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Asia-Pacific Satellite Bus Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2029

The Asia-Pacific Satellite Bus Market is segmented by Application (Communication, Earth Observation, Navigation, Space Observation, Others), by Satellite Mass (10-100kg, 100-500kg, 500-1000kg, Below 10 Kg, above 1000kg), by Orbit Class (GEO, LEO, MEO) and by End User (Commercial, Military & Government). Market Value in USD is presented. Key Data Points observed include spending on space programs in USD by region; and, the count of satellite launches by satellite launch mass.

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Asia-Pacific Satellite Bus Market Size

Asia-Pacific Satellite Bus Market Summary
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svg icon Study Period 2017 - 2029
svg icon Market Size (2024) USD 4.72 Billion
svg icon Market Size (2029) USD 11.63 Billion
svg icon Largest Share by Orbit Class LEO
svg icon CAGR (2024 - 2029) 19.76 %
svg icon Largest Share by Country South Korea
svg icon Market Concentration High

Major Players
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*Disclaimer: Major Players sorted in alphabetical order.

Key Players

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Asia-Pacific Satellite Bus Market Analysis

The Asia-Pacific Satellite Bus Market size is estimated at USD 4.72 billion in 2024, and is expected to reach USD 11.63 billion by 2029, growing at a CAGR of 19.76% during the forecast period (2024-2029).

4.72 Billion

Market Size in 2024 (USD)

11.63 Billion

Market Size in 2029 (USD)

29.16 %

CAGR (2017-2023)

19.76 %

CAGR (2024-2029)

Largest Market by Satellite Mass

65.83 %

value share, 100-500kg, 2022

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Minisatellites with expanded capacity for enterprise data (retail and banking), oil, gas, and mining, and governments in developed countries pose high demand. The demand for minisatellites with a LEO is increasing due to their expanded capacity.

Largest Market by Application

78.69 %

value share, Communication, 2022

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Governments, space agencies, defense agencies, private defense contractors, and private space industry players are emphasizing the enhancement of the communication network capabilities for various public and military reconnaissance applications.

Largest Market by Orbit Class

72.49 %

value share, LEO, 2022

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LEO satellites are increasingly being adopted in modern communication technologies. These satellites serve an important role in Earth observation applications.

Largest Market by End User

69.05 %

value share, Commercial, 2022

The commercial segment is expected to occupy a significant share because of the increasing use of satellites for various telecommunication services.

Leading Market Player

24 %

market share, Lockheed Martin Corporation, 2022

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Lockheed Martin is the leading player in the Asia-Pacific satellite bus market. It has a strong product portfolio and it's customers include civil and military customers. This has facilitated the company in capturing the highest share of the market.

Satellites that are being launched into LEO is driving the market demand

  • The Asia-Pacific region has seen a significant increase in the demand for satellite buses to accommodate a wide range of satellite orbits. This demand has been driven by the growing need for satellite-based communication, navigation, and remote sensing services. Earth observation satellites have become increasingly popular for a wide range of applications. The demand for LEO satellites has been particularly strong in China, where companies such as Spacety and Chang Guang Satellite Technology Co. Ltd. offer satellite buses for LEO missions. China has been active in this region with the launch of the Gaofen series satellites. Between 2017 and 2022, approximately 379 satellites were launched into LEO.
  • GEO satellites are particularly important for communication and broadcasting services, such as television and the Internet. The demand for GEO satellites has been particularly strong in India, where companies such as ISRO and Antrix Corporation Ltd have been developing advanced satellite buses for communication missions. China has also been investing heavily in GEO satellites, with the launch of the Zhongxing series of communication satellites. Between 2017 and 2022, approximately 66 satellites were launched into GEO.
  • MEO satellites, such as GPS and Galileo, have become increasingly important for global navigation and positioning services. Japan has been a leader in Asia-Pacific, with the launch of the Michibiki series of MEO navigation satellites. China has also been investing in MEO satellites with the launch of the Beidou navigation system. Between 2017 and 2022, approximately 24 satellites were launched into MEO. The overall market is expected to grow by 20.72% during 2023-2029.
Asia-Pacific Satellite Bus Market

