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Space-Based Solar Power Market Share
Competition in the Space-Based Solar Power (SBSP) market continues to grow as major players like Northrop Grumman, JAXA (Japan Aerospace Exploration Agency), and Airbus work on new ways to send energy from space to Earth. These companies focus on improving satellite designs, developing better wireless power transmission methods, and making space systems smaller. They work to solve technical problems, get funding from governments and private investors, and show that SBSP can work in real-world conditions. Companies form partnerships and work across borders to gain an edge in this new market.
Space-Based Solar Power Market Companies
Major players operating in the space-based solar power industry are:
- Airbus
- Celestia Energy
- China Academy of Space Technology
- Emrod
- Japan Aerospace Exploration Agency
- Metasat
- Northrop Grumman
- Sirin Orbital Systems
- SpaceTech
- Thales Alenia Space
How big is the space-based solar power market?
The global market size for space-based solar power was valued at USD 3.1 billion in 2024 and is projected to reach USD 6.6 billion by 2034, driven by a CAGR of 7.9% during the forecast period, supported by advancements in space infrastructure and renewable energy goals.
What is the market share of microwave power transmission in the space-based solar power industry?
The microwave power transmission segment held over 70% of the market share in 2024 and is expected to grow significantly by 2034, driven by advancements in microwave power conversion technology and miniaturization of components.
How much is the North America space-based solar power market worth?
The North America market is expected to exceed USD 2.5 billion by 2034, driven by the United States' focus on renewable energy development and expanding space exploration capabilities.
Who are the major players in the space-based solar power industry?
Major players in the industry include Airbus, Celestia Energy, China Academy of Space Technology, Emrod, Japan Aerospace Exploration Agency, Metasat, Northrop Grumman, Sirin Orbital Systems, SpaceTech, and Thales Alenia Space.