Global space-based solar power market value 2021-2031, by application
The global space-based solar power market size reached roughly 524 million U.S. dollars in 2023 and is expected to surpass one billion U.S. dollars by 2031. Electricity generation is expected to account for the largest share of the market, with roughly 80 percent of the market value in that last year. Space-based solar explores the possibility of collecting solar power through solar panels installed on space satellites.
More information about the global space-based solar market can be found here.