Latest news with #MitsubishiElectric
Yahoo
3 days ago
- Business
- Yahoo
$1.59 Bn Market Thrives as Global OEMs and Regional Players Drive Innovation in Modular, Sustainable, and Cost-Efficient Systems
The Asia-Pacific space power supply market, valued at $981.89 million in 2024, is set to grow at a CAGR of 4.99%, reaching $1.59 billion by 2034. Key drivers include rising regional launch activities from China's Tianwen and India's Gaganyaan, and ASEAN small-sat constellations, alongside a growing demand for portable, dependable power solutions. Innovations such as AI-enabled MPPT controllers and Li-ion batteries reduce mass and boost durability. Major players like SHARP CORPORATION and Mitsubishi Electric lead a competitive landscape, bolstered by regional partnerships and investments in sustainable, cost-efficient technologies. Asia-Pacific Space Power Supply Market Dublin, July 28, 2025 (GLOBE NEWSWIRE) -- The "Asia-Pacific Space Power Supply Market: Focus on Application, Product, and Country Level Analysis - Analysis and Forecast, 2024-2034" report has been added to Asia-Pacific space power supply market was valued at $981.89 million in 2024 and is projected to grow at a CAGR of 4.99%, reaching $1.59 billion by 2034 The market for space power supplies in Asia-Pacific (APAC) is expanding quickly as regional space aspirations spread throughout the public and private sectors. The need for dependable, lightweight power solutions has never been greater because to significant projects like China's Chang'e and Tianwen lunar and interplanetary missions, India's Chandrayaan and Gaganyaan crewed spacecraft, and an approaching wave of small-satellite constellations from ASEAN countries. Advanced lithium-ion and solid-state batteries, modular deployable panels, AI-driven maximum power point tracking (MPPT) controllers, and high-efficiency multi-junction solar arrays are among the key technologies being developed to withstand the severe radiation, high temperatures, and constrained mass budgets typical of APAC launch profiles. High-efficiency solar arrays, sophisticated batteries, energy-storage modules, and power-management systems are just a few of the many products that are essential for satellites, launch vehicles, and orbital platforms that are included in the APAC space power supply market. Rising regional launch activity (from China's Tianwen and India's Gaganyaan programs to ASEAN small-sat constellations) and growing desire for portable, dependable power sources are driving growth. AI-enabled MPPT controllers, solid-state and Li-ion batteries, and multi-junction solar cells are among the innovations that are decreasing mass and increasing durability. Global OEMs like Airbus Australia and NEC Space coexist with up-and-coming regional vendors like China's Electronics Technology Group and ISRO's U R Rao Satellite Centre in a competitive market. Investments in modular, deployable systems and localised manufacturing are being driven by heightened focus on cost-efficiency, sustainability, and long-duration missions, guaranteeing that the APAC area stays at the forefront of next-generation space-power technologies. Partnerships between private industries, research institutions, and space agencies drive regional innovation. While Australia and Singapore provide incentives for space-tech businesses, countries such as South Korea and Japan are investing in their own domestic cell and battery factories. China Electronics Technology Group and ISRO's U R Rao Satellite Centre are two local vendors that compete with well-known international firms like Airbus Australia and NEC Space Systems. Limited access to certification facilities, export-control restrictions for speciality materials (such as Li-metal and GaAs), and fragmented regulatory standards are still obstacles. The APAC market is positioned to lead in next-generation, sustainable space power systems that enable longer flights, bigger payload capacities, and more economical satellite operations as infrastructure - such as thermal vacuum chambers, radiation testbeds, and launchpads - continues to ramp up. How can this report add value to an organization?Product/Innovation Strategy: The product segment helps the reader understand the different types of products available in APAC region. Moreover, the study provides the reader with a detailed understanding of the different space power supply products based on applications and Strategy: The APAC space power supply market has seen major development by key players operating in the market, such as business expansion, partnership, collaboration, and joint venture. The favored