Space-Based Solar Power Market Report (2030 - 2035) - Size and Share Analysis, Industry Trends, and Growth Forecasts

Description

Key Insights

The space-based solar power market will reach USD 4,151.2 million in 2030, and it will further grow at a 4.5% CAGR to reach USD 5,166.4 million, by 2035.

The industry is largely influenced by the growing need for renewable and clean energy worldwide. Government organizations and companies are continuously searching for alternatives to conventional energy sources.

The rising utilization of electronic devices, industrialization, and surging population are the major factors that are resulting in the rising emphasis on these energy resources.

Space-based solar power can provide a constant supply of renewable energy without interference by the day-night cycle and weather.

This technology has great potential to cater to the rising need for energy while decreasing the effects of climate change and greenhouse gas emissions.

Space-based solar power, in the past, faced several challenges, including expensive satellite launches, the requirement for intricate facilities, and less energy transfer.

However, Technological advancements and improvements in PV materials, along with the idea of multiple satellite launches, have formed a growth opportunity for the industry.

These improvements in technologies are because of the increasing capital, collaboration among space agencies of different nations, and rising research efforts.

These improvements seek to improve the viability and cost of SBSP, which is promoting the further expansion and commercialization of this developing technology.

New ideas like portable solar cells, which are grounded on, laser technology, automation, and microwave technology are now being researched by academic institutions and businesses.

Key Insights

North America will be the largest contributor to the industry. This continent has an advanced space exploration environment, which comprises satellite manufacturing sites, space station associations, and launch facilities.

Regional governments and reputable aerospace firms are also funding in space-based solar power technology development.

The microwave-transmitting solar satellites category will be the largest contributor to the industry in 2030, with an 80% share.

These satellites are a well-known as well as proven vehicles that have been subjected to substantial studies. This has built trust in them among investors and organizations.

The electricity generation category will account for the leading share in 2030. This can be ascribed to the surging need for power in different sectors and the rising emphasis on generating power sustainably.

The power produced by the SBSP setup can be transmitted to different remote areas smoothly, without any wired connection. It can offer renewable and consistent energy for businesses, industries, and homes.

The government and defense category is expected to lead the industry in 2030. This will be because governments are largely investing and taking the required initiatives to guarantee a constant electricity supply and enhance energy security.

Defense agencies demand durability and reliability, and they rely on a continuous energy supply for important tasks in remote or harsh environments.

The space-based solar power industry is expected to be highly competitive because of the appearance of many different players. The top players are reforming their technologies to guarantee security and durability.

Some international and national companies are contending to attain the top spot in the industry. The potential competitors are also boosting the challenges for the old companies, which is driving them to innovate regularly.

Product Code: 12924

Chapter 1. Research Scope

1.1. Research Objectives
1.2. Market Definition
1.3. Analysis Period
1.4. Market Size Breakdown by Segments
- 1.4.1. Market size breakdown, by satellite type
- 1.4.2. Market size breakdown, by application
- 1.4.3. Market size breakdown, by end user
- 1.4.4. Market size breakdown, by region
1.5. Market Data Reporting Unit
- 1.5.1. Value
1.6. Key Stakeholders

Chapter 2. Research Methodology

2.1. Secondary Research
- 2.1.1. Paid
- 2.1.2. Unpaid
- 2.1.3. P&S Intelligence database
2.2. Primary Research
2.3. Market Size Estimation
2.4. Data Triangulation
2.5. Currency Conversion Rates
2.6. Assumptions for the Study
2.7. Notes and Caveats

Chapter 3. Executive Summary

Chapter 4. Voice of Industry Experts/KOLs

Chapter 5. Market Indicators

Chapter 6. Industry Outlook

6.1. Market Dynamics
- 6.1.1. Trends
- 6.1.2. Drivers
- 6.1.3. Restraints/challenges
- 6.1.4. Impact analysis of drivers/restraints
6.2. Impact of COVID-19
6.3. Porter's Five Forces Analysis
- 6.3.1. Bargaining power of buyers
- 6.3.2. Bargaining power of suppliers
- 6.3.3. Threat of new entrants
- 6.3.4. Intensity of rivalry
- 6.3.5. Threat of substitutes
6.4. Value Chain Analysis
6.5. Technology Analysis
6.6. Regulatory Framework

Chapter 7. Competitive Landscape

7.1. List of Market Players and their Offerings
7.2. Competitive Benchmarking of Key Players
7.3. Product Benchmarking of Key Players
7.4. Recent Strategic Developments
7.5. Investment by Players

Chapter 8. Global Market

8.1. Overview
8.2. Market Revenue, by Satellite Type (2017-2030)
8.3. Market Revenue, by Application (2017-2030)
8.4. Market Revenue, by End User (2017-2030)
8.5. Market Revenue, by Region (2017-2030)

Chapter 9. North America Market

9.1. Overview
9.2. Market Revenue, by Satellite Type (2017-2030)
9.3. Market Revenue, by Application (2017-2030)
9.4. Market Revenue, by End User (2017-2030)
9.5. Market Revenue, by Country (2017-2030)

Chapter 10. Europe Market

10.1. Overview
10.2. Market Revenue, by Satellite Type (2017-2030)
10.3. Market Revenue, by Application (2017-2030)
10.4. Market Revenue, by End User (2017-2030)
10.5. Market Revenue, by Country (2017-2030)

Chapter 11. APAC Market

11.1. Overview
11.2. Market Revenue, by Satellite Type (2017-2030)
11.3. Market Revenue, by Application (2017-2030)
11.4. Market Revenue, by End User (2017-2030)
11.5. Market Revenue, by Country (2017-2030)

Chapter 12. LATAM Market

12.1. Overview
12.2. Market Revenue, by Satellite Type (2017-2030)
12.3. Market Revenue, by Application (2017-2030)
12.4. Market Revenue, by End User (2017-2030)
12.5. Market Revenue, by Country (2017-2030)

Chapter 13. MEA Market

13.1. Overview
13.2. Market Revenue, by Satellite Type (2017-2030)
13.3. Market Revenue, by Application (2017-2030)
13.4. Market Revenue, by End User (2017-2030)
13.5. Market Revenue, by Country (2017-2030)

Chapter 14. Company Profiles

14.1. Northrop Grumman
- 14.1.1. Business overview
- 14.1.2. Product and service offerings
- 14.1.3. Key financial summary
14.2. AZUR SPACE Solar Power GmbH
- 14.2.1. Business overview
- 14.2.2. Product and service offerings
- 14.2.3. Key financial summary
14.3. Fralock
- 14.3.1. Business overview
- 14.3.2. Product and service offerings
- 14.3.3. Key financial summary
14.4. EMROD Inc.
- 14.4.1. Business overview
- 14.4.2. Product and service offerings
- 14.4.3. Key financial summary
14.5. The Boeing Company
- 14.5.1. Business overview
- 14.5.2. Product and service offerings
- 14.5.3. Key financial summary
14.6. SolAero Technologies
- 14.6.1. Business overview
- 14.6.2. Product and service offerings
- 14.6.3. Key financial summary
14.7. Airbus
- 14.7.1. Business overview
- 14.7.2. Product and service offerings
- 14.7.3. Key financial summary
14.8. SpaceTech
- 14.8.1. Business overview
- 14.8.2. Product and service offerings
- 14.8.3. Key financial summary
14.9. Virtus Solis Technologies
- 14.9.1. Business overview
- 14.9.2. Product and service offerings
- 14.9.3. Key financial summary

Chapter 15. Appendix

15.1. Abbreviations
15.2. Sources and References
15.3. Related Reports