Global Space-Based Solar Power Market Size Study & Forecast, by Technology, Application, End Use, Deployment Type and Regional Forecasts 2025-2035

Description

Global Space-Based Solar Power Market is valued at approximately USD 3.04 billion in 2024 and is anticipated to grow with an impressive CAGR of 15.48% over the forecast period 2025-2035. Space-based solar power (SBSP) has emerged as one of the most transformative and potentially inexhaustible sources of clean energy, offering the capability to harvest uninterrupted solar radiation beyond Earth's atmosphere and transmit it wirelessly to terrestrial receivers. With climate change escalating the urgency for net-zero energy infrastructures, global institutions-both public and private-are racing to capitalize on SBSP technologies. The convergence of aerospace innovation, wireless power transmission, and renewable energy policy is ushering in a new frontier of orbital solar stations that promise round-the-clock electricity delivery without dependence on terrestrial weather patterns or diurnal cycles.

This paradigm shift in power generation is being fueled by rapidly declining launch costs, miniaturization of energy transmission systems, and robust government funding for green energy transition programs. Moreover, SBSP is increasingly being viewed as a geopolitical lever, with nations seeking to fortify energy sovereignty and ensure long-term strategic autonomy. Advanced photovoltaic and thermal-based collectors, high-efficiency conversion devices, and phased array antennae are central to this evolution. However, the market faces several challenges including immense initial capital outlays, orbital debris risks, and international regulatory ambiguity. That said, hybrid SBSP systems and dual-use deployments for military, emergency, and rural electrification applications are unlocking new commercial pathways.

Regionally, North America leads the global charge with multiple high-profile SBSP initiatives backed by NASA, the Department of Energy, and defense contractors leveraging synergies in space tech and renewable integration. Europe follows closely, bolstered by the European Space Agency's ambitious Solaris project and a growing push toward energy independence. Meanwhile, the Asia Pacific region is projected to witness the highest CAGR, driven by monumental investments in orbital solar missions by China and Japan. These nations are exploring SBSP not only for grid-scale supplementation but also for powering critical infrastructure in remote or disaster-prone areas, thereby augmenting resilience and sustainability.

Major market player included in this report are:

Mitsubishi Electric Corporation
Northrop Grumman Corporation
Airbus Defence and Space
Boeing Company
Lockheed Martin Corporation
Fraunhofer Institute
Rocket Lab
JAXA (Japan Aerospace Exploration Agency)
NASA (National Aeronautics and Space Administration)
Caltech Space Solar Power Project
Solaren Corporation
China Aerospace Science and Technology Corporation (CASC)
Thales Alenia Space
Emrod
SpaceX

Global Space-Based Solar Power Market Report Scope:

Historical Data - 2023, 2024
Base Year for Estimation - 2024
Forecast period - 2025-2035
Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Customization Scope - Free report customization (equivalent up to 8 analysts' working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values for the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within the countries involved in the study. The report also provides detailed information about crucial aspects, such as driving factors and challenges, which will define the future growth of the market. Additionally, it incorporates potential opportunities in micro-markets for stakeholders to invest, along with a detailed analysis of the competitive landscape and product offerings of key players. The detailed segments and sub-segments of the market are explained below:

By Technology:

Photovoltaic Systems
Thermal Systems
Hybrid Systems

By Application:

Satellite Power Generation
Spacecraft Power Supply
Terrestrial Power Supply

By End Use:

Government
Commercial
Residential

By Deployment Type:

Orbital Deployment
In-Situ Deployment

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
Rest of Europe
Asia Pacific
China
India
Japan
Australia
South Korea
Rest of Asia Pacific
Latin America
Brazil
Mexico
Middle East & Africa
UAE
Saudi Arabia
South Africa
Rest of Middle East & Africa

Key Takeaways:

Market Estimates & Forecast for 10 years from 2025 to 2035.
Annualized revenues and regional level analysis for each market segment.
Detailed analysis of geographical landscape with Country level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand side and supply side analysis of the market.

