According to a recent market study published by Growth Market Reports, titled, “Space-Qualified Cover Glass Market by type, by application, and by Region: Size, Share, Trends and Opportunity Analysis, 2016-2031”, the market was valued at US$ 111.86 Million in 2022 and is anticipated to grow at a growth rate of 9.8% by the year 2031.

Glass designed used in the space industry in satellites and spacecrafts are called as space-qualified cover glass. This glass is required to meet the stringent requirements of the space industry. This glass is particularly designed and produced for use in satellite communication systems and other space missions. Space-Qualified cover glass protects fragile instruments and components from space's harsh elements, including as radiation, temperature fluctuations, and collisions. This glass is produced by formulated ceria-doped glass types, that are resistant to radiation damage, whereas some manufacturers develop the cover glass with fused silica. The form of the underlying solar cell and the space-qualified cover glass are identical. However, they are little oversized to protect against grazing angle proton ingress to the cell.

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The Space-Qualified Cover Glass market has been fragmented based on by type, by application, and by region. By type, the Space-Qualified Cover Glass market is categorized as CMX, CMO and CMG. On basis of applications, the Space-Qualified Cover Glass market is categorized into solar panel, optical systems, sensors, and others. based on the region, market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.

Key factors that are anticipated to fuel the demand for Space-Qualified Cover Glass market during the forecast period are Increasing Demand from the space Industry. The factors that impact the Space-Qualified Cover Glass Rise in the Number of Space Launches, Increased Private Sector Investment, Usage of PV Cells in Spacecrafts, Usage of PV Cells in Spacecrafts. The importance of space mission is increasing, due to which several satellite manufacturers are focusing on the production of essential cover glasses.

The outbreak of Coronavirus disease in 2019 (COVID-19) restrained the global economy, created global interdependence, and challenged the governments of various nations. Space-Qualified Cover Glass manufacturers faced operational challenges, due to lockdowns, social distancing, and workforce disruptions. These factors have reduced production output. The outbreak of COVID-19 is an unsurpassed public health emergency that affected almost every industry. The long-term effects of the pandemic are expected to hamper various industries during the forecast period, especially across the US and countries across Eastern Europe, the European Union, and Eastern & Central Asia. The pandemic disrupted the global supply chain of production and distribution of Space-Qualified Cover Glass. Manufacturing facilities and raw material suppliers have faced temporary closures, labor shortages, and transportation challenges that delayed the production and delivery of Space-Qualified Cover Glass. The closures of end-use space industries.

As per growth market reports industry analyst Partha Paul, “The growth of the Space-Qualified Cover Glass Market is attributed to Increasing Demand from the space Industry. Enormous growth in the global space sector in the recent years attracted new players and investment. According to a prominent space NGO, the global space economy expanded by 8% to $546 billion in 2022 and is expected to increase by 41% over the next five years. As a result, several businesses are drawn to investing in space. Space Capital found that investments in the space economy increased by 17% year over year in Q3 of 2022, with a total of $3.0 billion spread across 103 enterprises. In the past ten years, 1,796 distinct space enterprises have received investments totaling $283.9 billion. This rise in investment activities makes it possible for the development of innovative spacecraft components, such as space-qualified cover glass that meet the harsh conditions of space. In recent years, many researchers have focused on the development of innovative technologies that are used in space-qualified cover glass. This, in turn, boosts the demand for space-qualified cover glass.

The space industry has been a powerful pitch for innovation for several businesses from big telecoms and governments and more recently from several private businesses. It plays a significant role for various purposes, including worldwide videoconferencing, rapid credit card transaction authorization, inventory tracking at remote sites, and many others. As a result, the number of space launches is increasing to facilitate numerous innovations. These space launches led to the development of technologies, such as GPS, weather forecasting, solar cells, UV filters, and others. Similarly, space missions assist in space-based solar power utilization. Solar energy in space is captured using solar panels that assist in increasing the availability of renewable energy and reduce reliance on other sources. The importance of space missions is increasing. Hence, several component manufacturers are focusing on producing spacecraft components, such as cover glass for spacecraft solar cells. Hence, the rise in the number of space launches is driving the space-qualified cover glass market.

A supply chain is a network of companies, suppliers, manufacturers, and distributors that are involved in the creation and sale of a product to the final buyers. This network includes different activities, information, entities, people, and resources. The Space-Qualified Cover Glass is manufactured using fused silica, and lead glass.

Key Takeaways from the Study:

  • The players in the Space-Qualified Cover Glass market include Coresix Precision Glass, Excelitas Technologies Corp., SCHOTT and others held a major market share of the Space-Qualified Cover Glass market in the

  • Based on application, the market is categorized as solar panel, optical system, sensors segment and others. The solar panel segment is projected to expand exponentially during the forecast period. Space-based solar panels are gaining significant traction, due to advancements in space technology and increasing demand for renewable energy. High demand for space-based solar panels is attributed to the rise in investment of sustainable power generation, which further boosts the demand for cover glass for protection.

  • The sensors segment held a market value of USD 22.35 Million in 2022. Investment and competition in space exploration is rising, which is boosting the demand for these cover glasses for instruments such as sensors. Scientific instruments such as telescopes and spectrometers play an important role in space activities, which boosts the demand for space-qualified cover glass.

  • Based on type, the Space-Qualified Cover Glass market is segmented as CMX, CMG and, CMO. The CMX and CMG segments significant market share in 2022. The market for CMX space-qualified cover glasses segment is expected to remain strong in glass covering, due to its cost effectiveness, reliability, and withstand radiations without degrading or losing its optical clarity. Moreover, CMX cover glass offered by manufacturers are mostly readily available type of space-qualified cover glasses, which boost this segment.

  • In terms of regions, the global Space-Qualified Cover Glass markets are divided into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. North America held significant share of the market in 2022, due to their advantages, including increased signal strength, communication, and data transfer. This factor boosts the manufacture of satellites and other scientific instruments used in the space industry. These satellites utilize the cover glass made from cerium for protection from debris and other space environment hazards. Therefore, increasing production and launches of satellites propels the demand for cover glass in this region.

Report Scope:

Report Metric

Details

Market Value in 2022

US$ 111.86 Million

Market Growth Rate (from 2023 to 2031)

 9.8%

Historical Data

2016 – 2021

Base Year

2022

Forecast Period

2023 – 2031

Units Considered

Value (US$ Million)

Market Segments

By type (CMX, CMG and CMO), By Applications (Solar Panel, Optical Systems, Sensors, Others), By Region (North America, Asia Pacific, Europe, Latin America, and Middle East & Africa)

Key Companies Profiled

Coresix Precision Glass, Excelitas Technologies Corp., SCHOTT

Customization Scope

Report customization available on request

Pricing and Purchase Options

Avail of tailor-made purchase options to meet your research requirements.

Target Audience:

  • Supply-side: Manufacturer and distributors.

  • Demand Side: Space Industry

  • Regulatory Side: Concerned government authorities, and other approval regulatory bodies.