The Space DC-DC Converter Market is expected to grow from USD 37 million in 2022 to USD 66 million by 2027, with a CAGR of 12.4% during the forecast period, according to a new report. The growth of the market is attributed to the increasing number of satellite launches and the emergence of new power architectures, as well as the rise in investments by governments in space programs.
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DC-DC converters are essential components in the space industry, providing a stable DC supply to systems connected to the output. They are categorized into two types - isolated and non-isolated - and can be used as step-up, step-down, isolation, or current limiter DC-DC converters.
Advancements in the miniaturization of electronic components have also played a role in the growth of the space DC-DC converter market, enabling minisatellites to gather and communicate data more efficiently and at a lower cost. Companies such as Modular Devices Inc. offer various DC-DC converters for minisatellites.
In terms of form factor, the chassis mount segment is expected to be the largest, with better thermal efficiency and an input range of 4:1, making them ideal for harsh environments such as space.
The North American market is expected to contribute the largest share to the global space DC-DC converter market, driven by the presence of major players such as Vicor Corp., Texas Instruments, Crane Co., and Astronics, as well as investment in R&D of new and improved designs of space DC-DC converters.
Leading players in the space DC-DC converter market include Texas Instruments Inc., STMicroelectronics, Crane Co., Infineon Technologies AG, and Vicor Corporation. These companies have strong manufacturing and distribution networks across the world.
In conclusion, the space DC-DC converter market is expected to grow significantly in the coming years, driven by advancements in miniaturization and increasing investments in space programs. The report provides detailed insights and market analysis, offering a comprehensive overview of the space DC-DC converter market.
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