Market Forecast by Countries (Germany, United Kingdom, France, Italy, Russia, Spain, Rest of Europe), By Device Type (Power Discrete, Power Module, Power IC), By Application (Satellites, Spacecraft & Launch Vehicles, Space Stations, Rovers), By Platform type (Power, Command and data handling, ADCS, Propulsion, TT&C, Structure, Thermal system), By Voltage (Low Voltage, Medium Voltage, High Voltage), By Current (Upto 25A, 25-50A, Over 50A) And Competitive Landscape
Product Code: ETC4612434 | Publication Date: Jul 2023 | Updated Date: Mar 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 | |
Report Name | Europe Space Power Electronics Market |
Forecast period | 2025-2031 |
Forecast Size | USD 600 million by 2031 |
CAGR | 6.3% |
Growing Sector | Aerospace |
Europe Space Power Electronics Market report thoroughly covers the market by countries, by device type, by application, by platform type, by voltage, and by current. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
The Europe Space Power Electronics Market was estimated at USD 250 million and is expected to reach USD 600 million by 2031, growing at a CAGR of 6.3% during the forecast period (2025-2031). This growth can be attributed to the increasing demand for satellite communication, remote sensing, and navigation systems in Europe. In addition, the growing investments in space exploration and the development of new satellites are also expected to drive market growth.
The Europe space power electronics market is expected to witness significant growth over the coming years, owing to the increasing number of space missions and advancements in technology. Furthermore, advancements in technology such as the development of efficient and miniaturized power electronics components are opening up new possibilities for the space industry. This allows for smaller, more cost-effective satellites to be launched, making space more accessible for a wider range of applications.
According to 6Wresearch, the Europe Space Power Electronics Market size is estimated to grow at a CAGR of 6.3% during the forecast period 2025-2031. The rising demand for small satellites. These satellites require compact, lightweight, and efficient power systems to operate effectively in space. This has led to a surge in investments by companies such as SpaceX, OneWeb, and Blue Origin to develop and launch small satellites, thereby driving the demand for space power electronics. Moreover, the growing trend of satellite constellations for applications such as Earth observation, navigation, and broadband services is also fueling the demand for space power electronics in Europe. The European Commission's Copernicus program, which aims to create a global monitoring network using an array of satellites, is a prime example of such a trend. There are also plenty of opportunities for growth in the Europe space power electronics market. The increasing demand for small satellites and satellite constellations offers a significant opportunity for companies to tap into this emerging market. In addition, the growing trend of space exploration missions by governments and private companies presents Europe Space Power Electronics Market growth.
Several European governments have introduced initiatives aimed at supporting the growth and development of the space power electronics market. For instance, the European Space Agency (ESA) has launched programs to fund research and development projects in the field of advanced power electronics. These initiatives provide financial assistance and technical support, encouraging innovation and reducing the entry barriers for new companies.
The European space power electronics market is dominated by several key players that have established a strong presence. These include Thales Alenia Space, Airbus Defence and Space, and Leonardo S.p.A, among others.
The Europe space power electronics industry is poised for significant growth. The trend towards smaller satellites and satellite constellations is expected to continue, driving demand for advanced power electronics. Additionally, the push for deep space exploration and manned missions to other planets will necessitate the development of highly reliable and efficient power electronics systems.
According to Dhaval, Research Manager, 6Wresearch, Germany stands out as the leader which is increasing the Europe space power electronics market share. This prominence can be attributed to the country's robust aerospace industry, significant investment in research and development, and a strong tradition of engineering excellence. Germany's role as a hub for technological innovation, especially in the space sector, is supported by its collaboration with both European and international space agencies.
Based on the voltage, the demand for low voltage systems is gaining traction in the market, driven by their efficient operation of satellites, spacecraft, and other space exploration vehicles, where power efficiency and reliability are paramount. Low voltage power electronics dominate due to their extensive use in various satellite subsystems, including communication, navigation, and payload management.