Asia-Pacific Satellite Bus Market Trends

The trend of using better fuel and operational efficiency has been witnessed in the region

  • Increased demand for satellites from the civil/government, commercial, and military segments has been witnessed in recent years. Countries like China, India, and Japan have adequate capabilities in the area of satellite bus manufacturing. However, along with the growing shift toward manufacturing smaller satellites, the manufacturing base of satellite buses is expected to expand to various countries across the world. The mass of a satellite has a significant impact on the launch of the satellite. This is because the heavier the satellite, the more fuel and energy are required to launch it into space.
  • In 2019, Thales Alenia Space was selected by Indonesia to design and assemble a powerful telecommunication satellite for the Indonesian consortium PSN. The launch was scheduled for the end of 2022. The satellite will be based on the full electric platform Spacebus Neo. A heavier satellite requires a larger rocket and more fuel to launch it into space, thus increasing the cost of the launch and limiting the types of launch vehicles that can be used.
  • The primary classification types according to mass are large satellites that are more than 1,000 kg. During 2017-2022, around 75+ large satellites launched were owned by Asia-Pacific organizations. A medium-sized satellite has a mass between 500 and 1000 kg. More than 65+ satellites launched were operated by Asia-Pacific organizations. Similarly, satellites weighing less than 500 kg are considered small satellites, and around 200+ small satellites were launched in the region.
Asia-Pacific Satellite Bus Market

The increasing space expenditures of different space agencies are expected to positively impact the satellite industry

  • The development of constellations or networks of small satellites working together to provide a collective service is an emerging trend. These constellations often consist of dozens or even hundreds of small satellites that communicate with each other to achieve mission goals. Distributed satellite networks provide improved coverage, redundancy, and flexibility compared to traditional large satellites. The growing utilization of commercial satellite platforms for dual (military and civil) purposes has boosted the market. Satellite communications are envisioned to be an essential part of the 5G infrastructure. The satellite transport conduit is being integrated into the overall communication map to provide seamless connectivity. This will result in new opportunities for extending satellite services in urban and rural areas.
  • Considering the increase in space-related activities in Asia-Pacific, satellite manufacturers are enhancing their satellite production capabilities to tap into the rapidly emerging market potentials. The prominent countries in Asia-Pacific that pose a robust space infrastructure are China, India, Japan, and South Korea. China National Space Administration (CNSA) announced space exploration priorities for the 2021-2025 period, including enhancing national civil space infrastructure and ground facilities. As a part of this plan, the Chinese government established China Satellite Network Group Co. Ltd for the development of a 13,000-satellite constellation for satellite internet.
Asia-Pacific Satellite Bus Market

OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT

  • The increased importance of satellite miniaturization has aided the growth of the market

Asia-Pacific Satellite Bus Industry Overview

The Asia-Pacific Satellite Bus Market is fairly consolidated, with the top five companies occupying 71%. The major players in this market are Airbus SE, Honeywell International Inc., Lockheed Martin Corporation, Northrop Grumman Corporation and Thales (sorted alphabetically).

Asia-Pacific Satellite Bus Market Leaders

  1. Airbus SE

  2. Honeywell International Inc.

  3. Lockheed Martin Corporation

  4. Northrop Grumman Corporation

  5. Thales

Asia-Pacific Satellite Bus Market Concentration

Other important companies include Ball Corporation, Indian Space Research Organisation (ISRO), Nano Avionics, NEC.

*Disclaimer: Major Players sorted in alphabetical order.

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Asia-Pacific Satellite Bus Market News

  • October 2020: NanoAvionics expanded its presence in the United Kingdom by beginning operations at its new facility in Basingstoke for satellite assembly, integration, and testing (AIT), as well as sales, technical support, and R&D activities.
  • July 2020: Thales Alenia Space signed a contract with SES to build SES-22 and SES-23, geostationary communications satellites. SES-22 and SES-23 are based on the proven Spacebus 4000 B2 platform and are 3.5-ton class satellites. These satellites are the 11th and 12th satellites based on the Spacebus 4000 B2 platform to be built by Thales Alenia Space.
  • June 2020: NanoAvionics received a contract from Thales Alenia Space to build the initial two satellite buses for the satellite-based Internet of Things (IoT) infrastructure of Omnispace. The company will develop satellites based on M12P satellite buses for IoT and machine-to-machine (M2M) communications.

