Space DC-DC Converter Market by Application, Type (Isolated, Non-Isolated), Form Factor (Chassis Mount, Enclosed, Brick, Discrete), Input Voltage (<12V, 12-40V, 40-75V, >75V), Output Voltage, Output Power, Platform, Type, & Region – Global Forecast to 2027
Updated on : May 12, 2023
[220 Pages Report] The Space DC-DC Converter Market is projected to grow from USD 37 million in 2022 to USD 66 million by 2027, at a CAGR of 12.4% from 2022 to 2027.
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 Trends
Space DC-DC Converter Market Forecast to 2027
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Space DC-DC Converter Market Dynamics
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.
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.
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), and 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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Report Metric |
Details |
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Market size available for years |
2018–2027 |
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Base year considered |
2022 |
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Forecast period |
2022-2027 |
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Forecast units |
Value (USD Million) |
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Segments covered |
By Platform, By Application, By Type, By Form Factor, By Output Power, By Output Voltage, By Input Voltage |
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Geographies covered |
North America, Europe, Asia Pacific, and Rest of the World |
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Companies covered |
Texas Instruments Incorporated (US), STMicroelectronics (Switzerland), Crane Co. (US), Infineon Technologies AG (Germany), and Vicor Corporation (US) are some of the major players of space DC-DC converter market. (25 Companies) |
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
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Segment |
Subsegment |
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By Platform |
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By Application |
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By Input Voltage |
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By Output Voltage |
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By Type |
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By Output Power |
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By Form Factor |
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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.
Frequently Asked Questions (FAQ):
Which are the major companies in the space DC-DC converter market? What are their major strategies to strengthen their market presence?
The major players are Texas Instruments Incorporated (US), STMicroelectronics (Switzerland), Crane Co. (US), Infineon Technologies AG (Germany), and 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.
What are the drivers and opportunities for the space DC-DC converter market?
The market for space DC-DC converters has grown substantially across the globe, and especially in North America, where increase in developing new technologies and development of new space DC-DC converter in countries such as US, Canada will offer several opportunities for space DC-DC converter industry. The rising R&D activities to develop space DC-DC converters are also expected to boost the growth of the market around the world.
Which region is expected to grow at the highest rate in the next five years?
The market in North America is projected to grow at the highest CAGR of from 2022 to 2027, showcasing strong demand for use of space DC-DC converters in the region.
Which type of platform segment is expected to significantly lead in the coming years?
The satellites segment of the space DC-DC converter market is projected to witness the highest CAGR. The growth of the satellites space DC-DC converter market can be attributed to the increased demand in satellite internet, earth observation.
What are some of the technological advancements in the market?
Various research activities have been conducted by manufacturers across the globe to enhance space DC-DC converters. Technologies such as compact, high-density, and high-efficiency dc-dc converters for new space applications, low power devices, miniaturization of space dc-dc converters, use of gallium nitride technology for increased efficiency of dc-dc converters.
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The study involved various activities in estimating the current size of the Space DC-DC Converter market. Exhaustive secondary research was done to collect information on the Space DC-DC Converter 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. Thereafter, market breakdown and data triangulation procedures were used to estimate the sizes of different segments and subsegments of the Space DC-DC Converter market.
Secondary Research
The market ranking of companies was determined using the secondary data made available through paid and unpaid sources and by analyzing the service portfolios of major companies. These companies were rated on the basis of performance and quality of their services. These data points were further validated by primary sources.
Secondary sources referred to for this research study include financial statements of companies offering Space DC-DC Converter systems, services and information from various trade, business, and professional associations. The secondary data was collected and analyzed to arrive at the overall size of the Space DC-DC Converter market, which was validated by primary respondents.
Primary Research
Extensive primary research was conducted after acquiring information regarding the Space DC-DC Converter market scenario through secondary research. Several primary interviews were conducted with market experts from both the demand and supply sides across major countries of North America, Europe, Asia Pacific, and Rest of the World. Primary data was collected through questionnaires, emails, and telephonic interviews.
After interacting with industry experts, brief sessions were conducted with highly experienced independent consultants to reinforce the findings from our primaries. This, along with the in-house subject matter experts’ opinions, has led us to the findings as described in the remainder of this report.
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
Both top-down and bottom-up approaches were used to estimate and validate the size of the Space DC-DC Converter market. The research methodology used to estimate the size of the market includes the following details:
The key players in the Space DC-DC Converter market were identified through secondary research, and their market shares were determined through primary and secondary research. This included a study of the annual and financial reports of the top market players and extensive interviews with leaders such as CEOs, directors, and marketing executives of leading companies operating in the Space DC-DC Converter market.
All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources. All possible parameters that affect the markets covered in this research study were accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data on the Space DC-DC Converter market. This data was consolidated, enhanced with detailed inputs, analyzed by MarketsandMarkets, and presented in this report.
Space DC-DC Converter Market Size: Bottom-Up Approach:
Data Triangulation
After arriving at the overall size of the Space DC-DC Converter market from the market size estimation process explained above, the total market was split into several segments and subsegments. The data triangulation and market breakdown procedures explained below were implemented, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics for various segments and subsegments of the market. The data was triangulated by studying various factors and trends from both the demand and supply sides. The market size was validated using both the top-down and bottom-up approaches.
Report Objectives
- To define, describe, and forecast the size of the space DC-DC converter market based on platform, input voltage, output voltage, output power, form factor, type, and region.
- To forecast the size of various segments of the market based on four regions: North America, Europe, Asia Pacific, and the Rest of the World, along with key countries in each of these regions.
- To identify and analyze key drivers, restraints, opportunities, and challenges influencing the growth of the market.
- To identify industry trends, market trends, and technology trends prevailing in the market
- To analyze micromarkets with respect to individual technological trends, prospects, and their contribution to the overall market
- To provide a detailed competitive landscape of the market and analyze competitive growth strategies, such as new product developments, contracts, deals, and collaborations, adopted by key players in the market.
- To identify the detailed financial position, key products, unique selling points, and key developments of leading companies in the market
- To strategically profile key market players and comprehensively analyze their market ranking and core competencies.
Available Customizations
MarketsandMarkets offers the following customizations for this market report:
- Additional country-level analysis of the Space DC-DC Converter market
- 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 Space DC-DC Converter market.
Generating Response ...
Growth opportunities and latent adjacency in Space DC-DC Converter Market
Good evening. I am looking for a manufacturer of DC DC converters for space-resistant 100RAD. In particular, the DC DC converters must have an insulated input voltage of 29V and must generate outputs for different circuits: model A 5V 20W, model B 5V 60W, model C + -8V 30W, model D 12V 60W. My request is to evaluate any builders/solutions. Thank you.