Space Based Solar Power Market Report: Trends, Forecast and Competitive Analysis to 2030

Space Based Solar Power Trends and Forecast

The future of the global space based solar power market looks promising with opportunities in the electricity generation and space applications markets. The global space based solar power market is expected to reach an estimated $0.9 billion by 2030 with a CAGR of 7.9% from 2024 to 2030. The major drivers for this market are increased funding for environmentally friendly electricity production and the enforcement of strict government laws against pollution.

A more than 150-page report is developed to help in your business decisions.

Space Based Solar Power by Segment

The study includes a forecast for the global space based solar power by satellite design type, application, and region

Space Based Solar Power Market by Satellite Design Type [Shipment Analysis by Value from 2018 to 2030]:

• Microwave Transmitting satellite
• Laser Transmitting Satellite

Space Based Solar Power Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Electricity Generation
• Space Applications

Space Based Solar Power Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Space Based Solar Power Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies space based solar power companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the space based solar power companies profiled in this report include-

• The Boeing Company
• Japan Aerospace Exploration Agency
• Spacetech
• Solaero Technologies Corporation
• Fralock Innovative Materials Manufacturing & Automation
• Solaren Corporation
• Airborne
• Azur Space Solar Power
• Northrop Grumman Corporation
• Cesi

Space Based Solar Power Market Insights

Lucintel forecast that laser transmitting satellite is expected to witness highest growth over the forecast period.

Within this market, industrial will remain the largest segment.

APAC is expected to witness highest growth over the forecast period.

Features of the Global Space Based Solar Power Market

Market Size Estimates: Space based solar power market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Space based solar power market size by satellite design type, application, and region in terms of value ($B).

Regional Analysis: Space based solar power market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different satellite design type, application, and regions for the space based solar power market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the space based solar power market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q.1 What is the space based solar power market size?

Answer: The global space based solar power market is expected to reach an estimated $0.9 billion by 2030.

Q.2 What is the growth forecast for space based solar power market?

Answer: The global space based solar power market is expected to grow with a CAGR of 7.9% from 2024 to 2030.

Q.3 What are the major drivers influencing the growth of the space based solar power market?

Answer: The major drivers for this market increased funding for environmentally friendly electricity production and the enforcement of strict government laws against pollution

Q4. What are the major segments for space based solar power market?

Answer: The future of the space based solar power market looks promising with opportunities in the residential, commercial and industrial markets.

Q5. Who are the key Space Based Solar Power Market companies?

Answer: Some of the key space based solar power companies are as follows:

• The Boeing Company
• Japan Aerospace Exploration Agency
• Spacetech
• Solaero Technologies Corporation
• Fralock Innovative Materials Manufacturing & Automation
• Solaren Corporation
• Airborne
• Azur Space Solar Power
• Northrop Grumman Corporation
• Cesi

Q6. Which space based solar power market segment will be the largest in future?

Answer: Lucintel forecast that laser transmitting satellite is expected to witness highest growth over the forecast period.

Q7. In space based solar power market, which region is expected to be the largest in next 5 years?

Answer: APAC is expected to witness highest growth over the forecast period.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the space based solar power market by satellite design type (microwave transmitting satellite and laser transmitting satellite), application (electricity generation and space applications), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?