Product Code: ETC4563445 | Publication Date: Jul 2023 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
The India space power electronics market import shipments exhibited a robust growth trend with a CAGR of 15.6% from 2020 to 2024. However, the growth rate slightly moderated to 10.5% between 2023 and 2024. Overall, the market expanded steadily, showing strong momentum and consistent growth during the period.
The India space power electronics market has gained prominence with the country`s space agency, ISRO, launching a series of satellites for communication, Earth observation, and scientific missions. Power electronics play a vital role in satellite systems, helping regulate and distribute electrical power efficiently. Space-qualified power electronics components are designed to withstand the harsh radiation and thermal conditions of space. As India expands its presence in the global space community, the demand for advanced and reliable space power electronics has increased. The market features specialized suppliers offering radiation-hardened power electronics components for various satellite applications.
The India space power electronics market is growing due to the critical role played by power electronics in space applications. The development of compact, high-efficiency power electronics is essential for satellite systems, propulsion systems, and other space equipment. The increasing number of satellite launches and space missions in India has heightened the demand for advanced power electronics solutions. Additionally, the government`s investment in space technology and infrastructure development is boosting the market.
The India space power electronics market faces challenges in terms of efficiency, reliability, and miniaturization. Developing power electronics that can efficiently convert and manage electrical power while operating in space`s harsh conditions is essential. Minimizing the size and weight of these systems while maximizing reliability poses additional challenges.
The COVID-19 pandemic highlighted the significance of robust and efficient power electronics for space applications. As space missions continued, there was a growing emphasis on power electronics` reliability and performance to support critical systems and satellite operations. The market saw continued investments and innovation to meet these demands.
Space power electronics are critical for satellite systems. Companies like Bharat Electronics Limited (BEL) and Hindustan Aeronautics Limited (HAL) are prominent players in the India space power electronics market, offering reliable solutions for space applications.
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 India Space Power Electronics Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Space Power Electronics Market Revenues & Volume, 2021 & 2031F |
3.3 India Space Power Electronics Market - Industry Life Cycle |
3.4 India Space Power Electronics Market - Porter's Five Forces |
3.5 India Space Power Electronics Market Revenues & Volume Share, By Device Type, 2021 & 2031F |
3.6 India Space Power Electronics Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 India Space Power Electronics Market Revenues & Volume Share, By Platform type, 2021 & 2031F |
3.8 India Space Power Electronics Market Revenues & Volume Share, By Voltage, 2021 & 2031F |
3.9 India Space Power Electronics Market Revenues & Volume Share, By Current, 2021 & 2031F |
4 India Space Power Electronics Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing investments in space exploration and satellite technology by the Indian government and private sector |
4.2.2 Growing demand for small satellite launches and satellite-based services |
4.2.3 Technological advancements leading to the development of more efficient and reliable space power electronics |
4.3 Market Restraints |
4.3.1 High initial investment and operational costs associated with space power electronics systems |
4.3.2 Regulatory challenges and export control restrictions in the space industry |
4.3.3 Limited availability of skilled workforce and expertise in space power electronics technology |
5 India Space Power Electronics Market Trends |
6 India Space Power Electronics Market, By Types |
6.1 India Space Power Electronics Market, By Device Type |
6.1.1 Overview and Analysis |
6.1.2 India Space Power Electronics Market Revenues & Volume, By Device Type, 2021-2031F |
6.1.3 India Space Power Electronics Market Revenues & Volume, By Power Discrete, 2021-2031F |
6.1.4 India Space Power Electronics Market Revenues & Volume, By Power Module, 2021-2031F |
6.1.5 India Space Power Electronics Market Revenues & Volume, By Power IC, 2021-2031F |
6.2 India Space Power Electronics Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 India Space Power Electronics Market Revenues & Volume, By Satellites, 2021-2031F |
6.2.3 India Space Power Electronics Market Revenues & Volume, By Spacecraft & Launch Vehicles, 2021-2031F |
6.2.4 India Space Power Electronics Market Revenues & Volume, By Space Stations, 2021-2031F |
6.2.5 India Space Power Electronics Market Revenues & Volume, By Rovers, 2021-2031F |
6.3 India Space Power Electronics Market, By Platform type |
6.3.1 Overview and Analysis |
6.3.2 India Space Power Electronics Market Revenues & Volume, By Power, 2021-2031F |
6.3.3 India Space Power Electronics Market Revenues & Volume, By Command and data handling, 2021-2031F |
6.3.4 India Space Power Electronics Market Revenues & Volume, By ADCS, 2021-2031F |
6.3.5 India Space Power Electronics Market Revenues & Volume, By Propulsion, 2021-2031F |
6.3.6 India Space Power Electronics Market Revenues & Volume, By TT&C, 2021-2031F |
6.3.7 India Space Power Electronics Market Revenues & Volume, By Structure, 2021-2031F |
6.4 India Space Power Electronics Market, By Voltage |
6.4.1 Overview and Analysis |
6.4.2 India Space Power Electronics Market Revenues & Volume, By Low Voltage, 2021-2031F |
6.4.3 India Space Power Electronics Market Revenues & Volume, By Medium Voltage, 2021-2031F |
6.4.4 India Space Power Electronics Market Revenues & Volume, By High Voltage, 2021-2031F |
6.5 India Space Power Electronics Market, By Current |
6.5.1 Overview and Analysis |
6.5.2 India Space Power Electronics Market Revenues & Volume, By Upto 25A, 2021-2031F |
6.5.3 India Space Power Electronics Market Revenues & Volume, By 25-50A, 2021-2031F |
6.5.4 India Space Power Electronics Market Revenues & Volume, By Over 50A, 2021-2031F |
7 India Space Power Electronics Market Import-Export Trade Statistics |
7.1 India Space Power Electronics Market Export to Major Countries |
7.2 India Space Power Electronics Market Imports from Major Countries |
8 India Space Power Electronics Market Key Performance Indicators |
8.1 Efficiency improvement rate of space power electronics systems |
8.2 Adoption rate of advanced space power electronics technologies |
8.3 Number of successful satellite launches powered by Indian space power electronics systems |
9 India Space Power Electronics Market - Opportunity Assessment |
9.1 India Space Power Electronics Market Opportunity Assessment, By Device Type, 2021 & 2031F |
9.2 India Space Power Electronics Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 India Space Power Electronics Market Opportunity Assessment, By Platform type, 2021 & 2031F |
9.4 India Space Power Electronics Market Opportunity Assessment, By Voltage, 2021 & 2031F |
9.5 India Space Power Electronics Market Opportunity Assessment, By Current, 2021 & 2031F |
10 India Space Power Electronics Market - Competitive Landscape |
10.1 India Space Power Electronics Market Revenue Share, By Companies, 2024 |
10.2 India Space Power Electronics Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |