Space DC-DC Converter Market Size - By Type, By Output Power, By Form Factor, By Platform, By Application and Forecast, 2025 - 2034

Space DC-DC Converter Market Size

The global space DC-DC converter market was valued at USD 45.8 billion in 2024 and is estimated to grow at a CAGR of 12.6% from 2025 to 2034.
 

The demand for efficient power management in space continues to grow due to the increasing complexity and frequency of space missions, particularly with the expansion of small satellite deployments and interplanetary exploration. The advancement of satellites and spacecraft requires reliable power systems for energy distribution, storage, and conversion. Efficient power management optimizes space system operations, extends mission duration, and reduces operational costs. DC-DC converters are essential components in managing power from renewable sources like space-based solar systems, ensuring stable operation of spacecraft and satellite subsystems in extreme conditions.
 

The trend toward satellite miniaturization and the integration of complex systems into smaller spacecraft, particularly in small sats and CubeSats, demands compact and lightweight components, including DC-DC converters. These components must maintain high performance despite size and weight limitations. The demand for space DC-DC converters is rising as satellites require power management across multiple subsystems, including communication modules, sensors, and propulsion systems.
 

For instance, in May 2024, Microchip Technology released its LE50-28 series of Radiation-Tolerant (RT) isolated DC-DC 50W power converters for Low-Earth Orbit (LEO) applications. Power converters serve various applications including 5G communication, cube satellites, and IoT systems. The series offers nine variants with single- and triple-output configurations from 3.3V to 28V, supporting satellite miniaturization and efficient power systems in small satellites.
 

Space DC-DC Converter Market Trends

The space DC-DC converter industry is seeing trends driven by the push for advanced satellite technology and space exploration. One major trend is the increased adoption of smaller, more efficient converters that cater to the needs of small and micro satellites, reflecting the shift towards more compact and cost-effective spacecraft designs. With the growing number of satellite constellations for communication, Earth observation, and IoT applications, power solutions are becoming more integral to support higher operational demands. VPT Inc., a HEICO company, introduced the VSC series of commercial off-the-shelf (COTS) DC-DC converters for small orbiting satellites. The converters feature total ionizing dose (TID) performance characteristics, including low dose rate (LDR) and single event effects, aligned with VPT's Radiation Hardness Assurance (RHA) plan to ensure reliable operation in space environments. Additionally, there is a strong emphasis on developing radiation-tolerant components due to the harsh conditions of space, ensuring reliability and performance in environments with high levels of radiation exposure.
 

Another trend is the integration of digital control and monitoring features in DC-DC converters to provide real-time power management and increased system efficiency. This is critical as space missions require precise energy allocation to maintain the functionality of onboard systems. As satellite networks become more interconnected and advanced, power conversion technology must keep pace by delivering higher efficiencies while minimizing weight and space.
 

Companies are focusing on innovation that enables scalable, modular power solutions to support flexible and evolving mission requirements. For instance, Crane Aerospace & Electronics in Lynnwood, Wash., has introduced the Interpoint xMOR 120-Watt DC-DC converters for military, aviation, and space power electronics. These converters use a shared core architecture and include four versions: cMOR (COTS for aerospace and defense), hMOR (Class H high-reliability for mission-critical defense), sMOR (Class K for deep space), and rMOR (space-grade).
 

Space DC-DC Converter Market Analysis

The high-reliability DC-DC converter market faces technical challenges in developing products that meet military and space standards, which affects innovation rates. The market presents opportunities through increased demand for advanced power electronics across military, aviation, and space applications. Military standards and space-grade certifications influence the design and production processes, ensuring operational reliability and safety. While meeting these regulatory requirements is complex, it remains essential for establishing credibility and securing contracts in these specialized markets.
 

Based on type, the market is segmented into non-isolated, isolated. In 2024, the non-isolated segment accounted for the largest market share with 64.6% share.
 

Non-isolated DC-DC converters are widely used in applications where high efficiency and compact size are critical. These converters, which include buck, boost, and buck-boost types, operate without electrical isolation between input and output, making them ideal for applications requiring fast response times and high-power density. They are commonly found in consumer electronics, automotive systems, and industrial equipment due to their cost-effectiveness and simplicity in design, providing reliable power conversion with minimal size and weight.
 

The demand for non-isolated converters is growing as advancements in power management continue. Their use in electric vehicles, renewable energy systems, and power supplies for industrial automation is expanding due to their efficiency and ability to handle high power levels in smaller form factors. The integration of technologies like gallium nitride (GaN) has further enhanced the performance of non-isolated converters, improving their efficiency and power density. This segment's focus on minimizing energy losses and enhancing thermal management is driving innovation in designs that support modern, high-demand applications.
 

Based on platform, the space DC-DC converter market is divided into satellites, capsules/cargos, interplanetary spacecraft & probes, rovers/spacecraft landers, launch vehicles. In 2024, the interplanetary spacecraft & probes segment is the fastest-growing segment with a CAGR of 14.6% during the forecast period.
 

