Asia Pacific Space-based Solar Power Market Size & Outlook
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Asia Pacific space-based solar power market highlights
- The Asia Pacific space-based solar power market generated a revenue of USD 147.3 million in 2024.
- The market is expected to grow at a CAGR of 11.2% from 2025 to 2030.
- In terms of segment, microwave transmitting solar satellite was the largest revenue generating satellite type in 2024.
- Microwave transmitting solar satellite is the most lucrative satellite type segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2025 to 2030.
Asia Pacific data book summary
| Market revenue in 2024 | USD 147.3 million |
| Market revenue in 2030 | USD 283.5 million |
| Growth rate | 11.2% (CAGR from 2025 to 2030) |
| Largest segment | Microwave transmitting solar satellite |
| Fastest growing segment | Microwave transmitting solar satellite |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Microwave transmitting solar satellite, Laser transmitting solar satellite |
| Key market players worldwide | Azur Space, Fralock, Japan Aerospace Exploration Agency, Northrop Grumman Corp, Solaren, Spacetech, Airbus, OHB System, DHV Technology |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 23.2% of the global space-based solar power market in 2024.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 283.5 million by 2030.
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Space-based Solar Power Market Scope
Space-based Solar Power Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| DHV Technology | View profile | 51-100 | Málaga, Andalucia, Spain, Europe | https://dhvtechnology.com |
| Spacetech | View profile | 51-100 | Immenstaad, Baden-Wurttemberg, Germany, Europe | https://www.spacetech-i.com/ |
| Solaren | View profile | 1-10 | Manhattan Beach, California, United States, North America | http://www.solarenspace.com |
| Japan Aerospace Exploration Agency | View profile | 1001-5000 | Chofu, Tokyo, Japan, Asia | http://global.jaxa.jp |
| Fralock | View profile | 501-1000 | Valencia, California, United States, North America | http://www.fralock.com/ |
| Azur Space | View profile | 101-250 | Heilbronn, Baden-Wurttemberg, Germany, Europe | http://www.azurspace.com |
| OHB System | View profile | 1001-5000 | Bremen, Bremen, Germany, Europe | https://www.ohb.de |
| Airbus | View profile | 10001+ | Leiden, Zuid-Holland, The Netherlands, Europe | http://www.airbus.com |
| Northrop Grumman Corp | View profile | 101000 | 2980 Fairview Park Drive, Falls Church, VA, United States, 22042 | https://www.northropgrumman.com |
Asia Pacific space-based solar power market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to space-based solar power market will help companies and investors design strategic landscapes.
Microwave transmitting solar satellite was the largest segment with a revenue share of 81.6% in 2024. Horizon Databook has segmented the Asia Pacific space-based solar power market based on microwave transmitting solar satellite, laser transmitting solar satellite covering the revenue growth of each sub-segment from 2018 to 2030.
The space-based solar power market in the Asia-Pacific region is experiencing rapid growth due to the increased investment and R&D in space-based solar power and the presence of a large customer base in the region.
Furthermore, India and China have emerged as significant space missions and solar power generation hubs, driving the Asia-Pacific space-based solar power market forward. Furthermore, an increase in knowledge of solar energy and its advantages in harvesting solar power from space rather than earth.
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Target buyers of Asia Pacific space-based solar power market databook
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Our clientele includes a mix of space-based solar power market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific space-based solar power market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific space-based solar power market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Asia Pacific space-based solar power market size, by country, 2018-2030 (US$M)
Asia Pacific Space-based Solar Power Market Outlook Share, 2024 & 2030 (US$M)
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