Space-Based Solar Power Market: 13% CAGR During 2025-40, Led by North America, Says Mordor Intelligence [Yahoo! Finance]
Northrop Grumman Corporation (NOC)
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Source: Yahoo! Finance
Hyderabad , Oct. 09, 2025 (GLOBE NEWSWIRE) -- Hyderabad, October 2025 – According to Mordor Intelligence, the space-based solar power market is valued at USD 0.63 billion in 2025 and is projected to reach USD 4.19 billion by 2040, growing at a CAGR of 13.46% during the forecast period. The space-based solar power market is gaining traction as countries invest in large-scale renewable energy projects to meet carbon neutrality targets while addressing terrestrial grid limitations. Space-based solar power offers the potential for uninterrupted, 24/7 clean electricity generation by harvesting solar energy in orbit and transmitting it to Earth via microwave or laser technology. Government-backed initiatives, international collaborations, and private-sector R&D funding are accelerating feasibility studies and pilot projects. Major aerospace and energy firms are actively testing wireless power transmission and satellite deployment strategies, while defense agencies are exploring applicati
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News
- BNP Paribas Has a Positive Outlook on Northrop Grumman (NOC) [Yahoo! Finance]Yahoo! Finance
- Northrop Grumman Corporation (NOC) Anticipates Europe Growth Even After Ukraine, Russia Cease Hostilities [Yahoo! Finance]Yahoo! Finance
- Space Race With China Drives Antenna-Building Boom in Arctic [Yahoo! Finance Canada]Yahoo! Finance Canada
- Northrop Grumman (NYSE:NOC) was upgraded by analysts at BNP Paribas to a "strong-buy" rating.MarketBeat
- Northrop Grumman declares $2.31 dividend [Seeking Alpha]Seeking Alpha
NOC
Earnings
- 10/22/25 - Beat
NOC
Sec Filings
- 11/25/25 - Form 4
- 11/24/25 - Form 144
- 11/6/25 - Form 8-K
- NOC's page on the SEC website