Space Power Supply Market

Space Power Supply Market Size

The global space power supply market was estimated at USD 3.3 billion in 2024. The market is expected to grow from USD 3.6 billion in 2025 to USD 5.3 billion in 2030 and USD 7.3 billion by 2034, at a value CAGR of 8.2% from 2025 to 2034, according to latest report published by Global Market Insights Inc.

• The growth in the space power supply market is propelled by the increasing numbers of satellites being launched into orbit, improvements in solar panel technology, the rise of small satellites and CubeSats, interest in sustainability, and the rise of commercial missions in space.
  
• The growth of satellite deployments, including large constellations for communication, navigation, and earth observation, is driving demand for efficient and reliable space power supply systems. Starlink operates the largest satellite constellation in the world, with over 6,750 satellites as of 2025. Similarly, OneWeb is targeting almost 648 satellites to provide global connectivity. This surge in satellite launches represent the demand for cutting-edge power supply systems to maintain extended performance, dependability, and continuous operation of future satellite constellations.
  
• The rapid growth of commercial space missions significantly boosts the space power supply market by the rising demand for reliable and efficient power supply systems to support a variety of satellite missions. According to the Satellite Industry Association, in 2024 259 launches deployed a historic 2,172 tons and 2,695 satellites into Earth orbit.
  
• At the end of 2024, a total of 11,539 satellites were operating in Earth orbit compared with just 3,371 in 2020, an increase reflecting a growing involvement of the private sector. Such developments lead to innovation and investment in advanced space power supply systems that will enable more effective support of extended commercial space applications in space and further accelerate overall market growth.
  
• The North America region dominated with over 41.3% market share in 2024. North America leads the industry because of institutional support (government funding), advanced space infrastructure (SpaceX), major aerospace industries (like Boeing and Lockheed Martin), continual R&D spending, and early integration of AI and machine learning into defense systems.
  
• The U.S. Department of Defense (DoD) is working to accelerate the integration of Artificial Intelligence (AI) and machine learning into DoD defense systems. In fiscal years (FY) 2024 and 2025, the DoD allocated USD 100 million for pilot applications of generative AI models into high priority use cases, including warfighting, support and logistics, and intelligence operations.
  
  

Space Power Supply Market Trends

• The integration of AI and Machine Learning in space power management is a key market trend. This has enabled real-time energy optimization, predictive maintenance, and adaptive control that greatly increases expected reliability, resiliency, and efficiency for longer-duration spacecraft missions, which has started to be putting into practice in the early 2020s and expects to peak between 2025 and 2030 with the accelerating AI models, algorithms and computing processing capacity.
  
• NASA has initiated AI and ML into over 400 projects related to everything from image recognition, and atmospheric modeling, to predictive analytics - many mission-supportive applications. This will help improve the efficacy and reliability of space power systems.
  
• The integration of renewable energy, particularly space-based solar power (SBSP), into space power supply systems is a rising trend gaining momentum since the early 2010s. This trend highlights the demand for energy that is continuously generated, clean, and efficient in space and on earth driven by environmental responsibility, technological developments, and a rise in missions to and from space.
  
• It is expected to peak from 2030 and 2040 as efforts ramp up and commercial deployment increases. For example, the Hubble Space Telescope uses two gallium-arsenide solar panels that are 8-by-25-feet and produce about 5,000 watts of power. These panels have approximately 30% less area and produce as much as 20% more power than silicon-orthodox flat panel solar cells.
  

Space Power Supply Market Analysis

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• The low power (<1 kw) segment was valued at USD 939.8 million in 2024. The low power (<1 kW) market segment is driving as these are used regularly for small satellites, CubeSats, and other science missions, mainly due to being less expensive, smaller, energy efficient, and well-suited to short missions and limited resources. These systems will remain suitable for commercial, government, and academic applications.
  
• Manufacturers should put an emphasis on the creation of compact, efficient power systems for small satellites and CubeSats, being mindful of cost and affordability of the reliability. The sector could investigate opportunities for research and investment in modular configurations and advanced battery technologies to cater to the growing market-demand across commercial, governmental, and academic missions.
  
