Space Battery Market Synopsis

Space Battery Market Size Was Valued at USD 392.26 Billion in 2023, and is Projected to Reach USD 646.03 Billion by 2032, Growing at a CAGR of 5.70% From 2024-2032.

Space battery is a battery specially developed to work under conditions that are characteristic of space environment. These batteries are endowed for use in satellites, space probes, rovers, and any other paraphernalia required in space exploration; they offer steady energy for long-term operations. Space batteries must withstand very low or high temperatures, radiation, vacuum, and absence of maintenance. These normally require high energy density, long service life and good safety characteristics. There are many types, like lithium-ion, nickel-hydroden, and some of the latest ones as the solid-state batteries, all selected due to their characteristics that nowadays are able to meet the requirements of space programs.

  • The specialty here is that the space battery market does not represent a large and diversified market segment in the field of energy storage but it is a rather narrow one that is aimed at the creation, manufacturing, and application of batteries specifically for space activity or orbiter missions. These batteries are specifically used in spacecraft, satellites, space station as well as other equipment meant for space use. Space exploration and some of its forms such as lunar exploration, extreme temperature fluctuations, radiation along with long term space exposure and many others mean that for efficient and reliable energy source storage is the most efficient way to go. The market has grown over the years because of new and frequent space missions through improvements in space exploration and development technologies, entry of private players in the space sector.
  • The following are some of the factors that are driving the space battery market; The first factor is calculated using the growing trends of satellite launches caused by the need for communication, meteorology, navigation, and remote sensing. Thus, the growth of a multitude of small satellites and constellations initiated by the proponent SpaceX with the Starlink project has heightened the demand for effective and reliable batteries. Also, the revival of the lunar and Mars exploration missions by NASA, ESA, and other private players like SpaceX blue origin is a significant opportunity for the space battery market.
  • Technological advancement is also a factor that is fast influencing the market at the moment. Advancements in battery types like lithium ion and solid type battery chemistries mean better energy density, longevity and resilience to the space conditions. Recent advancements in the thermal management systems and radiation tolerance components are offering the longevity to the space batteries. Also, the shift towards reusable launch vehicles and in-orbit servicing of satellites is fueling the need for batteries that would endure multiple launch and reentry.
  • However, there are some issues affecting the market of space batteries for prospect growth The first challenge is: The application of space qualified batteries is also limited by the enforcement of tough standards for the development of battery systems, which include the testing and certification processes, raising the costs of development significantly and lengthening the time it takes to get the batteries ready for space use. Whenever energy carrying batteries are taken to space, there are some constrains such as fluctuating temperatures and radiation that work against the sound technicality of the batteries. As with most battery technologies, long duration missions ranging from decades require the protection of the batteries’ safety and integrity which is a major preoccupation among manufacturers.
  • The structure of the market is also remarkably saturated by the companies operating in aerospace and defense industries at the moment of entering the space battery market. Some of the few leading companies currently with state of the art battery solutions are EaglePicher Technologies, Saft Groupe, and GS Yuasa. They are also setting high amounts of their revenues to research and development in order to invent and sustain their competitive advantage. Space agencies, private space companies, and battery manufacturers also developed a kind of symbiosis when it comes to sharing the risks that are usually connected with space missions due to the technological relations.
  • The space battery market in the future is still bright and containing multitudes of potential prospects that can be seized. The continual advancement in the size of satellites and the use of big satellite constellations to provide global internet connectivity are other drivers to Compact, High-Performance Batteries. Thus, ambitious plans of people’s space missions, such as Martian colonization and the creation of lunar bases, will increase the demand for efficient and durable energy storage systems.
  • Other new developments like wireless power transmission and energy scavenging in space can also supplement the conventional battery systems to offer cleaner and efficient power sources for space exploration. Moreover, in view of the fact that the space battery is a developing technology, it is expected that there will be improvements in the material science for the electrodes and electrolyte of the battery.
  • Therefore, it can be said that the space battery market will continue to grow rapidly thanks to the growing interest in space exploration and the development of new technologies and private industries. However, some problems associated with cost, the technical aspect, and other difficulties that affect the effectiveness of energy storage systems remain actual again and require constant developments and cooperation within the space industry for creating more effective energy storage systems.

