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Aviation & AerospacePhotovoltaics

PUBLISHER: Grand View Research | PRODUCT CODE: 1751321

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PUBLISHER: Grand View Research | PRODUCT CODE: 1751321

Space-based Solar Power Market Size, Share & Trends Analysis Report By Satellite Type, By Application, By Region, And Segment Forecasts, 2025 - 2030

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Description

Table of Contents

List of Tables

Space-based Solar Power Market Growth & Trends:

The global space-based solar power market size is estimated to reach USD 1.05 billion by 2030, registering a CAGR of 8.5% from 2025 to 2030, according to a new report by Grand View Research, Inc. The market is expanding due to increased investment in sustainable power generation and the adoption of rigorous government rules against pollution. On the contrary, R&D aimed at lowering the cost of solar space missions through improved technologies is expected to offer attractive growth prospects for key players in the global industry during the forecast period. For instance, in December 2021, Northrop Grumman, an American multinational aerospace and defense technology company, partnered with the Air Force Research Laboratory (AFRL) to develop and test hardware for space-based solar power experiments. Researchers and engineers intend to refine the technology and address potential challenges or limitations by conducting these tests and experiments.

The increase in energy demand globally and a rise in awareness about reliable and sustainable energy sources are major factors driving the growth of the global industry. Moreover, space-based solar power could significantly mitigate climate change's effects by reducing greenhouse gas (GHG) emissions from traditional power sources. This is likely to fuel market growth over the forecast period. Furthermore, a rise in the application of space-based solar power in the military sector contributes to market growth. Moreover, space-based solar power systems can generate power continuously since they are not affected by factors like weather conditions or daylight limitations. They also help reduce GHG emissions and dependence on fossil fuels for energy generation. These systems can provide a source of energy to remote areas that are difficult to access with traditional energy infrastructure, such as developing countries or disaster-stricken areas. Thus, increasing their application scope in several end-use industries

Space-based Solar Power Market Report Highlights:

  • The microwave-transmitting solar satellite segment held the largest revenue share of over 71.5% in 2024.
  • This satellite generates solar power at a high level of efficiency and with minimal disturbance making it an attractive alternative for space-based solar power projects
  • The electricity generation segment accounted for the largest revenue share in 2024. The high share was attributed to a rise in energy demand and the cleaner generation of electricity globally.
  • North America dominated the market in 2024, accounting for over 41.4% share of the global revenue owing to increased investments in R&D activities by government organizations, such as NASA, and private organizations' participation in this region.
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Product Code: GVR-4-68040-101-2

Table of Contents

Chapter 1. Methodology and Scope

  • 1.1. Market Segmentation and Scope
  • 1.2. Research Methodology
    • 1.2.1. Information Procurement
  • 1.3. Information or Data Analysis
  • 1.4. Methodology
  • 1.5. Research Scope and Assumptions
  • 1.6. Market Formulation & Validation
  • 1.7. Country Based Segment Share Calculation
  • 1.8. List of Data Sources

Chapter 2. Executive Summary

  • 2.1. Market Outlook
  • 2.2. Segment Outlook
  • 2.3. Competitive Insights

Chapter 3. Space-Based Solar Power Market Variables, Trends, & Scope

  • 3.1. Market Lineage Outlook
  • 3.2. Market Dynamics
    • 3.2.1. Market Driver Analysis
    • 3.2.2. Market Restraint Analysis
    • 3.2.3. Industry Challenge
  • 3.3. Space-Based Solar Power Market Analysis Tools
    • 3.3.1. Industry Analysis - Porter's
      • 3.3.1.1. Bargaining power of the suppliers
      • 3.3.1.2. Bargaining power of the buyers
      • 3.3.1.3. Threats of substitution
      • 3.3.1.4. Threats from new entrants
      • 3.3.1.5. Competitive rivalry
    • 3.3.2. PESTEL Analysis
      • 3.3.2.1. Political landscape
      • 3.3.2.2. Economic and Social landscape
      • 3.3.2.3. Technological landscape
  • 3.4. Pain Point Analysis

Chapter 4. Space-Based Solar Power market: Satellite Type Estimates & Trend Analysis

