Europe Space-based Solar Power Market Size & Outlook
Related Markets
Europe space-based solar power market highlights
- The Europe space-based solar power market generated a revenue of USD 161.3 million in 2024.
- The market is expected to grow at a CAGR of 8.1% 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, France is expected to register the highest CAGR from 2025 to 2030.
Europe data book summary
| Market revenue in 2024 | USD 161.3 million |
| Market revenue in 2030 | USD 261.4 million |
| Growth rate | 8.1% (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, Europe region accounted for 25.4% 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 |
Europe 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 79.67% in 2024. Horizon Databook has segmented the Europe 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 Europe is driven by the rising need for clean and sustainable energy to achieve strict renewable energy goals and cut carbon emissions. Progress in solar panel efficiency, wireless energy transmission, and power conversion technologies is making SBSP more feasible and commercially attractive.
Moreover, Europe's strong focus on innovation, energy independence, and decreasing reliance on fossil fuels is further accelerating market development. For instance, a government initiative known as ‘Solaris’ aims to evaluate the technical, political, and strategic feasibility of Space-Based Solar Power, paving the way for a potential full-scale development decision in 2025 to support clean energy on Earth.
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Target buyers of Europe 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 Europe space-based solar power market , including forecasts for subscribers. This continent databook contains high-level insights into Europe space-based solar power market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Europe space-based solar power market size, by country, 2018-2030 (US$M)
Europe Space-based Solar Power Market Outlook Share, 2024 & 2030 (US$M)
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