Free with this Report

We offer a comprehensive set of global and local metrics that illustrate the fundamentals of the satellites industry. Clients can access in-depth market analysis of various satellites and launch vehicles through granular level segmental information supported by a repository of market data, trends, and expert analysis. Data and analysis on satellite launches, satellite mass, application of satellites, spending on space programs, propulsion systems, end users, etc., are available in the form of comprehensive reports as well as excel based data worksheets.

Asia-Pacific Satellite Bus Market
Asia-Pacific Satellite Bus Market
Asia-Pacific Satellite Bus Market
Asia-Pacific Satellite Bus Market

Asia-Pacific Satellite Bus Market Report - Table of Contents

  1. EXECUTIVE SUMMARY & KEY FINDINGS

  2. REPORT OFFERS

  3. 1. INTRODUCTION

    1. 1.1. Study Assumptions & Market Definition

    2. 1.2. Scope of the Study

    3. 1.3. Research Methodology

  4. 2. KEY INDUSTRY TRENDS

    1. 2.1. Satellite Miniaturization

    2. 2.2. Satellite Mass

    3. 2.3. Spending On Space Programs

    4. 2.4. Regulatory Framework

      1. 2.4.1. Australia

      2. 2.4.2. Japan

      3. 2.4.3. Singapore

    5. 2.5. Value Chain & Distribution Channel Analysis

  5. 3. MARKET SEGMENTATION (includes market size in Value in USD, Forecasts up to 2029 and analysis of growth prospects)

    1. 3.1. Application

      1. 3.1.1. Communication

      2. 3.1.2. Earth Observation

      3. 3.1.3. Navigation

      4. 3.1.4. Space Observation

      5. 3.1.5. Others

    2. 3.2. Satellite Mass

      1. 3.2.1. 10-100kg

      2. 3.2.2. 100-500kg

      3. 3.2.3. 500-1000kg

      4. 3.2.4. Below 10 Kg

      5. 3.2.5. above 1000kg

    3. 3.3. Orbit Class

      1. 3.3.1. GEO

      2. 3.3.2. LEO

      3. 3.3.3. MEO

    4. 3.4. End User

      1. 3.4.1. Commercial

      2. 3.4.2. Military & Government

      3. 3.4.3. Other

  6. 4. COMPETITIVE LANDSCAPE

    1. 4.1. Key Strategic Moves

    2. 4.2. Market Share Analysis

    3. 4.3. Company Landscape

    4. 4.4. Company Profiles (includes Global Level Overview, Market Level Overview, Core Business Segments, Financials, Headcount, Key Information, Market Rank, Market Share, Products and Services, and Analysis of Recent Developments).

      1. 4.4.1. Airbus SE

      2. 4.4.2. Ball Corporation

      3. 4.4.3. Honeywell International Inc.

      4. 4.4.4. Indian Space Research Organisation (ISRO)

      5. 4.4.5. Lockheed Martin Corporation

      6. 4.4.6. Nano Avionics

      7. 4.4.7. NEC

      8. 4.4.8. Northrop Grumman Corporation

      9. 4.4.9. Thales

  7. 5. KEY STRATEGIC QUESTIONS FOR SATELLITE CEOS

  8. 6. APPENDIX

    1. 6.1. Global Overview

      1. 6.1.1. Overview

      2. 6.1.2. Porter's Five Forces Framework

      3. 6.1.3. Global Value Chain Analysis

      4. 6.1.4. Market Dynamics (DROs)