strategy for the companies has been synergistic activities to strengthen their position in the space power supply Strategy: Key players in the APAC space power supply market have been analyzed and profiled in the study of space power supply products. Moreover, a detailed competitive benchmarking of the players operating in the space power supply market has been done to help the reader understand how players stack against each other, presenting a clear market landscape. Additionally, comprehensive competitive strategies such as partnerships, agreements, and collaborations will aid the reader in understanding the untapped revenue pockets in the market. APAC Space Power Supply Market Trends, Drivers and Challenges Trends High-efficiency solar arrays: Adoption of multi-junction and thin-film solar cells boosts power density for small and medium satellites. Advanced energy storage: Next-gen Li-ion and emerging solid-state batteries extend mission lifetimes and support high-load maneuvers. Modular, deployable systems: Foldable panels and inflatable radiators enable larger power footprints on compact launch platforms. Smart power management: On-board MPPT controllers with AI-driven load balancing optimize generation, storage, and distribution. Standardization & miniaturization: Plug-and-play "power bricks" for CubeSats and standardized bus interfaces accelerate development cycles. Drivers Surge in small-sat and mega-constellation launches: Commercial broadband, Earth-observation, and IoT connectivity spur demand for scalable power solutions. Government space initiatives: China's Chang'e lunar program, India's Gaganyaan ambitions, and ASEAN collaboration on small-sat projects fund R&D and procurement. Defense modernization: Regional navies and air forces integrate satellites for surveillance and communications, prioritizing reliable, long-endurance power systems. Cost-pressure on launch services: Need for lighter, more compact power units to fit within rideshare payload constraints drives innovation. Local manufacturing incentives: APAC policies supporting domestic space-tech fabs encourage regional suppliers of cells, batteries, and power electronics. Challenges Harsh space environment: Radiation-induced degradation and thermal cycling demand rigorous testing, raising design and qualification costs. Supply-chain vulnerabilities: Dependence on specialty raw materials (GaAs, Li-metal) and tight export controls can bottleneck production. High entry-barriers: Significant capital and technical expertise required for space-grade certification limit new entrants. Longevity vs. mass trade-offs: Balancing higher energy density against weight constraints remains a key engineering compromise. Regulatory fragmentation: Divergent standards and approval processes across APAC countries complicate cross-border component sales and integration. Key Attributes: Report Attribute Details No. of Pages 80 Forecast Period 2024 - 2034 Estimated Market Value (USD) in 2024 $981.89 Million Forecasted Market Value (USD) by 2034 $1597.28 Million Compound Annual Growth Rate 4.9% Regions Covered Asia Pacific Market Dynamics Overview Market Drivers Growing Satellite Deployments and Mega-Constellations (e.g., Starlink, Amazon Kuiper) Rising Investments in Space-Based Solar Power Systems (SBSP) Increased Demand for LEO, GEO, and MEO Satellites Market Restraints High Production Costs of Solar Power Systems for Space Durability and Reliability of Solar Cells in Harsh Space Environments Regulatory and Compliance Challenges for Solar-Based Power Systems Market Opportunities Impact of Mega-Constellations on Solar Cell Demand Expansion of CubeSats and Small Satellites Market and Their Power Needs Growing Role of Solar Power in Deep Space Exploration Missions Strategic Collaborations Between Governments and Private Space Companies Current and Future Trends Impact Assessment Advancements in Multi-Junction Solar Cells for Space Applications Innovations in Multi-Junction Silicon Solar Cells for Space Applications Development of Thin-Film and Flexible Solar Cells for Satellites Efficiency Improvements and Power Density Advancements in Solar Panels Innovations in Space-Based Solar Power (SBSP) Systems for Long-duration Missions Regulatory Landscape and Industry Initiatives Impact of Mega-Constellations on Solar Power Demand and Comparison with Traditional Satellite Deployments Competitive Benchmarking & Company Profiles Next Frontiers Geographic Assessment Key Space Power Supply Programs Key Technology Preferences for Space Power Supply Programs Prime Contractor Landscape for Space Power Supply Market Company Profiles