Interplanetary spacecraft and probes require advanced power systems that can withstand extreme conditions and provide reliable energy over long durations. High-reliability DC-DC converters are crucial for these applications, ensuring that power is efficiently converted and distributed across various onboard systems, such as scientific instruments, communication arrays, and propulsion mechanisms. These systems must operate in harsh environments with temperature variations, radiation, and limited maintenance opportunities, making robust and highly efficient power conversion essential for mission success.
 

The increasing complexity of interplanetary missions, such as Mars rovers and space probes exploring outer planets, has driven the demand for more powerful and compact power conversion solutions. The use of advanced materials like gallium nitride (GaN) has allowed for higher power densities and reduced size, which is vital for space-limited designs. Reliable, radiation-tolerant DC-DC converters play a significant role in maintaining operational stability and extending the mission lifespan. As space exploration advances, the need for innovative power solutions to manage energy distribution and enhance system efficiency will continue to grow.
 

North America space DC-DC converter market is expected to reach over USD 61.5 million by 2034. North America, led by the United States, holds a significant position in the high-reliability DC-DC converter market through its investments in defense, aerospace, and space industries. The region's research and development infrastructure supports continuous technological advancement. The region's manufacturing capabilities, combined with its skilled workforce and access to quality materials, enable the production of dependable power systems. The collaboration between government agencies, defense contractors, and private companies strengthens North America's market presence.
 

China has advanced its power electronics capabilities through government investments and technological innovation. The country continues to expand its military and space applications, supported by research and development initiatives. While geopolitical tensions affect international collaborations, the domestic market benefits from an established manufacturing base that enables high production capacity for advanced power systems.
 

Japan's power electronics industry demonstrates strength in precision engineering and quality standards. The country maintains an active presence in aerospace and defense markets through its technological expertise and research institutions. Japan's emphasis on reliability and efficiency meets military and space application requirements. The strict regulatory framework ensures product safety and performance standards, reinforcing Japan's position in high-reliability power electronics.
 

Germany's expertise in engineering and industrial design produces reliable power electronics for defense and aerospace applications. The country's advanced manufacturing and quality control processes support high-reliability DC-DC converter production. Germany maintains a collaborative research environment between industry and academia. The regulatory framework aligns with EU and NATO standards, ensuring products meet safety and performance requirements.
 

South Korea has established its power electronics presence through research and development initiatives. The country's technological innovation supports military and aerospace sector growth. South Korean companies invest in high-reliability systems for space and defense applications. The combination of competitive manufacturing capabilities and quality focus strengthens South Korea's global market position while meeting international regulatory standards.
 

Space DC-DC Converter Market Share

Texas Instruments Incorporated, Thales Group, and STMicroelectronics are significant manufacturers in the market. Texas Instruments produces semiconductor solutions for satellite systems, while Thales Group manufactures space infrastructure and communication technologies. STMicroelectronics develops microelectronics and integrated circuits for space applications. These companies manufacture technologies for satellite communications, Earth observation, and space missions.
 

Space DC-DC Converter Market Companies

Major players operating in the space DC-DC converter industry are:

• Advanced Energy Industries Inc.
• Airbus Group SE
• Astronics Corporation
• Crane Co.
• EPC Space
• Infineon Technologies AG
• Microsemi Corporation
• Modular Devices Inc.
• Renesas Electronics Corporation
• STMicroelectronics
• SynQor Inc.
• Texas Instruments Incorporated
• Thales Group
• Vicor Corporation
• VPT
   

Space DC-DC Converter Industry News

• Micross Components, Inc. acquired the high-reliability DC-DC converter business from Infineon Technologies AG. This division designs and manufactures hybrid and custom board-based DC-DC converters for the space, aerospace, and defense sectors. The acquired business produces power solutions for harsh environments, strengthening Micross's capabilities in high-reliability power systems for space and critical applications.
   
• In February 2024, VPT, Inc., a HEICO company, launched the VSC100-2800S DC-DC converter as part of its VSC Series for space commercial off-the-shelf (COTS) applications. The VSC Series, developed for commercial satellite applications and NASA Class D missions, complements the company's radiation-hardened hybrid SV/SVL Series. This product line provides balanced cost and performance specifications for radiation-tolerant satellite systems.
   

This space DC-DC converter market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD million) from 2021 to 2034, for the following segments:

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Market, By Type

• Non-isolated
• Isolated

Market, By Output Power

• <10W
• 10-29W
• 30-99W
• 100-250W
• 251-500W
• 501-1000W
• >1000W

Market, By Form Factor

• Chassis mount
• Enclosed
• Brick
• Discrete

Market, By Platform

• Satellites
  • Small Satellites (< 500 Kg)
  • Medium Satellites (501-1000 Kg)
  • Large Satellites (> 1000 Kg)
• Capsules/cargos
• Interplanetary spacecraft & probes
• Rovers/spacecraft landers
• Launch vehicles

Market, By Application

• Altitude & Orbital Control Systems
• Surface Mobility and Navigation Systems
• Command & Data Handling Systems
• Environmental Monitoring Systems
• Satellite Thermal Power Box
• Electric Power Subsystems
• Others

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Russia
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia 
• Latin America
  • Brazil
  • Mexico 
• MEA
  • UAE
  • Saudi Arabia
  • South Africa