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Satellite Solar Panels and Array Market

Satellite Solar Panels and Array Market by Technology (Photovoltaic Cells, Thin-Film Solar Panels, Concentrated Solar Power, Other Technologies), By Application (Satellite Power Systems, Space Stations, Commercial Satellites, Military Satellites, Other Applications), By End User (Space Agencies, Aerospace & Defense, Satellite Manufacturers, Commercial Enterprises, Research Institutions) and Region - Global Forecast to 2030

Report Code: UC AS 6441 Jun, 2025, by marketsandmarkets.com

Exhaustive secondary research was done to collect information on the Satellite Solar Panels and Array Market, its adjacent markets, and its parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Demand-side analyses were carried out to estimate the overall size of the market. Both, top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, market breakdown and data triangulation were used to estimate the size of segments and subsegments.

Secondary Research

In the secondary research process, various secondary sources, such as D&B Hoovers, Bloomberg, BusinessWeek, and different magazines were referred to identify and collect information for this study. Secondary sources also included annual reports, press releases & investor presentations of companies, certified publications, articles by recognized authors, and component research papers.

Primary Research

Extensive primary research was conducted after acquiring information regarding the Satellite Solar Panels and Array Market scenario through secondary research. The market for Satellite Solar Panels and Array is being driven by a range of stakeholders, Satellite manufacturers, Solar Panels and Array Providers, Regulatory Bodies, and governments of Various Countries. The demand-side of this market is characterized by various end users, such as component manufacturers as well as facility providers. The supply-side is characterized by technology advancements in Solar panel efficiency, Thin-film solar panels, Concentrated solar arrays, and Reducing Costs. Various primary sources from both, the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. Following is the breakdown of primary respondents.

Satellite Solar Panels and Array Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both, the top-down and bottom-up approaches were used to estimate and validate the total size of the Satellite Solar Panels and Array Market. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:

  • The key players in the industry and markets were identified through extensive secondary research.
  • The industry’s supply chain and market size, in terms of value, were determined through primary and secondary research processes.
  • All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.

Data Triangulation

After arriving at the overall market size from the market size estimation process, the total market has been split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics for market segments and subsegments, the data triangulation procedure has been implemented, wherever applicable. The data has been triangulated by studying various factors and trends from both the demand and supply sides. Along with this, the market size has been validated using both top-down and bottom-up approaches.

Report Objectives

  • To define, describe, segment, and forecast the size of the Satellite Solar Panels and Array Market based On Satellite, Type, Orbit, And Region
  • To forecast the size of different segments of the market with respect to four key regions, namely, North America, Europe, Asia Pacific, ROW, along with their key countries
  • To identify and analyze the key drivers, restraints, opportunities, and challenges influencing the growth of the market
  • To identify technology trends currently prevailing in the Satellite Solar Panels and Array Market
  • To analyze micromarkets with respect to individual growth trends, prospects, and their contribution to the overall market
  • To analyze opportunities in the market for stakeholders by identifying the key market trends
  • To profile the leading market players and comprehensively analyze their market share and core competencies
  • To analyze the degree of competition in the market by identifying the key growth strategies, such as acquisitions, new product launches, contracts, and partnerships, adopted by the leading market players
  • To identify detailed financial positions, key products, and unique selling points of the leading companies in the market
  • To provide a detailed competitive landscape of the market, along with a ranking analysis, market share analysis, and revenue analysis of the key players

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Scope of the Report

Report Metric

Details

Market size available for years

2020–2028

Base year considered

2022

Forecast period

2023-2028

Forecast units

Value (USD Million)

Segments covered

By Satellite, By Type, By Orbit

Geographies covered

North America, Europe, Asia Pacific, RoW

Companies covered

Rocket Lab, Inc. (US) , Spectrolab, Inc. (US), Azur Space Solar Power GmbH (Germany), Spacetech GmbH (Germany), DHV Technology (Spain) are some of the major players of Satellite Solar Panels and Array Market. (25 Companies)

Satellite Solar Panels and Array Market Highlights

The study categorizes the Satellite Solar Panels and Array Market based on Satellite, type, Orbit, and region.

By Satellite

  • Small Satellite
    • Nanosatellites (1–10 Kg)
    • Microsatellites (10–100 Kg)
    • Minisatellites (100–500 Kg)
    • Cubesat
      • Medium Satellite
      • Large Satellite

By Type

  • Solar Panels
  • Solar Array

By Orbit

  • Leo Orbit
  • Meo Orbit
  • Geo Orbit

By Region

  • North America
  • Europe
  • Asia Pacific
  • Rest of the World

Available Customizations

MarketsandMarkets offers the following customizations for this market report:

Company Information

  • Profiling of additional market players (up to 5)

Product Analysis

  • Product matrix, which provides a detailed comparison of the product portfolio of each company in the Satellite Solar Panels and Array Market

Exclusive indicates content/data unique to MarketsandMarkets and not available with any competitors.

