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Global Space-based Solar Power Market by Beam Type (Laser Beam Power Transmission, Microwave Power Transmission), End-users (Government and Defense, Commercial), Application (Terrestrial, Space) and Region - Forecast to 2040

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    Report

  • 123 Pages
  • February 2024
  • Region: Global
  • Markets and Markets
  • ID: 5944306
Description Jump to:
The Space-based Solar Power market is estimated to grow from USD 6.8 billion by 2040, from USD 4.7 billion in 2030, at a CAGR of 3.3% from 2030 to 2040. The increasing demand for green energy is a primary driver for Space-based Solar Power as it offers a continuous and abundant source of clean energy, untethered by terrestrial limitations. Space-based Solar Power’s potential to meet this demand sustainably, without greenhouse gas emissions, positions it as a vital contributor to the global transition towards renewable energy solutions.

Laser Beam Power Transmission segment by beam type is expected to hold the second highest market share in 2030

Based on Beam Type, the Space-based Solar Power market is categorized into laser beam power transmission and microwave power transmission. The laser beam power transmission segment having second highest share of 10%. The laser beam power transmission, beam type segment in the Space-based Solar Power market is driven by advancements in laser technology, enabling efficient and focused energy transmission from space to Earth based receivers. Improved laser efficiency, beam control systems, and safety measures contribute to the growth of this segment, enhancing the feasibility and commercial viability of laser-based Space-based Solar Power systems. Overall, both laser beam power transmission and microwave power transmission segments are crucial for the sustainable growth of the Space-based Solar Power market.

Commercial segment by end users is estimated to hold the second highest market share in 2030

Based on End Users, the market is further divided into Government and Defense and Commercial end users. The need for reliable and resilient energy sources, particularly for remote operations and off-grid facilities, will drive commercial interest in Space-based Solar Power, which offers uninterrupted power generation capabilities. Partnerships and collaborations between commercial enterprises and space industry stakeholders will facilitate the development and deployment of Space-based Solar Power systems adapted to commercial needs, driving market growth and adoption.

Europe is expected to hold the second highest market share in 2030

The European Union's ambitious renewable energy targets and commitment to decarbonization under the European Green Deal will incentivize investment in innovative clean energy solutions like Space-based Solar Power. In addition, Europe's established space industry, advanced technological expertise, and strong research and development capabilities position it as a key player in Space-based Solar Power innovation and deployment. Also, the region's dense population centers and limited land availability make space-based solutions increasingly attractive for meeting energy needs sustainably. supportive regulatory frameworks and incentives at both national and EU levels will provide further impetus for the development and commercialization of Space-based Solar Power projects in the region.

Strategic partnerships between European Space Agencies (ESA), Airbus and EMROD will facilitate collaborative efforts to advance Space-based Solar Power technologies and infrastructure. Joint initiatives often lead to the development of innovative Space-based Solar Power solutions tailored to specific models.

The break-up of the profile of primary participants in the Space-based Solar Power market:

  • By Company Type: Tier 1 - 49%, Tier 2 - 37%, and Tier 3 - 14%
  • By Designation: C Level - 55%, Director Level - 27%, Others - 18%
  • By Region: North America - 32%, Europe - 32%, Asia-Pacific - 16%, Middle East - 10%, Latin America - 7%, Africa - 3%
Airbus (Netherlands), Northrop Grumman (US), OHB SE (Germany), Thales Alenia Space (France), Boeing (US), EMROD (New Zealand). These key players offer connectivity applicable to various sectors and have well-equipped and strong distribution networks across North America, Europe, and Asia-Pacific.

Research Coverage

  • In terms of applications, the Space-based Solar Power market is divided into terrestrial and space applications.
  • The beam type segment of the Space-based Solar Power market is divided into laser beam power transmission and microwave power transmission.
  • The end users-based segmentation includes government and defense, and commercial.
  • This report segments the Space-based Solar Power market across three key regions: North America, Europe, Asia-Pacific. The report's scope includes in-depth information on significant factors, such as drivers, restraints, challenges, and opportunities that influence the growth of the Space-based Solar Power market.
  • A comprehensive analysis of major industry players has been conducted to provide insights into their business profiles, solutions, and services. This analysis also covers key aspects like agreements, collaborations, new product launches, contracts, expansions, acquisitions, and partnerships associated with the Space-based Solar Power market.

