Space Power Electronics Market Forecasts to 2028 – Global Analysis By Device Type (Power Discrete, Power Integrated Circuit (IC), Power Module), Voltage (Low Voltage, Medium Voltage, High Voltage), Application, and By Geography
According to Stratistics MRC, the Global Space Power Electronics Market is accounted for $202.70 million in 2021 and is expected to reach $590.39 million by 2028 growing at a CAGR of 16.5% during the forecast period. Space power electronics refers to the application of electronics on space stations, satellites, spacecraft, launch vehicles, and rovers to control and convert electric power from one form to other. It deals with the processing of high voltages and currents to deliver power that supports a variety of needs.
Size reduction of space DC-DC converters
Miniature DC/DC converters are suitable for a wide range of applications on boards where space is at a premium. The satellite manufacturers are demanding compact-sized power converters in the current scenario. The compactness of converters benefits designers who need galvanically isolated output power or noise reduction in an analog circuit. The miniaturized version of DC-DC converters will offer very low output noise with an extended operating temperature, which will result in high switching frequencies. Hence, market players have the opportunity to reduce the device size to make DC-DC converters more effective.
Difficulties due to severe space environment
One of the major challenges for space power electronics is the vibration imposed by the launch vehicle. When the spacecraft leaves the Earth’s atmosphere there are many environment changes such as change in temperature and pressure which need to be handled by electronics. High levels of contamination on surfaces can contribute to electrostatic discharge. Satellites are also vulnerable to charging and discharging. Satellite charging is a variation in the electrostatic potential of a satellite, with respect to the surrounding low-density plasma around the satellite. The extent of the charging depends on the design of the satellite and the orbit. The atmosphere in LEO is comprised of about 96% atomic oxygen. The two primary mechanisms responsible for charging are plasma bombardment and photoelectric effects.
Rising demand for wide bandgap materials
Wide bandgap semiconductor materials are of specific interest, which has provided rapid developments in performance over the current standard, silicon, due to which there is an increase in demand for materials such as gallium nitride (GaN) and silicon carbide (SiC). These wide bandgap materials can operate at higher temperatures of up to 200°C as long as the package can tolerate this, while silicon is limited to 150°C. A wide bandgap semiconductor can handle nearly 10 times more voltage as compared to silicon and the switching speed/ switching frequency of SiC and GaN are also nearly 10 times higher than the silicon. Therefore, wide bandgap material power semiconductors are expected to make significant strides in the power industry within the next decade.
Complexities in design and integration process
The players operating in the power electronics industry are focusing on integrating multiple functionalities in a single chip, which results in a complex design. Furthermore, the designing and integrating complex devices require special skillsets, robust methodology, and a particular toolset, which increase the overall cost of the devices. Consequently, the high cost of the devices is expected to hamper the switching process toward advanced technological devices. Subsequently, evolving technologies generate demand for more functionalities to be integrated into system-on-chips (SoCs), making devices smaller and more efficient. All these factors are making their design more complex and increasing the difficulty in the integration process.
The power integrated circuit (IC) segment is expected to be the largest during the forecast period
The power integrated circuit (IC) segment is estimated to have a lucrative growth. Power integrated circuits consist of multiple power rails and power management functions within a single chip. Power ICs are frequently used to power small, battery-operated devices since the integration of multiple functions into a single chip result in more efficient use of space and system power.
The satellite segment is expected to have the highest CAGR during the forecast period
The satellite segment is anticipated to witness the fastest CAGR growth during the forecast period owing to the explosion of activities in the small satellite world, driven by technology breakthroughs, industry commercialization, and private investments. Satellites are increasingly being adopted in modern communication technologies. The introduction of wireless satellite internet and development of miniature hardware systems are exploiting numerous opportunities in the field of satellite-enabled communication. In addition, rapid growth in the NewSpace industry has led to the greater use of modular components like miniaturized rad-hard MOSFETs, gate drivers, DC-DC convertors and solid-state relays. There is a growing demand for space exploration, which enables small satellites to achieve attitude and orbit control, orbital transfers, and end-of-life deorbiting.
Region with highest share:
Asia Pacific is projected to hold the largest market share during the forecast period due to the rising number of commercial space projects. Moreover, radiation-hardened electronics have the capability to withstand high temperature and radiation levels present in nuclear reactors, which is positively influencing their overall sales.
