The satellite solar cell materials market is expanding driven by the rising demand for satellites in various applications like scientific research, communication, and navigation. Solar cells play a crucial role in providing power to these satellites in the harsh space environment. Increased satellite deployment by governments, businesses, and academic institutions is fueling the demand for solar cell materials that are durable, lightweight, efficient, and radiation-resistant. For example, CESI and the Italian Space Agency (ASI) signed a significant agreement in August 2023, valued at over 13 million euros, to support the Space Factory project, aiming to enhance Italy’s capabilities in the space sector.

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