Space Battery Market

Space Battery Market Research Report By
Forecast To 2025
Industry Survey, Growth, Competitive Landscape
and Forecasts to 2025
PREPARED BY
Market Research Future
(Part of Wantstats Research & Media Pvt. Ltd.)
Space Battery Market Forecast To 2025
Space Battery Market Highlights
The growth of the Global Space Battery Market can be attributed to a rise in the use of lightweight and high-power density
batteries for space applications and high demand for lithium-ion batteries for space applications.
Market players may avail of growth opportunities presented by the development of batteries with different chemical
compositions to offer improved power density, a preference for rechargeable quantum space batteries, and the increased
demand for solid-state batteries. However, stringent regulations and safety issues related to the use of lead-acid space
batteries and charging issues related to rechargeable batteries are the challenges for the growth of the market.
Key Players
The key players in the global space battery market are Eagle-Picher Technologies LLC (US), GS Yuasa Corporation (Japan),
EnerSys (US), Saft Groupe SA (France), Mitsubishi Electric Corporation (Japan), Arotech Corporation (US), and Bren-Tronics,
Inc. (US).
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Space Battery Market Forecast To 2025
The global market has been segmented on the basis of application, orbit type, material type, platform, energy type, and
region. Based on application, the global space battery market has been divided into satellite, launch vehicle, and others.
The satellite segment is expected to account for the largest share of the market and register the highest CAGR between
2019 and 2025. The rise in the number of communication satellites is expected to fuel the growth of the satellite segment
during the forecast period.
By orbit type, the global space battery market has been divided into low earth orbit (LEO), medium earth orbit (MEO), and
geostationary earth orbit (GEO). The low earth orbit (LEO) segment is expected to be the largest and fastest-growing
segment between 2019 and 2025. The rise in the number of small communication satellites operated in the LEO is expected
to fuel the growth of the segment during the forecast period.
In terms of material type, the market has been divided into nickel-based batteries, lithium-based battery, silver-zinc battery,
and others. The lithium-based battery segment dominated the market in 2018. It is anticipated to register the highest CAGR
during the forecast period due to the widening application scope for lithium-ion batteries in space; these batteries are costeffective, reliable, and small in size.
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Space Battery Market Forecast To 2025
On the basis of the platform, the market has been divided into communication, earth observation, military surveillance,
science, navigation, and others. The communication segment dominated the market in 2018. It is also projected to register
the highest CAGR during the forecast period due to a rise in the number of Internet users across the globe.
The energy type segments of the market are less than 100 Wh/kg, 100–150 Wh/kg, and more than 150 Wh/kg. The less
than 100 Wh/kg segment dominated the market in 2018 and is projected to be the fastest-growing during the review period
due to a rise in the demand for LEO and MEO satellites; less than 100Wh/kg batteries are largely used for these satellites.
By region, the global space battery market has been segmented into North America, Europe, Asia-Pacific, Latin America, and
the Middle East & Africa. North America was a key region for this market in 2018. The presence of major battery providers
such as Eagle-Picher Technologies LLC and Arotech Corporation is propelling the growth of the market in the region.
However, the market in Asia-Pacific is expected to register the highest CAGR during the forecast period due to the rising
demand for communication and LEO satellites.
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Space Battery Market Forecast To 2025
Space Battery Market Table Of Contents
1. Executive Summary
1.1. Market Attractiveness Analysis
1.1.1. Global Space Battery Market, By Application
1.1.2. Global Space Battery Market, By Orbit Type
1.1.3. Global Space Battery Market, By Material Type
1.1.4. Global Space Battery Market, By Platform
1.1.5. Global Space Battery Market, By Energy Type
1.1.6. Global Space Battery Market, By Region
2. Market Introduction
2.1. Market Definition
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Space Battery Market Forecast To 2025
2.2. Scope Of The Study
2.3. Market Structure
2.4. Key Buying Criteria
2.5. Market Factor Indicator Analysis
3. Research Methodology
3.1. Research Process
3.2. Primary Research
3.3. Secondary Research
3.4. Market Size Estimation
3.5. Forecast Model
3.6. List Of Assumptions
Continued........
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Space Battery Market Forecast To 2025
Space Battery Market List Of Tables
Table 1 Global Space Battery Market, By Region, 2017–2025
Table 2 North America: Space Battery Market, By Country, 2017–2025
Table 3 Europe: Space Battery Market, By Country, 2017–2025
Table 4 Asia-Pacific: Space Battery Market, By Country, 2017–2025
Table 5 Middle East & Africa: Space Battery Market, By Country, 2017–2025
Table 6 Latin America: Space Battery Market, By Country, 2017–2025
Table 7 Global Space Battery Market Size, By Region, 2017–2025
Table 8 North America: Space Battery Application Market Size, By Country, 2017–2025
Continued…….
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Space Battery Market Forecast To 2025
Space Battery Market List Of Figures
FIGURE 1 Research Process Of MRFR
FIGURE 2 Top-Down & Bottom-Up Approaches
FIGURE 3 Market Dynamics
FIGURE 4 Impact Analysis: Market Drivers
FIGURE 5 Impact Analysis: Market Restraints
FIGURE 6 Porter's Five Forces Analysis
FIGURE 7 Value Chain Analysis
FIGURE 8 Global Space Battery Market Share, By Application, 2018 (%)
Continued…….
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Global Space Battery Market Research Report: Information by Application (Satellite, Launch Vehicle and others), Orbit Type (Low Earth Orbit [LEO], Medium Earth Orbit [MEO] and Geostationary Earth Orbit [GEO]), Material Type (Nickel-Based Battery, Lithium-Based Battery, Silver-Zinc Battery and others), Platform (Communication, Earth Observation, Military Surveillance, Science, Navigation and others), Energy Type (Less than 100 Wh/kg, 100–150 Wh/kg and More than 150 Wh/kg) and Region (North America, Europe, Asia-Pacific, Middle East & Africa and Latin America) - Forecast till 2025