Region with highest CAGR:
North America is projected to have the highest CAGR over the forecast period due to the growing demand for space power electronics in the North American region. The US government is increasingly investing in advanced space power electronics technologies to enhance the quality and effectiveness of satellite communication, deep space exploration. This rising investment on satellite equipment to enhance defense and surveillance capabilities of the armed forces, modernization of existing communication in military platforms, critical infrastructure and law enforcement agencies using satellite systems, are key factors expected to drive the space power electronics market in North America.
Key players in the market
Some of the key players profiled in the Space Power Electronics Market include Airbus, Alphacore Inc., Analog Devices, Inc., Api Technologies, Bae Systems plc, Cobham Limited, Infineon Technologies, Microchip Technology Inc., Nxp Semiconductors, Onsemi, Renesas Electronics Corporation, STMicroelectronics, Terma Group, Texas Instrument Incorporated, and Vicor Corporation.
In December 2021, Microchip Technology announced the expansion of its Gallium Nitride (GaN) Radio Frequency (RF) power device portfolio. The company launched new MMICs and discrete transistors that cover frequencies up to 20 gigahertz (GHz) as well as combine high power-added efficiency (PAE) and high linearity to deliver new levels of performance in applications that range from 5G to electronic warfare, satellite communications, commercial & defense radar systems, and test equipment.
In November 2021, Texas Instruments Incorporated (TI) announced plans to begin construction next year on its new 300-millimeter semiconductor wafer fabrication plants (or "fabs") in Sherman, Texas. The North Texas site has the potential for up to four fabs to meet demand over time, as semiconductor growth in electronics, particularly in industrial and automotive markets, is expected to continue well into the future. Construction of the first and second fabs is set to begin in 2022.
In August 2021, STMicroelectronics announced it is collaborating with Xilinx, Inc. to build a power solution for the Xilinx Kintex® UltraScale™ XQRKU060 radiation-tolerant FPGA, leveraging QML-V qualified voltage regulators from ST’s space-products portfolio. The programmability of the Xilinx XQRKU060 revolutionizes the economics of equipment like space-research instruments and commercial satellites.
Platform Types Covered:
• Analog-to-Digital Converters (ADCs)
• Command and Data Handling
• Telemetry, Tracking, and Command (TT&C)
• Thermal System
Device Types Covered:
• Power Discrete
• Power Integrated Circuit (IC)
• Power Module
• Low Voltage
• Medium Voltage
• High Voltage
• Upto 25A
• Over 50A
• Silicon Carbide
• Gallium Nitride
• Space Stations
• Spacecraft & Launch Vehicle
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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Table of Contents
