The Space power electronics market size was valued at USD 278.63 million in 2023 and is projected to reach USD 913.52 million by 2031 with a growing CAGR of 16% Over the Forecast Period 2024-2031.
Space power electronics is the use of electronics in satellites, spacecraft, open cars, space stations, and rovers to control and convert electrical energy from one form to another. It is responsible for processing high voltage and currents to deliver power that supports a variety of needs. According to the National Aeronautics and Space Administration, a power system can integrate a modular power electronic subsystem (PESS) connected to a source and load it into its inlet and outlet power holes, respectively. Semiconductor devices such as metal-oxide-semiconductor field-effect transistors (MOSFET), insulated gate bipolar transistors (IGBT), mos-controlled thyristors (MCT), and gate-turn-off thyristors (GTO) are represented. room stone for modem power converters.
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KEY DRIVERS
The semiconductor material used to make space cables has made significant strides in the last few decades. The materials used for the wide bandgap semiconductor have a certain interest, which has given a significant improvement in performance beyond the current level, silicon, due to the increased demand for materials such as silicon carbide (SiC) and gallium nitride (GaN). These broad bandgap materials can operate at high temperatures of up to 200 ° C as long as the package cannot withstand this, while silicon is limited to 150 ° C. A wide semiconductor bandgap can handle 10 times more voltage compared to silicon and the switching speed/frequency of SiC and GaN is also 10 times higher than silicon. GaN and SiC electric semiconductors are expected to make significant progress in the energy industry over the next decade and will have a combined 13% share in the semiconductor energy market by 2024.
RESTRAINTS
Many space agencies and nonprofit organizations are trying to improve the technology used in the atmosphere to improve their reliability by improving emissions by reducing energy losses. At the same time, they are trying to reduce the cost of electronic power space. They have developed electromagnetic properties of electromagnetic energy so that they can tolerate strong radioactive environments with better long-term accuracy. Players working in the electronics industry are focused on combining multiple functions into a single chip, leading to a more complex design.
In addition, the design and assembly of complex devices require specialized skills, robust operation, and a set of specific tools, which increase the total cost of devices. Therefore, the high cost of devices is expected to hamper the process of switching to advanced technology equipment. Later, flexible technology creates the need for more performance to integrate into system-on-chips (SoCs), making devices smaller and more efficient. All of these changes in atmospheric energy make their structure more complex and increase the complexity of the assembling process.
OPPORTUNITIES
In the current situation, satellite manufacturers are looking for compact power converters. The combination of converters benefits designers who need a galvanically separated output power or noise reduction in an analog cycle. A smaller version of DC-DC converters will provide much lower noise output with an extended operating temperature, which will result in higher switching frequencies. As a result, converters will deliver higher efficiency. Therefore, market players have the opportunity to reduce device size to make DC-DC converters more efficient
CHALLENGES
The first challenge of atmospheric electronics is the vibration set by the launch car. When a spacecraft leaves Earth's atmosphere there are many local changes such as temperature changes and pressures that need to be handled electronically.
High levels of pollution in the upper areas can contribute to electrostatic emissions. Satellites are also at risk of being charged and charged. Satellite charging is the difference in electrostatic power of a satellite, in relation to the plasma with low-density plasma around the satellite. The charging rate depends on satellite and orbit configurations. Two main mechanisms are responsible for charging plasma bombardment and photoelectric effects. Up to 20,000 V emissions are known to occur on satellites in geosynchronous channels. The atmosphere in LEO is made up of about 96% of atomic oxygen.
THE IMPACT OF COVID-19
The COVID-19 epidemic has wreaked havoc on the world's economic activities. The production of electrical energy in the atmosphere, underground systems, and components has also had an impact. Although satellite systems are very important, disruptions in the supply chain have halted their current production processes. The resumption of production activities depends on the level of exposure to COVID-19, the level at which production operations are performed, and the import and export regulations, among other factors. While companies may still take orders, delivery schedules may not be adjusted.
