Space Solar Panel and Array Market

Solar power generation is the predominant method of power generation on small spacecraft. As of 2020, approximately 85% of all nanosatellite form factor spacecraft were equipped with solar panels and rechargeable batteries. Limitations to solar cell use include diminished efficacy in deep-space applications, no generation during eclipse periods, degradation over mission lifetime (due to aging and radiation), high surface area, mass, and cost. In order to pack more solar cells into limited volume in SmallSats and NanoSats, mechanical deployment mechanisms can be added, which may increase spacecraft design complexity, reliability, as well as risks. Photovoltaic cells, or solar cells, are made from thin semiconductor wafers that produce electric current when exposed to light. The light available to a spacecraft solar array, also called solar intensity, varies as the inverse square of the distance from the Sun. The projected surface area of the panels exposed to the Sun also affects generation, and varies as a cosine of the angle between said panel and the Sun.While single junction cells are cheap to manufacture, they carry a relatively low efficiency, usually less than 20%, and are not included in Space Solar Panel and Array Market . Modern spacecraft designers favor multi-junction solar cells made from multiple layers of light-absorbing materials that efficiently convert specific wavelength regions of the solar spectrum into energy, thereby using a wider spectrum of solar radiation.The Space Solar Panel and Array industry can be broken down into several segments, Space Solar Panel, Space Solar Array, etc.

Space Solar Panel and Array Market contains market size and forecasts of Space Solar Panel and Array in global, including the following market information:

Global Space Solar Panel and Array Market Revenue, 2017-2022, 2023-2028, ($ millions)

Global Space Solar Panel and Array Market Sales, 2017-2022, 2023-2028, (KW)

Global top five Space Solar Panel and Array companies in 2021 (%)

The global Space Solar Panel and Array market was valued at 203.7 million in 2021 and is projected to reach US$ 623.3 million by 2028, at a CAGR of 17.3% during the forecast period.

The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.

Space Solar Panel Segment to Reach $ Million by 2028, with a % CAGR in next six years.

The global key manufacturers of Space Solar Panel and Array include SolAero Technologies, Spectrolab, DHV Technology, GomSpace, ISISPACE, NanoAvionics, MMA Design and Pumpkin, etc. In 2021, the global top five players have a share approximately % in terms of revenue.

We surveyed the Space Solar Panel and Array manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:

Global Space Solar Panel and Array Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (KW)

Global Space Solar Panel and Array Market Segment Percentages, by Type, 2021 (%)

Space Solar Panel

Space Solar Array

Global Space Solar Panel and Array Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (KW)

Global Space Solar Panel and Array Market Segment Percentages, by Application, 2021 (%)

Large Spacecraft

Small Spacecraft

Global Space Solar Panel and Array Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (KW)

Global Space Solar Panel and Array Market Segment Percentages, By Region and Country, 2021 (%)

North America

US

Canada

Mexico

Europe

Germany

France

U.K.

Italy

Russia

Nordic Countries

Benelux

Rest of Europe

Asia

China

Japan

South Korea

Southeast Asia

India

Rest of Asia

South America

Brazil

Argentina

Rest of South America

Middle East & Africa

Turkey

Israel

Saudi Arabia

UAE

Rest of Middle East & Africa

Competitor Analysis

The report also provides analysis of leading market participants including:

Key companies Space Solar Panel and Array revenues in global market, 2017-2022 (Estimated), ($ millions)

Key companies Space Solar Panel and Array revenues share in global market, 2021 (%)

Key companies Space Solar Panel and Array sales in global market, 2017-2022 (Estimated), (KW)

Key companies Space Solar Panel and Array sales share in global market, 2021 (%)

Further, the report presents profiles of competitors in the market, key players include:

SolAero Technologies

Spectrolab

DHV Technology

GomSpace

ISISPACE

NanoAvionics

MMA Design

Pumpkin