  • 4.1. Segment Dashboard
  • 4.2. Space-Based Solar Power market: Component Movement Analysis, 2022 & 2030 (USD Million)
  • 4.3. Microwave transmitting solar satellite
    • 4.3.1. Microwave transmitting solar satellite Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
  • 4.4. Laser transmitting solar satellite
    • 4.4.1. Laser transmitting solar satellite Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)

Chapter 5. Space-Based Solar Power market: Application Estimates & Trend Analysis

  • 5.1. Segment Dashboard
  • 5.2. Space-Based Solar Power market: Deployment Movement Analysis, 2022 & 2030 (USD Million)
  • 5.3. Electricity generation
    • 5.3.1. Electricity generation Space-Based Solar Power market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
  • 5.4. Space applications
    • 5.4.1. Space applications Space-Based Solar Power market: Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)

Chapter 6. Space-Based Solar Power market: Regional Estimates & Trend Analysis

  • 6.1. Space-Based Solar Power market Share, By Region, 2022 & 2030 (USD Million)
  • 6.2. North America
    • 6.2.1. North America Space-Based Solar Power market Estimates and Forecasts, 2018 - 2030 (USD Million)
    • 6.2.2. U.S.
      • 6.2.2.1. U.S. Space-Based Solar Power market Estimates and Forecasts, 2018 - 2030 (USD Million)
    • 6.2.3. Canada
      • 6.2.3.1. Canada Space-Based Solar Power market Estimates and Forecasts, 2018 - 2030 (USD Million)
    • 6.2.4. Mexico
      • 6.2.4.1. Mexico Space-Based Solar Power market Estimates and Forecasts, 2018 - 2030 (USD Million)
  • 6.3. Europe
    • 6.3.1. Europe Space-Based Solar Power market Estimates and Forecasts, 2018 - 2030 (USD Million)
    • 6.3.2. UK
      • 6.3.2.1. UK Space-Based Solar Power market Estimates and Forecasts, 2018 - 2030 (USD Million)
    • 6.3.3. Germany
      • 6.3.3.1. Germany Space-Based Solar Power market Estimates and Forecasts, 2018 - 2030 (USD Million)
    • 6.3.4. France
      • 6.3.4.1. France Space-Based Solar Power market Estimates and Forecasts, 2018 - 2030 (USD Million)
  • 6.4. Asia Pacific
    • 6.4.1. Asia Pacific Space-Based Solar Power market Estimates and Forecasts, 2018 - 2030 (USD Million)
    • 6.4.2. China
      • 6.4.2.1. China Space-Based Solar Power market Estimates and Forecasts, 2018 - 2030 (USD Million)
    • 6.4.3. Japan
      • 6.4.3.1. Japan Space-Based Solar Power market Estimates and Forecasts, 2018 - 2030 (USD Million)
    • 6.4.4. India
      • 6.4.4.1. India Space-Based Solar Power market Estimates and Forecasts, 2018 - 2030 (USD Million)
    • 6.4.5. South Korea
      • 6.4.5.1. South Korea Space-Based Solar Power market Estimates and Forecasts, 2018 - 2030 (USD Million)
    • 6.4.6. Australia
      • 6.4.6.1. Australia Space-Based Solar Power market Estimates and Forecasts, 2018 - 2030 (USD Million)
  • 6.5. Latin America
    • 6.5.1. Latin America Space-Based Solar Power market Estimates and Forecasts, 2018 - 2030 (USD Million)
    • 6.5.2. Brazil
      • 6.5.2.1. Brazil Space-Based Solar Power market Estimates and Forecasts, 2018 - 2030 (USD Million)
  • 6.6. Middle East and Africa
    • 6.6.1. Middle East and Africa Space-Based Solar Power market Estimates and Forecasts, 2018 - 2030 (USD Million)
    • 6.6.2. South Africa
      • 6.6.2.1. South Africa Space-Based Solar Power market Estimates and Forecasts, 2018 - 2030 (USD Million)
    • 6.6.3. UAE
      • 6.6.3.1. UAE Space-Based Solar Power market Estimates and Forecasts, 2018 - 2030 (USD Million)
    • 6.6.4. KSA
      • 6.6.4.1. KSA Space-Based Solar Power market Estimates and Forecasts, 2018 - 2030 (USD Million)

