Satellite Solar Cell Materials Market

SPECTROLAB(US) and AZUR SPACE Solar Power GmbH (Germany) are Leading Players in the Satellite Solar Cell Materials Market

The satellite solar cell materials market is projected to reach USD 96 million by 2030, at a CAGR of 13.7% from USD 44 million in 2024. Demand from driving factors like space exploration plays a pivotal role in fueling the satellite solar cells market. The demand for sophisticated technologies, such as satellite solar cells, arises from the necessity for efficient power generation in space missions.

The key players in this market are SPECTROLAB(US), AZUR SPACE Solar Power GmbH (Germany), ROCKET LAB USA (US), Sharp Corporation (Japan), CESI S.p.A (Italy), Thales Alenia Space (France), AIRBUS (France), MicroLink Devices, Inc. (US), Mitsubishi Electric Corporation (Japan), Northrop Grumman (US), etc. These companies are strong in their home regions and explore geographic diversification alternatives to grow their businesses. They focus on increasing their market shares through new product launches and other expansions.

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


Spectrolab, Inc., a wholly owned subsidiary of The Boeing Company, stands as the foremost global supplier of the most efficient multijunction solar cells for spacecraft power systems. With over 65 years of space heritage, Spectrolab has earned a reputation for delivering highest-efficiency solar cells with proven reliability. The company, having produced and supplied more than 6.5 million multijunction space solar cells, has established its headquarters in the United States. The Boeing Company, which is a global aerospace and defense giant operates four main business segments. The Commercial Airplanes Segment focuses on the development, production, and marketing of commercial jet aircraft for the global commercial airline industry. The Defense, Space & Security Segment engages in research, development, production, and modification of various products and services, including strategic defense and intelligence systems, satellite systems, cyber and information solutions, and space exploration. The Global Services Segment provides services to commercial and defense customers worldwide. The Boeing Capital Segment, under Boeing Capital Corporation (BCC), plays a vital role in ensuring customers have the necessary financing for acquiring Boeing products while managing overall financing exposure. Boeing has a workforce exceeding 140,000 individuals distributed throughout the United States and spanning over 65 countries. Boeing, with its worldwide presence, in regions like North America, South America, Middle East and Africa, Europe and Asia Pacific, continues to be a prominent force in the space and defense industry.

AZUR SPACE Solar Power GmbH

AZUR SPACE Solar Power GmbH, a leading European and global player, specializes in the development and manufacturing of multi-junction solar cells for both space photovoltaic (PV) and terrestrial Concentrated Photovoltaic (CPV) applications. Leveraging over 50 years of experience in space solar cell technology, AZUR SPACE extends its cutting-edge photovoltaic advancements from space to terrestrial applications. Headquartered in Germany, the company became a part of 5N Plus, headquartered in Canada, in 2021 when 5N Plus acquired Azur Space. 5N Plus employees 800 people across three continents as of year 2022. As a prominent global producer of specialty semiconductors and performance materials, 5N Plus operates in two main segments. Under the Specialty Semiconductors segment, 5N Plus offers a range of products including semiconductor compounds, semiconductor wafers, ultra-high purity metals, epitaxial semiconductor substrates, and solar cells. These products are primarily derived from elements such as cadmium, zinc, germanium, indium, antimony, and tellurium.


Established in 2007, Rocket Lab, a prominent aerospace company, expanded its capabilities in 2022 through the acquisition of SolAero Technologies, a leading producer of satellite solar power. Established in 1998, SolAero Technologies Corp. stands as a global leader in the production of exceptionally efficient, radiation-resistant solar cells, Coverglass Interconnected Cells (CICs), and space power application solar panels. Today, Rocket Lab USA, Inc. is at the forefront of innovation, developing cutting-edge solutions that power the space industry. The company is engaged in the development of rocket launch and control systems for the space and defense sectors.

Operating through two segments, Launch Services and Space Systems, Rocket Lab offers dedicated mission launches and a range of space engineering services, including program management, satellite components, spacecraft manufacturing, and mission operations. Headquartered in Long Beach, California, Rocket Lab has established facilities, including advanced manufacturing and mission operations centers, in Virginia, New Mexico, Colorado, Maryland, Toronto, and New Zealand. Notably, Rocket Lab underwent a merger with Vector Acquisition Corporation, transforming into a publicly traded end-to-end space company.


Established in 1912, the company is based in Osaka, Japan, and operates through two primary business segments: Brand Business and Device Business. The Brand Business encompasses key segments such as Smart Life, 8K Ecosystem, and ICT. In the Device Business, two subsegments include Display Device and Electronic Device. Within the Smart Life category, the company offers a diverse range of products, including refrigerators, superheated steam ovens, microwave ovens, small cooking appliances, air conditioners, washing machines, vacuum cleaners, air purifiers, electric fans, dehumidifiers, humidifiers, electric heaters, Plasmacluster Ion generators, beauty appliances, LED lightings, electronic dictionaries, calculators, telephones, network control units, solar cells, and storage batteries.

 In the 8K Ecosystem segment, the company provides televisions, Blu-ray disc recorders, audio equipment, digital multi-function printers (MFPs), information displays, commercial projectors, POS system equipment, factory automation equipment, options and consumables, office-related solution services, software, and face masks. Within the ICT category, the company offers mobile phones, personal computers, tablet devices, and routers. In the Display Device segment, the company specializes in display modules and automotive cameras, while the Electronic Device segment includes camera modules, sensor modules, optical sensors, optical devices, CMOS imagers, wafer foundries, and laser diodes. The company had 46,200 employees as of year 2023. The company boasts a worldwide presence in various regions like North America, South America, Middle East & Africa, Asia Pacific and Europe.


CESI stands out as a preeminent technical consulting company boasting over 60 years of expertise, with a global presence spanning 4 continents and operations in 90 countries. Specializing in various facets of the energy sector, CESI excels in Transmission and Interconnections, Smart Grids for Distribution, Renewables, as well as Testing, Certification, and Quality Assurance. The company is a frontrunner in conducting Environmental Impact Assessments, providing Civil Engineering Services for hydro and renewable plants, and implementing Environmental Monitoring Systems for Electric Power Plants. Notably, CESI holds a prominent position as one of the top four global manufacturers of advanced III-V triple junction GaAs Solar Cells, specifically designed for both space and terrestrial applications, including Concentrated Photovoltaics (CPV). The company's leadership in solar cell technology underscores its commitment to advancing sustainable energy solutions. As a fully independent joint-stock company headquartered in Milan, CESI extends its influence through facilities strategically located in Arnhem (Netherlands), Berlin (Germany), Prague (Czech Republic), Mannheim (Germany), Dubai (UAE), Rio de Janeiro (Brazil), Santiago de Chile (Chile), Santiago de Chile (CL), Knoxville (US), and Chalfont (US). This extensive network positions CESI as a versatile and globally influential player in the energy consulting and technology landscape.

Related Reports:

Satellite Solar Cell Materials Market by Material Type (Silicon, Copper Indium Gallium Selenide (CIGS), Gallium Arsenide (GaAs)), Application (Satellite, Rovers, Space Stations), Orbit (LEO, MEO, GEO, HEO, Polar Orbit), & Region - Global Forecast to 2030

Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]

Satellite Solar Cell Materials Market Size,  Share & Growth Report
Report Code
CH 8971
RI Published ON
Choose License Type

This FREE sample includes market data points, ranging from trend analyses to market estimates & forecasts. See for yourself.

  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
©2024 MarketsandMarkets Research Private Ltd. All rights reserved Protection Status