May 11, 2022

o Power Converters Based on products, the global space power supply market is expected to be dominated by the solar panel segment. One of the major factors contributing to this growth is the growing demand for solar arrays for several satellite missions. • Segmentation 3: by Region o Europe - France, Germany, Russia, U.K, and Rest-of-Europe o Asia-Pacific - China, Japan, India, and Rest-of-Asia-Pacific o Rest-of-the-World In the global space power supply market, North America generated the highest revenue of $1,516.3 million in 2022, which is attributed to the high presence of the key companies highly engaged in developing and providing space power supply solutions in the region. Recent Developments in Global Space Power Supply Market • In May 2020, EaglePicher Technologies was selected by NASA to supply a variety of batteries for its Perseverance mission. During its launch, Atlas V used ten silver-zinc batteries. Atlas V’s main power system, pryo system, and flight termination system were powered by these batteries. The rover’s main power system was powered by two rechargeable lithium-ion batteries. • In May 2021, NASA chose Honeybee Robotics and mPower Technology to design and develop a vertically deployable solar array for the Lunar Array Mast and Power System (LAMPS) project. • In January 2021, NASA awarded a contract to Boeing’s Spectrolab to provide six more solar arrays for International Space Station (ISS). The new solar array would provide a 20% to 30% increase in power. • In January 2022, the U.K.-based Space Forge awarded AAC Clyde Space a $0.4 million contract to provide space products to be used by a demonstration spacecraft. This spacecraft is designed to perform multiple trips to space and to utilize the space environment for production and scientific experimentation. Demand - Drivers, Challenges, and Opportunities Following are the drivers for the space power supply market: • Increasing Development of LEO Satellites and Reusable Launch Vehicles • Evolving Mission Requirements Leading to Demand for Enhanced Space Power Requirements Following are the challenges for the space power supply market: • Scalability of Space Power Solutions to Address the Increasing Serial Production of Small Satellites • Lack of Customized Space Power Solutions Following are the opportunities for the space power supply market: • Entrance of Non-Space Power Solutions Provider into the Space Industry • Increasing Demand for Mass Production of Space Power Solutions How can this report add value to an organization? Product/Innovation Strategy: The product segment helps the reader understand the different types of space power supply products available for deployment in the industries and their potential globally. Moreover, the study provides the reader with a detailed understanding of the different space power supply products based on applications (launch vehicles, satellites, and deep space exploration) and products (solar panels, power management devices, batteries, and power converters). Growth/Marketing Strategy: The global space power supply market has seen major development by key players operating in the market, such as business expansions, contracts, partnerships, collaborations, and joint ventures.The favored strategy for the companies has been inorganic strategies such as contracts and partnerships to strengthen their position in the space power supply market. For instance, in February 2022, Aerojet Rocketdyne, in collaboration with Teledyne Energy Systems Inc. to develop the MMRTG energy systems, would power upcoming NASA missions to the moons of Saturn and Neptune. Competitive Strategy: Key players in the global space power supply market analyzed and profiled in the study involve space power supply product manufacturers that provide solar cells/arrays, batteries, and power modules.Moreover, a detailed competitive benchmarking of the players operating in the global space power supply market has been done to help the reader understand how players stack against each other, presenting a clear market landscape. Additionally, comprehensive competitive strategies such as contracts, partnerships, agreements, acquisitions, and collaborations will aid the reader in understanding the untapped revenue pockets in the market. Key Market Players and Competition Synopsis The companies that are profiled have been selected based on inputs gathered from primary experts and analyzing company coverage, product portfolio, and market penetration. The top segment players leading the market include established players providing space power supply solutions and constitute 70% of the presence in the market. Other players include start-up entities, which account for approximately 30% of the presence in the market. Some of the prominent established names in this market are: Company Type 1: Solar Cell and Solar Array Manufacturers • AAC Clyde Space