Chapter 7. Competitive Landscape

  • 7.1. Company Categorization
  • 7.2. Company Market Positioning
  • 7.3. Participant's Overview
  • 7.4. Financial Performance
  • 7.5. Product Benchmarking
  • 7.6. Company Heat Map Analysis
  • 7.7. Strategy Mapping
  • 7.8. Company Profiles/Listing
    • 7.8.1. AZUR SPACE Solar Power GmbH
      • 7.8.1.1. Participant's Overview
      • 7.8.1.2. Financial Performance
      • 7.8.1.3. Product Benchmarking
      • 7.8.1.4. Recent Developments
    • 7.8.2. Fralock LLC
      • 7.8.2.1. Participant's Overview
      • 7.8.2.2. Financial Performance
      • 7.8.2.3. Product Benchmarking
      • 7.8.2.4. Recent Developments
    • 7.8.3. Japan Aerospace Exploration Agency
      • 7.8.3.1. Participant's Overview
      • 7.8.3.2. Financial Performance
      • 7.8.3.3. Product Benchmarking
      • 7.8.3.4. Recent Developments
    • 7.8.4. Northrop Grumman
      • 7.8.4.1. Participant's Overview
      • 7.8.4.2. Financial Performance
      • 7.8.4.3. Product Benchmarking
      • 7.8.4.4. Recent Developments
    • 7.8.5. Solaren Corporation
      • 7.8.5.1. Participant's Overview
      • 7.8.5.2. Financial Performance
      • 7.8.5.3. Product Benchmarking
      • 7.8.5.4. Recent Developments
    • 7.8.6. SpaceTech GmbH
      • 7.8.6.1. Participant's Overview
      • 7.8.6.2. Financial Performance
      • 7.8.6.3. Product Benchmarking
      • 7.8.6.4. Recent Developments
    • 7.8.7. Airbus
      • 7.8.7.1. Participant's Overview
      • 7.8.7.2. Financial Performance
      • 7.8.7.3. Product Benchmarking
      • 7.8.7.4. Recent Developments
    • 7.8.8. OHB SE
      • 7.8.8.1. Participant's Overview
      • 7.8.8.2. Financial Performance
      • 7.8.8.3. Product Benchmarking
      • 7.8.8.4. Recent Developments
    • 7.8.9. Canada's Space Innovators
      • 7.8.9.1. Participant's Overview
      • 7.8.9.2. Financial Performance
      • 7.8.9.3. Product Benchmarking
      • 7.8.9.4. Recent Developments
    • 7.8.10. DHV Technology
      • 7.8.10.1. Participant's Overview
      • 7.8.10.2. Financial Performance
      • 7.8.10.3. Product Benchmarking
      • 7.8.10.4. Recent Developments
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Product Code: GVR-4-68040-101-2

List of Tables

  • Table 1 Global Space-Based Solar Power market by satellite type, 2018 - 2030 (USD Million)
  • Table 2 Global Space-Based Solar Power market by application, 2018 - 2030 (USD Million)
  • Table 3 Global Space-Based Solar Power market by region, 2018 - 2030 (USD Million)
  • Table 4 North America Space-Based Solar Power market by country, 2018 - 2030 (USD Million)
  • Table 5 Europe Space-Based Solar Power market by country, 2018 - 2030 (USD Million)
  • Table 6 Asia Pacific Space-Based Solar Power market by country, 2018 - 2030 (USD Million)
  • Table 7 Latin America Space-Based Solar Power market by country, 2018 - 2030 (USD Million)
  • Table 8 MEA Space-Based Solar Power market by country, 2018 - 2030 (USD Million)
  • Table 9 Key companies launching new products/services.
  • Table 10 Key companies engaged in mergers & acquisition.
  • Table 11 Key companies engaged in Research & development.
  • Table 12 Key Companies engaged in expansion.