The report offers a comprehensive study of the subsequent market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Europe Space Power Electronics Market Overview |
3.1 Europe Regional Macro Economic Indicators |
3.2 Europe Space Power Electronics Market Revenues & Volume, 2021 & 2031F |
3.3 Europe Space Power Electronics Market - Industry Life Cycle |
3.4 Europe Space Power Electronics Market - Porter's Five Forces |
3.5 Europe Space Power Electronics Market Revenues & Volume Share, By Countries, 2021 & 2031F |
3.6 Europe Space Power Electronics Market Revenues & Volume Share, By Device Type, 2021 & 2031F |
3.7 Europe Space Power Electronics Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.8 Europe Space Power Electronics Market Revenues & Volume Share, By Platform type, 2021 & 2031F |
3.9 Europe Space Power Electronics Market Revenues & Volume Share, By Voltage, 2021 & 2031F |
3.10 Europe Space Power Electronics Market Revenues & Volume Share, By Current, 2021 & 2031F |
4 Europe Space Power Electronics Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Europe Space Power Electronics Market Trends |
6 Europe Space Power Electronics Market, 2021 - 2031 |
6.1 Europe Space Power Electronics Market, Revenues & Volume, By Device Type, 2021 - 2031 |
6.2 Europe Space Power Electronics Market, Revenues & Volume, By Application, 2021 - 2031 |
6.3 Europe Space Power Electronics Market, Revenues & Volume, By Platform type, 2021 - 2031 |
6.4 Europe Space Power Electronics Market, Revenues & Volume, By Voltage, 2021 - 2031 |
6.5 Europe Space Power Electronics Market, Revenues & Volume, By Current, 2021 - 2031 |
7 Germany Space Power Electronics Market, 2021 - 2031 |
7.1 Germany Space Power Electronics Market, Revenues & Volume, By Device Type, 2021 - 2031 |
7.2 Germany Space Power Electronics Market, Revenues & Volume, By Application, 2021 - 2031 |
7.3 Germany Space Power Electronics Market, Revenues & Volume, By Platform type, 2021 - 2031 |
7.4 Germany Space Power Electronics Market, Revenues & Volume, By Voltage, 2021 - 2031 |
7.5 Germany Space Power Electronics Market, Revenues & Volume, By Current, 2021 - 2031 |
8 United Kingdom Space Power Electronics Market, 2021 - 2031 |
8.1 United Kingdom Space Power Electronics Market, Revenues & Volume, By Device Type, 2021 - 2031 |
8.2 United Kingdom Space Power Electronics Market, Revenues & Volume, By Application, 2021 - 2031 |
8.3 United Kingdom Space Power Electronics Market, Revenues & Volume, By Platform type, 2021 - 2031 |
8.4 United Kingdom Space Power Electronics Market, Revenues & Volume, By Voltage, 2021 - 2031 |
8.5 United Kingdom Space Power Electronics Market, Revenues & Volume, By Current, 2021 - 2031 |
9 France Space Power Electronics Market, 2021 - 2031 |
9.1 France Space Power Electronics Market, Revenues & Volume, By Device Type, 2021 - 2031 |
9.2 France Space Power Electronics Market, Revenues & Volume, By Application, 2021 - 2031 |
9.3 France Space Power Electronics Market, Revenues & Volume, By Platform type, 2021 - 2031 |
9.4 France Space Power Electronics Market, Revenues & Volume, By Voltage, 2021 - 2031 |
9.5 France Space Power Electronics Market, Revenues & Volume, By Current, 2021 - 2031 |
10 Italy Space Power Electronics Market, 2021 - 2031 |
10.1 Italy Space Power Electronics Market, Revenues & Volume, By Device Type, 2021 - 2031 |
10.2 Italy Space Power Electronics Market, Revenues & Volume, By Application, 2021 - 2031 |
10.3 Italy Space Power Electronics Market, Revenues & Volume, By Platform type, 2021 - 2031 |
10.4 Italy Space Power Electronics Market, Revenues & Volume, By Voltage, 2021 - 2031 |
10.5 Italy Space Power Electronics Market, Revenues & Volume, By Current, 2021 - 2031 |
11 Russia Space Power Electronics Market, 2021 - 2031 |
11.1 Russia Space Power Electronics Market, Revenues & Volume, By Device Type, 2021 - 2031 |
11.2 Russia Space Power Electronics Market, Revenues & Volume, By Application, 2021 - 2031 |
11.3 Russia Space Power Electronics Market, Revenues & Volume, By Platform type, 2021 - 2031 |
11.4 Russia Space Power Electronics Market, Revenues & Volume, By Voltage, 2021 - 2031 |
11.5 Russia Space Power Electronics Market, Revenues & Volume, By Current, 2021 - 2031 |
12 Spain Space Power Electronics Market, 2021 - 2031 |
12.1 Spain Space Power Electronics Market, Revenues & Volume, By Device Type, 2021 - 2031 |
12.2 Spain Space Power Electronics Market, Revenues & Volume, By Application, 2021 - 2031 |
12.3 Spain Space Power Electronics Market, Revenues & Volume, By Platform type, 2021 - 2031 |
12.4 Spain Space Power Electronics Market, Revenues & Volume, By Voltage, 2021 - 2031 |
12.5 Spain Space Power Electronics Market, Revenues & Volume, By Current, 2021 - 2031 |
13 Rest of Europe Space Power Electronics Market, 2021 - 2031 |
13.1 Rest of Europe Space Power Electronics Market, Revenues & Volume, By Device Type, 2021 - 2031 |
13.2 Rest of Europe Space Power Electronics Market, Revenues & Volume, By Application, 2021 - 2031 |
13.3 Rest of Europe Space Power Electronics Market, Revenues & Volume, By Platform type, 2021 - 2031 |
13.4 Rest of Europe Space Power Electronics Market, Revenues & Volume, By Voltage, 2021 - 2031 |
13.5 Rest of Europe Space Power Electronics Market, Revenues & Volume, By Current, 2021 - 2031 |
14 Europe Space Power Electronics Market Key Performance Indicators |
15 Europe Space Power Electronics Market - Opportunity Assessment |
15.1 Europe Space Power Electronics Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Europe Space Power Electronics Market Opportunity Assessment, By Device Type, 2021 & 2031F |
15.3 Europe Space Power Electronics Market Opportunity Assessment, By Application, 2021 & 2031F |
15.4 Europe Space Power Electronics Market Opportunity Assessment, By Platform type, 2021 & 2031F |
15.5 Europe Space Power Electronics Market Opportunity Assessment, By Voltage, 2021 & 2031F |
15.6 Europe Space Power Electronics Market Opportunity Assessment, By Current, 2021 & 2031F |
16 Europe Space Power Electronics Market - Competitive Landscape |
16.1 Europe Space Power Electronics Market Revenue Share, By Companies, 2024 |
16.2 Europe Space Power Electronics Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Company Profiles |
18 Recommendations |
19 Disclaimer |