Space Power Electronics Market Global Report 2026

The space power electronics market size has grown rapidly in recent years. It will grow from $2.31 billion in 2025 to $2.63 billion in 2026 at a compound annual growth rate (CAGR) of 14.3%. The growth in the historic period can be attributed to increasing deployment of satellite power systems, rising demand for reliable spacecraft electronics, growing satellite launch activity, increasing investment in space exploration missions, and rising adoption of high-efficiency power converters.

The space power electronics market size is expected to see rapid growth in the next few years. It will grow to $4.43 billion in 2030 at a compound annual growth rate (CAGR) of 13.9%. The growth in the forecast period can be attributed to rising demand for electric propulsion power systems, increasing deployment of large satellite constellations, growing adoption of wide-bandgap semiconductors, increasing demand for radiation-tolerant power solutions, and expanding development of next-generation spacecraft platforms. Major trends in the forecast period include increasing adoption of radiation-hardened power electronics, growing integration of high-efficiency power conversion systems, rising demand for lightweight and compact power electronics, increasing use of wide-bandgap semiconductor devices in space power systems, and growing adoption of fault-tolerant spacecraft power architectures.

The expansion of the commercial space industry is expected to propel the growth of the space power electronics market in the coming years. The commercial space industry refers to the increasing involvement of private companies in space-related activities, including satellite deployment, space exploration, space tourism, and commercial space missions. The commercial space industry is expanding due to the growing demand for satellite-based communication, as businesses, governments, and consumers increasingly rely on satellites to provide high-speed internet connectivity. The rapid expansion of the commercial space industry creates a need for advanced space power electronics, as reliable, efficient, lightweight, and radiation-tolerant power systems are essential for enabling next-generation satellites, space exploration missions, and emerging space-based services. For instance, in April 2024, according to the World Economic Forum (WEF), a Switzerland-based non-governmental organization, commercial communications are expected to remain the largest revenue source for backbone players, growing from $196 billion in 2023 to $218 billion in 2035, as large satellite constellations such as SpaceX’s Starlink, Amazon’s Project Kuiper, and Eutelsat’s OneWeb progressively reach full deployment. Therefore, the expansion of the commercial space industry is driving the growth of the space power electronics market.

Major companies operating in the space power electronics market are focusing on developing innovative products such as radiation-hardened gallium nitride (GaN) gate driver integrated circuits to improve power efficiency, reliability, miniaturization, and performance in spacecraft electrical systems. Radiation-hardened GaN gate driver integrated circuits are advanced semiconductor components designed to control GaN power transistors in space environments, providing high-speed switching, enhanced energy efficiency, compact form factors, and resistance to radiation effects compared with conventional silicon-based power electronics. For instance, in April 2024, EPC Space, a US-based radiation-hardened semiconductor company, launched the EPC7009L16SH, a radiation-hardened GaN gate driver IC designed for space and satellite power applications. The device uses GaN-based technology to support high-frequency switching of up to 3.0 MHz while offering enhanced radiation tolerance, including a total ionizing dose capability of 1,000 kRad and immunity to single-event effects. The compact 16-pin hermetic SMT-packaged device integrates an input logic interface, undervoltage lockout protection, a linear regulator, and driver circuitry, simplifying power system design while reducing PCB space requirements. The EPC7009L16SH supports applications such as high-speed DC-DC converters, motor drivers, power switches, actuators, and satellite electrical systems, enabling more efficient and reliable power management for next-generation spacecraft.

In February 2024, BAE Systems plc, a UK-based aerospace, defense, and security technology company, acquired Ball Aerospace & Technologies Corp. for $5.5 billion. Through this acquisition, BAE Systems plc sought to expand its space and national security capabilities by integrating Ball Aerospace & Technologies Corp.’s advanced spacecraft, mission payloads, sensors, and defense technologies, strengthening its presence in high-growth defense markets and enhancing its ability to serve government and intelligence customers with multi-domain solutions. Ball Aerospace & Technologies Corp. is a US-based aerospace and defense technology company specializing in the development of space-related power electronics.

Major companies operating in the space power electronics market are RTX Corporation, General Electric Company, Airbus SE, Lockheed Martin Corporation, Honeywell International Inc, Northrop Grumman Corporation, BAE Systems plc, L3Harris Technologies Inc, The Boeing Company, Mitsubishi Electric Corporation, Texas Instruments Incorporated, Infineon Technologies AG, STMicroelectronics NV, Analog Devices Inc, Renesas Electronics Corporation, Thales SA, Microchip Technology Inc, ON Semiconductor Corporation, Safran SA, Vishay Intertechnology Inc, ROHM Co Ltd, OHB SE, Beyond Gravity AG, Kongsberg Gruppen ASA.

North America was the dominant region in the space power electronics market in 2025. Asia-Pacific is expected to be the rapidly growing region in the forecast period. The regions covered in the space power electronics market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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

This product will be delivered within 3-5 business days.