As per this study the Global Space Battery Market was valued USD XX MN (by revenue) in 2022 and is anticipated to reach USD XX MN by 2030 with a CAGR of XX%.
Space battery refers to the battery used on spacecraft to store the power. Space batteries could be primary or secondary batteries depending upon the duration of tasks. A primary battery contains all the usable energy and can be discharged, whereas secondary batteries can be reused or recharged from some other energy sources such as solar panels. Batteries such as nickel-based, lithium-based, silver-zinc, and others are widely used in spacecraft and are able to withstand the acceleration of launch, vibrations, and can be operated over a wide range of temperature.
Market Dynamics
The growing usage of lithium batteries in spacecraft because of varying temperature withstanding abilities is augmenting the market growth of space battery market. Also, technological advancements and R&D on space batteries for better efficiency are further expected to boost the market over the forecast period.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter's five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of space battery.
Market Segmentation
The broad space battery market has been sub-grouped into type and application. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
By Type
- Rechargeable
- Non-rechargeable
By Applications
- Propulsion Systems
- Communication & Navigation Systems
- Fire Control Systems
- Electro Optics & Thermal Imaging Systems
- Others
By Platform
- Aviation
- Land
- Marine
- Space
- Munitions
Regional Analysis
Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for space battery in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Space Battery Market Size, Share Analysis Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the Space Battery market include Hitachi Chemical Co, CBAK Energy Technology Inc., EnerSys, A123 Systems Inc., Arotech Corporation, Automotive Energy Supply Corporation (AESC), EaglePicher Technologies, Aviation Industry Corporation of China (AVIC), Bren-Tronics Inc., BYD Company Ltd., Saft Groupe. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
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