North America Space-based Solar Power Market Size & Outlook
Related Markets
North America space-based solar power market highlights
- The North America space-based solar power market generated a revenue of USD 271.0 million in 2024.
- The market is expected to grow at a CAGR of 7.3% 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, Canada is expected to register the highest CAGR from 2025 to 2030.
North America data book summary
| Market revenue in 2024 | USD 271.0 million |
| Market revenue in 2030 | USD 420.2 million |
| Growth rate | 7.3% (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, North America region accounted for 42.7% 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.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
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 |
North America 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 78.41% in 2024. Horizon Databook has segmented the North America 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.
North America space-based solar power market dominated the global industry and accounted for a 41.4% share in 2024. The North American market is driven by increasing demand for clean energy, substantial government investments, and rapid technological advancements.
Innovations in solar panel efficiency, power conversion, and wireless power transmission are enhancing the possibility and cost-effectiveness of SBSP systems. These developments position the region at the forefront of delivering sustainable energy solutions from space.
Reasons to subscribe to North America space-based solar power market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of North America space-based solar power market databook
-
Our clientele includes a mix of space-based solar power market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
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 North America space-based solar power market , including forecasts for subscribers. This continent databook contains high-level insights into North America space-based solar power market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
North America space-based solar power market size, by country, 2018-2030 (US$M)
North America Space-based Solar Power Market Outlook Share, 2024 & 2030 (US$M)
Related statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