    2. 6.2. Sources & References

    3. 6.3. List of Tables & Figures

    4. 6.4. Primary Insights

    5. 6.5. Data Pack

    6. 6.6. Glossary of Terms

List of Tables & Figures

  1. Figure 1:  
  2. MINIATURE SATELLITES (BELOW 10KG), NUMBER OF LAUNCHES, ASIA-PACIFIC, 2017 - 2022
  1. Figure 2:  
  2. SATELLITE MASS (ABOVE 10KG) BY REGION, NUMBER OF SATELLITES LAUNCHED, ASIA-PACIFIC, 2017 - 2022
  1. Figure 3:  
  2. SPENDING ON SPACE PROGRAMS BY REGION, USD, ASIA-PACIFIC, 2017 - 2022
  1. Figure 4:  
  2. ASIA-PACIFIC SATELLITE BUS MARKET, VALUE, USD, 2017 - 2029
  1. Figure 5:  
  2. VALUE OF SATELLITE BUS MARKET BY APPLICATION, USD, ASIA-PACIFIC, 2017 - 2029
  1. Figure 6:  
  2. VALUE SHARE OF SATELLITE BUS MARKET BY APPLICATION, %, ASIA-PACIFIC, 2017 VS 2023 VS 2029
  1. Figure 7:  
  2. VALUE OF COMMUNICATION MARKET, USD, ASIA-PACIFIC, 2017 - 2029
  1. Figure 8:  
  2. VALUE OF EARTH OBSERVATION MARKET, USD, ASIA-PACIFIC, 2017 - 2029
  1. Figure 9:  
  2. VALUE OF NAVIGATION MARKET, USD, ASIA-PACIFIC, 2017 - 2029
  1. Figure 10:  
  2. VALUE OF SPACE OBSERVATION MARKET, USD, ASIA-PACIFIC, 2017 - 2029
  1. Figure 11:  
  2. VALUE OF OTHERS MARKET, USD, ASIA-PACIFIC, 2017 - 2029
  1. Figure 12:  
  2. VALUE OF SATELLITE BUS MARKET BY SATELLITE MASS, USD, ASIA-PACIFIC, 2017 - 2029
  1. Figure 13:  
  2. VALUE SHARE OF SATELLITE BUS MARKET BY SATELLITE MASS, %, ASIA-PACIFIC, 2017 VS 2023 VS 2029
  1. Figure 14:  
  2. VALUE OF 10-100KG MARKET, USD, ASIA-PACIFIC, 2017 - 2029
  1. Figure 15:  
  2. VALUE OF 100-500KG MARKET, USD, ASIA-PACIFIC, 2017 - 2029
  1. Figure 16:  
  2. VALUE OF 500-1000KG MARKET, USD, ASIA-PACIFIC, 2017 - 2029
  1. Figure 17:  
  2. VALUE OF BELOW 10 KG MARKET, USD, ASIA-PACIFIC, 2017 - 2029
  1. Figure 18:  
  2. VALUE OF ABOVE 1000KG MARKET, USD, ASIA-PACIFIC, 2017 - 2029
  1. Figure 19:  
  2. VALUE OF SATELLITE BUS MARKET BY ORBIT CLASS, USD, ASIA-PACIFIC, 2017 - 2029
  1. Figure 20:  
  2. VALUE SHARE OF SATELLITE BUS MARKET BY ORBIT CLASS, %, ASIA-PACIFIC, 2017 VS 2023 VS 2029
  1. Figure 21:  
  2. VALUE OF GEO MARKET, USD, ASIA-PACIFIC, 2017 - 2029
  1. Figure 22:  
  2. VALUE OF LEO MARKET, USD, ASIA-PACIFIC, 2017 - 2029
  1. Figure 23:  
  2. VALUE OF MEO MARKET, USD, ASIA-PACIFIC, 2017 - 2029
  1. Figure 24:  
  2. VALUE OF SATELLITE BUS MARKET BY END USER, USD, ASIA-PACIFIC, 2017 - 2029
  1. Figure 25:  
  2. VALUE SHARE OF SATELLITE BUS MARKET BY END USER, %, ASIA-PACIFIC, 2017 VS 2023 VS 2029
  1. Figure 26:  
  2. VALUE OF COMMERCIAL MARKET, USD, ASIA-PACIFIC, 2017 - 2029
  1. Figure 27:  
  2. VALUE OF MILITARY & GOVERNMENT MARKET, USD, ASIA-PACIFIC, 2017 - 2029
  1. Figure 28:  
  2. VALUE OF OTHER MARKET, USD, ASIA-PACIFIC, 2017 - 2029
  1. Figure 29:  
  2. NUMBER OF STRATEGIC MOVES OF MOST ACTIVE COMPANIES, ASIA-PACIFIC SATELLITE BUS MARKET, ASIA-PACIFIC, 2017 - 2029
  1. Figure 30:  
  2. TOTAL NUMBER OF STRATEGIC MOVES OF COMPANIES, ASIA-PACIFIC SATELLITE BUS MARKET, ASIA-PACIFIC, 2017 - 2029
  1. Figure 31:  
  2. MARKET SHARE OF ASIA-PACIFIC SATELLITE BUS MARKET, %, ASIA-PACIFIC, 2022

