Space Battery Market Outlook - 2027

Space batteries are used on spacecraft as a means of power storage. In space, batteries withstand hot and cold conditions. Most batteries used in space can be recharged by solar cells which converts the sun's energy to electricity. 

Primary batteries contain all their usable energy when assembled and they can only be discharged. Secondary batteries can be re-charged from some other energy source, such as solar panels. They can also deliver power during periods when the space vehicle is out of direct sunlight.

Moreover, batteries generate electrical current from a chemical reaction. Batteries for vehicles orbiting the earth must resist the high ionizing radiation level above the shield of the earth's atmosphere. 

Market scope and structure analysis:

COVID-19 scenario analysis

• The global market for space batteries is severely impacted by the outbreak of the COVID-19 pandemic. 
• The COVID-19 pandemic saw a decline in the economic growth in almost all the major countries, thus affecting consumer spending patterns. 
• Owing to the lockdown implemented across various countries, national and international transport have been hampered, which has significantly impacted the supply chain of numerous industries across the globe, thereby increasing the supply–demand gap.
• Thus, insufficiency in raw material supply is expected to hamper the production rate of space batteries, which negatively impact the market growth.
• However, this situation is expected to improve as government has started relaxing norms around the world for resuming business activities.

Top impacting factors: market scenario analysis, trends, drivers, and impact analysis

Space exploration program are increasingly becoming backbone for most of the services used by human beings like tele-communication, education, healthcare and many more. Space launch program require energy to accomplish objective in fruitful manner, which is not possible without the use of space batteries. This is the biggest factor for Space battery market. 

Moreover, Batteries in space are used in various applications from earth orbiting spacecraft, launch vehicles, space shuttles, crew return vehicles, astronaut equipment, landers, rovers, and planetary spacecraft. Batteries are mainly used as electrical energy storage or as a source of power. 

In addition, Batteries are used for storing excess energy in the event of power system failure because they are a reliable source of backup. Batteries required for space applications withstand shock, vibration, and acceleration and is capable of operating in a hard vacuum. 

Furthermore, Batteries also provide maximum electrical energy in minimum volume and weight. Long active shelf life up to 10 years and 30,000 life cycles are the driver for Space battery market. Some planetary missions require as low as 80 °C radiation and resistance temperature.

However, Different battery systems are used and custom-designed to meet the requirements of a particular space mission as no single battery system can meet these requirements. This is the restraint factor for Space battery market.

Space battery market trends are as follows:

Uses of nickel–cadmium battery

Most batteries currently used in space flight are nickel-cadmium. They are also called NI-Cad. These batteries are charged by solar cells that convert the Sun's energy to electricity. But Ni-Cad batteries eventually wear out and aren't rechargeable. 

Space Technology 5's small-sat will use Lithium-ion, or Li-ion, batteries, which use chemicals to store energy. And each cell of a Li-ion battery is equipped with a control circuit to limit the voltage peaks during charge and to prevent the voltage from dropping too low on discharge. This control circuit also limits the maximum charge and discharge current. 

Saft is launching its new Tel.X-Plus battery, which is designed to support the space networks that are a key enabler for the continuous increase in speed of data communications. These high-speed networks are critical for the success of applications such as self-driving cars, IoT, artificial intelligence (AI), robots, drones and remote medicine.

The Tel.X-Plus design is based on the same DNA as Saft is highly reliable and long lasting Tel.X nickel battery. It has been developed to meet the growing trend for telecom systems that require batteries capable of faster discharge, as well as offering a small footprint and a longer life.

Key segments covered:

Key benefits of the report:

• This study presents the analytical depiction of the space battery market along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the space battery market share.
• The current market is quantitatively analyzed from 2020 to 2027 to highlight space battery market.
•  Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
• The report provides a detailed space battery market analysis depending on competitive intensity and how the competition will take shape in coming years.

Questions answered in space battery market report:

• Which are the leading players active in the space battery market?
• What are the current trends that will influence the market in the next few years?
• What are the driving factors, restraints, and opportunities of the market?
• What are the projections for the future that would help in taking further strategic steps?