Study Period | 2017 - 2030 |
Base Year For Estimation | 2024 |
Forecast Data Period | 2025 - 2030 |
Market Size (2025) | USD 2.36 Billion |
Market Size (2030) | USD 5.53 Billion |
CAGR (2025 - 2030) | 18.59 % |
Market Concentration | High |
Major Players![]() *Disclaimer: Major Players sorted in no particular order |
Asia-Pacific Satellite Launch Vehicle Market Analysis
The Asia-Pacific Satellite Launch Vehicle Market size is estimated at 2.36 billion USD in 2025, and is expected to reach 5.53 billion USD by 2030, growing at a CAGR of 18.59% during the forecast period (2025-2030).
The Asia-Pacific satellite launch vehicle industry is experiencing unprecedented transformation driven by technological advancements and increasing commercial space activities. Launch vehicle manufacturers are developing more sophisticated and versatile rockets capable of delivering multiple payloads to various orbits in a single mission. This technological evolution is particularly evident in the development of reusable launch vehicle systems and advanced propulsion technologies. The region has witnessed significant progress in launch vehicle capabilities, with countries like China developing the Long March 5B rocket that can lift impressive payloads of up to 25,000 kg to LEO, 13,000 kg to MEO, and 5,100 kg to GEO, demonstrating the region's growing technological prowess.
The commercial space sector in Asia-Pacific is witnessing remarkable growth through ambitious satellite constellation projects and increased private sector participation. A notable development is China's announcement in March 2023 to deploy a mega constellation of 13,000 satellites in LEO for broadband applications, positioning itself to compete with Western ventures. This massive undertaking exemplifies the scale of commercial space activities in the region and highlights the growing demand for launch services. The trend toward commercial space activities is further supported by the establishment of new space companies and increased collaboration between government space agencies and private enterprises.
Government support and investment in space programs continue to drive market expansion across the region. In March 2023, South Korea announced a significant investment of USD 674 million in space programs to enhance its domestic space industry and develop next-generation space launch vehicle technologies. Similarly, the Indian government has demonstrated its commitment to space development by allocating USD 2 billion in February 2023 for various space-related activities, including launch vehicle development and research. These substantial investments reflect the region's determination to establish robust space capabilities and foster technological innovation in the launch vehicle sector.
The industry is witnessing a shift toward more efficient and specialized launch solutions to meet diverse mission requirements. Historical data shows that between 2017-2022, 378 satellites were launched into LEO, with 247 specifically designated for Earth observation missions, highlighting the growing demand for specialized launch services. Launch vehicle manufacturers are responding by developing adaptable launch systems that can accommodate various payload sizes and orbital requirements. This trend is driving innovation in areas such as modular design, advanced materials, and intelligent flight control systems, enabling more precise and cost-effective space transportation operations while meeting the increasing demand for both commercial and government missions.
Asia-Pacific Satellite Launch Vehicle Market Trends
Growing demand and competition in the Asia-Pacific launch vehicle market
- Asia-Pacific has witnessed significant growth in the space industry in recent years, with a number of companies emerging as major players in the development and deployment of launch vehicles. CASC developed a range of launch vehicles, including the Long March series, which has become one of the most reliable launch vehicles in the world. During 2017-2022, CASC's Long March rocket launched approximately 372 satellites into space for various satellite operators across the world. Russia's Roscosmos State Corporation is responsible for the development of the Soyuz and Proton rockets, which have been used to launch a range of satellites and crewed missions to space. During 2017-2022, the Soyuz rocket launched approximately 611 satellites into space for various satellite operators across the world.
- The Japan Aerospace Exploration Agency (JAXA) has developed a number of launch vehicles, including the H-IIA and H-IIB rockets. During 2017-2022, JAXA's H-IIA rockets launched approximately 25 satellites into space for various satellite operators across the world. India's ISRO is playing a key role in the development of the country's launch vehicles. ISRO has developed a range of launch vehicles, including the PSLV and the GSLV, which have been used to launch a range of satellites. During 2017-2022, ISRO's rockets launched approximately 171 satellites into space for various satellite operators across the world. In addition to these established players, there are also a number of emerging companies, such as Rocket Lab, which is based in New Zealand and has developed the Electron rocket. During 2017-2022, the Electron rocket launched approximately 87 satellites into space for various satellite operators globally.
