space DC-DC converter market size reached USD 32.1 Million in 2020 and is expected to register a revenue CAGR of 8.1%, during the forecast period, according to latest analysis by Emergen Research. Some key factors driving global space DC-DC converter market revenue growth are increasing deployment of small satellites and increasing miniaturization of space DC-DC converters. Development of thick-film hybrid DC-DC converters is expected to boost revenue growth of the market over the forecast period. For space design applications, thick-film hybrid DC-DC converters provide unique size, weight, efficiency, and cost savings. Because these are available in various power levels, output voltage/current rates, built-in functional capabilities, and form factor combinations, these are suitable building block modules that match the commercial equivalents’ brick design. With thorough design analyses and validation record-keeping, next-generation hybrid bricks provide design solutions with significant cost savings and decreased design time.
However, rising amount of space debris is expected to hamper growth of the global space DC-DC converter market over the forecast period due to limitations or restrictions related to launches. The number of particles with a diameter of 1 to 10 cm was estimated to be around 500,000 and particles bigger than 1 mm are estimated to be in the hundreds of millions. The volume of materials orbiting Earth had reached 8,000 metric tons as of January 2020.
The all-encompassing report on the Space DC-DC Converter market projects the prospective growth of the industry. It gives and extensive analysis of the market size, share, demand, trends, gross revenue, total earnings to draw a forecast of the growth in the years 2021 to 2028. The study estimates the potential growth of the industry and the factors responsible for the expansion of the business. The study highlights the driving forces, restrains and hurdles for the growth of the market.
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It sheds light on the major companies that contribute significantly to the global sector. The report studies the presence of these companies in major geographical regions and their individual placement in the worldwide business. It helps in projecting the growth of Space DC-DC Converter through the years and in predicting its expansion in the forecasted time span. The increase in the demand for the product is boosting the overall production to ensure a smooth functioning demand-supply chain.
Top Companies Operating in the Space DC-DC Converter Market and Profiled in the Report are: STMicroelectronics N.V., Astronics Corporation, AJ’s Power Source, Inc. (AJPS), Thales Group, Vicor Corporation, Airbus Group SE, Texas Instruments Incorporated, SynQor, Inc., Infineon Technologies AG, and Renesas Electronics Corporation
The study aims to provide a forecast of the growth of the Space DC-DC Converter market by examining the market size, share, demand, trends, and gross revenue of the industry. Further, it provides a competitive analysis and SWOT analysis. The report segments the industry based on product type, application and end-use. It highlights the emerging trends as well as the novel technology that are visible in the market. The research offers a clear look at the trends observed in the market, the contributing factors, major stakeholders, key companies and prime areas that exhibit a potential for growth.
Key Highlights in From Report
Environmental monitoring systems segment revenue is expected to expand at a significantly rapid CAGR during the forecast period due to a rise in the number of low-earth-orbit satellites used for monitoring.
Rovers & spacecraft landers segment is expected to register a significantly robust revenue growth rate over the forecast period. Rovers are terrestrial surface exploration equipment that are developed to move over the solid surface of a planet and other celestial objects. Certain rovers are developed as ground vehicles to transfer members of a human spaceflight team, while others are robots that are partially or completely autonomous.
Middle East & Africa is expected to register a significantly steady revenue growth rate over the forecast period. due to rising demand for navigational and communications satellites in countries in the region.
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The report on the Space DC-DC Converter market employs both primary and secondary research to examine its import and export, demand and supply, consumption power, spending capacity and distribution channel worldwide. The report evaluates the market standing of key manufacturers and sheds light on the strategies they have adopted to stay competitive. The study also applies qualitative and quantitative methods to assess the annual and financial performance of the top vendors and insights from market leaders. Extensive coverage of the recent trends and developments including joint ventures, collaborations, investments, product launches and acquisitions and mergers constitute a substantial part of the research on the Space DC-DC Converter market for the forecast period from 2021 to 2028.
Emergen Research has segmented the global space DC-DC converter on the basis of platform, type, form factor, application, input voltage, output voltage, output power, and region:
Platform Outlook (Revenue, USD Million; 2018–2028)
Interplanetary Spacecraft & Probes
Capsules & Cargos
Rovers & Spacecraft Landers
Type Outlook (Revenue, USD Million; 2018–2028)
Form Factor Outlook (Revenue, USD Million; 2018–2028)
Application Outlook (Revenue, USD Million; 2018–2028)
Electric Power Subsystem
Attitude & Orbital Control System
Command & Data Handling System
Surface Mobility & Navigation Systems
Environmental Monitoring Systems
Power Conditioning Unit
Satellite Thermal Power Box
Input Voltage Outlook (Revenue, USD Million; 2018–2028)
Output Voltage Outlook (Revenue, USD Million; 2018–2028)
Output Power Outlook (Revenue, USD Million; 2018–2028)
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The research provides answers to the following key questions:
What will be the growth rate of the Space DC-DC Converter market for the forecast period, 2021 to 2028? What will be the market size and the share occupied by the prominent vendors by the estimated period?
What are challenges and threats faced by the prominent vendors operating in the Space DC-DC Converter market?
Who are the prominent vendors and what has been their business strategy so far to maintain a competitive edge over their competitors?
What are the past, present and emerging trends likely to influence the growth rate of the Space DC-DC Converter market for the forecast period, 2021 to 2028?
What are the opportunities prominent vendors can bank on to generate more profits during the estimated period?
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