| Product Code: ETC5864880 | Publication Date: Nov 2023 | Updated Date: Feb 2026 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
The Armenia space power electronics market witnessed a significant increase in imports from 2020 to 2024, with a compound annual growth rate (CAGR) of 148.45%. However, there was a slight decline in the year-on-year growth rate in 20232024, which stood at -14.19%. Despite this decrease, the overall trend showed a substantial rise in imports during this period.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Armenia Space Power Electronics Market Overview |
3.1 Armenia Country Macro Economic Indicators |
3.2 Armenia Space Power Electronics Market Revenues & Volume, 2022 & 2032F |
3.3 Armenia Space Power Electronics Market - Industry Life Cycle |
3.4 Armenia Space Power Electronics Market - Porter's Five Forces |
3.5 Armenia Space Power Electronics Market Revenues & Volume Share, By Device Type, 2022 & 2032F |
3.6 Armenia Space Power Electronics Market Revenues & Volume Share, By Application, 2022 & 2032F |
3.7 Armenia Space Power Electronics Market Revenues & Volume Share, By Platform type, 2022 & 2032F |
3.8 Armenia Space Power Electronics Market Revenues & Volume Share, By Voltage, 2022 & 2032F |
3.9 Armenia Space Power Electronics Market Revenues & Volume Share, By Current, 2022 & 2032F |
4 Armenia Space Power Electronics Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for satellite communication and Earth observation applications |
4.2.2 Government initiatives to boost the space industry in Armenia |
4.2.3 Technological advancements in power electronics for space applications |
4.3 Market Restraints |
4.3.1 High initial investment and operational costs |
4.3.2 Limited availability of skilled workforce in the space power electronics sector |
5 Armenia Space Power Electronics Market Trends |
6 Armenia Space Power Electronics Market Segmentations |
6.1 Armenia Space Power Electronics Market, By Device Type |
6.1.1 Overview and Analysis |
6.1.2 Armenia Space Power Electronics Market Revenues & Volume, By Power Discrete, 2022-2032F |
6.1.3 Armenia Space Power Electronics Market Revenues & Volume, By Power Module, 2022-2032F |
6.1.4 Armenia Space Power Electronics Market Revenues & Volume, By Power IC, 2022-2032F |
6.2 Armenia Space Power Electronics Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Armenia Space Power Electronics Market Revenues & Volume, By Satellites, 2022-2032F |
6.2.3 Armenia Space Power Electronics Market Revenues & Volume, By Spacecraft & Launch Vehicles, 2022-2032F |
6.2.4 Armenia Space Power Electronics Market Revenues & Volume, By Space Stations, 2022-2032F |
6.2.5 Armenia Space Power Electronics Market Revenues & Volume, By Rovers, 2022-2032F |
6.3 Armenia Space Power Electronics Market, By Platform type |
6.3.1 Overview and Analysis |
6.3.2 Armenia Space Power Electronics Market Revenues & Volume, By Power, 2022-2032F |
6.3.3 Armenia Space Power Electronics Market Revenues & Volume, By Command and data handling, 2022-2032F |
6.3.4 Armenia Space Power Electronics Market Revenues & Volume, By ADCS, 2022-2032F |
6.3.5 Armenia Space Power Electronics Market Revenues & Volume, By Propulsion, 2022-2032F |
6.3.6 Armenia Space Power Electronics Market Revenues & Volume, By TT&C, 2022-2032F |
6.3.7 Armenia Space Power Electronics Market Revenues & Volume, By Structure, 2022-2032F |
6.4 Armenia Space Power Electronics Market, By Voltage |
6.4.1 Overview and Analysis |
6.4.2 Armenia Space Power Electronics Market Revenues & Volume, By Low Voltage, 2022-2032F |
6.4.3 Armenia Space Power Electronics Market Revenues & Volume, By Medium Voltage, 2022-2032F |
6.4.4 Armenia Space Power Electronics Market Revenues & Volume, By High Voltage, 2022-2032F |
6.5 Armenia Space Power Electronics Market, By Current |
6.5.1 Overview and Analysis |
6.5.2 Armenia Space Power Electronics Market Revenues & Volume, By Upto 25A, 2022-2032F |
6.5.3 Armenia Space Power Electronics Market Revenues & Volume, By 25-50A, 2022-2032F |
6.5.4 Armenia Space Power Electronics Market Revenues & Volume, By Over 50A, 2022-2032F |
7 Armenia Space Power Electronics Market Import-Export Trade Statistics |
7.1 Armenia Space Power Electronics Market Export to Major Countries |
7.2 Armenia Space Power Electronics Market Imports from Major Countries |
8 Armenia Space Power Electronics Market Key Performance Indicators |
8.1 Percentage of government funding allocated to the space industry |
8.2 Number of satellite launches utilizing Armenian space power electronics |
8.3 Research and development expenditure in space power electronics |
9 Armenia Space Power Electronics Market - Opportunity Assessment |
9.1 Armenia Space Power Electronics Market Opportunity Assessment, By Device Type, 2022 & 2032F |
9.2 Armenia Space Power Electronics Market Opportunity Assessment, By Application, 2022 & 2032F |
9.3 Armenia Space Power Electronics Market Opportunity Assessment, By Platform type, 2022 & 2032F |
9.4 Armenia Space Power Electronics Market Opportunity Assessment, By Voltage, 2022 & 2032F |
9.5 Armenia Space Power Electronics Market Opportunity Assessment, By Current, 2022 & 2032F |
10 Armenia Space Power Electronics Market - Competitive Landscape |
10.1 Armenia Space Power Electronics Market Revenue Share, By Companies, 2025 |
10.2 Armenia Space Power Electronics Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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