Increased spending by China, India, Japan, and South Korea is driving the market's growth
- The demand for satellite launch vehicles is driven by projects such as manufacturing and launching a national satellite internet constellation of up to 13,000 satellites. China SatNet has been engaging with commercial companies as it develops a blueprint for constructing the Guowang constellation. Hence, several space agencies in the region are developing space launch vehicle technologies. In February 2023, the Indian government announced that ISRO is expected to receive USD 2 billion for various space-related activities. Under the outlay on major schemes, a partial split up of the budget of INR 9441 crore has been allocated for space technology (including launch activity, R&D on rockets, engines, satellites, etc.). In March 2021, Japan announced that it expended USD 4.14 billion for space-related activities. The country mentioned that it had allocated JPY 18.9 billion for the H3 rocket development. In January 2020, JAXA mentioned that JPY 3.6 billion was allocated to fund the research and development of core engine technologies that significantly improve fuel consumption and reduce environmental burden, as well as the research and development of the silent supersonic airplane and emission-free aircraft (electric-powered propulsion systems).
- In March 2023, South Korea announced that it would spend USD 674 million on space programs to expand its domestic space industry, develop a next-generation launch vehicle, and bolster space defense capabilities. Approximately USD 113.6 million will be expended on developing a next-generation carrier rocket, the KSLV-2. The new rocket KSLV-3, expected to debut in 2030, is designed to be a kerosene and liquid oxygen-fueled two-stage vehicle.
OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- The demand for satellite miniaturization is the growth driver in Asia-Pacific
Segment Analysis: By Orbit Class
GEO Segment in Asia-Pacific Satellite Launch Vehicle Market
The Geosynchronous Earth Orbit (GEO) segment dominates the Asia-Pacific satellite launch vehicle market, commanding approximately 51% market share in 2024. This significant market position is primarily driven by the increasing demand from governments for military applications and satellite-based services. The segment's growth is further supported by the development of advanced launch vehicles by key players in the region, particularly in China and India. These countries have been actively expanding their GEO launch capabilities through vehicles like China's Long March series and India's GSLV Mk-III, which are specifically designed for GEO satellite deployments. The segment's dominance is also reinforced by the critical role of GEO satellites in providing stable, long-term telecommunications, broadcasting, and meteorological observation services across the vast Asia-Pacific region.

LEO Segment in Asia-Pacific Satellite Launch Vehicle Market
The Low Earth Orbit (LEO) segment is experiencing the most rapid growth in the Asia-Pacific satellite launch vehicle market, with a projected growth rate of approximately 26% during 2024-2029. This exceptional growth is driven by several factors, including the increasing deployment of small satellite constellations, rising demand for Earth observation applications, and the growing need for cost-effective launch solutions. The segment's expansion is particularly evident in China's ambitious plans to deploy mega-constellations of satellites in LEO for broadband applications. Additionally, various countries in the region are developing specialized launch vehicles optimized for LEO missions, with South Korea's NURI program and Japan's enhanced launch capabilities leading the way. The segment is also benefiting from the rising adoption of LEO satellites for telecommunications, remote sensing, and scientific research applications.
Remaining Segments in Orbit Class
The Medium Earth Orbit (MEO) segment, while smaller in market share, plays a crucial role in the Asia-Pacific satellite launch vehicle market, particularly for specific applications such as navigation and global positioning systems. This segment is particularly important for countries developing their own navigation satellite systems, with China being a key player through its BeiDou Navigation Satellite System. The MEO segment serves as a vital component in the region's space infrastructure, supporting various applications including satellite-based communications for remote areas, maritime and aviation industries, and disaster management systems. The development of launch vehicles capable of reaching MEO orbits continues to be a priority for several countries in the region, indicating the segment's strategic importance despite its smaller market share.
Segment Analysis: By Launch Vehicle MTOW
Medium Segment in Asia-Pacific Satellite Launch Vehicle Market
The medium launch vehicle segment dominates the Asia-Pacific satellite launch vehicle market, holding approximately 51% market share in 2024. Medium launch vehicles are designed to launch payloads weighing between 2,000 kg to 20,000 kg into GEO orbit, making them crucial for launching satellites, conducting scientific missions, and resupplying the International Space Station. The segment's leadership position is primarily driven by the growing demand for Earth observation and communication satellites, coupled with the increasing number of satellites being launched into orbit due to rising space activities. Companies like SpaceX and United Launch Alliance have developed reliable medium launch vehicles that have demonstrated consistent performance and cost-effectiveness. The demand is further bolstered by multi-year contracts granted by government and commercial end users to launch vehicle manufacturers and service providers.
