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The Global Space Power Supply Market size was valued at USD 2.1 billion in 2023. It is likely to grow up to USD 3.4 billion by 2030 at a CAGR of 1.6% during the forecast period ranging between 2025 and 2030.

Space power supply is the technology that provides energy in space missions. This technology primarily functions on solar panels or uses advanced batteries and nuclear power sources. Both nuclear power sources and solar panels are most productive as they produce electricity unintermittedly from sunlight and nuclear power. Significant technological advancement is the major growth driver of the market. The market is benefiting from the development of new lighter and more efficient energy sources. These technologies reduce both the cost and weight of missions. Stable and reliable energy sources are essential for satellites, space stations, lunar and Mars missions. However, equipment failure is a common problem in harsh space conditions, hindering the growth of the global space power supply market.

Browse market data Tables and Figures spread through 136 Pages and in-depth TOC on Global Space Power Supply Market By Type (Solar Power Systems, Nuclear Power Systems and Battery Storage Systems), By Application (Satellites, Space Stations, Planetary Rovers and Space Probes), By Technology (Photovoltaic Cells, Nuclear Reactors and Advanced Batteries), By End User (Government Agencies, Private Aerospace Companies and Defense Organizations) and By Geography (North America, Europe, Asia Pacific, Rest of the World) - Forecast from 2025 to 2030.

Global Space Power Supply Market Segmentation and Key Players

By type, solar power systems dominated the global space power supply market

The solar power systems show the most promise during the study period as they are renewable energy sources and their efficiency is constantly increasing.

"North America dominates the global space power supply market." 

North America dominates the Global Space Power Supply Market as the US and Canada have huge investments in space research and defence projects.

Some of the major players in this market are Northrop Grumman, Airbus Defence and Space, Boeing, Lockheed Martin, Thales Alenia Space, Raytheon Technologies, Mitsubishi Electric, Honeywell Aerospace, Ball Aerospace, Safran

Recent Developments By the Key Players

Northrop Grumman and Marshall Land Systems collaborated to develop advanced command and control hardware solutions for the United Kingdom Ministry of Defence. The partnership is focused on supporting the UK's Ground Based Air Defence (GBAD) programme for both medium- and short-range air defence.

Lockheed Martin has developed and launched EDT, the eighth GPS III satellite, from Cape Canaveral Space Force Station in Florida. The satellite, designated GPS III SV08, established signal acquisition shortly after reaching orbit.

The Global Space Power Supply Market report offers a comprehensive market segmentation analysis along with estimation for the forecast period 2025–2030.

Global Space Power Supply Market coverage (By Value)

• Type Insight and Forecast 2025 - 2030
  • Solar Power Systems
  • Nuclear Power Systems
  • Battery Storage Systems
• Application Insight and Forecast 2025 - 2030
  • Satellites
  • Space Stations
  • Planetary Rovers
  • Space Probes
• Technology Insight and Forecast 2025 - 2030
  • Photovoltaic Cells
  • Nuclear Reactors
  • Advanced Batteries
• End Users Insight and Forecast 2025 - 2030
  • Government Agencies
  • Private Aerospace Companies
  • Defense Organizations

Geographical Segmentation

Global Space Power Supply Market by Region

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia-Pacific (APAC)
  • China
  • Japan
  • India
  • South Korea
  • Vietnam
  • Thailand
  • Malaysia
  • Rest of Asia-Pacific
• Rest of the World (RoW)
  • Brazil
  • Saudi Arabia
  • South Africa
  • U.A.E.
  • Other Countries