• The very high power (>100 kw) segment is anticipated to grow with a CAGR of 11.5% during the forecast period of 2025 – 2034, prompted by increasing demand for electric propulsion, deep-space missions, large satellites and developments in solar arrays and power electronics for better energy efficiency and reliability.
  
• Manufacturers should target lightweight, radiation hardened electronics, advanced thermal management, autonomous power control from AI, scalable modular systems, and economical manufacturing to meet the increasing demand for reliable, high-efficiency power in next-generation space.
  

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On the basis of power source, the space power supply market is segmented into solar power systems, nuclear power systems, battery systems, fuel cells and hybrid systems.

• The solar power systems segment was the largest market and was valued at USD 2 billion in 2024. The solar power systems market segment is growing with the rise of sustainable energy resources, the growth of photovoltaic technology, consistent exposure to unblocked sun, reduction in satellite launch costs, and increasingly more applications in communication, defense, and science missions.
  
• Businesses should prioritize improving solar panel efficiencies, optimizing system weight, and optimizing durability to withstand extreme environments and conditions of space. A focus on manufacturing efficient systems and scalability will enable manufacturers to meet the high demand for affordable solutions across communications, defense, and science mission for the emerging space power market.
  
• The nuclear power systems segment is the fastest growing market and is anticipated to grow with a CAGR of 13.1% during the forecast period of 2025 – 2034. The nuclear power systems of the space power market is also growing substantially due to the structure of reliable, long-length energy for deep space missions, increasing need for high power applications and program space and technology research and development expertise in compact, safe nuclear technology that can survive extreme environments of space for length missions and exploration.
  
• Manufacturers need to continue advancing safe compact and efficient nuclear power systems with improved radiation shielding. Making long-duration energy solutions with regulatory compliance priorities will support sustainable deep space mission scenarios and the growing number of high-power space applications.
  

On the basis of end use, the space power supply market is categorized into government and military, commercial operators, and research institutions.

• The government and military segment was the largest market and was valued at USD 1.8 billion in 2024. Growth of the government and military segment is driven by the increased investment in space defense, military satellite communications, national security, the strategic importance space technology will have to support surveillance reconnaissance and autonomous defense systems.
  
• Manufacturers should focus on secure, reliable, and high-performance power systems designed for defense applications. A focus on modularity, advanced materials, and incorporation of autonomous technologies will be adequate to address particularly government and military requirements for space-based security and communications.
  
• The commercial operators segment is the fastest growing market and is anticipated to grow with a CAGR of 9.5% during the forecast period of 2025 – 2034. The growth of commercial operators is due to increasing satellite deployments for communications, broadband expansion, demand for affordable power systems, advancements in small satellite technology, and increased investment in privately funded spacecraft and development of services and infrastructure.
  
• Manufacturers must prioritize lightweight, scalable, and affordable power systems specifically conceived for commercial satellites that promote rapid production, are modular, and that can eventually integrate with emerging technologies to foster the increased demand from the private sector, as well as help elevate the availability of space-based broadband and communication services.
  

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North America space power supply market was valued at USD 1.4 billion in 2024 and is anticipated to grow with a CAGR of 7.4% during the forecast period. This growth is a function of government investment for space exploration, the increased need for advanced energy storage systems, the growth in satellite constellations, new opportunities for the integration of renewable energy, and the expansion of commercial space missions for the region.

• U.S. dominated the space power supply market and was valued at USD 1.2 billion in the year 2024. This growth stems from the modernization of space infrastructure, innovation in battery recycling technologies, regulatory willingness to commercialize space, and increased demand for on-orbit servicing and refueling.
  
• Manufacturers should focus on building advanced, sustainable power systems that incorporate battery recycling efficiencies, support the evolution of regulations, and build sophisticated modular designs to support on-orbit servicing, refueling, and help modernize space infrastructure to ensure mission success into the future.
  