Space Battery Market Trend Analysis

Increased Adoption of Lithium-Ion Batteries

  • Lithium-ion batteries have become more popular in the matrix of the space battery market because of their higher energy density and the advantages compared to other batteries. It is these batteries that are widely used in space exploration and satellite communications and technology, space probe flights, manned missions because of such features as low weight, and high performance indicators. Technology has even improved them and made them far safer and more reliable, which is why they are today synonymous with critical space missions where weight and power are critical factors.
  • In the same way, the increasing need for communication, earth observing, and navigation satellite services, among other applications has also enhanced the use of lithium-ion batteries needed for continuous and efficient service delivery of satellites. It is also supported by the enhancement in the spending on space exploration and commerce by governmental space agencies and other private entities. Thus, the market of space batteries is growing rapidly, and lithium-ion batteries are becoming an essential component in satisfying new needs in modern space technologies.

Expansion of Satellite and Space Exploration Programs

  • The use of satellite systems as well as space exploration activities are useful growth impellers of the space battery market. With governmental space agencies like NASA, ESA, increasing their endeavors and private industries like SpaceX, Blue Origin also focusing on satellite launches, lunar explorations, mars explorations and other novel projects in space there is a massive demand for efficient and reliable energy storage solutions in the space technology domain. Space batteries which are used for electric power supply for space craft, satellites, rovers and space stations are now being developed whereby their energy density, power output and durability are boosted in relation to the increased rate of extreme space conditions.
  • The lithium-ion batteries are dominating this market because of their high energy density and the use of lightweight materials while the current research is looking into solid-state batteries and the others for the future application. The enhancements in space infrastructure, people’s collaborations, and people’s space tourism give a further boost to the market. This expansion is also due to increased miniaturization in electronic circuitry which in turn prompts for small power sources in the form of advanced space batteries used for sustaining longer inter planetary missions and the increase in the usage of small satellites also called SSBs which are aimed at increasing world communication and earth observation systems.

Space Battery Market Segment Analysis:

Space Battery Market Segmented based on  Battery Type, Platform Type,Component and Application .

By Battery Type, Lithium-ion Batteries segment is expected to dominate the market during the forecast period

  • In the segment of the space battery market breakdown by battery type, there is a rather heterogeneous picture caused by the specific requirements of space usage. Lithium-ion batteries reign this segment because of the high energy density, high efficiency, and long cycle life that makes them appropriate for satellite and space probe use. Nickel-Cadmium batteries remain in the service because of the high resistance and the performance in various harsh conditions despite being inferior to others, especially in newer satellite models and other specific tasks where these features are valued. Long cycle life Nickel-Hydrogen batteries that have been successfully used in space are utilized in long missions like the International Space Station. Silver–Zinc batteries have high energy density and power, however, their cycle life is comparatively less and costly, but they are used in the emergency applications like space missions that require an immediate boost of power.
  • Further development of other battery types such as lithium-ion batteries as well as innovative technologies of batteries and hybrid batteries is for the improvement of efficiency, light weight and in general for the improvement of space missions. The ongoing enhancement and development of batteries cannot be prohibited because of the ever-increasingpower demands of space travel and satellite functions.

