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New product development is among the key strategies adopted by leading players to catalyze their growth in the DC-DC converters market for space
The DC-DC converters market for space is projected to grow from USD 213.2 Million in 2015 to USD 268.2 Million by 2020, at a CAGR of 4.70% from 2015 to 2020. The market has been categorized into three key segments, namely, application, output power and output voltage. According to application, the market is further categorized into remote sensing, surveillance, communication, navigation and scientific research. With respect to output power, the market is classified into <20w, 20-40W, 40-100W and >100W. Whereas, on the basis of output voltage, the market is divided into 3.3 VDC, 5 VDC, 12 VDC and 15 VDC.
In 2015, the DC-DC converters market for space is dominated by Infineon Technologies AG. (Germany), Microsemi Corporation (U.S.), Vicor Corporation (U.S.), Crane Aerospace and Electronics (U.S.), Synqor Inc. (U.S.) and Modular Devices Inc. (U.S.). These companies are expected to continue their dominance till 2020.
Crane Aerospace and Electronics (U.S.) is the world leader in providing space power control devices. The company’s products and services are categorized into three segments, namely, space, defense and aerospace products. It provides space DC-DC converters such as Smfl series, Mfp series for space, Smrt series, etc.
Infineon Technologies Ag (Germany) is a global leader in semiconductors and microelectronics systems design for automotive, industrial power control, chip-card and security sectors. The company operates through four business segments, namely, automotive, industrial power control power management & multimarket, and chip card & security.
New product development is the key strategies adopted by leading market players to strengthen and sustain their positions in the DC-DC converters market for space. Crane Aerospace and Electronics launched Mfp series of DC-DC converters of output power 16 watts for space applications. The company has a broad product portfolio of DC-DC converters for satellite and space applications. Infineon Technologies AG launched PMBus SupIRBuck highly efficient DC-DC converters to be used in space-efficient solutions, and provides accurate power delivery for low output voltage and high current applications.
Other key players such as Microsemi Corporation (U.S.) and Vicor Corporation (U.S.) have also made significant contributions to the DC-DC converters market for space. These companies are also focusing on strategies such as contracts and new product launches to strengthen their competitive positions and enhance their product offerings.
DC-DC Converter Market for Space by Application (Surveillance, Communication, Navigation, Scientific Research, Remote Sensing), Output Voltage (<3.3, 5, 12, 15 VDC), Output Power (<20, 20-40, 40-100, >100 W), and Geography - Global Forecast to 2020
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