Space DC-DC converter market to have CAGR of 4.7 percent by 2020
NewsMay 31, 2016
VANCOUVER, Washington. Analysts at Markets and Markets say the DC-DC converter market for space should grow from $213.2 million in 2015 to $268.2 million by 2020, at a compound annual growth rate (CAGR) of 4.70 percent by 2020.
The analysis is from their report titled "DC-DC Converter Market for Space by Application (Surveillance, Communication, Navigation, Scientific Research, Remote Sensing), Output Voltage (<3.3, 5, 12, 15 VDC), Output Power (100 W), and Geography - Global Forecast to 2020." T
This growth is mostly due to the increase in the number of satellite constellations worldwide, emergence of new power architectures and digital power management and control, Markets and Markets analysts say. The demand for cost effective and high performance power system is also a major factor driving the growth of DC-DC converters for the space.
Communication application segment to dominate the DC-DC converters market for space
The rise in the paid TV market and need for communication satellites across the globe have propelled the demand for efficient space DC-DC power modules and this segment should dominate the market during the forecast period, analysts say.
Meanwhile, the highest CAGR during the forecast period will come from output voltage segment. The 3.3 VDC is projected to grow at a comparatively higher CAGR during the forecast period due to innovation in the field of digital power management and control, which was introduced by market players to support the power systems of newly launched satellites and spacecraft.
Regionally the Asia-Pacific region is expected to grow at a higher CAGR in the DC-DC converters market for space due to the emergence of rising paid TV market. This market is growing at a faster rate in the Asia-Pacific region due to growing demand for paid TV channels and will increase the number of satellite launches in the region, which will drive the space DC-DC converters market as power devices are essential equipment to keep the satellite operational in the space.
The top players operating in the DC-DC converters market for space are Crane Aerospace and Electronics; Infineon Technologies Inc.; Microsemi Corp.; Vicor Corp.; Synqor; and Modular Devices Inc., Markets and Markets analysts say.
The report segments and analyzes the DC-DC converters market for space on the basis of application (remote sensing, surveillance, communication, navigation, and scientific research), output power (100W) and output voltage (3.3 VDC, 5 VDC, 12 VDC, 15 VDC and others) and maps these segments and subsegments across four major regions, namely, North America, Europe, Asia-Pacific, and the rest of world (RoW).
For more information, visit http://www.marketsandmarkets.com/Market-Reports/dc-dc-converter-market-159918662.html.