By Platform Type , Satellites segment held the largest share in 2023

  • The Space Battery Market, in terms of the platform type that the battery is used has been categorized as satellites, launch vehicles, rovers, spacecrafts, and others where each of these platforms has its respective needs and requirements of the battery technology. A primary type of satellites makes up a large part of the market, which has strict requirements for the battery, as their energy storage is often needed for extensive stays in space, for using in communication, navigation, and earth observation, etc. For launch vehicle, which is a system used for carrying payloads to space, the battery system used must be of high power density whereby high power is required for a short time, especially during lift-off and subsequent climb.
  • Rovers which are to be used on Planetary exploration require batteries that are sturdy and resistant and can provide the necessary power for the rovers as well as other instruments consistently. Orbital vehicles, crewed and uncrewed, and space stations need protect fused battery systems which are germane to powering safety and operational systems, measurement and control apparatus, and propulsion for long periods of time. The ‘others’ category includes other new and significant types of vehicles and types of equipment, for example, spaceships for tourism and commercial space habitats, which also require the maximum capacity of batteries and their further development. Some of the current market drivers that affect the space batteries include the frequency of satellite launches, deep space missions, and development of the battery systems, and the call for more efficient and reliable energy sources for the increasing range of space exploration and utilization activities.

Space Battery Market Regional Insights:

Asia Pacific is Expected to Dominate the Market Over the Forecast period

  • According to the given research, the Asia Pacific region will control a major share of the space battery market up to the prediction period due to the following factors. These statistics can be contributed to the advancement of space technology, increased investment from satellite launches, and an increasing number of governmental as well as private sector entities in Asian countries like China, India, and Japan. India and China are currently most active, China with their many space exploration missions and satellite project launches and ISRO with their efficient low cost space missions. Besides, higher communication satellites, earth observation satellites, and scientific exploration missions are some others boosting the space battery market in the region.
  • Accomplishments of technological developments and strategic investment by regional actors augmenting the effectiveness of space batteries. Another factor that plays in the Asia Pacific region’s dominance is the existence of a solid manufacturing sector that also has constant access to superior materials and technologies. Thus, the region shall continue holding the reign in the global space battery market throughout the forecast period owing to these advantages.

Active Key Players in the Space Battery Market

  • EaglePicher Technologies - USA
  • GS Yuasa Corporation - Japan
  • Saft Groupe S.A. - France
  • Aerojet Rocketdyne - USA
  • Panasonic Corporation - Japan
  • Lithium Werks - Netherlands
  • Tadiran Batteries GmbH - Germany
  • Ultralife Corporation - USA
  • EnerSys - USA
  • Accutronics Ltd - UK
  • Others Key Player

Key Industry Developments in the Space Battery Market

  • In November 2021, Redwire Corporation has announced that it has acquired Techshot, Inc., a leader in biotechnology in microgravity, bioprinting, and on-orbit manufacturing needed for commercial space-based research and development. This acquisition is in-line with Redwire's growth strategy of leveraging strategic investments to scale in-space manufacturing in low-Earth orbit (LEO), which will directly impact the long-term viability of human spaceflight and deliver optimized products for Earth-based industries. Techshot is a value-adding acquisition that will add to Redwire's disruptive innovation by providing a complementary suite of products.

Space Battery Market Scope:

Global Space Battery Market

Base Year:

2023

Forecast Period:

2024-2032

Historical Data:

2017 to 2023

Market Size in 2024:

USD 392.26 Bn.

Forecast Period 2024-32 CAGR:

5.70%

Market Size in 2032:

USD 646.03 Bn.

Segments Covered:

By Battery Type

  • Lithium-ion Batteries
  • Nickel-Cadmium Batteries
  • Nickel-Hydrogen Batteries
  • Silver-Zinc Batteries
  • Others

By Platform Type

  • Satellites
  • Launch Vehicles
  • Rovers
  • Spacecraft
  • Others

By Component Type

  • Cell
  • Battery Management System (BMS)
  • Battery Packs
  • Others

By Application

  • Commercial
  • Military
  • Scientific Research

By Region

  • North America (U.S., Canada, Mexico)
  • Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
  • Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
  • Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New-Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
  • South America (Brazil, Argentina, Rest of SA)

Key Market Drivers:

  • Technological Advancements in Battery Technology

Key Market Restraints:

  • High Production Costs

Key Opportunities:

  • Expansion of Satellite and Space Exploration Programs

Companies Covered in the report:

  • EaglePicher Technologies – USA, GS Yuasa Corporation – Japan, Saft Groupe S.A. – France, Aerojet Rocketdyne – USA, Panasonic Corporation – Japan, Lithium Werks – Netherlands,and Other Major Players.