1 Executive Summary
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
3 Market Trend Analysis
3.6 Application Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Space Power Electronics Market, By Platform Type
5.2 Analog-to-Digital Converters (ADCs)
5.3 Command and Data Handling
5.7 Telemetry, Tracking, and Command (TT&C)
5.8 Thermal System
6 Global Space Power Electronics Market, By Device Type
6.2 Power Discrete
6.3 Power Integrated Circuit (IC)
6.3.1 Power Management IC
6.3.2 Application Specific IC
6.4 Power Module
6.4.1 Intelligent Power Module (IPM)
6.4.2 Standard and Integrated Power Modules (MOSFETS, IGBT)
7 Global Space Power Electronics Market, By Voltage
7.2 Low Voltage
7.3 Medium Voltage
7.4 High Voltage
8 Global Space Power Electronics Market, By Current
8.2 Upto 25A
8.4 Over 50A
9 Global Space Power Electronics Market, By Material
9.3 Silicon Carbide
9.4 Gallium Nitride
10 Global Space Power Electronics Market, By Application
10.4 Space Stations
10.5 Spacecraft & Launch Vehicle
11 Global Space Power Electronics Market, By Geography
11.2 North America
11.3.6 Rest of Europe
11.4 Asia Pacific
11.4.5 New Zealand
11.4.6 South Korea
11.4.7 Rest of Asia Pacific
11.5 South America
11.5.4 Rest of South America
11.6 Middle East & Africa
11.6.1 Saudi Arabia
11.6.4 South Africa
11.6.5 Rest of Middle East & Africa
12 Key Developments
12.1 Agreements, Partnerships, Collaborations and Joint Ventures
12.2 Acquisitions & Mergers
12.3 New Product Launch
12.5 Other Key Strategies
13 Company Profiling
13.2 Alphacore Inc.
13.3 Analog Devices, Inc.
13.4 Api Technologies
13.5 Bae Systems plc
13.6 Cobham Limited
13.7 Infineon Technologies
13.8 Microchip Technology Inc.
13.9 Nxp Semiconductors
13.11 Renesas Electronics Corporation
13.13 Terma Group
13.14 Texas Instrument Incorporated
13.15 Vicor Corporation
List of Tables
1 Global Space Power Electronics Market Outlook, By Region (2020-2028) ($MN)
2 Global Space Power Electronics Market Outlook, By Platform Type (2020-2028) ($MN)
3 Global Space Power Electronics Market Outlook, By Analog-to-Digital Converters (ADCs) (2020-2028) ($MN)
4 Global Space Power Electronics Market Outlook, By Command and Data Handling (2020-2028) ($MN)
5 Global Space Power Electronics Market Outlook, By Power (2020-2028) ($MN)
6 Global Space Power Electronics Market Outlook, By Propulsion (2020-2028) ($MN)
7 Global Space Power Electronics Market Outlook, By Structure (2020-2028) ($MN)
8 Global Space Power Electronics Market Outlook, By Telemetry, Tracking, and Command (TT&C) (2020-2028) ($MN)
9 Global Space Power Electronics Market Outlook, By Thermal System (2020-2028) ($MN)
10 Global Space Power Electronics Market Outlook, By Device Type (2020-2028) ($MN)
11 Global Space Power Electronics Market Outlook, By Power Discrete (2020-2028) ($MN)
12 Global Space Power Electronics Market Outlook, By Diodes (2020-2028) ($MN)
13 Global Space Power Electronics Market Outlook, By Transistors (2020-2028) ($MN)
14 Global Space Power Electronics Market Outlook, By Power Integrated Circuit (IC) (2020-2028) ($MN)
15 Global Space Power Electronics Market Outlook, By Power Management IC (2020-2028) ($MN)
16 Global Space Power Electronics Market Outlook, By Application Specific IC (2020-2028) ($MN)
17 Global Space Power Electronics Market Outlook, By Power Module (2020-2028) ($MN)
18 Global Space Power Electronics Market Outlook, By Intelligent Power Module (IPM) (2020-2028) ($MN)
19 Global Space Power Electronics Market Outlook, By Standard and Integrated Power Modules (MOSFETS, IGBT) (2020-2028) ($MN)
20 Global Space Power Electronics Market Outlook, By Voltage (2020-2028) ($MN)
21 Global Space Power Electronics Market Outlook, By Low Voltage (2020-2028) ($MN)
22 Global Space Power Electronics Market Outlook, By Medium Voltage (2020-2028) ($MN)
23 Global Space Power Electronics Market Outlook, By High Voltage (2020-2028) ($MN)
24 Global Space Power Electronics Market Outlook, By Current (2020-2028) ($MN)
25 Global Space Power Electronics Market Outlook, By Upto 25A (2020-2028) ($MN)
26 Global Space Power Electronics Market Outlook, By 25-50A (2020-2028) ($MN)
27 Global Space Power Electronics Market Outlook, By Over 50A (2020-2028) ($MN)
28 Global Space Power Electronics Market Outlook, By Material (2020-2028) ($MN)
29 Global Space Power Electronics Market Outlook, By Silicon (2020-2028) ($MN)
30 Global Space Power Electronics Market Outlook, By Silicon Carbide (2020-2028) ($MN)
31 Global Space Power Electronics Market Outlook, By Gallium Nitride (2020-2028) ($MN)
32 Global Space Power Electronics Market Outlook, By Application (2020-2028) ($MN)
33 Global Space Power Electronics Market Outlook, By Rovers (2020-2028) ($MN)
34 Global Space Power Electronics Market Outlook, By Satellite (2020-2028) ($MN)
35 Global Space Power Electronics Market Outlook, By Space Stations (2020-2028) ($MN)
36 Global Space Power Electronics Market Outlook, By Spacecraft & Launch Vehicle (2020-2028) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
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