Global Satellite Solar Panels Array Market Research Report Information by Type, by Orbit, by Application, by Region Forecast till 2035

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Global Satellite Solar Panels Array Market Research Report Information by Type [Solar Array (Rigid Solar Array, Multi-Junction Solar Array, Thin-Film Solar Array), Solar Panels], by Orbit (LEO Orbit, MEO Orbit, GEO Orbit), by Application (Communication Satellites, Earth Observation Satellites, Navigation Satellites, Remote Sensing Satellites, Others), by Region (North America, Europe, Asia Pacific, Rest of World) Forecast till 2035

Industry Overview

The satellite solar panel array market is expected to be valued at USD 1,616.97 million by 2035, registering a steady 6.1% CAGR during the forecast period. Satellite solar panel arrays are large structures made up of multiple solar panels that supply electricity to satellites. They harness solar energy in orbit, ensuring the satellite remains powered throughout its mission.

One major factor leading to the expansion of the global satellite solar panel array market is the need for more satellites in the fields of communication and Earth observation. More and more satellites are being launched in the U.S., China, and the UK as these countries have turned their attention from the defense sector to the commercial and governmental priorities. As the functions that require continuous, clean power are hardly limited to global internet provision or even climate change analytics, satellite solar arrays must be those that ensure that long-duration spaceflight missions are viable.

Major Company Development

Airbus Defence and Space was able to score two significant achievements in 2024. In September, it was declared the winner by MDA Space to become the supplier of over 200 Sparkwing solar arrays with the most advanced photovoltaic design for the AURORA satellites. In December, the collaboration between Airbus and Thales under "Project Bromo," an initiative aimed at standardizing European satellite resources and thus increasing the continent's market share, especially in relation to already-established players like the Starlink network of Elon Musk, was announced.

Key Players

Major players in the global satellite solar panels array market are Airbus, Spectrolab, Lockheed Martin, Rocket Lab, Inc., Northrop Grumman, Sierra Space, Spacetech GmBH, DHV Technology, Gomspace, Isispace, AAC Clyde Space, Mitsubishi Electric, Thales Alenia Space, mPower Technology, Ascent Solar Technologies, Inc., Leonardo S.p.A., and Kongsberg NanoAvionics.

Report Attribute Details

Market Size 2024: USD 875.02 Million
Market Size 2035: USD 1,616.97 Million
CAGR (2025-2035): 6.1%
Base Year: 2024
Market Forecast Period: 2025-2035

Industry Segmentations

By Type: Solar Array - 8.7%, Solar Panels - 7.3%.
By Orbit: LEO Orbit - 8.9%, MEO Orbit - 7.4%.
By Application: Communication Satellites - 9.0%, Earth Observation Satellites - 8.7%.

Regional Analysis

North America is at the forefront of the satellite solar panel array market with the largest share of the market. The United States is at the center of activities related to defense, space exploration, and commercial constellations. The North American market stood strong in 2024, driven by the U.S. at USD 3,266.32 million and the rest of the region at USD 4.33 million.

The development of the satellite solar array market in Europe is characterized by a preference for reliable and advanced engineering with the added value of sustainable space infrastructure. The region, led by Airbus, Thales Alenia Space, and AZUR SPACE, sets the standards for re-deployable rigid panels and multi-junction arrays, which are among the world's best. Europe posted a combined value with the UK at USD 38.97 million, and the rest of Europe reached USD 129.90 million.

The Asia-Pacific region is becoming the most rapidly developing market, largely driven by strong government-supported space programs. The area's increasing ability for large-scale production and creative manufacturing is moreover assuring its speedy ascendancy in the worldwide arena. Asia-Pacific saw China at the forefront with USD 383.93 million, alongside Japan's USD 37.53 million.

The Rest of the World market is in its early stages but showing strong potential. In South America, Brazil and Argentina lead Earth observation and communication satellite projects with international cooperation. The Middle East, particularly the UAE and Saudi Arabia, is channeling resources into ambitious national space strategies, supported by European partnerships. Africa, led by South Africa and Nigeria, is prioritizing EO satellites for agriculture and environmental monitoring.