Chapter 1: Introduction
 1.1 Scope and Coverage

Chapter 2:Executive Summary

Chapter 3: Market Landscape
 3.1 Market Dynamics
  3.1.1 Drivers
  3.1.2 Restraints
  3.1.3 Opportunities
  3.1.4 Challenges
 3.2 Market Trend Analysis
 3.3 PESTLE Analysis
 3.4 Porter's Five Forces Analysis
 3.5 Industry Value Chain Analysis
 3.6 Ecosystem
 3.7 Regulatory Landscape
 3.8 Price Trend Analysis
 3.9 Patent Analysis
 3.10 Technology Evolution
 3.11 Investment Pockets
 3.12 Import-Export Analysis

Chapter 4: Space Battery Market by Battery Type
 4.1 Space Battery Market Snapshot and Growth Engine
 4.2 Space Battery Market Overview
 4.3 Lithium-ion Batteries
  4.3.1 Introduction and Market Overview
  4.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.3.3 Key Market Trends, Growth Factors and Opportunities
  4.3.4 Lithium-ion Batteries: Geographic Segmentation Analysis
 4.4 Nickel-Cadmium Batteries
  4.4.1 Introduction and Market Overview
  4.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.4.3 Key Market Trends, Growth Factors and Opportunities
  4.4.4 Nickel-Cadmium Batteries: Geographic Segmentation Analysis
 4.5 Nickel-Hydrogen Batteries
  4.5.1 Introduction and Market Overview
  4.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.5.3 Key Market Trends, Growth Factors and Opportunities
  4.5.4 Nickel-Hydrogen Batteries: Geographic Segmentation Analysis
 4.6 Silver-Zinc Batteries
  4.6.1 Introduction and Market Overview
  4.6.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.6.3 Key Market Trends, Growth Factors and Opportunities
  4.6.4 Silver-Zinc Batteries: Geographic Segmentation Analysis
 4.7 Others
  4.7.1 Introduction and Market Overview
  4.7.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.7.3 Key Market Trends, Growth Factors and Opportunities
  4.7.4 Others: Geographic Segmentation Analysis

Chapter 5: Space Battery Market by Platform Type
 5.1 Space Battery Market Snapshot and Growth Engine
 5.2 Space Battery Market Overview
 5.3 Satellites
  5.3.1 Introduction and Market Overview
  5.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.3.3 Key Market Trends, Growth Factors and Opportunities
  5.3.4 Satellites: Geographic Segmentation Analysis
 5.4 Launch Vehicles
  5.4.1 Introduction and Market Overview
  5.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.4.3 Key Market Trends, Growth Factors and Opportunities
  5.4.4 Launch Vehicles: Geographic Segmentation Analysis
 5.5 Rovers
  5.5.1 Introduction and Market Overview
  5.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.5.3 Key Market Trends, Growth Factors and Opportunities
  5.5.4 Rovers: Geographic Segmentation Analysis
 5.6 Spacecraft
  5.6.1 Introduction and Market Overview
  5.6.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.6.3 Key Market Trends, Growth Factors and Opportunities
  5.6.4 Spacecraft: Geographic Segmentation Analysis
 5.7 Others
  5.7.1 Introduction and Market Overview
  5.7.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.7.3 Key Market Trends, Growth Factors and Opportunities
  5.7.4 Others: Geographic Segmentation Analysis