• The space power supply market in Canada is anticipated to surpass USD 245.5 million by 2034. Canada continues to encourage growth based on its advances in satellite communications, investment in clean energy technology for space applications, governmental support of its own space innovation, and growing partnerships with global space agencies.
  
• Manufacturers must focus on developing reliable power solutions for satellite communications, incorporating clean energy technologies, collaborating with government partners to accelerate innovation, and designing scalable power solutions to support Canada’s increasing collaboration and partnerships with international space agencies.
  

The space power supply market in Europe is anticipated to grow with a CAGR of 7.1% during the forecast period of 2025 – 2034. Growth in the market is being driven by increased investment in satellite technology, advancements in renewable energy integration for space applications, continued funding from the government and EU for space programs, increased demand for energy efficient power systems, and accelerated commercial space activities throughout the region.

• Germany space power supply market was valued at USD 218.6 million in the year 2024.  Growth is being driven by Germany’s focus on manufacturing excellence in the aerospace sector, growth of Small Satellite launches, expansion of space transportation and launch service providers, and power electronics with very high precision for space applications.
  
• Manufacturers must focus on precision engineered products as part of their power systems, SmallSats tailored power systems, launch service compatibility, and high-precision power electronics that meet Germany’s aerospace excellence and growing space transportation.
  
• UK space power supply market is anticipated to surpass USD 443.8 million by 2034. Growth is driven by increased UK advancements in quantum communication technologies, space-based data centers in development, increased focus on cybersecurity in space and expansion of space tourism.
  
• Businesses must focus on building secure and resilient power systems for quantum communications, innovating energy-efficient options for space-based data centers, working on cybersecurity, and creating reliable power supplies to fuel the developing space tourism sector.
  

The space power supply market in Asia Pacific was valued at 762.2 million in 2024. This growth is fuelled by the development of space-based disaster management systems, the emergence of space startups and incubators supporting innovation, and increased collaboration in space technology across regions using organizations like APSCO.

• China space power supply market is projected to reach USD 906.1 million by the year 2034. China's position in this market is primarily due to the expansion of the Tiangong Space Station and infrastructure, the incorporation of an AI-powered energy management system, the presence of effectively state-owned enterprises (SOEs) as the main suppliers of aerospace manufacturing, and prioritizing developing strategic dual-use technologies for civilian and military purposes.
  
• Companies must focus on developing AI-integrated power systems to align with government-led infrastructure needs at the space station, dual-use technology applications, and associate with dominant SOEs to successfully navigate China's regulated aerospace environment and take advantage of the national scale.
  
• The space power supply market in Japan was valued at USD 158.9 million in 2024. The expansion of the Japanese market is supported by advancements in power transmission systems, strong government support for space exploration missions, increasing satellite constellations, renewable energy initiatives, and collaboration with various international space agencies on joint space missions.
  
• Companies must concentrate on compact, high-efficiency power systems, enhancing renewable energy systems incorporation, leveraging government support for space projects and innovation, and forming international collaborations.
  
• India space power supply market is anticipated to grow with a CAGR of over 14.1% during the forecast period of 2025-2034. The market is growing rapidly due to increased demand for remote sensing and earth observation systems, development of low-cost satellite launch services, growth and expansion of land based educational and research institutes, and the government's "Make in India" initiative to promote domestic manufacturing of space systems.
  
• Manufacturers must focus on creating lower-cost, scalable power systems for remote sensing satellites; supporting low-cost launch services of satellites for Earth monitoring; collaborating with land-based educational and research institutions; and aligning with government initiatives in support of “Make in India” to be foster local space system production.
  

The space power supply market in Latin America was valued at USD 128.1 million in 2024. Growth in the region comes from the expansion of agriculturally based satellite monitoring due to land-based agriculture monitoring program, growth of regional space collaborations, increasing participation of the private sector in space-based projects in the region and focus on disaster risk reduction using space technologies.