Product Code: MRFR/E&P/39350-CR

1 EXECUTIVE SUMMARY

2 MARKET INTRODUCTION

2.1 DEFINITION
2.2 SCOPE OF THE STUDY
2.3 RESEARCH OBJECTIVE
2.4 MARKET STRUCTURE

3 RESEARCH METHODOLOGY

3.1 OVERVIEW
3.2 DATA FLOW
- 3.2.1 DATA MINING PROCESS
3.3 PURCHASED DATABASE:
3.4 SECONDARY SOURCES:
- 3.4.1 SECONDARY RESEARCH DATA FLOW:
3.5 PRIMARY RESEARCH:
- 3.5.1 PRIMARY RESEARCH DATA FLOW:
- 3.5.2 PRIMARY RESEARCH: NUMBER OF INTERVIEWS CONDUCTED
- 3.5.3 PRIMARY RESEARCH: REGIONAL COVERAGE
3.6 APPROACHES FOR MARKET SIZE ESTIMATION:
- 3.6.1 CONSUMPTION & NET TRADE APPROACH
- 3.6.2 REVENUE ANALYSIS APPROACH
3.7 DATA FORECASTING
- 3.7.1 DATA FORECASTING TECHNIQUE
3.8 DATA MODELING
- 3.8.1 MICROECONOMIC FACTOR ANALYSIS:
- 3.8.2 DATA MODELING:
3.9 TEAMS AND ANALYST CONTRIBUTION

4 MARKET DYNAMICS

4.1 INTRODUCTION
4.2 DRIVERS
- 4.2.1 GROWING SATELLITE LAUNCHES FOR COMMUNICATION & EARTH OBSERVATION
- 4.2.2 INNOVATIONS IN SOLAR CELL TECHNOLOGY
4.3 RESTRAINTS
- 4.3.1 HARSH SPACE ENVIRONMENT
- 4.3.2 HIGH COST OF MANUFACTURING AND DEPLOYMENT
4.4 OPPORTUNITY
- 4.4.1 EMERGENCE OF LOW-COST LAUNCH PROVIDERS
- 4.4.2 RISING GOVERNMENMT EXPENDITURE ON SPACE PROGRAMS

5 MARKET FACTOR ANALYSIS

5.1 SUPPLY/VALUE CHAIN ANALYSIS
- 5.1.1 RAW MATERIAL SOURCING
- 5.1.2 COMPONENT MANUFACTURING
  - 5.1.2.1 LIST OF MANUFACTURERS (COMPANY NAME, HEADQUARTER, CONTACT DETAILS)
- 5.1.3 MODULE ASSEMBLY AND INTEGRATION
- 5.1.4 SATELLITE SYSTEM INTEGRATION
- 5.1.5 END-USERS
  - 5.1.5.1 CUSTOMER NEED, PREFERENCES, PAIN POINTS, & END USE INDUSTRIES
5.2 PORTER'S FIVE FORCES MODEL
- 5.2.1 THREAT OF NEW ENTRANTS
- 5.2.2 THREAT OF SUBSTITUTES
- 5.2.3 BARGAINING POWER OF SUPPLIERS
- 5.2.4 BARGAINING POWER OF BUYERS
- 5.2.5 INTENSITY OF RIVALRY
5.3 PRICING ANALYSIS, 2019-2035, USD/W
- 5.3.1 GLOBAL SATELLITE SOLAR PANELS ARRAY MARKE PRICING, BY ORBIT 2019-2035 (USD/W)
- 5.3.2 GLOBAL SATELLITE SOLAR PANELS ARRAY MARKE PRICING, BY COUNTRY 2019-2035 (USD/W)
  - 5.3.2.1 NORTH AMERICA
  - 5.3.2.2 EUROPE
  - 5.3.2.3 ASIA PACIFIC
5.4 OVERVIEW OF TECHNOLOGICAL ADVANCEMENT
- 5.4.1 ADVANCED PHOTOVOLTAIC CELL MATERIALS
- 5.4.2 FLEXIBLE AND DEPLOYABLE STRUCTURES
- 5.4.3 RADIATION-HARDENED AND DURABLE DESIGNS
- 5.4.4 SOLID-STATE POWER CONTROL AND SMART POWER DISTRIBUTION
5.5 R&D UPDATES
- 5.5.1 CURRENT SCENARIO
- 5.5.2 FUTURE ROADMAP
- 5.5.3 CHALLENGES
- 5.5.4 KEY DEVELOPMENTS
- 5.5.5 NOVEL APPLICATIONS
5.6 REGULATORY UPDATES
5.7 GOVERNMENT POLICY
5.8 BROAD LEVEL GAP ANALYSIS TO UNDERSTAND UNTAPPED AREAS
- 5.8.1 BASED ON TYPE
- 5.8.2 BASED ON APPLICATION
5.9 PESTLE ANALYSIS

