Space Battery Market Report 2026

The space battery market size has grown strongly in recent years. It will grow from $3.99 billion in 2025 to $4.28 billion in 2026 at a compound annual growth rate (CAGR) of 7.3%. The growth in the historic period can be attributed to use of nickel-cadmium batteries in early satellites, adoption of lithium-ion batteries for spacecraft, development of high-reliability battery systems, growth in long-duration space missions, integration with satellite power management systems.

The space battery market size is expected to see strong growth in the next few years. It will grow to $5.61 billion in 2030 at a compound annual growth rate (CAGR) of 7%. The growth in the forecast period can be attributed to emergence of lithium-sulfur batteries, adoption of advanced solid-state batteries, development of high-energy-density solutions, integration with deep-space missions, growth in reusable satellite power systems. Major trends in the forecast period include increased adoption of radiation-resistant battery chemistries, growth in long-duration energy storage for deep-space missions, rising use of modular and lightweight battery systems, increased investment in high-power systems for launch vehicles, growing demand from small satellite constellations.

The rising demand for space exploration is expected to drive the growth of the space battery market. Space exploration entails the study and investigation of outer space through advanced technologies to expand scientific knowledge and support both human and robotic missions beyond Earth. This demand is increasing due to growing government and private investments, which foster technological innovation, enabling more advanced and cost-efficient missions. Space batteries are essential for storing and supplying power to spacecraft systems and instruments, particularly in environments where solar energy is insufficient. For instance, in April 2024, the World Economic Forum reported that the global space economy is projected to reach $1.8 trillion by 2035, up from $630 billion in 2023, with an average annual growth rate of 9%, significantly surpassing the global GDP growth rate. Therefore, the expansion of space exploration activities is fueling the growth of the space battery market.

Key companies in the space battery market are forming strategic partnerships to enhance technological capabilities and deliver innovative power solutions for space missions. Strategic partnerships allow firms to leverage each other’s expertise, resources, and strengths to achieve mutual benefits. For example, in March 2024, KULR Technology Group, Inc., a US-based advanced thermal-management and battery-systems provider, partnered with Nanoracks, a US-based space services company, to develop and produce specialized space batteries for Voyager’s CubeSat applications. The contract, valued at over US$865,000, focused on accelerating the development, testing, and early production of CubeSat batteries, with the first prototype delivered by the end of 2023, utilizing KULR’s lithium-ion battery safety and thermal management technologies.

In April 2024, Advik Hi-Tech Pvt Ltd, an India-based automotive and power unit company, acquired the business assets of Aceleron Energy Ltd, a UK-based advanced lithium-ion battery technology company, for an undisclosed amount. The acquisition expands Advik’s presence in the electric vehicle and energy storage sectors, enhances its product portfolio, and strengthens its capacity to develop cutting-edge energy storage solutions for global applications.

Major companies operating in the space battery market are Lockheed Martin Corporation, Airbus SE, Northrop Grumman Corporation, Mitsubishi Electric Corporation, NEC Corporation, Teledyne Technologies Incorporated, GS Yuasa International Ltd., Enersys, Moog Inc., Aerojet Rocketdyne Holdings, Inc., Blue Origin LLC, Saft Groupe S.A., Eagle-Picher Technologies LLC, HBL Power Systems Limited, Arotech Corporation, Lyten Inc., Space Vector Corporation, Nanoavionics Ltd., AAC Clyde Space AB, E-One Moli Energy Corp., Epsilor Electric Fuel Ltd., Berlin Space Technologies GmbH.

North America was the largest region in the space battery market in 2025. The regions covered in the space battery market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Tariffs on critical raw materials such as lithium, cobalt, and nickel, along with aerospace-grade manufacturing components, have increased production costs and slowed procurement for space battery programs, particularly in regions relying on global supply chains such as Asia-Pacific and Europe. Platforms involving high-specification batteries for launch vehicles and military satellites face the highest cost pressures. However, tariffs are also driving localized manufacturing, investments in advanced chemistries, and greater supply chain resilience within major spacefaring nations.

The space battery market research report is one of a series of new reports that provides space battery market statistics, including the space battery industry's global market size, regional shares, competitors with a space battery market share, detailed space battery market segments, market trends and opportunities, and any further data you may need to thrive in the space battery industry. This space battery market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

A space battery is a high-performance power source engineered for use in space missions. It provides reliable energy storage for spacecraft and satellites and is designed to endure the extreme conditions of space. Space batteries often utilize advanced technologies, such as lithium-ion or cutting-edge solid-state designs, to ensure dependable performance.

The primary types of space batteries include nickel-based batteries, lithium-based batteries, silver-zinc batteries, and others. Nickel-based batteries are rechargeable and use nickel compounds in their electrochemical reactions, including types like nickel-cadmium (NiCd) and nickel-metal hydride (NiMH). These batteries are used in various applications, such as communication, Earth observation, military surveillance, scientific research, and navigation. They come in different energy densities, including less than 100 Wh/kg, 100-150 Wh/kg, and more than 150 Wh/kg, and are suitable for various orbits such as low Earth orbit (LEO), medium Earth orbit (MEO), and geosynchronous orbit (GEO). Their applications include powering satellites, launch vehicles, and other space systems.

The countries covered in the space battery market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The space battery market consists of sales of nickel-cadmium (NiCd) batteries, lithium-sulfur (Li-S) batteries, and silver-zinc (Ag-Zn) batteries. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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