Chapter 6: Space Battery Market by Component Type
 6.1 Space Battery Market Snapshot and Growth Engine
 6.2 Space Battery Market Overview
 6.3 Cell
  6.3.1 Introduction and Market Overview
  6.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  6.3.3 Key Market Trends, Growth Factors and Opportunities
  6.3.4 Cell: Geographic Segmentation Analysis
 6.4 Battery Management System (BMS)
  6.4.1 Introduction and Market Overview
  6.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  6.4.3 Key Market Trends, Growth Factors and Opportunities
  6.4.4 Battery Management System (BMS): Geographic Segmentation Analysis
 6.5 Battery Packs
  6.5.1 Introduction and Market Overview
  6.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  6.5.3 Key Market Trends, Growth Factors and Opportunities
  6.5.4 Battery Packs: Geographic Segmentation Analysis
 6.6 Others
  6.6.1 Introduction and Market Overview
  6.6.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  6.6.3 Key Market Trends, Growth Factors and Opportunities
  6.6.4 Others: Geographic Segmentation Analysis

Chapter 7: Space Battery Market by Application
 7.1 Space Battery Market Snapshot and Growth Engine
 7.2 Space Battery Market Overview
 7.3 Commercial
  7.3.1 Introduction and Market Overview
  7.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  7.3.3 Key Market Trends, Growth Factors and Opportunities
  7.3.4 Commercial: Geographic Segmentation Analysis
 7.4 Military
  7.4.1 Introduction and Market Overview
  7.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  7.4.3 Key Market Trends, Growth Factors and Opportunities
  7.4.4 Military: Geographic Segmentation Analysis
 7.5 Scientific Research
  7.5.1 Introduction and Market Overview
  7.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  7.5.3 Key Market Trends, Growth Factors and Opportunities
  7.5.4 Scientific Research: Geographic Segmentation Analysis

Chapter 8: Company Profiles and Competitive Analysis
 8.1 Competitive Landscape
  8.1.1 Competitive Benchmarking
  8.1.2 Space Battery Market Share by Manufacturer (2023)
  8.1.3 Industry BCG Matrix
  8.1.4 Heat Map Analysis
  8.1.5 Mergers and Acquisitions
  
 8.2 EAGLEPICHER TECHNOLOGIES
  8.2.1 Company Overview
  8.2.2 Key Executives
  8.2.3 Company Snapshot
  8.2.4 Role of the Company in the Market
  8.2.5 Sustainability and Social Responsibility
  8.2.6 Operating Business Segments
  8.2.7 Product Portfolio
  8.2.8 Business Performance
  8.2.9 Key Strategic Moves and Recent Developments
  8.2.10 SWOT Analysis
 8.3 GS YUASA CORPORATION
 8.4 SAFT GROUPE S.A
 8.5 AEROJET ROCKETDYNE
 8.6 PANASONIC CORPORATION
 8.7 LITHIUM WERKS
 8.8 TADIRAN BATTERIES GMBH
 8.9 ULTRALIFE CORPORATION
 8.10 ENERSYS
 8.11 ACCUTRONICS LTD
 8.12 OTHERS KEY PLAYER

