The global market is projected to reach USD 1.44 billion by 2031, growing at a CAGR of 11.2% from 2024 to 2031.
The global market was valued at USD 0.69 billion in 2024.
Supportive national and global policies are helping push space-based energy forward. These efforts are creating a strong market outlook for SBSP.
Key players in the market are SpaceX, Boeing, Mitsubishi Electric, Japan Aerospace Exploration Agency (JAXA), Lockheed Martin, Northrop Grumman, Panasonic, Blue Origin, and Others.
