The Space-Based Solar Arrays Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Space-Based Solar Arrays Market?
The market size of the space-based solar arrays has seen a rapid expansion in recent years. It is projected to increase from $2.94 billion in 2024 to $3.31 billion in 2025, with a compound annual growth rate (CAGR) of 12.5%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Space-Based Solar Arrays Industry?
In 2029, the space-based solar arrays market is projected to reach $5.25 billion, growing at a compound annual growth rate (CAGR) of 12.2%.
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What are the Key Growth Drivers Fueling the Space-Based Solar Arrays Market?
The key drivers in the space-based solar arrays market are:
• Rising demand for satellite power systems
• Increased government and defense investment in space infrastructure
• Growth in private sector space launches and mega-constellations
• Potential in renewable energy and off-planet power sources
Global Market Segmentation: Identifying Major Space-Based Solar Arrays Industry Segments
The space-based solar arrays market covered in this report is segmented –
1) By Component: Solar Panels, Power Transmission Systems, Energy Storage Systems, Other Components
2) By Deployment: Low Earth Orbit, Medium Earth Orbit, Geostationary Orbit, Other Deployments
3) By Application: Commercial, Defense, Other Applications
4) By End-User: Government, Private Sector, Other End-Users
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What are the Emerging Trends Shaping the Future of the Space-Based Solar Arrays Market?
The key trends in the space-based solar arrays market are:
• The adoption of CIGS thin-film solar modules is a trending development in the market.
• Integrated power and propulsion systems are starting to shape the space-based solar arrays market.
• Advances in the conversion of solar energy is an emerging trend in the sector.
• The rise of smart, self-deploying array systems and 3D printing and in-space manufacturing of arrays are significantly influencing market direction.
Who Are the Top Competitors & Leading Players in the Space-Based Solar Arrays Market?
Major players in the space-based solar arrays market are:
• The Boeing Company
• Airbus SE
• Northrop Grumman Corporation
• Thales Alenia Space SAS
• OHB SE
• Rocket Lab USA Inc.
• Spectrolab Inc.
• GomSpace A/S
• NanoAvionics LLC
• SolAero Technologies Corp.
• Innovative Solutions In Space B.V. (ISISPACE)
• DHV Technology S.L.
• Pumpkin Inc.
• MMA Design LLC
• Virtus Solis
• ARTEMIS Innovation Management Solutions LLC
• Orbital Composites Inc.
• 3K SpaceTech Pvt Ltd.
• Aetherflux Inc.
• lvior Technologies Inc.
Regional Dominance: Which Area Leads the Global Space-Based Solar Arrays Market?
North America was the largest region in the space-based solar arrays market in 2024