Chapter 1. Global Space-Based Solar Power Market Report Scope & Methodology

1.1. Research Objective
1.2. Research Methodology
- 1.2.1. Forecast Model
- 1.2.2. Desk Research
- 1.2.3. Top-Down and Bottom-Up Approach
1.3. Research Attributes
1.4. Scope of the Study
- 1.4.1. Market Definition
- 1.4.2. Market Segmentation
1.5. Research Assumption
- 1.5.1. Inclusion & Exclusion
- 1.5.2. Limitations
- 1.5.3. Years Considered for the Study

Chapter 2. Executive Summary

2.1. CEO/CXO Standpoint
2.2. Strategic Insights
2.3. ESG Analysis
2.4. Key Findings

Chapter 3. Global Space-Based Solar Power Market Forces Analysis

3.1. Market Forces Shaping the Global Space-Based Solar Power Market (2024-2035)
3.2. Drivers
- 3.2.1. Declining Launch Costs and Miniaturization of Systems
- 3.2.2. Energy Security & Geopolitical Imperatives
3.3. Restraints
- 3.3.1. High Initial Capital Outlays
- 3.3.2. Regulatory and Orbital Debris Challenges
3.4. Opportunities
- 3.4.1. Hybrid SBSP for Rural Electrification & Military Use
- 3.4.2. Dual-Use Deployments in Emergency Power Supply

Chapter 4. Global Space-Based Solar Power Industry Analysis

4.1. Porter's Five Forces Model
- 4.1.1. Bargaining Power of Buyers
- 4.1.2. Bargaining Power of Suppliers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
4.2. Porter's Five Forces Forecast Model (2024-2035)
4.3. PESTEL Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
4.4. Top Investment Opportunities
4.5. Top Winning Strategies (2025)
4.6. Market Share Analysis (2024-2025)
4.7. Global Pricing Analysis and Trends 2025
4.8. Analyst Recommendation & Conclusion

Chapter 5. Global Space-Based Solar Power Market Size & Forecasts by Technology 2025-2035

5.1. Market Overview
5.2. Photovoltaic Systems
- 5.2.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 5.2.2. Market Size Analysis, by Region, 2025-2035
5.3. Thermal Systems
- 5.3.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 5.3.2. Market Size Analysis, by Region, 2025-2035
5.4. Hybrid Systems
- 5.4.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 5.4.2. Market Size Analysis, by Region, 2025-2035

Chapter 6. Global Space-Based Solar Power Market Size & Forecasts by Application 2025-2035

6.1. Market Overview
6.2. Satellite Power Generation
- 6.2.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 6.2.2. Market Size Analysis, by Region, 2025-2035
6.3. Spacecraft Power Supply
- 6.3.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 6.3.2. Market Size Analysis, by Region, 2025-2035
6.4. Terrestrial Power Supply
- 6.4.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 6.4.2. Market Size Analysis, by Region, 2025-2035

Chapter 7. Global Space-Based Solar Power Market Size & Forecasts by Region 2025-2035