TABLE OF CONTENTS
 
1 INTRODUCTION  
    1.1 OBJECTIVES OF THE STUDY  
    1.2 MARKET DEFINITION  
    1.3 STUDY SCOPE  
           1.3.1 MARKETS COVERED 
           1.3.2 YEARS CONSIDERED FOR THE STUDY 
    1.4 CURRENCY  
    1.5 LIMITATIONS  
    1.6 MARKET STAKEHOLDERS  
 
2 RESEARCH METHODOLOGY  
    2.1 RESEARCH DATA  
           2.1.1 SECONDARY DATA 
                    2.1.1.1 Secondary sources 
           2.1.2 PRIMARY DATA 
                    2.1.2.1 Primary sources 
                    2.1.2.2 Key data from primary sources 
                    2.1.2.3 Breakdown of primaries 
    2.2 MARKET SIZE ESTIMATION  
           2.2.1 BOTTOM-UP APPROACH 
           2.2.2 TOP-DOWN APPROACH 
    2.3 MARKET BREAKDOWN AND DATA TRIANGULATION  
    2.4 RESEARCH ASSUMPTIONS AND LIMITATIONS  
    2.5 GROWTH RATE ASSUMPTIONS  
    2.6 RECESSION IMPACT ANALYSIS  
    2.7 RISKS ANALYSIS  
 
3 EXECUTIVE SUMMARY  
 
4 PREMIUM INSIGHTS  
 
5 MARKET OVERVIEW  
    5.1 INTRODUCTION  
    5.2 MARKET DYNAMICS  
           5.2.1 DRIVERS 
           5.2.2 RESTRAINTS 
           5.2.3 OPPORTUNITIES 
           5.2.4 CHALLENGES 
    5.3 PRICING ANALYSIS  
           5.3.1 AVERAGE SELLING PRICES TREND OF KEY PLAYERS, BY PLATFORM 
           5.3.2 AVERAGE SELLING PRICE TREND 
    5.4 VALUE CHAIN ANALYSIS  
    5.5 MARKET ECOSYSTEM MAP  
           5.5.1 PROMINENT COMPANIES 
           5.5.2 PRIVATE AND SMALL ENTERPRISES 
           5.5.3 END USERS 
    5.6 DISRUPTION IMPACTING SATELLITE SOLAR PANEL AND ARRAY’ BUSINESS  
           5.6.1 REVENUE SHIFT & NEW REVENUE POCKETS FOR SATELLITE SOLAR PANEL AND ARRAY MANUFACTURERS 
    5.7 PORTER’S FIVE FORCES ANALYSIS  
    5.8 TRADE ANALYSIS  
    5.9 VOLUME ANALYSIS  
    5.10 RANGE/SCENARIOS  
    5.11 KEY STAKEHOLDERS & BUYING CRITERIA  
           5.11.1 KEY STAKEHOLDERS IN BUYING PROCESS 
           5.11.2 BUYING CRITERIA 
    5.12 KEY CONFERENCES & EVENTS IN 2024-2025  
    5.13 TARIFF AND REGULATORY LANDSCAPE  
           5.13.1 REGULATORY BODIES, GOVERNMENT AGENCIES AND OTHER ORGANIZATIONS 
 
6 INDUSTRY TRENDS  
    6.1 INTRODUCTION  
    6.2 TECHNOLOGY TRENDS FOR SOLAR PANELS AND ARRAY  
    6.3 TECHNOLOGY ANALYSIS  
    6.4 USE CASE ANALYSIS  
    6.5 IMPACT OF MEGATRENDS  
    6.6 INNOVATION & PATENT REGISTRATIONS  
 
7 SATELLITE SOLAR PANELS AND ARRAY MARKET, BY SATELLITE  
    7.1 INTRODUCTION  
    7.2 SMALL SATELLITE  
    7.3 MEDIUM SATELLITE  
    7.4 LARGE SATELLITE  
 
8 SATELLITE SOLAR PANELS AND ARRAY MARKET, BY TYPE  
    8.1 INTRODUCTION  
    8.2 SOLAR PANEL  
    8.3 SOLAR ARRAY  
 
9 SATELLITE SOLAR PANELS AND ARRAY MARKET, BY ORBIT  
    9.1 INTRODUCTION  
    9.2 LOW EARTH ORBIT (LEO)  
    9.3 MEDIUM EARTH ORBIT (MEO)  
    9.4 GEOSTATIONARY ORBIT (GEO)  
 