MEA space power supply industry is projected to surpass USD 219.4 million by 2034. Growth in the region is driven by the increasing demand for space-based maritime surveillance; development of satellite systems for infrastructure project navigation; and increasing focus on governmental and private sector priority on space technologies for climate monitoring and change management.

• South Africa space power supply market was valued at USD 21.4 million in 2024. The growth is propelled by the growth of space-enabled health monitoring and telemedicine, the development of indigenous startups with space technology, the increased use of space data to support urban planning, and a growing focus on capacity development and skill-building around space technologies.
  
• Manufacturers should prioritize developing dependable power systems for earth observation satellites, which is supported by space-based health and telemedicine applications, partnerships with local space technology-based startups, and earth observation monitoring solutions for urban planning, while making contributions to the capacity development needed to meet South Africa's growing needs for space technology.
  
• The space power supply market in Saudi Arabia is projected to grow with a CAGR of 6.1% during the forecast period of 2025-2034. The growth is being driven by the Vision 2030 space sector development, the growth in space-based oil and gas monitoring, and the increasing adoption of state-of-the-art space power technologies.
  
• Companies should concentrate on developing advanced energy efficient power solutions in alignment with the goals of Vision 2030, and continue developing advanced space power technologies which support the expanding space and smart infrastructure efforts within Saudi Arabia.
  
• The space power supply market in UAE is anticipated to surpass USD 71.1 million by 2034.  The growth of the UAE is being driven by the development of space-based renewable energy projects, the expansion of satellite-based weather forecasting systems, and the emphasis on building a strong space innovation ecosystem. 
  
• Manufacturers must prioritize developing efficient renewable energy power systems for space applications, enhancing satellite capabilities for advanced weather forecasting, and engaging in partnerships and collaboration for innovation and support for the developing space ecosystem and sustainability priorities of the UAE, at the same time.
  

Space Power Supply Market Share

• The space power supply industry is highly competitive, featuring major players like Airbus, Teledyne Technologies Incorporated, Moog Inc., Saft, and Sierra Space Corporation. Together, these companies accounted for 34.4% of the total market share in 2024, highlighting their significant influence within the industry.
  
• Airbus led the global space power supply market in 2024 with a commanding 12.5% market share, taking advantage of cutting-edge solar panel technologies, extensive experience in satellite manufacturing, collaborations with space agencies, a strong portfolio of research and development, and a diverse range of power supply capabilities in a broad spectrum of space missions.  
  
• Teledyne Technologies Incorporated held 8.6% of the global market in 2024, concentrating on high-reliability power systems, innovative energy storage systems, custom spacecraft power systems, and are developing their presence in the defense and commercial space through strategic relationships and technology advancement.  
  
• Moog Inc. captured 6.1% of the global space power supply market in 2024 with advanced electric propulsion systems, precision power control systems, robust spacecraft power distribution units, and a dedication to innovative solutions for commercial and defense related space missions. 
  
• Saft achieved a 4.9% market share in 2024 because they have significant reputations in high performance lithium-ion batteries, proven energy storage systems for space missions, long duration power system experience, and collaborations with leading aerospace and defense companies. 
  
• Sierra Space Corporation secured 2.3% of the market in 2024, differentiated by innovative modular power systems, advanced energy storage technologies, commitment to sustainable space infrastructures, and collaborations on commercial space exploration projects. 
  

Space Power Supply Market Company

The top prominent companies operating in the space power supply industry include:

• AAC Clyde Space
• Airbus
• Apcon AeroSpace & Defence GmbH
• AZUR SPACE Solar Power GmbH
• DHV Technology
• EaglePicher Technologies
• EnerSys
• ET SPACE POWER, INC.
• GomSpace
• GSYuasa Lithium Power
• L3Harris Technologies, Inc.
• Modular Devices Inc.
• Moog Inc.
• NanoAvionics
• Renesas Electronics Corporation
• Rocket Lab USA
• Saft
• Sierra Space Corporation
• Spectrolab
• Teledyne Technologies Incorporated
• VPT, Inc.
  

