Global Space-Based Solar Power Market Size Study & Forecast, by Technology, Application, End Use, Deployment Type and Regional Forecasts 2025-2035

Global Space-Based Solar Power Market is valued at approximately USD 3.04 billion in 2024 and is anticipated to grow with an impressive CAGR of 15.48% over the forecast period 2025–2035. Space-based solar power (SBSP) has emerged as one of the most transformative and potentially inexhaustible sources of clean energy, offering the capability to harvest uninterrupted solar radiation beyond Earth's atmosphere and transmit it wirelessly to terrestrial receivers. With climate change escalating the urgency for net-zero energy infrastructures, global institutions—both public and private—are racing to capitalize on SBSP technologies. The convergence of aerospace innovation, wireless power transmission, and renewable energy policy is ushering in a new frontier of orbital solar stations that promise round-the-clock electricity delivery without dependence on terrestrial weather patterns or diurnal cycles.

This paradigm shift in power generation is being fueled by rapidly declining launch costs, miniaturization of energy transmission systems, and robust government funding for green energy transition programs. Moreover, SBSP is increasingly being viewed as a geopolitical lever, with nations seeking to fortify energy sovereignty and ensure long-term strategic autonomy. Advanced photovoltaic and thermal-based collectors, high-efficiency conversion devices, and phased array antennae are central to this evolution. However, the market faces several challenges including immense initial capital outlays, orbital debris risks, and international regulatory ambiguity. That said, hybrid SBSP systems and dual-use deployments for military, emergency, and rural electrification applications are unlocking new commercial pathways.

Regionally, North America leads the global charge with multiple high-profile SBSP initiatives backed by NASA, the Department of Energy, and defense contractors leveraging synergies in space tech and renewable integration. Europe follows closely, bolstered by the European Space Agency’s ambitious Solaris project and a growing push toward energy independence. Meanwhile, the Asia Pacific region is projected to witness the highest CAGR, driven by monumental investments in orbital solar missions by China and Japan. These nations are exploring SBSP not only for grid-scale supplementation but also for powering critical infrastructure in remote or disaster-prone areas, thereby augmenting resilience and sustainability.

Major market player included in this report are:
• Mitsubishi Electric Corporation
• Northrop Grumman Corporation
• Airbus Defence and Space
• Boeing Company
• Lockheed Martin Corporation
• Fraunhofer Institute
• Rocket Lab
• JAXA (Japan Aerospace Exploration Agency)
• NASA (National Aeronautics and Space Administration)
• Caltech Space Solar Power Project
• Solaren Corporation
• China Aerospace Science and Technology Corporation (CASC)
• Thales Alenia Space
• Emrod
• SpaceX

Global Space-Based Solar Power Market Report Scope:
• Historical Data – 2023, 2024
• Base Year for Estimation – 2024
• Forecast period – 2025–2035
• Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
• Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values for the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within the countries involved in the study. The report also provides detailed information about crucial aspects, such as driving factors and challenges, which will define the future growth of the market. Additionally, it incorporates potential opportunities in micro-markets for stakeholders to invest, along with a detailed analysis of the competitive landscape and product offerings of key players.

The detailed segments and sub-segments of the market are explained below:

By Technology:
• Photovoltaic Systems
• Thermal Systems
• Hybrid Systems

By Application:
• Satellite Power Generation
• Spacecraft Power Supply
• Terrestrial Power Supply

By End Use:
• Government
• Commercial
• Residential

By Deployment Type:
• Orbital Deployment
• In-Situ Deployment

By Region:

North America
• U.S.
• Canada

Europe
• UK
• Germany
• France
• Spain
• Italy
• Rest of Europe

Asia Pacific
• China
• India
• Japan
• Australia
• South Korea
• Rest of Asia Pacific

Latin America
• Brazil
• Mexico

Middle East & Africa
• UAE
• Saudi Arabia
• South Africa
• Rest of Middle East & Africa

Key Takeaways:
• Market Estimates & Forecast for 10 years from 2025 to 2035.
• Annualized revenues and regional level analysis for each market segment.
• Detailed analysis of geographical landscape with Country level analysis of major regions.
• Competitive landscape with information on major players in the market.
• Analysis of key business strategies and recommendations on future market approach.
• Analysis of competitive structure of the market.
• Demand side and supply side analysis of the market.

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