7.1. Space-Based Solar Power Market, Regional Market Snapshot
7.2. Top Leading & Emerging Countries
7.3. North America Space-Based Solar Power Market
- 7.3.1. U.S. Space-Based Solar Power Market
  - 7.3.1.1. Technology Breakdown Size & Forecasts, 2025-2035
  - 7.3.1.2. Application Breakdown Size & Forecasts, 2025-2035
- 7.3.2. Canada Space-Based Solar Power Market
  - 7.3.2.1. Technology Breakdown Size & Forecasts, 2025-2035
  - 7.3.2.2. Application Breakdown Size & Forecasts, 2025-2035
7.4. Europe Space-Based Solar Power Market
- 7.4.1. UK Space-Based Solar Power Market
  - 7.4.1.1. Technology Breakdown Size & Forecasts, 2025-2035
  - 7.4.1.2. Application Breakdown Size & Forecasts, 2025-2035
- 7.4.2. Germany Space-Based Solar Power Market
  - 7.4.2.1. Technology Breakdown Size & Forecasts, 2025-2035
  - 7.4.2.2. Application Breakdown Size & Forecasts, 2025-2035
- 7.4.3. France Space-Based Solar Power Market
  - 7.4.3.1. Technology Breakdown Size & Forecasts, 2025-2035
  - 7.4.3.2. Application Breakdown Size & Forecasts, 2025-2035
- 7.4.4. Spain Space-Based Solar Power Market
  - 7.4.4.1. Technology Breakdown Size & Forecasts, 2025-2035
  - 7.4.4.2. Application Breakdown Size & Forecasts, 2025-2035
- 7.4.5. Italy Space-Based Solar Power Market
  - 7.4.5.1. Technology Breakdown Size & Forecasts, 2025-2035
  - 7.4.5.2. Application Breakdown Size & Forecasts, 2025-2035
- 7.4.6. Rest of Europe Space-Based Solar Power Market
  - 7.4.6.1. Technology Breakdown Size & Forecasts, 2025-2035
  - 7.4.6.2. Application Breakdown Size & Forecasts, 2025-2035
7.5. Asia Pacific Space-Based Solar Power Market
- 7.5.1. China Space-Based Solar Power Market
  - 7.5.1.1. Technology Breakdown Size & Forecasts, 2025-2035
  - 7.5.1.2. Application Breakdown Size & Forecasts, 2025-2035
- 7.5.2. India Space-Based Solar Power Market
  - 7.5.2.1. Technology Breakdown Size & Forecasts, 2025-2035
  - 7.5.2.2. Application Breakdown Size & Forecasts, 2025-2035
- 7.5.3. Japan Space-Based Solar Power Market
  - 7.5.3.1. Technology Breakdown Size & Forecasts, 2025-2035
  - 7.5.3.2. Application Breakdown Size & Forecasts, 2025-2035
- 7.5.4. Australia Space-Based Solar Power Market
  - 7.5.4.1. Technology Breakdown Size & Forecasts, 2025-2035
  - 7.5.4.2. Application Breakdown Size & Forecasts, 2025-2035
- 7.5.5. South Korea Space-Based Solar Power Market
  - 7.5.5.1. Technology Breakdown Size & Forecasts, 2025-2035
  - 7.5.5.2. Application Breakdown Size & Forecasts, 2025-2035
- 7.5.6. Rest of Asia Pacific Space-Based Solar Power Market
  - 7.5.6.1. Technology Breakdown Size & Forecasts, 2025-2035
  - 7.5.6.2. Application Breakdown Size & Forecasts, 2025-2035
7.6. Latin America Space-Based Solar Power Market
- 7.6.1. Brazil Space-Based Solar Power Market
  - 7.6.1.1. Technology Breakdown Size & Forecasts, 2025-2035
  - 7.6.1.2. Application Breakdown Size & Forecasts, 2025-2035
- 7.6.2. Mexico Space-Based Solar Power Market
  - 7.6.2.1. Technology Breakdown Size & Forecasts, 2025-2035
  - 7.6.2.2. Application Breakdown Size & Forecasts, 2025-2035
7.7. Middle East & Africa Space-Based Solar Power Market
- 7.7.1. UAE Space-Based Solar Power Market
  - 7.7.1.1. Technology Breakdown Size & Forecasts, 2025-2035
  - 7.7.1.2. Application Breakdown Size & Forecasts, 2025-2035
- 7.7.2. Saudi Arabia Space-Based Solar Power Market
  - 7.7.2.1. Technology Breakdown Size & Forecasts, 2025-2035
  - 7.7.2.2. Application Breakdown Size & Forecasts, 2025-2035
- 7.7.3. South Africa Space-Based Solar Power Market
  - 7.7.3.1. Technology Breakdown Size & Forecasts, 2025-2035
  - 7.7.3.2. Application Breakdown Size & Forecasts, 2025-2035

Chapter 8. Competitive Intelligence

8.1. Top Market Strategies
8.2. Mitsubishi Electric Corporation
- 8.2.1. Company Overview
- 8.2.2. Key Executives
- 8.2.3. Company Snapshot
- 8.2.4. Financial Performance (Subject to Data Availability)
- 8.2.5. Product/Services Portfolio
- 8.2.6. Recent Development
- 8.2.7. Market Strategies
- 8.2.8. SWOT Analysis
8.3. Northrop Grumman Corporation
8.4. Airbus Defence and Space
8.5. Boeing Company
8.6. Lockheed Martin Corporation
8.7. Fraunhofer Institute
8.8. Rocket Lab
8.9. JAXA
8.10. NASA
8.11. Caltech Space Solar Power Project
8.12. Solaren Corporation
8.13. China Aerospace Science and Technology Corporation (CASC)
8.14. Thales Alenia Space
8.15. Emrod
8.16. SpaceX