Report Overview
Definition: Space DC-DC Converters are power conversion devices designed for space applications, enabling DC voltage level conversion.
Key Requirements: Built to withstand high radiation, extreme temperatures, and demanding reliability standards.
Applications: Essential for satellites, spacecraft, and space-related systems.
Market Analysis
Market Value & Growth Rate : Valued at US$ 372 million in 2024, projected to reach US$ 559 million by 2031. Expected CAGR of 6.1% from 2025 to 2031.
Key Growth Drivers:
Food Packaging – Increasing demand for enhanced sealing and durability.
Adhesives – Growing use in strong bonding applications.
Construction Materials – Expanding role in protective coatings and durability.
Biomedical Applications – Rising adoption in medical adhesives and coatings.
Market Influences: COVID-19 Impact
Geopolitical Conflicts