Reasons to buy this report

This report serves as a valuable resource for market leaders and newcomers in the Space-based Solar Power market, offering data that closely approximates revenue figures for both the overall market and its subsegments. It equips stakeholders with a comprehensive understanding of the competitive landscape, facilitating informed decisions to enhance their market positioning and formulating effective go-to-market strategies for Simulation. The report imparts valuable insights into the market dynamics, offering information on crucial factors such as drivers, restraints, challenges, and opportunities, enabling stakeholders to gauge the market's pulse.

The report provides insights on the following pointers:

  • Analysis of the key driver (Increasing global requirement for energy consumption, technological evolution of green energy generation), restraint (high initial investment cost, space debris and maintenance concerns, political and regulatory landscape) opportunities (a country’s strategic independence, government initiatives for green energy ecosystem) and challenges (technological challenges involved in power transfer, competition with other renewable sources, expensive geo/leo launch cost, space based assembly) there are several factors that could contribute to an increase in the Space-based Solar Power market.
  • Market Penetration: Comprehensive information on Space-based Solar Power systems offered by the top players in the market
  • Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the Space-based Solar Power market
  • Market Development: Comprehensive information about lucrative markets - the report analyses the Space-based Solar Power market across varied regions.
  • Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the Space-based Solar Power market
  • Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players in the Space-based Solar Power market