Chapter 9: Global Space Battery Market By Region
 9.1 Overview
9.2. North America Space Battery Market
  9.2.1 Key Market Trends, Growth Factors and Opportunities
  9.2.2 Top Key Companies
  9.2.3 Historic and Forecasted Market Size by Segments
  9.2.4 Historic and Forecasted Market Size By Battery Type
   9.2.4.1 Lithium-ion Batteries
   9.2.4.2 Nickel-Cadmium Batteries
   9.2.4.3 Nickel-Hydrogen Batteries
   9.2.4.4 Silver-Zinc Batteries
   9.2.4.5 Others
  9.2.5 Historic and Forecasted Market Size By Platform Type
   9.2.5.1 Satellites
   9.2.5.2 Launch Vehicles
   9.2.5.3 Rovers
   9.2.5.4 Spacecraft
   9.2.5.5 Others
  9.2.6 Historic and Forecasted Market Size By Component Type
   9.2.6.1 Cell
   9.2.6.2 Battery Management System (BMS)
   9.2.6.3 Battery Packs
   9.2.6.4 Others
  9.2.7 Historic and Forecasted Market Size By Application
   9.2.7.1 Commercial
   9.2.7.2 Military
   9.2.7.3 Scientific Research
  9.2.8 Historic and Forecast Market Size by Country
   9.2.8.1 US
   9.2.8.2 Canada
   9.2.8.3 Mexico
9.3. Eastern Europe Space Battery Market
  9.3.1 Key Market Trends, Growth Factors and Opportunities
  9.3.2 Top Key Companies
  9.3.3 Historic and Forecasted Market Size by Segments
  9.3.4 Historic and Forecasted Market Size By Battery Type
   9.3.4.1 Lithium-ion Batteries
   9.3.4.2 Nickel-Cadmium Batteries
   9.3.4.3 Nickel-Hydrogen Batteries
   9.3.4.4 Silver-Zinc Batteries
   9.3.4.5 Others
  9.3.5 Historic and Forecasted Market Size By Platform Type
   9.3.5.1 Satellites
   9.3.5.2 Launch Vehicles
   9.3.5.3 Rovers
   9.3.5.4 Spacecraft
   9.3.5.5 Others
  9.3.6 Historic and Forecasted Market Size By Component Type
   9.3.6.1 Cell
   9.3.6.2 Battery Management System (BMS)
   9.3.6.3 Battery Packs
   9.3.6.4 Others
  9.3.7 Historic and Forecasted Market Size By Application
   9.3.7.1 Commercial
   9.3.7.2 Military
   9.3.7.3 Scientific Research
  9.3.8 Historic and Forecast Market Size by Country
   9.3.8.1 Bulgaria
   9.3.8.2 The Czech Republic
   9.3.8.3 Hungary
   9.3.8.4 Poland
   9.3.8.5 Romania
   9.3.8.6 Rest of Eastern Europe
9.4. Western Europe Space Battery Market
  9.4.1 Key Market Trends, Growth Factors and Opportunities
  9.4.2 Top Key Companies
  9.4.3 Historic and Forecasted Market Size by Segments
  9.4.4 Historic and Forecasted Market Size By Battery Type
   9.4.4.1 Lithium-ion Batteries
   9.4.4.2 Nickel-Cadmium Batteries
   9.4.4.3 Nickel-Hydrogen Batteries
   9.4.4.4 Silver-Zinc Batteries
   9.4.4.5 Others
  9.4.5 Historic and Forecasted Market Size By Platform Type
   9.4.5.1 Satellites
   9.4.5.2 Launch Vehicles
   9.4.5.3 Rovers
   9.4.5.4 Spacecraft
   9.4.5.5 Others
  9.4.6 Historic and Forecasted Market Size By Component Type
   9.4.6.1 Cell
   9.4.6.2 Battery Management System (BMS)
   9.4.6.3 Battery Packs
   9.4.6.4 Others
  9.4.7 Historic and Forecasted Market Size By Application
   9.4.7.1 Commercial
   9.4.7.2 Military
   9.4.7.3 Scientific Research
  9.4.8 Historic and Forecast Market Size by Country
   9.4.8.1 Germany
   9.4.8.2 UK
   9.4.8.3 France
   9.4.8.4 Netherlands
   9.4.8.5 Italy
   9.4.8.6 Russia
   9.4.8.7 Spain
   9.4.8.8 Rest of Western Europe
