Space power electronics market to grow to $435 million by 2026, study predictsNews
May 03, 2022
DUBLIN. The global market for power electronics used in space applications is projected to grow from $205 million in 2021 to $435 million by 2026, at a combined annual growth rate (CAGR) of 16.2%, according to a study from Research and Markets, "Global Space Power Electronics Market by Device Type (Power Discrete, Power Module, Power IC), Application (Satellites, Spacecraft & Launch Vehicles, Space Stations, Rovers), Platform, Voltage, Current, Material and Region -- Forecast to 2026."
Based on application, the satellite segment is expected to lead the space power electronics market during the study period; driving gains in this segment are growing demand for space exploration, miniaturization of power electronic technologies, and rapid growth in the NewSpace industry.
For additional information visit the Research and Markets website.