Space DC-DC Converter Market: Future Forecast Assessed on the Basis of How the Key Players Decided to InvestPosted by Amrut Mahajani on February 13th, 2023  The space industry has been growing exponentially in recent years, with increased demand for satellite constellations and exoplanet exploration. This growth has had a positive impact on the Space DC-DC Converter Market, which is projected to grow from USD 37 million in 2022 to USD 66 million by 2027 at a CAGR of 12.4%. The report on the space DC-DC converter system market provides a detailed trend analysis from 2017 to 2026. It discusses industry and technology trends currently prevailing in the market, along with drivers, restraints, challenges, and opportunities that influence the growth of the market. Get More Information Request Sample Copy (Get Higher Priority for Corporate email ID): https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=159918662 Based on vertical, the rising power sector is expected to be a major driver for the space DC-DC converter market in the forecasted year. With a significant rise in the demand for energy throughout major and growing countries, alternate power and energy projects are rising to supply energy according to the increasing demand. Industries around the world are finding a safer and more reliable source of energy, leading to a rapid rise in the space DC-DC converter market. In terms of form factor, enclosed DC-DC converters are projected to grow at the highest CAGR rate during the forecast period. Enclosed converters are designed to operate at higher temperatures, can provide up to the 10:1 input range, and are used in attitude and orbit control subsystems (AOCS). Based on input voltage, the >12v segment is projected to grow at the highest CAGR rate for the DC-DC converter market during the forecast period, while the 5v output voltage segment is projected to grow at the highest CAGR rate for the space DC-DC converter market. The 10-29 W output power segment is also projected to grow at the highest CAGR rate for the space DC-DC converter market during the forecast period. Isolated DC-DC converters are projected to grow at the highest CAGR rate for the space DC-DC converter market during the forecast period. They provide isolation between the input and output sections of the device and are designed for high-power rugged scenarios where isolation between the supply line and subsystem is preferred to prevent any damage. Asia Pacific and North America are the largest markets for space DC-DC converters during the forecast period. The rapid growth of technologically advanced power converters in Asia Pacific is expected to drive the market, while the increase in space programs and launch of new satellites in North America is driving the demand for more efficient space DC-DC power products in the market. In conclusion, the space DC-DC converter market is expected to grow significantly in the coming years, driven by increasing demand for energy, rising space applications, and the need for safer and more reliable forms of energy. The industry is projected to see growth in various segments, such as form factor, input and output voltage, output power, and product type. The market's growth is expected to be highest in Asia Pacific and North America, where advanced technology and increased space programs are driving the demand for efficient and reliable space DC-DC power products. Our Other Publications: Space Situational Awareness Market by Solution (Services, Payload Systems, and Software), Orbital Range (Near-Earth and Deep Space), End Use (Commercial, and Government & Military), Object, Capability, and Region (2021-2026) Aircraft Engine Market by Type (Turboprop, Turbofan, Turboshaft, Piston Engine), Platform (Fixed wing, Rotary Wing, UAV), Component(Compressor, Turbine, Gear Box, Exhaust Nozzle, Fuel System), Technology, and Region 2026 Battlefield Management Systems Market by Solution (Hardware, Software) Platform (Armored Vehicles, Headquarter, and Command Centers, Soldier Systems), System, Component, Installation Type, End-User, Region (2020-2025) Artificial Intelligence in Military Market by Offering (Software, Hardware, Services), Technology (Machine Learning, Computer vision), Application, Installation Type, Platform, Region (2020-2025) Contact: Like it? Share it! More by this author |