6 GLOBAL SATELLITE SOLAR PANELS ARRAY MARKET, BY TYPE

6.1 INTRODUCTION
- 6.1.1 SOLAR ARRAY
  - 6.1.1.1 RIGID SOLAR ARRAY
  - 6.1.1.2 MULTI-JUNCTION SOLAR ARRAY
  - 6.1.1.3 THIN-FILM SOLAR ARRAY
- 6.1.2 SOLAR PANELS

7 GLOBAL SATELLITE SOLAR PANELS ARRAY MARKET, BY ORBIT

7.1 INTRODUCTION
- 7.1.1 LEO ORBIT
- 7.1.2 MEO ORBIT
- 7.1.3 GEO ORBIT

8 GLOBAL SATELLITE SOLAR PANELS ARRAY MARKET, BY APPLICATION

8.1 INTRODUCTION
- 8.1.1 COMMUNICATION SATELLITES
- 8.1.2 EARTH OBSERVATION SATELLITES
- 8.1.3 NAVIGATION SATELLITES
- 8.1.4 REMOTE SENSING SATELLITES
- 8.1.5 OTHERS

9 GLOBAL SATELLITE SOLAR PANELS ARRAY MARKET, BY REGION

9.1 INTRODUCTION
9.2 NORTH AMERICA
- 9.2.1 US
- 9.2.2 REST OF NORTH AMERICA
9.3 EUROPE
- 9.3.1 UK
- 9.3.2 REST OF EUROPE
9.4 ASIA-PACIFIC
- 9.4.1 CHINA
- 9.4.2 JAPAN
- 9.4.3 REST OF ASIA PACIFIC
9.5 REST OF WORLD

10 COMPETITIVE LANDSCAPE

10.1 INTRODUCTION
10.2 COMPETITION DASHBOARD
10.3 COMPANY MARKET SHARE ANALYSIS, 2024
10.4 COMPARATIVE ANALYSIS: KEY PLAYERS FINANCIAL, 2024
10.5 KEY DEVELOPMENTS & GROWTH STRATEGIES
- 10.5.1 CAPACITY EXPANSION
- 10.5.2 NEW PRODUCT LAUNCH
- 10.5.3 ACQUISITION
- 10.5.4 PARTNERSHIP
- 10.5.5 RECOGNITION

