Space-Based Solar Power Market to Reach USD 5.72 Billion by 2032, Says Stratview Research

Stratview Research

The global Space-Based Solar Power market involves harvesting solar energy in Earth orbit via satellites and transmitting it wirelessly to Earth as electricity. It is forecast to grow to USD 5.72 billion by 2032, expanding from USD 3.36 billion in 2025 at a CAGR of 7.9% during 2025-2032. This market growth is driven primarily by the rising global demand for reliable, renewable energy sources, as SBSP offers continuous power irrespective of weather or daylight. Demand is structurally increasing as industrial, defense, and national energy security priorities shift toward sustainable, uninterrupted energy generation.

Stratview Research, a global market research firm, has launched a report on the global market, which provides a comprehensive outlook of the global and regional industry forecast, current & emerging market trends, segment analysis, competitive landscape, & more. The report scope includes market size, forecast, trends, and competitive factors across key segments such as beam type, application type, end-use type, and region. It also provides strategic intelligence tailored to manufacturers, investors, and industry decision-makers.

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Market Statistics

• Market size: USD 3.36 billion in 2025

• Forecast value: USD 5.72 billion by 2032

• CAGR: 7.9% during 2025-2032

• Forecast period: 2025-2032

• Base year: 2024

• Total number of segments: 4

• Tables & figures: 100+

• Country-Level Market Assessment: 20

Market Segmentation

By Beam Type

• Microwave Power Transmission

• Laser Beam Power Transmission

By Application Type

• Terrestrial Type

• Space Type

By End-Use Type

• Government and Defense

• Commercial

• Other End-Users

By Region

• North America

• Europe

• Asia-Pacific

• Rest of the World

Segment Analysis

The Microwave Power Transmission segment is projected as dominant due to its versatility in supporting varied applications — from remote infrastructure to large industrial grids — enabling efficient wireless energy transfer that drives broader adoption across potential customers.

In application type, the Space segment is expected to command the largest share because space-borne energy collection and transmission align with core use cases of SBSP technology, facilitating continuous solar harvesting without terrestrial constraints.

For end-use, the Government and Defense segment will lead as substantial public funding, strategic initiatives, and energy security priorities elevate demand for reliable, sovereign power solutions that can support operations in remote or challenging environments.

Regional Insights

North America is the dominant and fastest-growing region, propelled by extensive SBSP applications tied to its robust space industry, strong defense and energy security initiatives, and concentrated investments in green energy infrastructure.

Market Drivers

• Growing global energy demand, increasing need for continuous, reliable power sources.

• Investment in sustainable and renewable energy technologies.

• Government and defense spending on energy security initiatives.

• Advances in wireless power transmission technologies.

• Strategic partnerships and funding for space exploration and energy programs.

Top Companies in the Market

• Airbus (Netherlands)

• Northrop Grumman

• OHB SE

• Boeing

• EMROD

• Thales Alenia Space

• Airborne

• AZUR SPACE Solar Power GmbH

• Fralock LLC

• Japan Aerospace Exploration Agency

FAQs

1.What is the forecast size of the Space-Based Solar Power market by 2032 ?

The global Space-Based Solar Power market is projected to reach USD 5.72 billion by 2032, growing at a CAGR of 7.9% from 2025 to 2032.

2.What is driving demand for space-based solar power technology ?

Demand is driven by increasing global energy consumption and the need for continuous, renewable power that overcomes terrestrial energy limitations.

3.Which market segment leads in beam type for SBSP ?

The Microwave Power Transmission segment is dominant due to its broad applicability and efficient wireless energy transfer capabilities.

4.Which end-use category holds the largest share in this market ?

The Government and Defense segment holds the largest share, reflecting public sector investment in energy security and mission-critical power needs.

5.Why is North America the leading regional market for SBSP ?

North America leads due to its advanced space infrastructure, strong investment in renewable technologies, and strategic defense initiatives that support SBSP development.

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Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.

It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.

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