Rocket Electrical Power Systems Market Report 2026

The rocket electrical power systems market size has grown strongly in recent years. It will grow from $1.56 billion in 2025 to $1.69 billion in 2026 at a compound annual growth rate (CAGR) of 8.3%. The growth in the historic period can be attributed to growing complexity of launch vehicles increasing demand for reliable onboard power systems, early adoption of redundant power architectures to enhance mission safety, development of advanced converters and inverters to support evolving avionics loads, integration of telemetry-driven monitoring units to improve mission diagnostics, rising dependence on electric subsystems in propulsion and guidance increasing system requirements.

The rocket electrical power systems market size is expected to see strong growth in the next few years. It will grow to $2.24 billion in 2030 at a compound annual growth rate (CAGR) of 7.3%. The growth in the forecast period can be attributed to expansion of commercial and reusable rocket programs requiring higher-efficiency power solutions, advancements in power electronics enabling lighter and more compact units, increasing need for high-reliability power distribution to support autonomous flight systems, adoption of modular electrical power systems to reduce manufacturing and integration costs, growing investment in space missions with sophisticated payloads driving demand for higher power capacity. Major trends in the forecast period include advanced power optimization techniques, increased demand for high-density energy storage, miniaturization of power electronics, growth in redundant power architectures, integration of radiation-hardened components.

The increasing space exploration activities are expected to drive the growth of the rocket electrical power systems market in the future. Space exploration involves scientific discovery, technological progress, and commercial opportunities beyond Earth through missions, research, and space operations. The rise in these activities is fueled by the growing demand for advanced communication and Earth observation satellites, which support global connectivity, environmental monitoring, and enhanced security. Rocket electrical power systems play a crucial role by providing consistent power to vital systems like navigation, communication, and propulsion, ensuring mission reliability in harsh space environments. For example, in September 2023, Novaspace, a France-based space consulting firm, reported that government spending on space exploration reached $27 billion in 2024 and is expected to grow to nearly $31 billion by 2034. Therefore, the expanding space exploration efforts are fueling the growth of the rocket electrical power systems market.

Leading companies in the rocket electrical power systems market are focusing on developing advanced products such as power generation units to support longer missions and guarantee reliable performance in extreme space conditions. Power generation units in rockets include devices like solar panels, fuel cells, or thermoelectric generators that produce electrical energy to power onboard systems throughout missions. For instance, in April 2025, Rocket Lab USA Inc., a US-based aerospace and defense firm, introduced Standardized Array (STARRAY), a new line of customizable solar arrays for satellites. The STARRAY family offers mission-specific solar power solutions with outputs ranging from about 100 watts to over 2,000 watts, featuring modular panel configurations and Rocket Lab’s high-efficiency, radiation-hardened quadruple junction solar cells. This product line utilizes integrated manufacturing to provide fast, cost-effective, and reliable solar arrays tailored for diverse satellite missions.

In July 2023, L3Harris Technologies, a U.S.-based aerospace and defense company, completed its acquisition of Aerojet Rocketdyne for an undisclosed amount. Through this acquisition, L3Harris seeks to strengthen the defense industrial base, increase competition, and accelerate innovation by incorporating Aerojet Rocketdyne’s propulsion and energetics capabilities into its operations, supporting critical mission requirements for the Department of Defense as well as civil space customers worldwide. Aerojet Rocketdyne is a U.S.-based company specializing in propulsion systems and advanced rocket engines, including rocket electrical power systems.

Major companies operating in the rocket electrical power systems market are RTX Corporation, Lockheed Martin Corporation, The Boeing Company, Airbus Group, Northrop Grumman Corporation, Honeywell International Inc., BAE Systems plc, Safran S.A., Leonardo S.p.A., Teledyne Technologies, Mitsubishi Electric Corporation, Moog Inc., Ball Aerospace & Technologies, Sierra Nevada Corporation, OHB SE, TERMA, Rocket Lab USA Inc., AAC Clyde Space, ZIN Technologies, RUAG Space.

North America was the largest region in the rocket electrical power systems market in 2025. The regions covered in the rocket electrical power systems 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 Are Increasing Costs Across The Rocket Electrical Power Systems Market By Raising Prices Of Critical Materials Such As Specialty Alloys, Semiconductor Components, Battery Materials, And Power Electronics Sourced Globally. Power Storage And Power Management Components Are Most Affected, Particularly In Regions Dependent On Asia-Pacific And European Supply Chains. These Tariffs Are Also Leading To Longer Lead Times And Higher System Integration Costs, However, They Are Encouraging Domestic Manufacturing, Regional Material Substitution, And Innovation In High-Efficiency Power Technologies, Providing Long-Term Strategic Advantages Despite Short-Term Challenges.

The rocket electrical power systems market research report is one of a series of new reports that provides rocket electrical power systems market statistics, including the rocket electrical power systems industry global market size, regional shares, competitors with the rocket electrical power systems market share, detailed rocket electrical power systems market segments, market trends, opportunities, and any further data you may need to thrive in the rocket electrical power systems industry. This rocket electrical power systems 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.

Rocket electrical power systems are onboard setups responsible for generating, storing, and distributing the electrical energy needed throughout all phases of a rocket’s mission. They supply power to vital components including avionics, telemetry, guidance, propulsion controls, and payload instruments. Their main function is to provide a dependable and continuous power supply for essential operations both during launch and in space.

The key components of rocket electrical power systems include power generation, power storage, power distribution, and power management. Power generation involves producing stable electrical energy to support critical onboard systems under harsh space conditions. These systems are used in launch vehicles, satellites, space probes, and space stations, serving a wide range of end users such as commercial enterprises, military, government agencies, and research institutions.

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

The rocket electrical power systems market consists of sales of redundant power systems, converters and inverters, and control and monitoring units. 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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