Space Power Electronics Market Revenue to Attain USD 1327.26 Mn by 2033

25 Sep 2025

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Table of Content

1. Space Power Electronics Market Revenue and Trends 2025 to 2033 2. What are the Key Factors influencing the Growth of the Space Power Electronics Industry? 3. Segment Insights: 4. Regional Insights: 5. Space Power Electronics Market Coverage

Space Power Electronics Market Revenue and Trends 2025 to 2033

The global space power electronics market revenue reached USD 351.61 million in 2025 and is predicted to attain around USD 1327.26 million by 2033 with a CAGR of 18.07%. The market is expanding due to the surging global demand for satellite services, miniaturization of spacecraft components, advances in semiconductor technology, and increasing government and commercial space missions that require reliable, efficient, and radiation-tolerant power systems.

What are the Key Factors influencing the Growth of the Space Power Electronics Industry?

The space power electronics industry is evolving due to several interconnected factors. The proliferation of small satellite constellations for communications, Earth observation, and IoT applications is driving the need for lighter, more efficient, and compact electronics. This, in turn, is increasing the need for high-density power ICs and converters. The rise of electric propulsion, advanced solar arrays, and high-throughput payloads demand higher bus voltages and efficient power conversion, driving the adoption of SiC and GaN devices for their superior thermal performance and radiation resistance.

Furthermore, growing investments from both public and private sectors in deep space missions, lunar exploration, in-orbit servicing, and space infrastructure are fueling the demand for long-life, dependable, space-grade power electronics. Regulatory, environmental, and supply chain pressures are also prompting the development of resilient, domestically sourced wide-bandgap semiconductors.

Segment Insights:

• By device type, the power ICs segment dominated the space power electronics market in 2024. This is mainly due to their compact size, high integration, and reliability, which are critical for space applications. 
• By component type, the DC-DC converters segment held a major share of the market in 2024, as they are critical in transforming voltage levels to match the specific requirements of onboard instruments.
• By voltage range, the medium voltage (100-500 V) segment led the market in 2024, owing to its optimal balance between power efficiency, size, and thermal performance, which are crucial for space applications. More spacecraft prefer medium voltage systems to enhance capabilities for electric propulsion, payload electronics, and reduce I²R losses.
• By material, the silicon (Si) segment dominated the market while holding the majority of share in 2024 due to its proven reliability, cost-effectiveness, and ability to improve performance across various power applications. 
• By application, the satellite power systems segment maintains dominance in the market, driven by the increase in satellite deployments for communication, Earth observation, the Global Positioning System (GPS), and defense applications. 
• By end-user, the commercial space operators segment contributed the largest market share in 2024, driven by their strong focus on satellite launches for broadband internet, Earth observation, and data services, which in turn drove high demand for reliable and efficient power electronics.

Regional Insights:

North America dominated the space power electronics market by capturing the largest share in 2024. This is primarily due to its well-established aerospace and defense sectors. Strong R&D infrastructure and significant government spending, facilitated by NASA, DARPA, and the U.S. Department of Defense, also contributed to the region’s dominance. Major U.S.-based companies are at the forefront of developing radiation-hardened devices, wide-bandgap technology, and innovative supply chains, which support market growth.

Asia Pacific is emerging as the fastest-growing market for space power electronics, with China, India, Japan, and South Korea increasing satellite launches and investing in satellite platform design and semiconductor component production. Government space programs, private space startups, and the demand for broadband and Earth observation services are driving the growth of the market in the region.

Space Power Electronics Market Coverage

Recent Development:

• On June 25, 2025, EPC Space LLC launched the EPC7030MSH, a radiation-hardened 300 VGaN FET designed for high-voltage, high-power space applications. It offers unmatched performance for next-gen satellite power systems and electric propulsion in harsh environments. (Source- https://www.semiconductor-today.com)

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