Overview Top Products/Product Portfolio Top Competitors Target Customers Key Personnel Analyst View Market Share, 2023 Key Market Players Sharp Corporation Shanghai Institute of Space Power-Sources Mitsubishi Electric Corporation Bharat Electronics Limited (BEL) Market Segmentation Application Satellites Space Exploration and Deep-Space Missions Land Rover Orbiter Space Stations and Habitats Launch Vehicles Small and Medium-Lift Launch Vehicles Heavy and Super Heavy-Lift Launch Vehicles Satellite Orbit Low Earth Orbit (LEO) Satellites Geostationary Earth Orbit (GEO) Satellites Medium Earth Orbit (MEO) Satellites Beyond Earth Orbit Satellites Satellite Type Small Satellites (CubeSats, NanoSats) (1-10 kW) Medium Satellites (10-15 kW) Large Satellites (Above 15 kW) Component Type Solar Power Systems Solar Cells Solar Array/Panel Battery Systems Power Management and Distribution (PMAD) Systems Country China Japan India Rest-of-Asia-Pacific For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment Asia-Pacific Space Power Supply Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Sign in to access your portfolio
Yahoo
3 days ago
- Automotive
- Yahoo
Mitsubishi Electric to Transfer Shares of Insurance Subsidiary to Marsh Japan
TOKYO, July 28, 2025--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO: 6503) announced today that it has concluded a share transfer agreement under which it will transfer shares of its Tokyo-based subsidiary Mitsubishi Electric Insurance Service Co., Ltd. to Marsh Japan, Inc. on November 4. Since its establishment in 1999 as an insurance agency for the Mitsubishi Electric Group, Mitsubishi Electric Insurance Service has supported the growth of companies and the life plans of individuals. Marsh Japan, which provides services and solutions to companies of all sizes across Japan, was founded in 1955 as a Japanese subsidiary of Marsh LLC, a world-leading insurance broker and risk advisor owned by Marsh McLennan (NYSE: MMC). Mitsubishi Electric has been assessing the significance of the insurance business in its portfolio, aiming to further strengthen the company's overall business structure. Considering the evolving business environment for insurance agencies in Japan, Mitsubishi Electric determined having Mitsubishi Electric Insurance Service teamed up with Marsh Japan would best position the company for long-term growth supported by Marsh LLC's global insurance expertise. The impact of the transaction on Mitsubishi Electric's consolidated financial results is not included in its financial forecast for the fiscal year ending March 2026, announced on April 28, 2025, but it is expected to be minor. If there is any significant change, updates will be announced promptly as required. For the full text, please visit: View source version on Contacts Customer Inquiries Human Resources and General Affairs DivisionCorporate Human Resources GroupMitsubishi Electric Media Inquiries Takeyoshi KomatsuPublic Relations DivisionMitsubishi Electric CorporationTel: +
Business Wire
3 days ago
- Automotive
- Business Wire
Mitsubishi Electric to Transfer Shares of Insurance Subsidiary to Marsh Japan
TOKYO--(BUSINESS WIRE)-- Mitsubishi Electric Corporation (TOKYO: 6503) announced today that it has concluded a share transfer agreement under which it will transfer shares of its Tokyo-based subsidiary Mitsubishi Electric Insurance Service Co., Ltd. to Marsh Japan, Inc. on November 4. Since its establishment in 1999 as an insurance agency for the Mitsubishi Electric Group, Mitsubishi Electric Insurance Service has supported the growth of companies and the life plans of individuals. Marsh Japan, which provides services and solutions to companies of all sizes across Japan, was founded in 1955 as a Japanese subsidiary of Marsh LLC, a world-leading insurance broker and risk advisor owned by Marsh McLennan (NYSE: MMC). Mitsubishi Electric has been assessing the significance of the insurance business in its portfolio, aiming to further strengthen the company's overall business structure. Considering the evolving business environment for insurance agencies in Japan, Mitsubishi Electric determined having Mitsubishi Electric Insurance Service teamed up with Marsh Japan would best position the company for long-term growth supported by Marsh LLC's global insurance expertise. The impact of the transaction on Mitsubishi Electric's consolidated financial results is not included in its financial forecast for the fiscal year ending March 2026, announced on April 28, 2025, but it is expected to be minor. If there is any significant change, updates will be announced promptly as required.
