Space-Based Solar Power Market Updates by 2031
Solar electricity extracted from space using a solar power satellite and transmitted to a receiving station on Earth is known as space-based solar power. Solar power from space is employed in applications including electricity generating and space exploration. Satellites, space vehicles, rovers, and space infrastructure all benefit from solar power generated in space. Its main advantage is that it captures more solar energy than solar power installations on the ground.
MARKET DYNAMICS
The surge in investment in sustainable power generation and the implementation of severe government rules to combat pollution are driving the worldwide space-based solar power industry forward. However, the global market's growth is being hampered by high costs and other limitations connected with space-based solar power. On the other hand, R&D aimed at lowering the cost of space solar missions through improved technologies is expected to give profitable growth prospects for key players in the global space based solar power market in the future years.
MARKET SCOPE
The "Global Space-Based Solar Power Market Analysis To 2031" is a specialized and in-depth study of the technology, media, and telecommunications industry with a special focus on global market trend analysis. The space-based solar power market report aims to provide an overview of the space-based solar power market with detailed market segmentation by solar satellite type, application, and geography. The global space-based solar power market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading space-based solar power market player and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global space-based solar power market is segmented based on fuel by solar satellite type, application. Based on solar satellite type, the space-based solar power market is segmented into microwave transmitting solar satellite, laser transmitting solar satellite. Based on application, the space-based solar power market is segmented into electricity generation, space applications.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global space-based solar power market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The space-based solar power market by each region is later sub-segmented by respective countries and segments. The space-based solar power market report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the space-based solar power market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis highlighting factors affecting the space-based solar power market in these regions.
IMPACT OF COVID-19 ON SPACE-BASED SOLAR POWER MARKET
The global market for space-based solar power has been harmed by the COVID-19 pandemic. This is due to a temporary halt in manufacturing and import/export activity around the world, further disrupting the space-based solar power market's supply chain. Furthermore, the market has been significantly impacted by a temporary halt in R&D activity due to laboratory closures and insufficient funding.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global space-based solar power market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The space-based solar power market by each region is later sub-segmented by respective countries and segments. The space-based solar power market report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the space-based solar power market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis highlighting factors affecting the space-based solar power market in these regions.
IMPACT OF COVID-19 ON SPACE-BASED SOLAR POWER MARKET
The global market for space-based solar power has been harmed by the COVID-19 pandemic. This is due to a temporary halt in manufacturing and import/export activity around the world, further disrupting the space-based solar power market's supply chain. Furthermore, the market has been significantly impacted by a temporary halt in R&D activity due to laboratory closures and insufficient funding.
MARKET PLAYERS
The reports cover key developments in the space-based solar power market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from space-based solar power market are anticipated to lucrative growth opportunities in the future with the rising demand for filter products in the global market. Below mentioned is the list of few companies engaged in the space-based solar power market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the space-based solar power market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- AZUR SPACE Solar Power GmbH
- CESI S.p.A.
- Airborne
- Japan Aerospace Exploration Agency
