Space DC-DC Converter Market Report Scope & Overview:

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The Space DC-DC Converter Market size was valued at USD 41.65 million in 2023 and is expected to reach USD 118.31 million by 2032 with a growing CAGR of 12.3% over the forecast period 2024-2032.

During the analysis period, market segments played an important part in strengthening the global DC-DC Converter Market. The 3 VDC is expected to grow at a stable CAGR over the evaluation period since it requires less loads to operate. Similarly, the satellite power control units make heavy use of this voltage range. The 24 VDC, on the other hand, is expected to have the greatest CAGR throughout the study period. This segment contains many loads, including the telemetry and Tele-command unit, the magnetometer, the reaction wheel, and the payload, power, and data handling unit, which requires 24 VDC to operate.

MARKET DYNAMICS

KEY DRIVERS

• Large Scale Market

• Private firms

• Faster Growing market

RESTRAINTS

• Growing volume

• High-Frequency Noise

• High input Voltage

• Dropping Revenue

OPPORTUNITIES

• Lucrative growth.

• Weather monitoring

• National defense

CHALLENGES

• Strident regulations

• High Cost.

• Low-noise performance

• Overheating

THE IMPACT OF COVID-19

COVID-19 is an unexpected global public health crisis that has impacted nearly every business, and the long-term impacts are expected to have an influence on industry growth throughout the projection period. Our continuing study expands our research methodology to include fundamental COVID-19 concerns and relevant next steps. The research provides insights on COVID-19 by taking into account changes in consumer behavior and demand, purchasing patterns, supply chain re-routing, the dynamics of contemporary market forces, and substantial government initiatives. The revised report contains insights, analysis, estimates, and predictions based on the COVID-19 market effect.

IMPACT OF UKRAINE AND RUSSIA CRISIS

We are constantly checking and updating information on the political and economic uncertainties caused by Russia's invasion of Ukraine. Negative consequences are widely anticipated across the world, particularly in Eastern Europe, the European Union, Eastern and Central Asia, and the United States. This dispute has had a significant impact on people's lives and livelihoods, as well as caused significant disruptions in trade patterns. The possible implications of the ongoing war and instability in Eastern Europe are projected to have a negative influence on the global economy, with Russia bearing the brunt of the long-term consequences.

DC-DC Converter Market Share for Space: By Input Voltage Type

The market is divided into three segments based on the input voltage type: 12V, 12-40V, and 40-75V. The >75V sector is expected to be the fastest-growing. Because high-voltage DC is more efficient at powering future telecommunication systems such as 3G, 4G, and 5G systems, the global increase in demand for 4G and 5G services will boost demand for DC-DC converters throughout the projected period.

DC-DC Converter Market Share for Space: By Output Voltage Type

The market is divided into three segments based on output voltage: 3.3V, 5V, and 12V. The 12V systems are expected to increase the most in the next five years. Demand for 12V DC-DC converters is growing due to benefits over low voltage DC-DC converters such as cost-effectiveness, small size, and higher power.

DC-DC Converter Market Share for Space: By Output Power Type

The market is divided into three segments based on output power: 10W, 10-29W, and 30-99W. During the projection period, the 1,000W is predicted to have the greatest CAGR. The growing need for electronic products in the military for military aircraft and weapon systems, automation in the industrial sector, and rising demand for healthcare equipment are driving the global market for DC-DC converters. 

DC-DC Converter Market Share for Space: By Type

The market is divided into isolated and non-isolated segments based on the product type. The fastest-growing sector is non-isolated DC-DC converters. This category is expanding at a faster pace as worldwide demand for CPUs, cell phones, memory power supplies, and point-of-load modules rises.

KEY MARKET SEGMENTATION

By Output Voltage

• 3.3V

• 5V

• 12V

• 15V

• 28V

By Application

• Attitude & Orbital Control System

• Surface Mobility & Navigation Systems

• Command & Data Handling System

• Environmental Monitoring Systems

• Satellite Thermal Power Box

• Electric Power Subsystem

• Power Conditioning Unit

• Others

By Output Power

• <10W

• 10-29W

• 30-99W

• 100-250W

• 250-500W

• 500-1,000W

• >1,000W

By Input Voltage

• <12V

• 12-40V

• 40-75V

• >75V

By Type

• Isolated

• Non-Isolated

By Form Factor

• Chassis Mount

• Enclosed

• Brick

• Discrete

By Platform

• Satellites

• Capsules/Cargos

• Interplanetary Spacecraft & Probes

• Rovers/Spacecraft Landers

• Launch Vehicles

REGIONAL ANALYSIS

As reported by the DC-DC Converter Market Forecast, the current market covers many regions such as Europe, Middle East & Africa, Asia-Pacific, North America, and Latin America. The North American regional market is expected to lead the DC-DC Conversion Market and is expected to continue with the larger regional market during the study. The region is growing as a result of increased investment in the development of advanced satellites by various independent firms and space agencies. In addition, the European DC-DC Converter Market is expected to be the second-largest market in the forecast period due to the growth of exploration activities in Germany, Russia, France, and the UK. Also, the region contains major players such as Infineon Technologies AG, Thales Group, Asp Equipment GmbH, and Airbus SAS, which promotes the DC-DC Market Growth in the region. Outside of these areas, the Middle East African market includes Israel, the UAE, and Saudi Arabia. This regional market is growing due to the growing demand for communications and navigation satellites in Saudi Arabia and the UAE. In addition, the Latin American DC-DC Converter Market is growing as a result of the increasing use of satellite imagery to control illegal migration, deforestation monitoring, and the collection of intelligence on drug trafficking by rebel groups in the region.

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REGIONAL COVERAGE:

North America

• USA

• Canada

• Mexico

Europe

• Germany

• UK

• France

• Italy

• Spain

• The Netherlands

Rest of Europe

Asia-Pacific

• Japan

• South Korea

• China

• India

• Australia

• Rest of Asia-Pacific

The Middle East & Africa

• Israel

• UAE

• South Africa

• Rest of Middle East & Africa

Latin America

• Brazil

• Argentina

• Rest of Latin America

KEY PLAYERS

The Key Players are Synqor Inc, Thales Group, Crane Aerospace and Electronics, Asp Equipment GmbH, Airbus SAS, Vicor Corporation, VPT Power Inc, Infineon Technologies AG, Steel S.P.A, Microsemi Corporation, UTC Aerospace Systems, Texas Instruments & Other Players