Global Space-based Solar Power Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Type;

Deep Space Microwave Transmitting Satellite, and Nearer Laser Beam Transmitting Satellite.

By Application;

Electricity Generation, and Space Applications.

By End Users;

Government and Defense, Commercial.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn532278366 Published Date: January, 2025 Updated Date: February, 2025

Introduction

Global Space-based Solar Power Market (USD Million), 2021 - 2031

In the year 2024, the Global Space-based Solar Power Market was valued at USD 589.54 million. The size of this market is expected to increase to USD 997.34 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 7.8%.

The global space-based solar power (SBSP) market represents a paradigm shift in renewable energy generation, offering a promising solution to the growing demand for clean and sustainable power sources. SBSP involves capturing solar energy in space and transmitting it wirelessly to Earth using microwave or laser beams. This revolutionary concept mitigates many of the limitations associated with terrestrial solar power generation, such as intermittency and geographical constraints, by harnessing solar energy in orbit where sunlight is constant and uninterrupted. As the world seeks to transition towards a low-carbon economy and mitigate the impacts of climate change, SBSP emerges as a compelling alternative with the potential to revolutionize the global energy landscape.

One of the key advantages of SBSP is its ability to provide continuous, baseload power to remote or densely populated areas, without being hindered by factors like weather patterns or time of day. This inherent reliability makes SBSP an attractive option for addressing energy security concerns and reducing reliance on fossil fuels. Additionally, space-based solar arrays have the potential to generate significantly higher power outputs compared to ground-based installations due to the absence of atmospheric attenuation and the ability to capture solar energy around the clock. As advancements in space technology and wireless power transmission continue to progress, the feasibility and scalability of SBSP as a viable energy solution are increasingly being realized.

Furthermore, the global space-based solar power market is witnessing a surge in research and development initiatives, as governments, space agencies, and private enterprises recognize the transformative potential of this technology. Collaborations between space agencies, aerospace companies, and energy firms are driving innovation in solar panel design, space launch systems, and wireless power transmission technologies. Moreover, the commercialization of space and the emergence of new space ventures are opening up opportunities for private investment and partnerships in the SBSP sector. As the world seeks to accelerate the transition towards renewable energy sources, space-based solar power stands out as a game-changing innovation with the capacity to meet the world's energy needs sustainably and efficiently.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Application
    3. Market Snapshot, By End Users
    4. Market Snapshot, By Region
  4. Global Space-based Solar Power Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Energy Security Concerns
        2. Continuous Baseload Power Generation
        3. Potential for Higher Power Outputs
      2. Restraints
        1. High Initial Investment Costs
        2. Technological Challenges
        3. Regulatory and Legal Hurdles
      3. Opportunities
        1. Advancements in Space Technology
        2. International Collaborations and Partnerships
        3. Commercialization of Space Industry
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Space-based Solar Power Market, By Type, 2021 - 2031 (USD Million)
      1. Deep Space Microwave Transmitting Satellite
      2. Nearer Laser Beam Transmitting Satellite
    2. Global Space-based Solar Power Market, By Application, 2021 - 2031 (USD Million)
      1. Electricity Generation
      2. Space Applications
    3. Global Space-based Solar Power Market, By End Users, 2021 - 2031 (USD Million)
      1. Government and Defense
      2. Commercial
    4. Global Space-based Solar Power Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Space Energy Inc.
      2. Solaren Corporation
      3. Shimizu Corporation
      4. Mitsubishi Electric Corporation
      5. PowerSat Corporation
      6. China Academy of Space Technology (CAST)
      7. NASA (National Aeronautics and Space Administration)
      8. European Space Agency (ESA)
      9. Indian Space Research Organisation (ISRO)
      10. Japan Aerospace Exploration Agency (JAXA)
  7. Analyst Views
  8. Future Outlook of the Market