By Device Type
Power Discrete
Power Module
Power IC
By Application
Satellite
Spacecraft & Launch Vehicle
Rovers
Space stations
By Platform type
Power
Command and data handling
ADCS
Propulsion
TT&C
Structure
Thermal System
By Voltage
Low Voltage
Medium Voltage
High Voltage
By Current
Upto 25A
25-50A
Over 50A
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
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The Key Players are Infineon Technologies, Texas Instrument Incorporated, STMicroelectronics, Bonkemi, Renesas Electronics Corporation & Other Players.
Texas Instrument Incorporated-Company Financial Analysis
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | US$ 278.63 Million |
| Market Size by 2031 | US$ 913.52 Million |
| CAGR | CAGR of 16% From 2024 to 2031 |
| Base Year | 2023 |
| Forecast Period | 2024-2031 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Device Type (Power Discrete, Power Module, Power IC) • By Application (Satellites, Spacecraft & Launch Vehicles, Space Stations, Rovers) • By Platform • By Voltage • By Current • By Material |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, 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) |
| Company Profiles | Infineon Technologies, Texas Instrument Incorporated, STMicroelectronics, Bonkemi, and Renesas Electronics Corporation |
Ans: The Space Power Electronics Market is growing at a CAGR of 16% Over the Forecast Period 2024-2031.
In the current situation, satellite manufacturers are looking for compact power converters. The combination of converters benefits designers who need a galvanically separated output power or noise reduction in an analog cycle. A smaller version of DC-DC converters will provide much lower noise output with an extended operating temperature, which will result in higher switching frequencies.
The first challenge of atmospheric electronics is the vibration set by the launch car. When a spacecraft leaves Earth's atmosphere there are many local changes such as temperature changes and pressures that need to be handled electronically.
Ans: The Space Power Electronics Market size was valued at US$ 278.63 million in 2023.
North America, Asia-Pacific, The Middle East & Africa, Latin America, Europe are the major five region covered in this report.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Space Power Electronics Market, By Device Type
8.1 Power Discrete
8.2 Power Module
8.3 Power IC
9. Space Power Electronics Market, By Application
9.1 Satellite
9.2 Spacecraft & Launch Vehicle
9.3 Rovers
9.4 Space stations
10. Space Power Electronics Market, By Platform type
10.1 Power
10.2 Command and data handling
10.3 ADCS
10.4 Propulsion
10.5 TT&C
10.6 Structure
10.7 Thermal system
11. Space Power Electronics Market, By Voltage
11.1 Low Voltage
11.2 Medium Voltage
11.3 High Voltage
12. Space Power Electronics Market, By Current
12.1 Upto 25A
12.2 25-50A
12.4 Over 50A
13. Regional Analysis
13.1 Introduction
13.2 North America
13.2.1 USA
13.2.2 Canada
13.2.3 Mexico
13.3 Europe
13.3.1 Germany
13.3.2 UK
13.3.3 France
13.3.4 Italy
13.3.5 Spain
13.3.6 The Netherlands
13.3.7 Rest of Europe
13.4 Asia-Pacific
13.4.1 Japan
13.4.2 South Korea
13.4.3 China
13.4.4 India
13.4.5 Australia
13.4.6 Rest of Asia-Pacific
13.5 The Middle East & Africa
13.5.1 Israel
13.5.2 UAE
13.5.3 South Africa
13.5.4 Rest
13.6 Latin America
13.6.1 Brazil
13.6.2 Argentina
13.6.3 Rest of Latin America
14. Company Profiles
14.1 HITACHI LTD.
14.1.1 Financial
14.1.2 Products/ Services Offered
14.1.3 SWOT Analysis
14.1.4 The SNS view
14.2 AB VOLVO
14.3 CATTERPILLAR INC.
14.4 CNH INDUSTRIAL N.V
14.5 DEERE AND COMPANY
14.6 DOOSAN INFRACOE CO.LTD
14.7 J C BAMFORD EXCAVATORS. LTD.
14.8 KOMATSU LTD.
14.9 Liebherr-international AG
14.10 XCMG GROUP
15. Competitive Landscape
15.1 Competitive Benchmark
15.2 Market Share Analysis
15.3 Recent Developments
16. Conclusion
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