Global Space Battery Market was valued at US$ XX Bn in 2019 and is expected to reach US$ XX Bn by 2027, at a CAGR of around XX % during the forecast period.
The report includes an analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.
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Global Space Battery Market Dynamics:
Global private sector companies in the space community are acting as a catalyst towards the growth of the space battery market. Technological development in space batteries is another factor boosting the demand for advanced batteries in the industry. Current market players are striving hard for nonstop innovation, which has resulted in the development of batteries with a specific energy of 500 Wh/kg. The innovative outlook of space battery technology would seek ways to decrease associated disadvantages of existing batteries like the poor performance of lithium-ion batteries in enormously low temperatures and a phenomenon associated with it called thermal runaway, which is caused by overcharging.
Global Space Battery Market Segment Analysis:
According to battery type, the lithium-based battery is expected to remain the most preferred choice of the space industry during the forecast period, driven by innovation towards the production of highly reliable, high performing, and cost-effective technology by dropping the SWAP of the battery. It is expected to exhibit the highest growth rate during the forecast period as well.
Global Space Battery Market Regional Insights:
Geographically, North America is expected to remain the largest market during the forecast period, driven by the presence of main spacecraft OEMs and tier players. The USA is the growth engine of the region's market and its space budget is the maximum across the world, which is almost six times the country with the second-highest space budget. As well, space agencies like NASA, which are most involved in space-related activities located in the USA and in the world.
Europe and Asia-Pacific are also probable to offer good growth opportunities in the coming years. Europe will be driven by space investments by ESA and Russia. Asia-Pacific is expected to be the fastest-growing region, driven by a host of factors, with the appearance of India and China in the space sector, investments in small satellite projects, and an augmented number of start-ups involved in space activities across the region.
Report emphases on space battery value at global level, regional level, and company level. From a global outlook, this report represents the overall space battery market size by analyzing historical data and future prospects. Regionally, this report focuses on numerous key regions. At the company level, this report focuses on the production capacity, ex-factory price, revenue, and market share for each manufacturer enclosed in this report.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data, and projections with a suitable set of assumptions and methodology. The report also helps in understanding global space battery market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, the report also focuses on the competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence.
Global Space Battery Market, Key Highlights:
• Global Space Battery Market analysis and forecast, in terms of value.
• Comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of the Global Space Battery Market
• Global Space Battery Market segmentation on the basis of type, source, end-user, and region (country-wise) has been provided.
• Global Space Battery Market strategic analysis with respect to individual growth trends, future prospects along with the contribution of various sub-market stakeholders have been considered under the scope of study.
• Global Space Battery Market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA) and Latin America along with country-wise segmentation.
• Profiles of key industry players, their strategic perspective, market positioning and analysis of core competencies are further profiled.
• Competitive developments, investments, strategic expansion and competitive landscape of the key players operating in the Global Space Battery Market are also profiled.
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Scope of the Global Space Battery Market Report: Inquire before buying
Global Space Battery Market, by Platform Type
• Satellite
• Launch Vehicle
• Others
Global Space Battery Market, by Function Type
• Primary Batteries
• Secondary Batteries
• Reserve Batteries
Global Space Battery Market, by Battery Type
• Nickel-based Battery
• Lithium-based Battery
• Silver-Zinc Battery
• Others
Global Space Battery Market, by Platform Mission Type
• Communication
• Earth Observation
• Military Surveillance
• Science
• Navigation
• Others
Global Space Battery Market, by Specific Energy Type
• < 100 Wh/kg
• 100-150 Wh/kg
• >150 Wh/kg
Global Space Battery Market, by Region
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• South America
Key Players Operating in the Global Space Battery Market:
• SaftGroupe S.A.
• Eagle-Picher Technologies LLC
• GS Yuasa Corporation
• EnerSys
• Mitsubishi Electric Corporation
• VARTA AG
• EXIDE Technologies (US)
• A123 Systems Inc.
• Automotive Energy Supply Corporation (AESC)
• Aviation Industry Corporation of China (AVIC)
• Arotech Corporation (US)
• Bren-Tronics, Inc.
• BYD Company Ltd
• CBAK Energy Technology Inc
• Hitachi Chemical Co
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