- Fralock Innovative Materials Manufacturing and Automation
- Solaero Technologies Corporation
- Northrop Grumman Corporation
- Solaren Corporation
- Space Canada Corporation
- Solar Space Technologies
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
TABLE OF CONTENTS
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Space-Based Solar Power Market - By Solar Satellite Type
1.3.2 Space-Based Solar Power Market - By Application
1.3.3 Space-Based Solar Power Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. SPACE-BASED SOLAR POWER MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. EXPERT OPINIONS
5. SPACE-BASED SOLAR POWER MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. SPACE-BASED SOLAR POWER MARKET - GLOBAL MARKET ANALYSIS
6.1. SPACE-BASED SOLAR POWER - GLOBAL MARKET OVERVIEW
6.2. SPACE-BASED SOLAR POWER - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. SPACE-BASED SOLAR POWER MARKET - REVENUE AND FORECASTS TO 2028 - SOLAR SATELLITE TYPE
7.1. OVERVIEW
7.2. SOLAR SATELLITE TYPE MARKET FORECASTS AND ANALYSIS
7.3. MICROWAVE TRANSMITTING SOLAR SATELLITE
7.3.1. Overview
7.3.2. Microwave Transmitting Solar Satellite Market Forecast and Analysis
7.4. LASER TRANSMITTING SOLAR SATELLITE
7.4.1. Overview
7.4.2. Laser Transmitting Solar Satellite Market Forecast and Analysis
8. SPACE-BASED SOLAR POWER MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. ELECTRICITY GENERATION
8.3.1. Overview
8.3.2. Electricity Generation Market Forecast and Analysis
8.4. SPACE APPLICATIONS
8.4.1. Overview
8.4.2. Space Applications Market Forecast and Analysis
9. SPACE-BASED SOLAR POWER MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Space-Based Solar Power Market Overview
9.1.2 North America Space-Based Solar Power Market Forecasts and Analysis
9.1.3 North America Space-Based Solar Power Market Forecasts and Analysis - By Solar Satellite Type
9.1.4 North America Space-Based Solar Power Market Forecasts and Analysis - By Application
9.1.5 North America Space-Based Solar Power Market Forecasts and Analysis - By Countries
9.1.5.1 United States Space-Based Solar Power Market
9.1.5.1.1 United States Space-Based Solar Power Market by Solar Satellite Type
9.1.5.1.2 United States Space-Based Solar Power Market by Application
9.1.5.2 Canada Space-Based Solar Power Market
9.1.5.2.1 Canada Space-Based Solar Power Market by Solar Satellite Type
9.1.5.2.2 Canada Space-Based Solar Power Market by Application
9.1.5.3 Mexico Space-Based Solar Power Market
9.1.5.3.1 Mexico Space-Based Solar Power Market by Solar Satellite Type
9.1.5.3.2 Mexico Space-Based Solar Power Market by Application
9.2. EUROPE
9.2.1 Europe Space-Based Solar Power Market Overview
9.2.2 Europe Space-Based Solar Power Market Forecasts and Analysis
9.2.3 Europe Space-Based Solar Power Market Forecasts and Analysis - By Solar Satellite Type
9.2.4 Europe Space-Based Solar Power Market Forecasts and Analysis - By Application
9.2.5 Europe Space-Based Solar Power Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Space-Based Solar Power Market
9.2.5.1.1 Germany Space-Based Solar Power Market by Solar Satellite Type
9.2.5.1.2 Germany Space-Based Solar Power Market by Application
9.2.5.2 France Space-Based Solar Power Market
9.2.5.2.1 France Space-Based Solar Power Market by Solar Satellite Type
9.2.5.2.2 France Space-Based Solar Power Market by Application
9.2.5.3 Italy Space-Based Solar Power Market
9.2.5.3.1 Italy Space-Based Solar Power Market by Solar Satellite Type
9.2.5.3.2 Italy Space-Based Solar Power Market by Application
9.2.5.4 United Kingdom Space-Based Solar Power Market
9.2.5.4.1 United Kingdom Space-Based Solar Power Market by Solar Satellite Type
9.2.5.4.2 United Kingdom Space-Based Solar Power Market by Application
9.2.5.5 Russia Space-Based Solar Power Market
9.2.5.5.1 Russia Space-Based Solar Power Market by Solar Satellite Type
9.2.5.5.2 Russia Space-Based Solar Power Market by Application
9.2.5.6 Rest of Europe Space-Based Solar Power Market
9.2.5.6.1 Rest of Europe Space-Based Solar Power Market by Solar Satellite Type
9.2.5.6.2 Rest of Europe Space-Based Solar Power Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Space-Based Solar Power Market Overview
9.3.2 Asia-Pacific Space-Based Solar Power Market Forecasts and Analysis
9.3.3 Asia-Pacific Space-Based Solar Power Market Forecasts and Analysis - By Solar Satellite Type
9.3.4 Asia-Pacific Space-Based Solar Power Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Space-Based Solar Power Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Space-Based Solar Power Market
9.3.5.1.1 Australia Space-Based Solar Power Market by Solar Satellite Type
