DC-DC Converter Market For Space Analysis | 2023-2028

Market Insights

The DC-DC Converter Market for Space was estimated at US$ 35.34 million in 2022 and is expected to grow at an impressive CAGR of 12.2% during 2023-2028 to reach US$ 70.88 million by 2028.

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What is a DC-DC Converter for Space?

DC-DC converter for space is an electronic device designed to regulate and convert electrical power efficiently in space applications. It is crucial for maintaining a stable and reliable power supply within spacecraft, satellites, and other space systems. These converters take the direct current (DC) from a power source, such as solar panels or batteries, and efficiently transform it into the required voltage levels for different components and subsystems.

Space DC-DC converters must withstand harsh environmental conditions, including extreme temperatures, radiation, and vacuum while providing consistent power to ensure the proper functioning of critical equipment in space missions.

Market Drivers

Increasing concern towards global energy consumption, growing demand in present requirements by the ICT industry, introduction of advanced power-saving architectures, and the emergence of digital power management and control technologies are the major factors expected to bolster the growth of the global DC-DC converters market for space during the forecast period.

Segments Analysis

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By Application Type

The market is segmented into communication, server, storage & network, industrial, aerospace & defense, medical, and consumer. The server, storage & network segment is registering the highest growth. This growth of the segment is owing to the incessant increase in the number of data centers, which call for energy efficiency and high performance. DC-DC converters accomplish the requirements of low voltage for these applications and ascertain uninterrupted power supply for optimal system performance.

By Output Number Type

The DC-DC converter market for space is segmented into single output, dual output, and three output. The three output subsegments are estimated to be the fastest-growing segment during the forecast period. The demand for three outputs is majorly driven by the demand for multiple outputs that are required for various on-board applications.

By Input Voltage Type

The market is segmented into 40V, 40-70V, and >70V. The >70V is estimated to be the fastest-growing segment. As the high voltage, DC is more efficient to power future telecommunication and datacom systems, such as 3G, 4G, and 5G systems, the global rise in demand for 4G and 5G services will drive the demand for DC-DC converters during the forecast period.

By Output Voltage Type

The DC-DC converter market for space is segmented into 3.3V, 5V, and 12V. The 12V systems are estimated to witness the highest growth in the coming five years. The demand for 12V DC-DC converters is on the rise, driven by certain advantages over low-voltage DC-DC converters, such as cost-effectiveness, compact size, and greater power.

By Output Power Type

The market is segmented into <20W, 20-40W, and 40-100W. The <20W is expected to account for the highest CAGR during the forecast period. The rise in the demand for electronic goods in the military for military aircraft and weapon systems, automation in the industrial sector, and growing demand for healthcare equipment are driving the market for DC-DC converters globally.  

By Sales Channel Type

The DC-DC converter market for space is segmented into direct and indirect. Indirect sales have a higher CAGR in the global DC-DC converter market driven by certain advantages for manufacturers, such as the non-requirement of a sales infrastructure, lower operational cost, and the boom in e-commerce, which are driving the growth of the segment.  

By Form Factor Type

The market is segmented into quarter brick, eighth brick, half brick, full brick, sixteen brick, and others. One of the major factors contributing to the growth of the quarter-brick segment is the demand for increased power density. It is estimated that the quarter-brick segment will register the highest market share throughout the forecast period.

By Product Type

The DC-DC converter market for space is segmented into isolated and non-isolated. The non-isolated DC-DC converters are the fastest-growing segment. This segment is growing at a higher rate owing to the upsurge in the global demand for CPUs, cell phones, memory power supplies, and point-of-load modules.

Regional Analysis

The global DC-DC converter market for space in the Asia-Pacific region held the largest market share followed by the Americas. The region is likely to continue its dominance during the forecast period. China, Japan, and Taiwan are the major producers of electronic devices, such as laptops, air conditioners, and cell phones, among others, which is likely to bolster the demand for DC-DC converters to a great extent.  

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Key Players

Some of the major players in the DC-DC converter market for space are-

• Airbus Group SE
• Asp Equipment GmbH
• Crane Aerospace and Electronics
• Infineon Technologies AG
• Microsemi Corporation
• Modular Devices Inc.
• Sitael S.P.A
• Synqor Inc.
• Thales Group
• UTC Aerospace Systems.

Research Methodology

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

Report Features

This report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

What Deliverables Will You Get in this Report?

Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players).
• SWOT analysis of key players (up to 3 players).

Market Segmentation

• Current market segmentation of any one of the product types by application type.  

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

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