11 COMPANY PROFILES

11.1 AIRBUS DEFENCE AND SPACE
- 11.1.1 COMPANY OVERVIEW
- 11.1.2 FINANCIAL OVERVIEW
- 11.1.3 PRODUCTS OFFERED
- 11.1.4 KEY DEVELOPMENTS
- 11.1.5 SWOT ANALYSIS
- 11.1.6 KEY STRATEGY
11.2 SPECTROLAB
- 11.2.1 COMPANY OVERVIEW
- 11.2.2 FINANCIAL OVERVIEW
- 11.2.3 PRODUCTS OFFERED
- 11.2.4 KEY DEVELOPMENTS
- 11.2.5 SWOT ANALYSIS
- 11.2.6 KEY STRATEGY
11.3 LOCKHEED MARTIN
- 11.3.1 COMPANY OVERVIEW
- 11.3.2 FINANCIAL OVERVIEW
- 11.3.3 PRODUCTS OFFERED
- 11.3.4 KEY DEVELOPMENTS
- 11.3.5 SWOT ANALYSIS
- 11.3.6 KEY STRATEGY
11.4 ROCKET LAB, INC.
- 11.4.1 COMPANY OVERVIEW
- 11.4.2 FINANCIAL OVERVIEW
- 11.4.3 PRODUCTS OFFERED
- 11.4.4 KEY DEVELOPMENTS
- 11.4.5 SWOT ANALYSIS
- 11.4.6 KEY STRATEGY
11.5 NORTHROP GRUMMAN
- 11.5.1 COMPANY OVERVIEW
- 11.5.2 FINANCIAL OVERVIEW
- 11.5.3 PRODUCTS OFFERED
- 11.5.4 KEY DEVELOPMENTS
- 11.5.5 SWOT ANALYSIS
- 11.5.6 KEY STRATEGY
11.6 SIERRA SPACE
- 11.6.1 COMPANY OVERVIEW
- 11.6.2 FINANCIAL OVERVIEW
- 11.6.3 PRODUCTS OFFERED
- 11.6.4 KEY DEVELOPMENTS
- 11.6.5 SWOT ANALYSIS
- 11.6.6 KEY STRATEGY
11.7 SPACETECH GMBH
- 11.7.1 COMPANY OVERVIEW
- 11.7.2 FINANCIAL OVERVIEW
- 11.7.3 PRODUCTS OFFERED
- 11.7.4 KEY DEVELOPMENTS
- 11.7.5 SWOT ANALYSIS
- 11.7.6 KEY STRATEGY
11.8 DHV TECHNOLOGY
- 11.8.1 COMPANY OVERVIEW
- 11.8.2 FINANCIAL OVERVIEW
- 11.8.3 PRODUCTS OFFERED
- 11.8.4 KEY DEVELOPMENTS
- 11.8.5 SWOT ANALYSIS
- 11.8.6 KEY STRATEGY
11.9 GOMSPACE
- 11.9.1 COMPANY OVERVIEW
- 11.9.2 FINANCIAL OVERVIEW
- 11.9.3 PRODUCTS OFFERED
- 11.9.4 KEY DEVELOPMENTS
- 11.9.5 SWOT ANALYSIS
- 11.9.6 KEY STRATEGY
11.10 ISISPACE GROUP
- 11.10.1 COMPANY OVERVIEW
- 11.10.2 FINANCIAL OVERVIEW
- 11.10.3 PRODUCTS OFFERED
- 11.10.4 KEY DEVELOPMENTS
- 11.10.5 SWOT ANALYSIS
- 11.10.6 KEY STRATEGY
11.11 AAC CLYDE SPACE
- 11.11.1 COMPANY OVERVIEW
- 11.11.2 FINANCIAL OVERVIEW
- 11.11.3 PRODUCTS OFFERED
- 11.11.4 KEY DEVELOPMENTS
- 11.11.5 SWOT ANALYSIS
- 11.11.6 KEY STRATEGY
11.12 MITSUBISHI ELECTRIC
- 11.12.1 COMPANY OVERVIEW
- 11.12.2 FINANCIAL OVERVIEW
- 11.12.3 PRODUCTS OFFERED
- 11.12.4 KEY DEVELOPMENTS
- 11.12.5 SWOT ANALYSIS
- 11.12.6 KEY STRATEGY
11.13 THALES ALENIA SPACE
- 11.13.1 COMPANY OVERVIEW
- 11.13.2 FINANCIAL OVERVIEW
- 11.13.3 PRODUCTS OFFERED
- 11.13.4 KEY DEVELOPMENTS
- 11.13.5 SWOT ANALYSIS
- 11.13.6 KEY STRATEGY
11.14 MPOWER TECHNOLOGY
- 11.14.1 COMPANY OVERVIEW
- 11.14.2 FINANCIAL OVERVIEW
- 11.14.3 PRODUCTS OFFERED
- 11.14.4 KEY DEVELOPMENTS
- 11.14.5 SWOT ANALYSIS
- 11.14.6 KEY STRATEGY
11.15 ASCENT SOLAR TECHNOLOGIES, INC.
- 11.15.1 COMPANY OVERVIEW
- 11.15.2 FINANCIAL OVERVIEW
- 11.15.3 PRODUCTS OFFERED
- 11.15.4 KEY DEVELOPMENTS
- 11.15.5 SWOT ANALYSIS
- 11.15.6 KEY STRATEGY
11.16 LEONARDO S.P.A.
- 11.16.1 COMPANY OVERVIEW
- 11.16.2 FINANCIAL OVERVIEW
- 11.16.3 PRODUCTS OFFERED
- 11.16.4 KEY DEVELOPMENTS
- 11.16.5 SWOT ANALYSIS
- 11.16.6 KEY STRATEGY
11.17 KONGSBERG NANOAVIONICS
- 11.17.1 COMPANY OVERVIEW
- 11.17.2 FINANCIAL OVERVIEW
- 11.17.3 PRODUCTS OFFERED
- 11.17.4 KEY DEVELOPMENTS
- 11.17.5 SWOT ANALYSIS
- 11.17.6 KEY STRATEGY
11.18 DATA CITATIONS