Space Battery Market Worth US$ 146.1 million in 2023

(I-BusinessNews.Com, January 15, 2019 )
Stratview Research has published a new research report on Space Battery Market. This extensive 280-page report by Stratview Research analyses the growth of Space Battery Market over the trend period of 2012 to 2017 and forecast period of 2018 to 2023 under the following segments –
● by Platform Type (Satellite, Launch Vehicle, and Others)
● by Function Type (Primary Batteries, Secondary Batteries, and Others).
● by Battery Type (Nickel-based Battery, Lithium-based Battery, and Fabrics)
● by Platform Mission Type (Communication, Earth Observation, and Fabrics)
● by Specific Energy Type (less than100 Wh/kg, 100-150 Wh/kg, and Others)
● and by Region (North America, Europe, Asia-Pacific, and RoW)

Go through the detailed scope: https://www.stratviewresearch.com/toc/337/Space-Battery-Market.html

Or

Get a free sample of the report: https://www.stratviewresearch.com/toc/337/Space-Battery-Market.html

Satellite is the most dominant application

Batteries are used in a variety of space applications, such as satellites, launch vehicles, crew return vehicles, landers, rovers, astronomers’ equipment, and International Space Station. It may be used either as an energy storage device or as an instant source of power. Satellite is the most dominant application as the world has been gripped by what is being termed as ‘The CubeSat Revolution’. As a result of this, space battery manufacturers are facing increased demand for satellite batteries. The challenge, which the battery manufacturers face while designing satellite batteries is limiting its size.

North America to remain the largest market

Based on regions, North America is projected to remain the largest market during the forecast period, driven by the presence of major spacecraft OEMs and tier players. The USA is the growth engine of the region’s market and its space budget is the highest across the world, which is almost six times of the country with second highest space budget. Also, NASA is the largest space agency in the world, which is largely involved in space-related activities located in the USA. It also has the presence of major spacecraft OEMs, such as Orbital ATK, Lockheed Martin, and Honeywell International.

Top market players

The supply chain of this market comprises raw material suppliers, space battery manufacturers, distributors/part brokers, and End users which include spacecraft OEMs, space agencies, and space research institutes. Major space battery manufacturers are Saft Groupe S.A., Eagle-Picher Technologies LLC, GS Yuasa Corporation, Enersys, and Mitsubishi Electric Corporation. Key end users are NASA, Orbital ATK, European Space Agency, Lockheed Martin, ISRO, Roscosmos, Space X, JAXA etc.

Stratview Research is a global market intelligence firm offering a wide range of services including syndicated market reports, consulting, sourcing intelligence, and customer research.

Stratview Research
Ritesh Gandecha
+1-313-307-4176
sales@stratviewresearch.com

Source: EmailWire.Com