aerospace Srl
- 3.6.2.1.1 Overview
- 3.6.2.1.2 Top Products/Product Portfolio
- 3.6.2.1.3 Top Competitors
- 3.6.2.1.4 Target Customers
- 3.6.2.1.5 Key Personnel
- 3.6.2.1.6 Analyst View
- 3.6.2.1.7 Market Share, 2023
- 3.6.2.2 AIRBUS
- 3.6.2.2.1 Overview
- 3.6.2.2.2 Top Products/Product Portfolio
- 3.6.2.2.3 Top Competitors
- 3.6.2.2.4 Target Customers
- 3.6.2.2.5 Key Personnel
- 3.6.2.2.6 Analyst View
- 3.6.2.2.7 Market Share, 2023
- 3.6.2.3 Saft
- 3.6.2.3.1 Overview
- 3.6.2.3.2 Top Products/Product Portfolio
- 3.6.2.3.3 Top Competitors
- 3.6.2.3.4 Target Customers
- 3.6.2.3.5 Key Personnel
- 3.6.2.3.6 Analyst View
- 3.6.2.3.7 Market Share, 2023
- 3.6.2.1 S.A.B. Aerospace Srl
- 3.6.3 Other Key Players
- 3.6.1 Space Solar Power Solutions
4 Research Methodology
- 4.1 Data Sources
- 4.1.1 Primary Data Sources
- 4.1.2 Secondary Data Sources
- 4.1.3 Data Triangulation
- 4.2 Market Estimation and Forecast
List of Figures
- Figure 1: Europe Space Power Supply Market Scenarios, 2024, 2029, 2034
- Figure 2: Space Power Supply Market (by Region), $Thousand, 2024, 2029, and 2034
- Figure 3: Europe Space Power Supply Market (by Application), $Thousand, 2024, 2029, and 2034
- Figure 4: Europe Space Power Supply Market (by Orbit), $Thousand, 2024, 2029, and 2034
- Figure 5: Europe Space Power Supply Market (by Satellite Type), $Thousand, 2024, 2029, and 2034
- Figure 6: Europe Space Power Supply Market (by Component Type), $Thousand, 2024, 2029, and 2034
- Figure 7: Space Power Supply Market, Recent Developments
- Figure 8: Supply Chain of Space Power Supply Market
- Figure 9: Space Power Supply Market (by Country), January 2022-December 2024
- Figure 10: Space Power Supply Market (by Company), January 2022-December 2024
- Figure 11: Estimated Satellites in Space
- Figure 12: Germany Space Power Supply Market, $Thousand, 2023-2034
- Figure 13: France Space Power Supply Market, $Thousand, 2024-2034
- Figure 14: U.K. Space Power Supply Market, $Thousand, 2024-2034
- Figure 15: Russia Space Power Supply Market, $Thousand, 2024-2034
- Figure 16: Rest-of-Europe Space Power Supply Market, $Thousand, 2024-2034
- Figure 17: Strategic Initiatives, 2022-2025
- Figure 18: Share of Strategic Initiatives, 2022-2025
- Figure 19: Data Triangulation
- Figure 20: Top-Down and Bottom-Up Approach
- Figure 21: Assumptions and Limitations
List of Tables
- Table 1: Market Snapshot
- Table 2: Opportunities across Regions
- Table 3: Trends: Overview
- Table 4: Impact Analysis of Market Navigating Factors, 2024-2034
- Table 6: Europe Space Power Supply Market (by Application), $Thousand, 2023-2034
- Table 7: Europe Space Power Supply Market for Satellite (by Orbit), $Thousand, 2023-2034
- Table 8: Europe Space Power Supply Market for Satellite (by Satellite Type), $Thousand, 2023-2034
- Table 9: Europe Space Power Supply Market (by Component Type), $Thousand, 2023-2034
- Table 10: Germany Space Power Supply Market (by Application), $Thousand, 2023-2034
- Table 11: Germany Space Power Supply Market for Satellites (by Orbit), $Thousand, 2023-2034
- Table 12: Germany Space Power Supply Market for Satellites (by Satellite Type), $Thousand, 2023-2034
- Table 13: Germany Space Power Supply Market (by Component Type), $Thousand, 2023-2034
- Table 14: France Space Power Supply Market (by Application), $Thousand, 2023-2034
- Table 15: France Space Power Supply Market for Satellites (by Orbit), $Thousand, 2023-2034
- Table 16: France Space Power Supply Market for Satellites (by Satellite Type), $Thousand, 2023-2034
- Table 17: France Space Power Supply Market (by Component Type), $Thousand, 2023-2034
- Table 18: U.K. Space Power Supply Market (by Application), $Thousand, 2023-2034
- Table 19: U.K. Space Power Supply Market for Satellites (by Orbit), $Thousand, 2023-2034
- Table 20: U.K. Space Power Supply Market for Satellites (by Satellite Type), $Thousand, 2023-2034
- Table 21: U.K. Space Power Supply Market (by Component Type), $Thousand, 2023-2034
- Table 22: Russia Space Power Supply Market (by Application), $Thousand, 2023-2034
- Table 23: Russia Space Power Supply Market for Satellites (by Orbit), $Thousand, 2023-2034
- Table 24: Russia Space Power Supply Market for Satellites (by Satellite Type), $Thousand, 2023-2034
- Table 25: Russia Space Power Supply Market (by Component Type), $Thousand, 2023-2034
- Table 26: Rest-of-Europe Space Power Supply Market (by Application), $Thousand, 2023-2034
- Table 27: Rest-of-Europe Space Power Supply Market for Satellites (by Orbit), $Thousand, 2023-2034
- Table 28: Rest-of-Europe Space Power Supply Market for Satellites (by Satellite Type), $Thousand, 2023-2034
- Table 29: Rest-of-Europe Space Power Supply Market (by Component Type), $Thousand, 2023-2034
- Table 30: Market Share, 2023
- Table 31: Key Space Power Supply Programs
- Table 32: Key Technologies for Space Power Supply Programs (Ongoing, Future)
