Market Size of Asia-Pacific Satellite Manufacturing and Launch Systems Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 4.00 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
APAC Satellite Manufacturing and Launch Market Analysis
The Asia-Pacific satellite manufacturing and launch systems market is poised to register a CAGR of 4%, during the forecast period 2020 - 2025.
- Over the years, the business of space exploration has changed substantially, with private corporations venturing into the design and manufacturing of satellites and launch vehicles. The increasing investment in the space sector from private investors is expected to drive the market in the upcoming period.
- The introduction of reusable launch vehicles has drastically reduced the cost of a satellite launch, and the potential for mass production of satellites could further slash the associated development costs in future.
APAC Satellite Manufacturing and Launch Industry Segmentation
The Asia-Pacific satellite manufacturing and launch systems market report covers the latest trends and technological developments in the satellite manufacturing industry in the Asia-Pacific countries and the demand for satellite from military and commercial end users.
| Type | |
| Satellite | |
| Launch Systems |
| End User | |
| Military | |
| Commercial |
| Geography | |
| China | |
| India | |
| South Korea | |
| Australia | |
| Japan | |
| Rest of Asia-Pacific |
Asia-Pacific Satellite Manufacturing and Launch Systems Market Size Summary
The Asia-Pacific satellite manufacturing and launch systems market is experiencing significant transformation, driven by the increasing involvement of private corporations in satellite and launch vehicle design and manufacturing. This shift is bolstered by substantial private investment in the space sector, which is expected to propel market growth. The introduction of reusable launch vehicles has significantly lowered launch costs, while the potential for mass production of satellites promises to further reduce development expenses. The military segment has historically dominated the market, fueled by the rising demand for satellites to support diverse mission profiles, including communication and surveillance. The dual-use of commercial satellite platforms for both military and civil purposes has further expanded market opportunities. Countries like China and India are enhancing their satellite capabilities for maritime surveillance and border protection, with advanced satellite launches, such as India's Emisat, exemplifying this trend.
The market landscape in Asia-Pacific is characterized by fragmentation due to the presence of numerous local and global players, alongside both private and government entities. This competitive environment is further intensified by the rapid growth of satellite launches in South Asia. China, in particular, is making significant strides with its ambitious space projects, including the BeiDou navigation system and plans for a space station. The market dynamics are shifting as traditional satellite manufacturers face competition from new entrants, prompting some to innovate by developing in-house manufacturing capabilities for space systems and components. However, the industry also faces challenges such as the long R&D cycles, which introduce risks related to design responsibility, capital commitments, and delivery schedules. These factors could impact the financial stability of market players, highlighting the need for strategic adaptation to leverage emerging opportunities.
Asia-Pacific Satellite Manufacturing and Launch Systems Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.2 Market Restraints
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1.3 Porter's Five Forces Analysis
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1.3.1 Threat of New Entrants
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Bargaining Power of Suppliers
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Type
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2.1.1 Satellite
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2.1.2 Launch Systems
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2.2 End User
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2.2.1 Military
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2.2.2 Commercial
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2.3 Geography
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2.3.1 China
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2.3.2 India
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2.3.3 South Korea
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2.3.4 Australia
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2.3.5 Japan
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2.3.6 Rest of Asia-Pacific
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Asia-Pacific Satellite Manufacturing and Launch Systems Market Size FAQs
What is the current Asia-Pacific Satellite Manufacturing and Launch Systems Market size?
The Asia-Pacific Satellite Manufacturing and Launch Systems Market is projected to register a CAGR of greater than 4% during the forecast period (2024-2029)
Who are the key players in Asia-Pacific Satellite Manufacturing and Launch Systems Market?
Antrix Corporation (ISRO), China Aerospace Science and Technology Corporation , Satrec Initiative Co., Ltd., Transpace Technologies Pvt. Ltd. and Mitsubishi Heavy Industries, Ltd. are the major companies operating in the Asia-Pacific Satellite Manufacturing and Launch Systems Market.