9.3.5.1.2 Australia Space-Based Solar Power Market by Application
9.3.5.2 China Space-Based Solar Power Market
9.3.5.2.1 China Space-Based Solar Power Market by Solar Satellite Type
9.3.5.2.2 China Space-Based Solar Power Market by Application
9.3.5.3 India Space-Based Solar Power Market
9.3.5.3.1 India Space-Based Solar Power Market by Solar Satellite Type
9.3.5.3.2 India Space-Based Solar Power Market by Application
9.3.5.4 Japan Space-Based Solar Power Market
9.3.5.4.1 Japan Space-Based Solar Power Market by Solar Satellite Type
9.3.5.4.2 Japan Space-Based Solar Power Market by Application
9.3.5.5 South Korea Space-Based Solar Power Market
9.3.5.5.1 South Korea Space-Based Solar Power Market by Solar Satellite Type
9.3.5.5.2 South Korea Space-Based Solar Power Market by Application
9.3.5.6 Rest of Asia-Pacific Space-Based Solar Power Market
9.3.5.6.1 Rest of Asia-Pacific Space-Based Solar Power Market by Solar Satellite Type
9.3.5.6.2 Rest of Asia-Pacific Space-Based Solar Power Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Space-Based Solar Power Market Overview
9.4.2 Middle East and Africa Space-Based Solar Power Market Forecasts and Analysis
9.4.3 Middle East and Africa Space-Based Solar Power Market Forecasts and Analysis - By Solar Satellite Type
9.4.4 Middle East and Africa Space-Based Solar Power Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Space-Based Solar Power Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Space-Based Solar Power Market
9.4.5.1.1 South Africa Space-Based Solar Power Market by Solar Satellite Type
9.4.5.1.2 South Africa Space-Based Solar Power Market by Application
9.4.5.2 Saudi Arabia Space-Based Solar Power Market
9.4.5.2.1 Saudi Arabia Space-Based Solar Power Market by Solar Satellite Type
9.4.5.2.2 Saudi Arabia Space-Based Solar Power Market by Application
9.4.5.3 U.A.E Space-Based Solar Power Market
9.4.5.3.1 U.A.E Space-Based Solar Power Market by Solar Satellite Type
9.4.5.3.2 U.A.E Space-Based Solar Power Market by Application
9.4.5.4 Rest of Middle East and Africa Space-Based Solar Power Market
9.4.5.4.1 Rest of Middle East and Africa Space-Based Solar Power Market by Solar Satellite Type
9.4.5.4.2 Rest of Middle East and Africa Space-Based Solar Power Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Space-Based Solar Power Market Overview
9.5.2 South and Central America Space-Based Solar Power Market Forecasts and Analysis
9.5.3 South and Central America Space-Based Solar Power Market Forecasts and Analysis - By Solar Satellite Type
9.5.4 South and Central America Space-Based Solar Power Market Forecasts and Analysis - By Application
9.5.5 South and Central America Space-Based Solar Power Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Space-Based Solar Power Market
9.5.5.1.1 Brazil Space-Based Solar Power Market by Solar Satellite Type
9.5.5.1.2 Brazil Space-Based Solar Power Market by Application
9.5.5.2 Argentina Space-Based Solar Power Market
9.5.5.2.1 Argentina Space-Based Solar Power Market by Solar Satellite Type
9.5.5.2.2 Argentina Space-Based Solar Power Market by Application
9.5.5.3 Rest of South and Central America Space-Based Solar Power Market
9.5.5.3.1 Rest of South and Central America Space-Based Solar Power Market by Solar Satellite Type
9.5.5.3.2 Rest of South and Central America Space-Based Solar Power Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. SPACE-BASED SOLAR POWER MARKET, KEY COMPANY PROFILES
11.1. AZUR SPACE SOLAR POWER GMBH
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. CESI S.P.A.
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. AIRBORNE
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. JAPAN AEROSPACE EXPLORATION AGENCY
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. FRALOCK INNOVATIVE MATERIALS MANUFACTURING AND AUTOMATION
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. SOLAERO TECHNOLOGIES CORPORATION
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. NORTHROP GRUMMAN CORPORATION
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. SOLAREN CORPORATION
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. SPACE CANADA CORPORATION
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. SOLAR SPACE TECHNOLOGIES
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
The List Of Companies
- AZUR SPACE Solar Power GmbH
- CESI S.p.A.
- Airborne
- Japan Aerospace Exploration Agency
- Fralock Innovative Materials Manufacturing and Automation
- Solaero Technologies Corporation
- Northrop Grumman Corporation
- Solaren Corporation
- Space Canada Corporation
- Solar Space Technologies
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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