9.5. Asia Pacific Space Battery Market
  9.5.1 Key Market Trends, Growth Factors and Opportunities
  9.5.2 Top Key Companies
  9.5.3 Historic and Forecasted Market Size by Segments
  9.5.4 Historic and Forecasted Market Size By Battery Type
   9.5.4.1 Lithium-ion Batteries
   9.5.4.2 Nickel-Cadmium Batteries
   9.5.4.3 Nickel-Hydrogen Batteries
   9.5.4.4 Silver-Zinc Batteries
   9.5.4.5 Others
  9.5.5 Historic and Forecasted Market Size By Platform Type
   9.5.5.1 Satellites
   9.5.5.2 Launch Vehicles
   9.5.5.3 Rovers
   9.5.5.4 Spacecraft
   9.5.5.5 Others
  9.5.6 Historic and Forecasted Market Size By Component Type
   9.5.6.1 Cell
   9.5.6.2 Battery Management System (BMS)
   9.5.6.3 Battery Packs
   9.5.6.4 Others
  9.5.7 Historic and Forecasted Market Size By Application
   9.5.7.1 Commercial
   9.5.7.2 Military
   9.5.7.3 Scientific Research
  9.5.8 Historic and Forecast Market Size by Country
   9.5.8.1 China
   9.5.8.2 India
   9.5.8.3 Japan
   9.5.8.4 South Korea
   9.5.8.5 Malaysia
   9.5.8.6 Thailand
   9.5.8.7 Vietnam
   9.5.8.8 The Philippines
   9.5.8.9 Australia
   9.5.8.10 New Zealand
   9.5.8.11 Rest of APAC
9.6. Middle East & Africa Space Battery Market
  9.6.1 Key Market Trends, Growth Factors and Opportunities
  9.6.2 Top Key Companies
  9.6.3 Historic and Forecasted Market Size by Segments
  9.6.4 Historic and Forecasted Market Size By Battery Type
   9.6.4.1 Lithium-ion Batteries
   9.6.4.2 Nickel-Cadmium Batteries
   9.6.4.3 Nickel-Hydrogen Batteries
   9.6.4.4 Silver-Zinc Batteries
   9.6.4.5 Others
  9.6.5 Historic and Forecasted Market Size By Platform Type
   9.6.5.1 Satellites
   9.6.5.2 Launch Vehicles
   9.6.5.3 Rovers
   9.6.5.4 Spacecraft
   9.6.5.5 Others
  9.6.6 Historic and Forecasted Market Size By Component Type
   9.6.6.1 Cell
   9.6.6.2 Battery Management System (BMS)
   9.6.6.3 Battery Packs
   9.6.6.4 Others
  9.6.7 Historic and Forecasted Market Size By Application
   9.6.7.1 Commercial
   9.6.7.2 Military
   9.6.7.3 Scientific Research
  9.6.8 Historic and Forecast Market Size by Country
   9.6.8.1 Turkey
   9.6.8.2 Bahrain
   9.6.8.3 Kuwait
   9.6.8.4 Saudi Arabia
   9.6.8.5 Qatar
   9.6.8.6 UAE
   9.6.8.7 Israel
   9.6.8.8 South Africa
9.7. South America Space Battery Market
  9.7.1 Key Market Trends, Growth Factors and Opportunities
  9.7.2 Top Key Companies
  9.7.3 Historic and Forecasted Market Size by Segments
  9.7.4 Historic and Forecasted Market Size By Battery Type
   9.7.4.1 Lithium-ion Batteries
   9.7.4.2 Nickel-Cadmium Batteries
   9.7.4.3 Nickel-Hydrogen Batteries
   9.7.4.4 Silver-Zinc Batteries
   9.7.4.5 Others
  9.7.5 Historic and Forecasted Market Size By Platform Type
   9.7.5.1 Satellites
   9.7.5.2 Launch Vehicles
   9.7.5.3 Rovers
   9.7.5.4 Spacecraft
   9.7.5.5 Others
  9.7.6 Historic and Forecasted Market Size By Component Type
   9.7.6.1 Cell
   9.7.6.2 Battery Management System (BMS)
   9.7.6.3 Battery Packs
   9.7.6.4 Others
  9.7.7 Historic and Forecasted Market Size By Application
   9.7.7.1 Commercial
   9.7.7.2 Military
   9.7.7.3 Scientific Research
  9.7.8 Historic and Forecast Market Size by Country
   9.7.8.1 Brazil
   9.7.8.2 Argentina
   9.7.8.3 Rest of SA