Airbus, Teledyne Technologies, Moog Inc., Saft, Sierra Space Corporation, L3Harris Technologies, and EnerSys are the clear leaders in the space power supply market. They are differentiated by their large portfolios in advanced power systems, strong focus on research and development, and vertical integration. Their strategic partnerships with major international aerospace and defense companies in conjunction with their broad range of product offerings in solar arrays, energy storage, and power management, are motivating them to become preferred suppliers for major aerospace, defense, and commercial space missions worldwide.

Rocket Lab USA, GomSpace, Renesas Electronics, EaglePicher Technologies, AZUR SPACE, VPT, and Spectrolab are challengers in the space power supply market. These companies focus on innovative power systems for small satellites, including high efficiency solar arrays, and custom energy storage. They are quickly advancing their products through joint development and targeted research goals to serve niche markets like CubeSats and to produce new products for commercial markets. They are closing the gap with traditional aerospace companies.

AAC Clyde Space, GomSpace, NanoAvionics, Renesas Electronics Corporation, Modular Devices Inc. are followers. These companies provide reliable space power solutions including subsystems, components, and CubeSat-compatible platforms but lack the scale and global reach of leaders and challengers. Their primary market principally includes small satellite operators, academic missions, and niche government programs. Their growth depends on strategic alliances, modular innovations, and tailoring solutions for specialized satellite constellations.

Apcon Aerospace & Defence GmbH, AZUR SPACE Solar Power GmbH, DHV Technology, ET SPACE POWER, INC., and VPT Inc., are considered as niche players whose focus is on high-efficiency solar cells, custom-built satellite power module platforms, and specialized components. They have technical specialization, mission-specified customizations, and high-performance engineering as their core competencies, but they do not have the wide-scale deployment capabilities nor the global distribution network of larger players, opting instead to operate in regional markets or to respond to specific mission needs.

Space Power Supply Industry News

• In 2024, MDA Space selected Airbus to provide over 200 Sparkwing solar arrays for the MDA AURORA satellite program to provide a power head end for enhanced power supplies for global communications.
  
• In 2024, AAC Clyde Space revealed their STARBUCK-MINI Power Conditioning and Distribution Unit (PCDU) for small satellites with modular features and a more advanced power management strategy to develop and operate their power supply systems in space.
  
• In 2024, EnerSys supplied ABSL lithium-ion space batteries for NASA’s Europa Clipper mission, providing reliable power for flight operations and scientific instruments, strengthening space power supply capabilities.
  

The space power supply market research report includes in-depth coverage of the industry with estimates and forecasts in terms of revenue (USD Million) from 2021 - 2034 for the following segments:

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Market, By Power Source                   

• Solar power systems  
• Nuclear power systems           
• Battery systems           
• Fuel cells          
• Hybrid systems            

Market, By Power Capacity                              

• Low power (<1 kw)    
• Medium power (1–20 kw)     
• High power (20–100 kw)        
• Very high power (>100 kw)   

Market, By Platform 

• LEO (low earth orbit) 
• MEO (medium earth orbit)    
• GEO (geostationary orbit)     
• Deep space     

 Market, By Application         

• Satellites 
  • Communication
  • Earth observation
  • Navigation (GNSS)
  • Scientific & weather monitoring
• Others
  • Space stations / habitats 
  • ISS and planned commercial stations
  • Lunar gateway
• Others
  • Spacecraft / Deep-space probes 
  • Interplanetary probes
  • Rovers
  • Launch vehicles           
• Others

Market, By End Use

• Government and military       
• Commercial operators             
• Research institutions 

The above information is provided for the following regions and countries: 

• North America 
  • U.S.
  • Canada 
• Europe
  • Germany
  • UK
  • France
  • Spain
  • Italy
  • Netherlands 
• Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • South Korea 
• Latin America
  • Brazil
  • Mexico
  • Argentina 
• Middle East and Africa
  • Saudi Arabia
  • South Africa
  • UAE