Globe and Mail
17-07-2025
- Business
- Globe and Mail
Lattice and Mitsubishi Electric Collaborate to Deliver Next-Gen Industrial Automation Experiences
Lattice Semiconductor (NASDAQ: LSCC), the low power programmable leader, today announced its low power Lattice CertusPro™-NX FPGAs now enable Mitsubishi Electric 's Computerized Numerical Controller (CNC) solutions to bring power efficient and reliable factory automation experiences. This collaboration was announced at the Lattice APAC Tech Summit in Tokyo, where Mitsubishi Electric participated as a guest keynote speaker. Hosted today, Lattice APAC Tech Summit showcased the company's latest low power FPGA technology with industry leaders including Mitsubishi Electric, Desay, Furukawa AS, Glory LTD, LIPS, and NXP alongside more than 150 customers and partners in the APAC region. Mitsubishi Electric's industry-leading CNC solutions leverage the cutting-edge interface bridging capabilities of Lattice CertusPro-NX FPGAs to create high accuracy, adaptability, and efficient real-time processing. These features are ideal for a variety of Industrial applications, including machine building, Automotive, and electronics. "We are excited to collaborate with Mitsubishi Electric to enhance their CNC solutions and provide improved precision and efficiency in their manufacturing processes,' said Takahiro Mitsuya, VP of Japan Sales, Lattice Semiconductor. 'Together, we are delivering advanced factory automation experiences with our FPGA solutions that offer class-leading power efficiency, system bandwidth, reliability, and smallest-in-class form factor, helping manufacturers stay competitive in a rapidly evolving industry." "By integrating Lattice's innovative low power FPGA technology, known for its high-speed processing and real-time feedback capabilities, with Mitsubishi Electric's robust CNC systems, we are poised to deliver unparalleled performance and reliability to our customers, driving the future of smart manufacturing," said Yutatsu Kanemoto, Sr. Manager of NC Hardware System Section, Mitsubishi Electric Corporation. For more information on the technology mentioned, please visit: Lattice CertusPro-NX FPGAs About Lattice Semiconductor Lattice Semiconductor (NASDAQ: LSCC) is the low power programmable leader. We solve customer problems across the network, from the Edge to the Cloud, in the growing Communications, Computing, Industrial, Automotive, and Consumer markets. Our technology, long-standing relationships, and commitment to world-class support let our customers quickly and easily unleash their innovation to create a smart, secure, and connected world. For more information about Lattice, please visit You can also follow us via LinkedIn, X, Facebook, YouTube, WeChat, or Weibo. Lattice Semiconductor Corporation, Lattice Semiconductor (& design), and specific product designations are either registered trademarks or trademarks of Lattice Semiconductor Corporation or its subsidiaries in the United States and/or other countries. The use of the word 'partner' does not imply a legal partnership between Lattice and any other entity.
Business Wire
17-07-2025
- Business
- Business Wire
Lattice and Mitsubishi Electric Collaborate to Deliver Next-Gen Industrial Automation Experiences
HILLSBORO, Ore.--(BUSINESS WIRE)-- Lattice Semiconductor (NASDAQ: LSCC), the low power programmable leader, today announced its low power Lattice CertusPro™-NX FPGAs now enable Mitsubishi Electric 's Computerized Numerical Controller (CNC) solutions to bring power efficient and reliable factory automation experiences. This collaboration was announced at the Lattice APAC Tech Summit in Tokyo, where Mitsubishi Electric participated as a guest keynote speaker. Hosted today, Lattice APAC Tech Summit showcased the company's latest low power FPGA technology with industry leaders including Mitsubishi Electric, Desay, Furukawa AS, Glory LTD, LIPS, and NXP alongside more than 150 customers and partners in the APAC region. Mitsubishi Electric's industry-leading CNC solutions leverage the cutting-edge interface bridging capabilities of Lattice CertusPro-NX FPGAs to create high accuracy, adaptability, and efficient real-time processing. These features are ideal for a variety of Industrial applications, including machine building, Automotive, and electronics. "We are excited to collaborate with Mitsubishi Electric to enhance their CNC solutions and provide improved precision and efficiency in their manufacturing processes,' said Takahiro Mitsuya, VP of Japan Sales, Lattice Semiconductor. 'Together, we are delivering advanced factory automation experiences with our FPGA solutions that offer class-leading power efficiency, system bandwidth, reliability, and smallest-in-class form factor, helping manufacturers stay competitive in a rapidly evolving industry." "By integrating Lattice's innovative low power FPGA technology, known for its high-speed processing and real-time feedback capabilities, with Mitsubishi Electric's robust CNC systems, we are poised to deliver unparalleled performance and reliability to our customers, driving the future of smart manufacturing," said Yutatsu Kanemoto, Sr. Manager of NC Hardware System Section, Mitsubishi Electric Corporation. For more information on the technology mentioned, please visit: Lattice CertusPro-NX FPGAs About Lattice Semiconductor Lattice Semiconductor (NASDAQ: LSCC) is the low power programmable leader. We solve customer problems across the network, from the Edge to the Cloud, in the growing Communications, Computing, Industrial, Automotive, and Consumer markets. Our technology, long-standing relationships, and commitment to world-class support let our customers quickly and easily unleash their innovation to create a smart, secure, and connected world. For more information about Lattice, please visit You can also follow us via LinkedIn, X, Facebook, YouTube, WeChat, or Weibo. Lattice Semiconductor Corporation, Lattice Semiconductor (& design), and specific product designations are either registered trademarks or trademarks of Lattice Semiconductor Corporation or its subsidiaries in the United States and/or other countries. The use of the word 'partner' does not imply a legal partnership between Lattice and any other entity. GENERAL NOTICE: Other product names used in this publication are for identification purposes only and may be trademarks of their respective holders.