Table of Contents

1 Introduction
1.1 Study Objectives
1.2 Market Definition
1.3 Study Scope
1.3.1 Markets Covered
Figure 1 Space-based Solar Power Market Segmentation
1.3.2 Regions Covered
1.3.3 Years Considered
1.4 Inclusions and Exclusions
Table 1 Inclusions and Exclusions
1.5 Currency Considered
Table 2 USD Exchange Rates
1.6 Stakeholders
2 Research Methodology
2.1 Introduction
Figure 2 Report Process Flow
Figure 3 Research Design
2.1.1 Secondary Data
2.1.1.1 Key Data from Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data from Primary Sources
Figure 4 Breakdown of Primary Interviews: by Company Type, Designation, and Region
2.2 Recession Impact Analysis
2.2.1 Demand-Side Indicators
2.2.2 Supply-Side Indicators
2.3 Factor Analysis
2.3.1 Introduction
2.3.2 Demand-Side Analysis
2.3.3 Supply-Side Analysis
2.4 Market Size Estimation and Methodology
2.4.1 Bottom-Up Approach
Figure 5 Market Size Estimation Methodology: Bottom-Up Approach
2.4.2 Top-Down Approach
Figure 6 Market Size Estimation Methodology: Top-Down Approach
2.5 Data Triangulation
Figure 7 Data Triangulation
2.6 Research Assumptions
2.6.1 Growth Rate Assumptions
2.6.2 Parametric Assumptions for Market Forecast
2.7 Research Limitations
2.8 Risk Assessment
3 Executive Summary
Figure 8 Government and Defense Segment to Witness Largest Market Share During Forecast Period
Figure 9 Laser Beam Power Transmission Segment to Register Highest CAGR During Forecast Period
Figure 10 Asia-Pacific to Account for Largest Market Share in 2030
4 Premium Insights
4.1 Attractive Opportunities for Players in Space-based Solar Power Market
Figure 11 Increasing Focus on Development of Microwave Transmission Technology to Drive Market
4.2 Space-based Solar Power Market, by Beam Type
Figure 12 Microwave Power Transmission Segment to Have Largest Market Share in 2030
4.3 Space-based Solar Power Market, by End-user
Figure 13 Government and Defense Segment to Lead During Forecast Period
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
Figure 14 Space-based Solar Power Market: Drivers, Restraints, Opportunities, and Challenges
5.2.1 Drivers
5.2.1.1 Rising Energy Consumption Worldwide
Figure 15 Regional Energy Consumption, 2018-2022
5.2.1.2 Growing Adoption of Green Energy
5.2.1.3 Increasing Development of Favorable Infrastructure
5.2.2 Restraints
5.2.2.1 High Initial Investment Cost
5.2.2.2 Space Debris and Maintenance Concerns
Figure 16 Space Junk in 2023
5.2.2.3 Limited Availability of Orbital Slots
5.2.3 Opportunities
5.2.3.1 Growing Shift Toward Self-Sufficient Energy Generation
5.2.4 Challenges
5.2.4.1 Technological Challenges Involved in Power Transfer
5.2.4.2 Political and Regulatory Obstacles
5.2.4.3 Competition with Other Renewable Sources
5.2.4.4 Expensive Launch Cost of Geostationary and Low Earth Orbit Satellites
5.2.4.5 Complex Space-based Assembly
5.3 Value Chain Analysis
Figure 17 Value Chain Analysis
5.4 Trends/Disruptions Impacting Customer Business
Figure 18 Revenue Shift and New Revenue Pockets for Players in Space-based Solar Power Market
5.5 Ecosystem Analysis
Figure 19 Ecosystem Mapping
Table 3 Role of Companies in Ecosystem
5.6 Regulatory Landscape
Table 4 North America: Regulatory Bodies, Government Agencies, and Other Agencies
Table 5 Europe: Regulatory Bodies, Government Agencies, and Other Agencies
Table 6 Asia-Pacific: Regulatory Bodies, Government Agencies, and Other Agencies
5.7 Trade Data Analysis
Figure 20 Top 10 Country-Wise Imports, 2018-2022
Table 7 Country-Wise Imports, 2018-2022 (USD Thousand)
Figure 21 Top 10 Country-Wise Exports, 2018-2022
Table 8 Country-Wise Exports, 2018-2022 (USD Thousand)
5.8 Technology Roadmap
Figure 22 Technology Roadmap, 2020-2050
Figure 23 Technology Trends
5.9 Technology Analysis
5.9.1 Key Technologies
5.9.1.1 Photovoltaic and Perovskite Solar Cells
5.9.1.2 Wireless Power Transmission
5.9.2 Supporting Technologies
5.9.2.1 Power Distribution Network
