2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!

Which Primary Drivers Are Supporting the Continued Market Growth of theSpace Battery Market?

The increasing demand for space exploration is expected to drive the growth of the space battery market. This rise is driven by advancements in technology, more investments in space missions, and the broader scope of space activities. Space batteries are essential for powering spacecraft systems, especially when solar power is unavailable. For instance, in April 2024, the World Economic Forum projected that the global space economy would grow to $1.8 trillion by 2035, an increase from $630 billion in 2023. Therefore, the expanding interest in space exploration is boosting the space battery market.

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#How Does the ProjectedSpace Battery Market Growth Compare Over the Forecast Period?

The space battery market size will grow from $3.71 billion in 2024 to $3.99 billion in 2025 at a compound annual growth rate (CAGR) of 7.4%. The market expansion is due to NASA’s research and development, rising military spending, demand for customized products, increased space battery usage, and growing space science applications.

The space battery market is expected to grow to $5.25 billion by 2029, at a CAGR of 7.1%. This growth is driven by increasing space exploration, evolving mission regulations, rising satellite launches, a focus on sustainable battery technologies, and advanced thermal management. Trends include battery technology advancements, government and private investments, miniaturization, improved battery management, and thermal management focus.

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How Are Consumer Market Innovations Shaping the Current and Future Landscape of theSpace Battery Market?

Companies in the space battery market are forming strategic partnerships to enhance their technological capabilities and provide reliable power sources for space missions. In February 2022, the Japan Aerospace Exploration Agency (JAXA) partnered with Hitachi Zosen Corporation to launch the Space AS-LiB, an all-solid-state lithium-ion battery for on-orbit experiments. This partnership aims to improve battery technology that can withstand extreme temperatures and space conditions while reducing equipment size and power usage.

Who Are the Key Market Players Influencing the Growth of the Corn and Space Battery Industry?

Major companies operating in the space battery market are Lockheed Martin Corporation, Airbus SE, Northrop Grumman Corporation, Mitsubishi Electric Corporation, NEC Corporation, Teledyne Technologies Incorporated, GS Yuasa International Ltd., Enersys, Moog Inc., Aerojet Rocketdyne Holdings, Inc., Blue Origin LLC, Saft Groupe S.A., Eagle-Picher Technologies LLC, HBL Power Systems Limited, Arotech Corporation, Lyten Inc., Space Vector Corporation, Nanoavionics Ltd., AAC Clyde Space AB, E-One Moli Energy Corp., Epsilor Electric Fuel Ltd., Berlin Space Technologies GmbH

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Which Key Market Segments Comprise the Space Battery Market and Drive Its Revenue Growth?

The space batterymarket covered in this report is segmented –

1) By Type: Nickel-Based Battery, Lithium-Based Battery, Silver-Zinc Battery, Other Type

2) By Platform: Communication, Earth Observation, Military Surveillance, Science, Navigation, Other Platforms

3) By Energy Type: Less Than 100 Wh/kg, 100–150 Wh/kg, More Than 150 Wh/kg

4) By Orbit Type: Low Earth Orbit (LEO), Medium Earth Orbit (MEO), Geosynchronous Orbit (GEO), Other Orbit Types

5) By Application: Satellite, Launch Vehicle, Other Applications

Subsegments:

1) Nickel-Based Battery: Nickel-Cadmium Battery, Nickel-Metal Hydride Battery

2) Lithium-Based Battery: Lithium-Ion Battery, Lithium-Polymer Battery

3) Silver-Zinc Battery: Primary Silver-Zinc Battery, Rechargeable Silver-Zinc Battery

4) Other Type: Lead-Acid Battery, Solid-State Battery, Flow Battery

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Which Regions Are Emerging as Leaders in the Space Battery Market?

North America was the largest region in the space battery market in 2024. The regions covered in the space battery market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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