List of Figures

  • Fig. 1 Space-Based Solar Power market segmentation
  • Fig. 2 Market research process
  • Fig. 3 Information procurement
  • Fig. 4 Primary research pattern
  • Fig. 5 Market research approaches
  • Fig. 6 Market formulation & validation
  • Fig. 7 Space-Based Solar Power market snapshot
  • Fig. 8 Space-Based Solar Power market segment snapshot
  • Fig. 9 Space-Based Solar Power market competitive landscape snapshot
  • Fig. 10 Market driver impact analysis
  • Fig. 11 Market restraint impact analysis
  • Fig. 12 Space-Based Solar Power market: Satellite Type outlook key takeaways (USD Million)
  • Fig. 13 Space-Based Solar Power market: Satellite Type movement analysis 2024 & 2030 (USD Million)
  • Fig. 14 Microwave transmitting solar satellite Space-Based Solar Power market revenue estimates and forecasts, 2018 - 2030 (USD Million)
  • Fig. 15 Laser transmitting solar satellite Space-Based Solar Power market revenue estimates and forecasts, 2018 - 2030 (USD Million)
  • Fig. 16 Space-Based Solar Power market: Application outlook key takeaways (USD Million)
  • Fig. 17 Space-Based Solar Power market: Application movement analysis 2024 & 2030 (USD Million)
  • Fig. 18 Electricity generation Space-Based Solar Power market revenue estimates and forecasts, 2018 - 2030 (USD Million)
  • Fig. 19 Space applications Space-Based Solar Power market revenue estimates and forecasts, 2018 - 2030 (USD Million)
  • Fig. 20 Regional marketplace: Key takeaways
  • Fig. 21 Space-Based Solar Power market: Regional outlook, 2024 & 2030 (USD Million)
  • Fig. 22 North America Space-Based Solar Power market estimates and forecasts, 2018 - 2030 (USD Million)
  • Fig. 23 U.S. Space-Based Solar Power market estimates and forecasts, 2018 - 2030 (USD Million)
  • Fig. 24 Canada Space-Based Solar Power market estimates and forecasts, 2018 - 2030 (USD Million)
  • Fig. 25 Mexico Space-Based Solar Power market estimates and forecasts, 2018 - 2030 (USD Million)
  • Fig. 26 Europe Space-Based Solar Power market estimates and forecasts, 2018 - 2030 (USD Million)
  • Fig. 27 UK Space-Based Solar Power market estimates and forecasts, 2018 - 2030 (USD Million)
  • Fig. 28 Germany Space-Based Solar Power market estimates and forecasts, 2018 - 2030 (USD Million)
  • Fig. 29 France Space-Based Solar Power market estimates and forecasts, 2018 - 2030 (USD Million)
  • Fig. 30 Asia Pacific Space-Based Solar Power market estimates and forecasts, 2018 - 2030 (USD Million)
  • Fig. 31 China Space-Based Solar Power market estimates and forecasts, 2018 - 2030 (USD Million)
  • Fig. 32 Japan Space-Based Solar Power market estimates and forecasts, 2018 - 2030 (USD Million)
  • Fig. 33 India Space-Based Solar Power market estimates and forecasts, 2018 - 2030 (USD Million)
  • Fig. 34 South Korea Space-Based Solar Power market estimates and forecasts, 2018 - 2030 (USD Million)
  • Fig. 35 Australia Space-Based Solar Power market estimates and forecasts, 2018 - 2030 (USD Million)
  • Fig. 36 Latin America Space-Based Solar Power market estimates and forecasts, 2018 - 2030 (USD Million)
  • Fig. 37 Brazil Space-Based Solar Power market estimates and forecasts, 2018 - 2030 (USD Million)
  • Fig. 38 MEA Space-Based Solar Power market estimates and forecasts, 2018 - 2030 (USD Million)
  • Fig. 39 KSA Space-Based Solar Power market estimates and forecasts, 2018 - 2030 (USD Million)
  • Fig. 40 UAE Space-Based Solar Power market estimates and forecasts, 2018 - 2030 (USD Million)
  • Fig. 41 South Africa Space-Based Solar Power market estimates and forecasts, 2018 - 2030 (USD Million)
  • Fig. 42 Company Categorization
  • Fig. 43 Company Market Positioning
  • Fig. 44 Strategy framework
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