10 SATELLITE SOLAR PANELS AND ARRAY MARKET, BY POWER  
     10.1 INTRODUCTION  
     10.2 LOW POWER CELLS (1 W TO 10 W)  
     10.3 MEDIUM POWER CELLS (1O W TO 10O W)  
     10.4 HIGH POWER CELLS (100 W TO 1000 W)  
Note: The scope of this segment is tentative and will be determined during the execution of the study
 
11 REGIONAL ANALYSIS  
     11.1 INTRODUCTION  
     11.2 NORTH AMERICA  
             11.2.1 PESTLE ANALYSIS 
             11.2.2 US 
             11.2.3 CANADA 
     11.3 EUROPE  
             11.3.1 PESTLE ANALYSIS 
             11.3.2 GERMANY 
             11.3.3 FRANCE 
             11.3.4 UK 
             11.3.5 ITALY 
             11.3.6 REST OF THE EUROPE 
     11.4 ASIA PACIFIC  
             11.4.1 PESTLE ANALYSIS 
             11.4.2 CHINA 
             11.4.3 JAPAN 
             11.4.4 INDIA 
             11.4.5 SOUTH KOREA 
             11.4.6 AUSTRALIA 
             11.4.7 REST OF ASIA PACIFIC 
     11.5 MIDDLE EAST AND AFRICA  
             11.5.1 PESTLE ANALYSIS 
             11.5.2 GCC 
                        11.5.2.1 SAUDI ARABIA 
                        11.5.2.2 UAE 
             11.5.3 ISRAEL 
             11.5.4 REST OF MIDDLE EAST AND AFRICA 
     11.6 LATIN AMERICA  
             11.6.1 MEXICO 
             11.6.2 BRAZIL 
             11.6.3 REST OF LATIN AMERICA 
 
12 COMPETITIVE LANDSCAPE  
     12.1 INTRODUCTION  
             12.1.1 MARKET EVALUATION FRAMEWORK 
     12.2 MARKET RANKING ANALYSIS   
     12.3 MARKET SHARE ANALYSIS   
     12.4 COMPANY PRODUCT FOOTPRINT ANALYSIS  
     12.5 COMPANY EVALUATION QUADRANT   
             12.5.1 STARS 
             12.5.2 PERVASIVE PLAYERS 
             12.5.3 EMERGING LEADERS 
             12.5.4 PARTICIPANTS 
             12.5.5 COMPETITIVE BENCHMARKING 
     12.6 SMES/STARTUPS MATRIX  
             12.6.1 PROGRESSIVE COMPANY 
             12.6.2 RESPONSIVE COMPANY 
             12.6.3 STARTING BLOCK 
             12.6.4 DYNAMIC COMPANY 
             12.6.5 COMPETITIVE BENCHMARKING 
     12.7 REVENUE ANALYSIS OF TOP FIVE MARKET PLAYERS  
     12.8 COMPETITIVE SCENARIO  
     12.9 KEY MARKET DEVELOPMENTS  
             12.9.1 CONTRACTS 
             12.9.2 NEW PRODUCT LAUNCHES 
             12.9.3 AGREEMENTS, PARTNERSHIPS, AND JOINT VENTURES 
 
13 COMPANY PROFILE  
((Business Overview, Products Offered, Financials (Last three years revenues) Recent Developments, SWOT Analysis, 
MnM View)*
     13.1 INTRODUCTION  
     13.2 KEY PLAYERS  
             13.2.1 ROCKET LAB, INC. (ACQUIRED SOLAERO TECHNOLOGIES CORP.) 
             13.2.2 SPECTROLAB, INC. 
             13.2.3 AZUR SPACE SOLAR POWER GMBH 
             13.2.4 SPACETECH GMBH 
             13.2.5 DHV TECHNOLOGY 
             13.2.6 GOMSPACE 
             13.2.7 ISISPACE 
             13.2.8 AAC CLYDE SPACE 
             13.2.9 MITSUBISHI ELECTRIC CORPORATION 
             13.2.10 NORTHROP GRUMMAN CORPORATION 
 
14 APPENDIX  
     14.1 DISCUSSION GUIDE  
     14.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL  
     14.3 INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE  
     14.4 AVAILABLE CUSTOMIZATIONS  
     14.5 RELATED REPORTS  
     14.6 AUTHOR DETAILS  
*Details on Business Overview, Valuation, Investments, shareholding details, no. of employees, revenue, 
Products Offered, Recent Developments, MnM View will be captured on best-effort basis companies. 
** Only a few key players are mentioned above, however, the top 15 key players and 10 Other Players will 
be profiled during the course of the research study.
*** The above tentative TOC is based on preliminary secondary data and could improve based on primary 
data in the course of the research study 
**** All segments above will be further assessed & considered to be a part of the market breakdown. The 
breakdown of segments will be finalized during the course of the research. 
***** Request for the addition of company profiles or countries in the scope can be considered and 
included post feasibility
 

Request for detailed methodology, assumptions & how numbers were triangulated.

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