Asia-Pacific Satellite Bus Industry Segmentation

Communication, Earth Observation, Navigation, Space Observation, Others are covered as segments by Application. 10-100kg, 100-500kg, 500-1000kg, Below 10 Kg, above 1000kg are covered as segments by Satellite Mass. GEO, LEO, MEO are covered as segments by Orbit Class. Commercial, Military & Government are covered as segments by End User.

  • The Asia-Pacific region has seen a significant increase in the demand for satellite buses to accommodate a wide range of satellite orbits. This demand has been driven by the growing need for satellite-based communication, navigation, and remote sensing services. Earth observation satellites have become increasingly popular for a wide range of applications. The demand for LEO satellites has been particularly strong in China, where companies such as Spacety and Chang Guang Satellite Technology Co. Ltd. offer satellite buses for LEO missions. China has been active in this region with the launch of the Gaofen series satellites. Between 2017 and 2022, approximately 379 satellites were launched into LEO.
  • GEO satellites are particularly important for communication and broadcasting services, such as television and the Internet. The demand for GEO satellites has been particularly strong in India, where companies such as ISRO and Antrix Corporation Ltd have been developing advanced satellite buses for communication missions. China has also been investing heavily in GEO satellites, with the launch of the Zhongxing series of communication satellites. Between 2017 and 2022, approximately 66 satellites were launched into GEO.
  • MEO satellites, such as GPS and Galileo, have become increasingly important for global navigation and positioning services. Japan has been a leader in Asia-Pacific, with the launch of the Michibiki series of MEO navigation satellites. China has also been investing in MEO satellites with the launch of the Beidou navigation system. Between 2017 and 2022, approximately 24 satellites were launched into MEO. The overall market is expected to grow by 20.72% during 2023-2029.
Application
Communication
Earth Observation
Navigation
Space Observation
Others
Satellite Mass
10-100kg
100-500kg
500-1000kg
Below 10 Kg
above 1000kg
Orbit Class
GEO
LEO
MEO
End User
Commercial
Military & Government
Other
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Market Definition

