Space DC-DC Converter Market Size, Share, Trend Analysis

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Space DC-DC Converters are the components used in space applications, such as spacecraft, satellites, and launch vehicles, for power conversion. Power conversion is required in several systems, such as power distribution systems, power storage units, controller units, tracking subsystems, and telecommunication subsystems, where space DC-DC converters are used. These converters are made suitable for the harsh environments of space by carrying out the radiation-hardened (rad-hard) process. This rad-hard process makes space DC-DC converters radiation-tolerant and capable of handling very high-temperature variations.

Space DC-DC Converter Market Size and Growth

The Global Space DC-DC Converter Market Size was valued at USD 37 Million in 2022 and is estimated to reach USD 66 Million by 2027, growing at a CAGR of 12.4% during the forecast period.

Space DC-DC Converter Market Forecast to 2027

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Space DC-DC Converter Market Trends

Driver: Emergence of digital power management and control

As a result of the ongoing digital revolution, the digital power management and control system is introduced in order to improve the device's efficiency. This is one of the most important technologies for minimizing power consumption. The traditional analog system depends on circuits to control the DC-DC converters, which results in power loss at the time when the load is not connected to the converters. In comparison, the digital power management and control system is often used for power supply, which utilizes a digital method to control the on/off time of a particular device. This technology uses a digital interface to control the switching regulator. For instance, tasks such as switching frequencies, control of the output voltage, control and monitoring of individual power supplies, and management of switching frequencies are done using digital power management and control. Digital power-based DC-DC converters ensure accuracy and efficiency in power supply and optimize performance and minimize power consumption, which is expected to act as one of the major factors for driving the growth of space DC-DC converters.

Restrains: Functionality of DC-DC converters in no-load situation

The biggest challenge for space DC-DC converters manufacturers is developing a device that automatically turns off during a no-load situation. Conventional converters draw current even when the load is not connected to them. In this situation, the generated heat is wasted and contributes additional thermal stress. This, in turn, results in power loss and reduced system efficiency. The space DC-DC converter market manufacturers face a significant challenge to overcome this drawback of traditional space DC-DC converters. Therefore, system designers are trying to develop a system with an automatic switch-off option when the load is not connected to the converters. It will result in power saving to a great extent and improved device efficiency.

Opportunities: Miniaturization of space DC-DC converters

In the current scenario, satellite manufacturers are demanding compact-sized power converters. The compactness of converters benefits designers who need galvanically isolated output power or noise reduction in an analog circuit. The miniaturized DC-DC converters will offer low output noise with extended operating temperature, resulting in high switching frequencies. As a result, the converters will deliver increased efficiency. Therefore, market players have the opportunity to reduce the device size to make DC-DC converters more effective.

Challenges: Global shortage of semiconductors

The global manufacturing sector has been significantly impacted by the ongoing disruptions in global supply chains. International travel restrictions and seismic shifts in demand and supply due to COVID-19 have dented the worldwide distribution network. Global shortages in integrated circuits have decimated the supply chain of various key industries. This has also affected the space DC-DC converter market, as these converters are vital to IC boards. Hence, the global shortage faced by the power electronics industry has also affected the manufacturing and supply chain of space DC-DC converters.

Space DC-DC Converter Market Segments

Growing launch of mars rovers and small satellites is driving the command & data handling systems application segment.

Spacecraft, launch vehicles, and rovers consist of multiple systems that work together to achieve mission goals. The command and data management system processes all data sent and received by the spacecraft, launch vehicle, and rover, including scientific data and the operation of the spacecraft or payload. The system is connected to a radio transmitter, and the receiving device provides a communication channel between the spacecraft and ground operators. It manages all forms of data on the spacecraft, launch vehicles, and rovers; carries out commands sent from ground stations or command centers; prepares data for transmission to Earth; manages the collection of solar power and charging of the batteries; collects and processes information about all subsystems and payloads; keeps and distributes the spacecraft time; calculates the spacecraft, launch vehicle, and rover position in orbit around Mars; carries out commanded maneuvers; and autonomously monitors and responds to a wide range of onboard problems that might occur.

Over the last few years, there has been an explosion of activities in space exploration of Mars and Moon planers and the rapid launch of small satellites by SpaceX (US) and OneWeb (UK), driven by technology breakthroughs, industry commercialization, and private investments.

In 2020, NASA’s launched its Mars rover mission which includes rover perseverance and small robotic, coaxial helicopter ingenuity.

In March 2021, NASA (US) launched the Time-Resolved Observations of Precipitation Structure and Storm Intensity with a Constellation of Small Satellite (TROPICS) mission, a group of six CubeSats to be stationed into three orbital planes by 2022 to study tropical weather systems. NASA awarded a contract to Rocket Lab (US) to launch the four CubeSats of a constellation to monitor tropical weather systems.

Increasing demand from commercial and government sectors for nanosatellite services to drive the platform segment.

Nanosatellites are satellites with a wet mass (including fuel) between 1 kg and 10 kg. They are also known as nanosats. These satellites typically have a dimension as small as 10 cubic centimeters. The launch of the first nanosatellite triggered a series of opportunities in various space-based projects, ranging from technological research to biological experimentation. Constant innovation and technological advances in sensors and actuators are expected to boost the launch of nanosatellites. The demand from commercial and government sectors for nanosatellite services is expected to increase significantly over the next few years.

Space DC-DC Converter Market Regions

North America likely to emerge as the largest space DC-DC converter market

There is strong political support in North America for the adoption of advanced satellites. Another key factor fueling the growth of the market in this region is that a large number of leading developers of space DC-DC converters are concentrated in North America, with clear policies laid out for dealing with government agencies on defense matters. The satellite industry in North America is the largest in the world. Major companies such as Advanced Energy, Vicor Corp., Texas Instruments, Crane Co., XP Power, and Astronics, and small-scale private companies such as VPT, SYNQOR, and AJ's Power Source are based in the US. These players continuously invest in the R&D of new & improved designs of space DC-DC converters.

Space DC-DC Converter Market by Region

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Space DC-DC Converter Industry Companies: Top  Key Market Players

The Space DC-DC Converter Companies are dominated by globally established players such as:

• Texas Instruments Incorporated (US)
• STMicroelectronics (Switzerland)
• Crane Co. (US)
• Infineon Technologies AG (Germany)
• Vicor Corporation (US)

These companies have well-equipped manufacturing and distribution networks across North America, Europe, Asia Pacific, Middle East, and Rest of the World.

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Scope of the Report

Space DC-DC Converter Market Highlights

The study categorizes the space DC-DC converter market based on Platform, Application, Type, Form Factor, Output Power, Output Voltage, Input Voltage and Region

Recent Developments

• In March 2021, Modular Devices Inc. launched model 3693 series of DC-DC power converters for CubeSats and micro-miniature orbiting platforms.
• In December 2020, Vicor Corporation entered into a global distribution agreement with Arrow Electronics to expand its presence in Europe, the Middle East, and Africa.

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