According to Nova One Advisor , the global Space DC-DC Converter market value was estimated at US$ 34.9 Million in 2020 and is projected to reach US$ 70 Mllion by 2027, registering a CAGR of 10.2% from 2020 to 2027. The report contains 150+ pages with detailed analysis.
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The major factor driving the space DC-DC converters market is the increasing number of constellation satellites. In 2016, the world’s biggest satellite constellation program was announced. This program, known as “OneWeb Satellite Constellations”, is aimed at making the internet accessible to everyone in the world. Under this program, around 648 satellites and spares, for a total of about 900 satellites, were launched in 2019. Airbus Defence and Space (Netherlands) has been selected by OneWeb Ltd. (UK) as its industrial partner for the design and manufacturing of its fleet of satellites. The first 10 satellites will be manufactured at Airbus’s France facility, while the remaining 890 satellites are expected to be built at the US facility. This program is expected to act as one of the most important driving factors in the space DC-DC converters market. The increasing adoption of small satellites by countries, such as the US, is also expected to drive the growth of the market. This provides a growth opportunity for the space DC-DC converters market, as the increasing usage of small satellites will increase the demand for space DC-DC converters. Modular Devices Inc. provides DC-DC converters, such as Series 3699 and Series 3845, for small satellites.
Space DC-DC Converter Market Dynamics
Driver: The major factor driving the space DC-DC converters market is the increasing number of constellation satellites. In 2016, the world’s biggest satellite constellation program was announced. This program, known as “OneWeb Satellite Constellations”, is aimed at making the internet accessible to everyone in the world. Under this program, around 648 satellites and spares, for a total of about 900 satellites, were launched in 2019. Airbus Defence and Space (Netherlands) has been selected by OneWeb Ltd. (UK) as its industrial partner for the design and manufacturing of its fleet of satellites.
In the current scenario, satellite manufacturers are demanding compact-sized power converters. The compactness of converters benefits the designers who need galvanically isolated output power or noise reduction in an analog circuit. The miniaturized version of DC-DC converters will offer very low output noise with extended operating temperature, which will result in high switching frequencies. As a result, the converters will deliver high efficiency. Therefore, the market players have the opportunity to reduce the device size so as to make the DC-DC converters more effective.
One of the major challenges for system manufacturers is to reduce the noise of the DC-DC converters. As the power density increases, the switching frequency of the converters also increases. Due to this, the heat generation exceeds, which increases the system noise. This increased noise results in reducing the system efficiency. Therefore, the development of DC-DC converters with low-noise performance is imperative. The system designers are facing a challenge to design a system that would produce lesser or no noise, making the system more efficient.
North America to Lead the Global Space DC-DC converters Market analysis:
In terms of region, the global Space DC-DC converters market can be divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America.
North America has the dominant share in the global Space DC-DC converters market due to the extensive adoption of and demand for Space DC-DC converterss from nearly all major industry verticals. North America will lead the market due to the presence of resources required for the implementation of Space DC-DC converterss in the region.
The telecom industry in Asia Pacific countries such as China, Japan South Korea, and Singapore are focusing on upgrading their network infrastructure to boost 5G infrastructure that will ultimately boost the demand for 5G-enabled devices and drive the market.
Increased disbursements of enterprises toward research and development in South America and the Middle East would expand the market growth across the regions.
COVID-19 Impact on Space DC-DC Converter Sales
- Businesses today are operating in a dynamic environment. Earlier focus primarily concentrated on keeping pace with changing consumer preferences. COVID-19 outbreak was unprecedented and exposed vulnerabilities of various industries. Pandemic-induces obstacles also were registered in the Space DC-DC Converter market.
- Sales plummeted as COVID-19 gradually tightened its noose worldwide. Supply-chain disruptions caused massive losses, while demand took nose-dive as consumers remained indoors with affected countries implementing either partial or complete lockdown.
- Gradual recovery however is on the cards with the roll out of vaccinations. Nonetheless, consecutive waves of the virus compelled businesses to stay prepared for the worst. As government and healthcare organizations successfully implement steps to contain the spread of COVID-19, industries have begun operations, albeit at a slow and more cautious pace.
- Against this backdrop, Nova one advisor’s study predicts gradual recovery for the Space DC-DC Converter market 2021 onwards. This trend will however continue through the course of the report’s assessment period
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Recent report on the Space DC-DC Converter market, with the help of a comprehensive outlook, provides readers with an assessment of the global market landscape. This study on the Space DC-DC Converter market analyzes the scenario for the period of 2017 to 2027, wherein, 2021 is the base year and 2020 is historical data. This report enables readers to make important decisions with regard to their business, with the help of a wealth of Information enclosed in the study. The report also provides the compound annual growth rate (CAGR) of the global Space DC-DC Converter market for the forecast period of 2021–2027. This data can help readers interpret quantitative growth aspects of the global market during the forecast period. It presents a wealth of information on key market dynamics, including drivers, market trends, and challenges, as well as the structure of the global market across the globe.
The report analyzes the historical and present-day scenario of the global Space DC-DC Converter market to accurately gauge its growth potential. The study presents detailed information about important growth factors, restraints, and key trends that are creating the landscape for growth of the global market in order to identify opportunities for stakeholders.
The report includes an elaborate executive summary, along with a snapshot of the growth behavior of various segments in the scope of the study. Moreover, the report sheds light on the changing competitive dynamics in the Space DC-DC Converter market. These indices serve as valuable tools for existing market players as well as for entities interested in participating in the market.
The report delves into the competition landscape of the global Space DC-DC Converter market. Key players operating in the market have been identified and each one of these has been profiled for distinguishing business attributes. Company overview, financial standings, recent developments, and SWOT are some of the attributes of players in the Space DC-DC Converter market that are profiled in this report.
Y-o-Y growth comparison, volume and revenue comparison, and market share comparison of various market segments are provided in the report. The Space DC-DC Converter market is analyzed at both regional and country levels.
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Some of the prominent players in the Space DC-DC converters Market include: General Electric,FUJITSU, Infineon Technologies, Ericsson, Texas Instruments, Inc., Murata Manufacturing Co. Ltd., Delta Electronics, Inc., Vicor Corporation, ST Microelectronics, ON Semiconductor.
Unravelling the Critical Segments
This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects including product type, application/end-user, and region. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for period 2017 to 2027 and covers subsequent region in its scope:
- Attitude & Orbital Control System
- Surface Mobility & Navigation Systems
- Command & Data Handling System
- Environmental Monitoring Systems
- Satellite Thermal Power Box
- Electric Power Subsystem
- Power Conditioning Unit
- Interplanetary Spacecraft & Probes
- Rovers/Spacecraft Landers
- Launch Vehicles
By Input Voltage
By Output Voltage
By Output Power
By Form Factor
- Chassis Mount
A unique research methodology has been utilized to conduct a comprehensive research on the growth of the global Space DC-DC Converter market and arrive at conclusions on the future growth prospects of the market. This research methodology is a combination of primary and secondary research, which helps analysts warrant the accuracy and reliability of the drawn conclusions. Secondary sources referred to by analysts during the production of the global market report include statistics from company annual reports, SEC filings, company websites, World Bank database, investor presentations, regulatory databases, government publications, and industry white papers. Analysts have also interviewed senior managers, product portfolio managers, CEOs, VPs, and market intelligence managers, who contributed to the production of our study on the market as a primary source.
These primary and secondary sources provided exclusive information during interviews, which serves as a validation from mattress topper industry leaders. Access to an extensive internal repository and external proprietary databases allows this report to address specific details and questions about the global Space DC-DC Converter market with accuracy. The study also uses the top-down approach to assess the numbers for each segment and the bottom-up approach to counter-validate them. This has helped to estimates the future prospects of the global market more reliable and accurate.
Key Questions are
- What are the key factors influencing the Space DC-DC Converter market in each region?
- How much value will the global market generate by the end of the forecast period?
- What will be the CAGR of the global market between 2021 and 2027?
- What would be the Y-o-Y growth trend of the global market between 2021 and 2027?
- What is the future scope and current trends in technologies of the global market?
- What is the revenue of the global market based on segments?
- Which key strategies are used by top players of the global market?
- Which are the leading companies in the global market?
- What are the essential strategies by key stakeholders in the market to expand their geographic presence?
- What are the major advancements witnessed in the global market?
Why should you invest in this report?
If you are aiming to enter the global Space DC-DC Converter market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for Space DC-DC Converter are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2021-2027 so that you can plan your strategies to enter this market accordingly.
Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.
Thanks for reading you can also get individual chapter-wise sections or region-wise report versions such as North America, Europe, or the Asia Pacific.
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