Space Power Electronics Market

Space Power Electronics Companies - Infineon Technologies (Germany) and Texas Instrument Incorporated US) are the Key Players

The Space power electronics market is projected to grow from USD 205 million in 2021 to USD 435 million by 2026, at a CAGR of 16.2%. Space power electronics is the application of electronics on satellites, spacecraft, launch vehicles, space stations and rovers to control and convert electric power from one form to other. It deals with the processing of high voltages and currents to deliver power that supports a variety of needs. According to the National Aeronautics and Space Administration, a power electronic system can comprise a modular power electronic subsystem (PESS) connected to a source and load at its input and output power ports, respectively. Semiconductor devices such as metal-oxide semiconductor field effect transistors (MOSFET), insulated gate bipolar transistors (IGBT), mos-controlled thyristor (MCT), and gate-turn-off thyristors (GTO) represent the cornerstone of modem power electronic converters.

Major Space Power Electronics Companies Include:

  • Infineon Technologies (Germany)
  • Texas Instrument Incorporated (US)
  • STMicroelectronics (Switzerland)
  • Onsemi (US)
  • Renesas Electronics Corporation (Japan)

Major focus was given to the development of new hardware due to the changing requirements of satellite communication, miniaturization of space vehicles, deep space exploration and earth observation service customers across the world. These players have adopted various growth strategies to strengthen their position in the market. These include product launches, contracts, partnerships, mergers and acquisitions, and new product development activities further to expand their presence in the space power electronics market.

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INFINEON TECHNOLOGIES

Infineon Technologies is a German semiconductor manufacturer which was formed in 1999 by separating from Siemens. Infineon Technologies is a leading global designer, manufacturer, and supplier of a broad range of semiconductors used in various microelectronic applications. Infineon's product portfolio consists of logic products, including digital, mixed-signal, and analog integrated circuits, as well as discrete semiconductor products. It has focused on four main segments of its business, creating a specialized group of people (a division) for each: Automotive (ATV), Industrial Power Control, Power & Sensor Systems, and Connected Secure Systems.

TEXAS INSTRUMENTS INCORPORATED

Texas Instrument Incorporated (TI), a US-based company founded in 1930 as Geophysical Service Incorporated, came to be known as Texas Instruments after a reorganization in 1951. It designs and manufactures analog technologies, digital signal processing (DSP) and microcontroller (MCU) semiconductors. TI is a leader in semiconductor solutions for analog and digital embedded and applications processing. A global semiconductor company, TI innovates through design, sales, and manufacturing operations in more than 30 countries.

Texas Instrument incorporated has three business segments: Analog, Embedded Processing, and Other. The Power segment, which consists of space power electronics, falls under the Analog segment. Analog semiconductors change real-world signals, such as sound, temperature, pressure, or images, by conditioning them, amplifying them, and often converting them to a stream of digital data that can be processed by other semiconductors, such as embedded processors. They are also used to manage power in all electronic equipment by converting, distributing, storing, discharging, isolating, and measuring electrical energy.

STMICROELECTRONICS

STMicroelectronics was formed in 1987 by the merger of two government-owned semiconductor companies: Italian SGS Microelettronica and French Thomson Semiconducteurs, the semiconductor arm of Thomson. It is a global independent semiconductor company that designs, develops, and manufactures a broad range of products, including discrete and standard commodity components, application-specific integrated circuits (“ASICs”), full-custom devices and semicustom devices, and application-specific standard products (“ASSPs”) for analog, digital and mixed-signal applications.

The company operates under 4 segments: Automotive and Discrete Group (ADG); Analog, MEMS and Sensors Group (AMS); Microcontrollers and Digital ICs Group (MDG); and Others. ADG is comprised of dedicated automotive ICs, and discrete and power transistor products. AMS is comprised of analog, smart power, low power RF, MEMS sensors & actuators, and optical sensing solutions. MDG is comprised of microcontrollers (general purpose and secure), memories (RF and EEPROM), and RF communications. Others include revenue from sales assembly services and other sources.

ONSEMI

Onsemi, previously known as ON Semiconductor, was originally a spinoff of Motorola's Semiconductor Components Group and continues to manufacture Motorola's discrete, standard analog, and standard logic devices. It has an extensive portfolio of sensors, power management, connectivity, custom and SoC, analog, logic, timing, and discrete devices. The power management and motor driver semiconductor components control, convert, protect, and monitor the supply of power to the different elements within a wide variety of electronic devices. Custom ASICs and SoC devices use analog, MCU, DSP, mixed-signal, and advanced logic capabilities to enable the application and use of automotive, medical, aerospace/defense, consumer and industrial customer products. The signal management semiconductor components provide high-performance clock management and data flow management for precision computing, communications, and industrial systems. The company’s portfolio of sensors, including image sensors, radar, and LiDAR, provide advanced solutions for automotive, industrial, and IoT applications.

RENESAS ELECTRONICS CORPORATION

Renesas Electronics Corporation is a manufacturer engaged in the research, design, development, manufacture, sale, and servicing of semiconductor products. It operates through two business segments.

The Automotive segment is engaged in the vehicle control business and provides semiconductors for controlling the engine and body of automobiles, and vehicle information, which provides semiconductors for in-vehicle information devices such as car navigation systems. The segment mainly provides microcontrollers, system-on-chip (SoC), analog semiconductors, and power semiconductors.

The Industry, Infrastructure and Internet of Things (IoT) segment is engaged in the industry business that supports the smart society, the infrastructure business and IoT business. The segment mainly provides microcontrollers, SoCs, and analog semiconductors. Renesas is also engaged in the development and contracted production of semiconductors.

Related Reports:

Space Power Electronics Market by Device Type (Power Discrete, Power Module, Power IC), Application (Satellites, Spacecraft & Launch Vehicles, Space Stations, Rovers), Platform, Voltage, Current, Material and Region - Global Forecast to 2026

See Also:

Power Electronics Companies

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
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USA : 1-888-600-6441
[email protected]

Space Power Electronics Market Size,  Share & Growth Report
Report Code
AS 8075
RI Published ON
4/6/2022
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