5.10 Key Conferences and Events
Table 9 Key Conferences and Events, 2024-2025
5.11 Use Case Analysis
5.11.1 Low-Cost Launch Capabilities
5.11.2 Satellite Constellation for Solar Power
5.11.3 Space-based Solar Power Prototype
5.12 Patent Analysis
Figure 24 Patent Analysis
Table 10 Innovations and Patent Registrations, 2019-2023
6 Industry Trends
6.1 Introduction
6.2 Technology Trends
6.2.1 Ultralightweight Carbon Fiber Composites
6.2.2 Advanced Rectenna Design
6.2.3 Multi-Junction Solar Cells
6.2.4 Solar Energy Storage Solutions
6.3 Impact of Megatrends
6.3.1 3D Printing
6.3.2 Space-based Resource Utilization
6.3.3 In-Space Manufacturing
6.4 Infrastructure Overview
6.4.1 Satellite Subsystems
6.4.1.1 Solar Panel Arrays
6.4.1.2 Power Amplification
6.4.1.3 Power Transmission
6.4.2 Ground Station Subsystems
6.4.2.1 Power Conversion
6.4.2.2 Power Storage
6.4.2.3 Mission Control Systems
7 Space-based Solar Power Market, by Beam Type
7.1 Introduction
Figure 25 Space-based Solar Power Market, by Beam Type, 2030-2040 (USD Million)
Table 11 Space-based Solar Power Market, by Beam Type, 2030-2040 (USD Million)
7.2 Microwave Power Transmission
7.2.1 High-Scale Transmission and Scalability to Drive Market
7.3 Laser Beam Power Transmission
7.3.1 Low Initial Investment to Drive Market
8 Space-based Solar Power Market, by Application
8.1 Introduction
8.2 Terrestrial
8.2.1 Growing Demand for Clean Energy Solutions to Drive Market
8.3 Space
8.3.1 Increasing Need for Cost-Effective Space Power Solutions to Drive Market
9 Space-based Solar Power Market, by End-user
9.1 Introduction
Figure 26 Space-based Solar Power Market, by End-user, 2030-2040 (USD Million)
Table 12 Space-based Solar Power Market, by End-user, 2030-2040 (USD Million)
9.2 Government and Defense
9.2.1 Rising Militarization of Space-based Solar Power to Drive Market
9.3 Commercial
9.3.1 Mining, Tourism, and Agriculture Applications to Drive Market
10 Space-based Solar Power Market, by Region
10.1 Introduction
Figure 27 Space-based Solar Power Market, by Region, 2030-2040
10.2 Regional Recession Impact Analysis
Table 13 Space-based Solar Power Market, by Region, 2030-2040 (USD Million)
10.3 North America
10.3.1 North America: PESTLE Analysis
10.3.2 North America: Recession Impact Analysis
Figure 28 North America: Space-based Solar Power Market Snapshot
Table 14 North America: Space-based Solar Power Market, by Beam Type, 2030-2040 (USD Million)
Table 15 North America: Space-based Solar Power Market, by End-user, 2030-2040 (USD Million)
10.3.3 US
10.3.3.1 Diversified Investments in Space-based Solar Power Projects to Drive Market
10.4 Europe
10.4.1 Europe: PESTLE Analysis
10.4.2 Europe: Recession Impact Analysis
Figure 29 Europe: Space-based Solar Power Market Snapshot
Table 16 Europe: Space-based Solar Power Market, by Beam Type, 2030-2040 (USD Million)
Table 17 Europe: Space-based Solar Power Market, by End-user, 2030-2040 (USD Million)
10.4.3 UK
10.4.3.1 Space Energy Initiative to Drive Market
10.5 Asia-Pacific
10.5.1 Asia-Pacific: PESTLE Analysis
10.5.2 Asia-Pacific: Recession Impact Analysis
Figure 30 Asia-Pacific: Space-based Solar Power Market Snapshot
Table 18 Asia-Pacific: Space-based Solar Power Market, by Beam Type, 2030-2040 (USD Million)
Table 19 Asia-Pacific: Space-based Solar Power Market, by End-user, 2030-2040 (USD Million)
10.5.3 China
10.5.3.1 Increasing Government Initiatives and Funding to Drive Market
10.5.4 Japan
10.5.4.1 Growing Initiatives from Japan Aerospace Exploration Agency to Drive Market
11 Competitive Landscape
11.1 Introduction
11.2 Strategies of Key Players
Table 20 Strategies of Key Players
11.3 Market Ranking Analysis
Figure 31 Market Ranking Analysis, 2022
11.4 Company Evaluation Matrix
11.4.1 Stars
11.4.2 Emerging Leaders
11.4.3 Pervasive Players
11.4.4 Participants
Figure 32 Space-based Solar Power Market: Company Evaluation Matrix, 2022
11.4.5 Company Footprint
Table 21 Space-based Solar Power Market: Company Footprint