  • Application - Various applications or purposes of the satellites are classified into communication, earth observation, space observation, navigation, and others. The purposes listed are those self-reported by the satellite’s operator.
  • End User - The primary users or end users of the satellite is described as civil (academic, amateur), commercial, government (meteorological, scientific, etc.), military. Satellites can be multi-use, for both commercial and military applications.
  • Launch Vehicle MTOW - The launch vehicle MTOW (maximum take-off weight) means the maximum weight of the launch vehicle during take-off, including the weight of payload, equipment and fuel.
  • Orbit Class - The satellite orbits are divided into three broad classes namely GEO, LEO, and MEO. Satellites in elliptical orbits have apogees and perigees that differ significantly from each other and categorized satellite orbits with eccentricity 0.14 and higher as elliptical.
  • Propulsion tech - Under this segment, different types of satellite propulsion systems have been classified as electric, liquid-fuel and gas-based propulsion systems.
  • Satellite Mass - Under this segment, different types of satellite propulsion systems have been classified as electric, liquid-fuel and gas-based propulsion systems.
  • Satellite Subsystem - All the components and subsystems which includes propellants, buses, solar panels, other hardware of satellites are included under this segment.
Keyword Definition
Attitude Control The orientation of the satellite relative to the Earth and the sun.
INTELSAT The International Telecommunications Satellite Organization operates a network of satellites for international transmission.
Geostationary Earth Orbit (GEO) Geostationary satellites in Earth orbit 35,786 km (22,282 mi) above the equator in the same direction and at the same speed as the earth rotates on its axis, making them appear fixed in the sky.
Low Earth Orbit (LEO) Low Earth Orbit satellites orbit from 160-2000km above the earth, take approximately 1.5 hours for a full orbit and only cover a portion of the earth’s surface.
Medium Earth Orbit (MEO) MEO satellites are located above LEO and below GEO satellites and typically travel in an elliptical orbit over the North and South Pole or in an equatorial orbit.
Very Small Aperture Terminal (VSAT) Very Small Aperture Terminal is an antenna that is typically less than 3 meters in diameter
CubeSat CubeSat is a class of miniature satellites based on a form factor consisting of 10 cm cubes. CubeSats weigh no more than 2 kg per unit and typically use commercially available components for their construction and electronics. 
Small Satellite Launch Vehicles (SSLVs) Small Satellite Launch Vehicle (SSLV) is a three-stage Launch Vehicle configured with three Solid Propulsion Stages and a liquid propulsion-based Velocity Trimming Module (VTM) as a terminal stage
Space Mining Asteroid mining is the hypothesis of extracting material from asteroids and other asteroids, including near-Earth objects.
Nano Satellites Nanosatellites are loosely defined as any satellite weighing less than 10 kilograms.
Automatic Identification System (AIS) Automatic identification system (AIS) is an automatic tracking system used to identify and locate ships by exchanging electronic data with other nearby ships, AIS base stations, and satellites. Satellite AIS (S-AIS) is the term used to describe when a satellite is used to detect AIS signatures.
Reusable launch vehicles (RLVs) Reusable launch vehicle (RLV) means a launch vehicle that is designed to return to Earth substantially intact and therefore may be launched more than one time or that contains vehicle stages that may be recovered by a launch operator for future use in the operation of a substantially similar launch vehicle.
Apogee The point in an elliptical satellite orbit which is farthest from the surface of the earth. Geosynchronous satellites which maintain circular orbits around the earth are first launched into highly elliptical orbits with apogees of 22,237 miles.
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Research Methodology

Mordor Intelligence follows a four-step methodology in all our reports.

  • Step-1: Identify Key Variables: In order to build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built on the basis of these variables.
  • Step-2: Build a Market Model: Market-size estimations for the historical and forecast years have been provided in revenue and volume terms. For sales conversion to volume, the average selling price (ASP) is kept constant throughout the forecast period for each country, and inflation is not a part of the pricing.
  • Step-3: Validate and Finalize: In this important step, all market numbers, variables and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
  • Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms.
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Asia-Pacific Satellite Bus Market Research FAQs

The Asia-Pacific Satellite Bus Market size is expected to reach USD 4.72 billion in 2024 and grow at a CAGR of 19.76% to reach USD 11.63 billion by 2029.

In 2024, the Asia-Pacific Satellite Bus Market size is expected to reach USD 4.72 billion.

Airbus SE, Honeywell International Inc., Lockheed Martin Corporation, Northrop Grumman Corporation and Thales are the major companies operating in the Asia-Pacific Satellite Bus Market.

In the Asia-Pacific Satellite Bus Market, the LEO segment accounts for the largest share by orbit class.

In 2024, South Korea accounts for the largest share by country in the Asia-Pacific Satellite Bus Market.

In 2023, the Asia-Pacific Satellite Bus Market size was estimated at USD 3.76 billion. The report covers the Asia-Pacific Satellite Bus Market historical market size for years: 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Asia-Pacific Satellite Bus Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Asia-Pacific Satellite Bus Industry Report

Statistics for the 2024 Asia-Pacific Satellite Bus market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Asia-Pacific Satellite Bus analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

Asia-Pacific Satellite Bus Market Report Snapshots

Asia-Pacific Satellite Bus Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2029