Chapter 10 Analyst Viewpoint and Conclusion
10.1 Recommendations and Concluding Analysis
10.2 Potential Market Strategies

Chapter 11 Research Methodology
11.1 Research Process
11.2 Primary Research
11.3 Secondary Research
 

Space Battery Market Scope:

Global Space Battery Market

Base Year:

2023

Forecast Period:

2024-2032

Historical Data:

2017 to 2023

Market Size in 2024:

USD 392.26 Bn.

Forecast Period 2024-32 CAGR:

5.70%

Market Size in 2032:

USD 646.03 Bn.

Segments Covered:

By Battery Type

  • Lithium-ion Batteries
  • Nickel-Cadmium Batteries
  • Nickel-Hydrogen Batteries
  • Silver-Zinc Batteries
  • Others

By Platform Type

  • Satellites
  • Launch Vehicles
  • Rovers
  • Spacecraft
  • Others

By Component Type

  • Cell
  • Battery Management System (BMS)
  • Battery Packs
  • Others

By Application

  • Commercial
  • Military
  • Scientific Research

By Region

  • North America (U.S., Canada, Mexico)
  • Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
  • Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
  • Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New-Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
  • South America (Brazil, Argentina, Rest of SA)

Key Market Drivers:

  • Technological Advancements in Battery Technology

Key Market Restraints:

  • High Production Costs

Key Opportunities:

  • Expansion of Satellite and Space Exploration Programs

Companies Covered in the report:

  • EaglePicher Technologies – USA, GS Yuasa Corporation – Japan, Saft Groupe S.A. – France, Aerojet Rocketdyne – USA, Panasonic Corporation – Japan, Lithium Werks – Netherlands,and Other Major Players.
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Frequently Asked Questions :

What would be the forecast period in the Space Battery Market research report?

The forecast period in the Space Battery Market research report is 2024-2032.

Who are the key players in the Space Battery Market?

EaglePicher Technologies – USA, GS Yuasa Corporation – Japan, Saft Groupe S.A. – France, Aerojet Rocketdyne – USA, Panasonic Corporation – Japan, Lithium Werks – Netherlands,and Other Major Players.

What are the segments of the Space Battery Market?

The Space Battery Market is segmented into Battery Type,  Platform Type,Component Type , Application and Region. By Battery Type, the market is categorized into Lithium-ion Batteries, Nickel-Cadmium Batteries, Nickel-Hydrogen Batteries,Silver-Zinc Batteries,Others. By Platform Type , the market is categorized into Satellites, Launch Vehicles, Rovers, Spacecraft, Others. By Component Type, the market is categorized into Cell, Battery Management System (BMS), Battery Packs, Others. By Application, the market is categorized into Commercial, Military, Scientific Research. By region, it is analyzed across North America (U.S.; Canada; Mexico), Europe (Germany; U.K.; France; Italy; Russia; Spain, etc.), Asia-Pacific (China; India; Japan; Southeast Asia, etc.), South America (Brazil; Argentina, etc.), Middle East & Africa (Saudi Arabia; South Africa, etc.).

What is the Space Battery Market?

Space battery is a battery specially developed to work under conditions that are characteristic of space environment. These batteries are endowed for use in satellites, space probes, rovers, and any other paraphernalia required in space exploration; they offer steady energy for long-term operations. Space batteries must withstand very low or high temperatures, radiation, vacuum, and absence of maintenance. These normally require high energy density, long service life and good safety characteristics. There are many types, like lithium-ion, nickel-hydroden, and some of the latest ones as the solid-state batteries, all selected due to their characteristics that nowadays are able to meet the requirements of space programs.

How big is the Space Battery Market?

Space Battery Market Size Was Valued at USD 392.26 Billion in 2023, and is Projected to Reach USD 646.03 Billion by 2032, Growing at a CAGR of 5.70% From 2024-2032.