Table 22 Space-based Solar Power Market: Beam Type Footprint
Table 23 Space-based Solar Power Market: End-user Footprint
Table 24 Space-based Solar Power Market: Region Footprint
11.5 Competitive Scenario
11.5.1 Product Launches
Table 25 Space-based Solar Power Market: Product Launches, June 2023
11.5.2 Deals
Table 26 Space-based Solar Power Market: Deals, October 2022-October 2023
12 Company Profiles
(Business Overview, Products/Services/Solutions Offered, Recent Developments, Analyst's View)*
12.1 Introduction
12.2 Key Players
12.2.1 Airbus
Table 27 Airbus: Company Overview
Figure 33 Airbus: Company Snapshot
Table 28 Airbus: Products/Solutions/Services Offered
Table 29 Airbus: Product Launches
Table 30 Airbus: Other Developments
12.2.2 Northrop Grumman
Table 31 Northrop Grumman: Company Overview
Figure 34 Northrop Grumman: Company Snapshot
Table 32 Northrop Grumman: Products/Solutions/Services Offered
Table 33 Northrop Grumman: Other Developments
12.2.3 Ohb SE
Table 34 Ohb SE: Company Overview
Figure 35 Ohb SE: Company Snapshot
Table 35 Ohb SE: Products/Solutions/Services Offered
12.2.4 Thales Alenia Space
Table 36 Thales Alenia Space: Company Overview
Figure 36 Thales Alenia Space: Company Snapshot
Table 37 Thales Alenia Space: Products/Solutions/Services Offered
Table 38 Thales Alenia Space: Deals
Table 39 Thales Alenia Space: Other Developments
12.2.5 Boeing
Table 40 Boeing: Company Overview
Figure 37 Boeing: Company Snapshot
Table 41 Boeing: Products/Solutions/Services Offered
12.2.6 Emrod
Table 42 Emrod: Company Overview
Table 43 Emrod: Products/Solutions/Services Offered
Table 44 Emrod: Deals
Table 45 Emrod: Other Developments
12.3 Other Players
12.3.1 Airborne
Table 46 Airborne: Company Overview
12.3.2 Spacetech GmbH
Table 47 Spacetech GmbH: Company Overview
12.3.3 Virtus Solis
Table 48 Virtus Solis: Company Overview
12.3.4 Azur Space Solar Power GmbH
Table 49 Azur Space Solar Power GmbH: Company Overview
12.3.5 Cesi S.P.A.
Table 50 Cesi S.P.A.: Company Overview
12.3.6 Celestia Energy
Table 51 Celestia Energy: Company Overview
12.3.7 Sirin Orbital Systems AG
Table 52 Sirin Orbital Systems AG: Company Overview
12.3.8 Overview Energy
Table 53 Overview Energy: Company Overview
12.3.9 Space Solar
Table 54 Space Solar: Company Overview
12.3.10 Solar Space Technologies
Table 55 Solar Space Technologies: Company Overview
12.3.11 Metasat UK
Table 56 Metasat UK: Company Overview
12.3.12 Photonicity Pte. Ltd.
Table 57 Photonicity Pte. Ltd.: Company Overview
12.3.13 Satellite Applications Catapult Limited
Table 58 Satellite Applications Catapult Limited: Company Overview
12.3.14 Solaren Corporation
Table 59 Solaren Corporation: Company Overview
12.3.15 Powerlight Technologies
Table 60 Powerlight Technologies: Company Overview
12.3.16 Fralock LLC
Table 61 Fralock LLC: Company Overview
*Details on Business Overview, Products/Services/Solutions Offered, Recent Developments, Analyst's View Might Not be Captured in Case of Unlisted Companies
13 Appendix
13.1 Discussion Guide
13.2 Knowledgestore: The Subscription Portal
13.3 Customization Options

Companies Mentioned

  • Airbus
  • Northrop Grumman
  • Ohb SE
  • Thales Alenia Space
  • Boeing
  • Emrod
  • Airborne
  • Spacetech GmbH
  • Virtus Solis
  • Azur Space Solar Power GmbH
  • Cesi S.P.A.
  • Celestia Energy
  • Sirin Orbital Systems AG
  • Overview Energy
  • Space Solar
  • Solar Space Technologies
  • Metasat UK
  • Photonicity Pte. Ltd.
  • Satellite Applications Catapult Limited
  • Solaren Corporation
  • Powerlight Technologies
  • Fralock LLC

Table Information

Report AttributeDetails
No. of Pages123
PublishedFebruary 2024
Forecast Period2030 - 2040
Estimated Market Value ( USD ) in 2030 $ 4.7 Billion
Forecasted Market Value ( USD ) by 2040 $ 6.8 Billion
Compound Annual Growth Rate3.3%
Regions CoveredGlobal
No. of Companies Mentioned22

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