Light Segment in Asia-Pacific Satellite Launch Vehicle Market
The light launch vehicle segment is experiencing the most rapid growth in the Asia-Pacific satellite launch vehicle market, with a projected growth rate of approximately 32% during 2024-2029. This remarkable growth is driven by the expansion of small satellite launch capabilities and their increasing strategic utility, which has motivated various stakeholders including governments, space agencies, and private enterprises to develop next-generation small satellite launchers. Light launch vehicles, capable of lifting weights of 2,000 kg or less to low Earth orbit, are gaining traction due to their cost-effectiveness and flexibility in deployment. The segment's growth is further supported by the development of strategic utility in the space industry, with various countries investing in indigenous development programs for small satellite launchers. The increasing adoption of small satellites for various applications, including Earth observation, maritime surveillance, communications, and technology demonstration missions, continues to drive the demand for light launch vehicles in the region.
Remaining Segments in Launch Vehicle MTOW
The heavy launch vehicle segment represents a significant portion of the market, designed for launching payloads between 20,000 and 50,000 kg into low Earth orbit. This segment is particularly crucial for major resupply missions to the International Space Station, manned missions, and orbital insertions. Heavy launch vehicles are essential for interplanetary missions and launching large payloads to deep space destinations such as the Moon and Mars. The segment's importance is underscored by ongoing developments in space exploration programs across the Asia-Pacific region, with countries like China and Japan investing in heavy launch vehicle capabilities for their ambitious space missions.
Asia-Pacific Satellite Launch Vehicle Market Geography Segment Analysis
Satellite Launch Vehicle Market in China
China has established itself as the dominant force in the Asia-Pacific satellite launch vehicle market, commanding approximately 84% of the market share in 2024. The country's space ambitions are driven by a multi-faceted approach encompassing scientific research, national defense, and economic development. The Long March series, operated by the China Aerospace Science and Technology Corporation (CASC), serves as the backbone of China's space transportation capabilities, offering versatile payload capacities ranging from 4,000 kg to 25,000 kg for LEO missions. The country's commitment to space exploration is further exemplified by its mega constellation project, which aims to deploy 13,000 satellites in LEO for broadband applications. This ambitious initiative directly competes with Western ventures and demonstrates China's determination to establish itself as a global space power. The development of advanced launch vehicles, particularly the new Long March 5B rocket, showcases the country's technological prowess and its capability to support both domestic and international spacecraft launch missions. China's comprehensive space program continues to evolve, with significant investments in research and development, infrastructure, and human capital.
Satellite Launch Vehicle Market in India
India's satellite launch vehicle market is positioned for remarkable expansion, with projections indicating a robust growth rate of approximately 28% from 2024 to 2029. The Indian Space Research Organisation (ISRO) has been instrumental in developing indigenous launch capabilities through its diverse portfolio of launch vehicles. The organization's flagship vehicles include the Polar Satellite Launch Vehicle (PSLV), capable of delivering 3,800 kg to LEO, and the more powerful GSLV Mk-III, which can transport 4,000 kg to GTO. ISRO's strategic focus on developing cost-effective launch services has attracted international customers and established India as a reliable partner in the global space industry. The development of the Small Satellite Launch Vehicle (SSLV) represents India's adaptation to the growing small satellite launch market, demonstrating the country's agility in meeting evolving market demands. NewSpace India Limited, ISRO's commercial arm, plays a crucial role in fostering collaboration between the public and private sectors, creating a robust ecosystem for space technology development. The country's emphasis on self-reliance in space technology, coupled with its competitive pricing strategy, has positioned India as a significant player in the commercial launch services market.
Satellite Launch Vehicle Market in New Zealand
New Zealand has emerged as a significant player in the satellite launch vehicle market, particularly in the small satellite launch segment. The country's strategic geographical location, offering advantages for various orbital inclinations, has attracted international launch operators and satellite manufacturers. The government actively supports the growth of the space industry through investments in infrastructure, capital provision, and promotion of industry-academia cooperation. The focus on Earth observation satellites has created opportunities for various industries, including agriculture, environmental management, and disaster response. New Zealand's regulatory framework, overseen by the New Zealand Space Agency, ensures safe and responsible space operations while facilitating commercial growth. The country's commitment to developing indigenous capabilities and fostering international partnerships has established it as a reliable hub for space activities. The emphasis on sustainable space practices and environmental consciousness aligns with global trends and positions New Zealand as a forward-thinking participant in the space industry.
Satellite Launch Vehicle Market in Other Countries
The satellite launch vehicle market in other Asia-Pacific countries demonstrates diverse capabilities and aspirations in space technology. Japan, through the Japan Aerospace Exploration Agency (JAXA), maintains a strong presence with its H-IIA and H-IIB launch vehicles, focusing on reliability and precision in satellite deployment. South Korea's ambitious space program, supported by the Korea Aerospace Research Institute (KARI), showcases the country's determination to develop indigenous launch capabilities. Australia's emerging space sector benefits from its vast territory and strategic location, with initiatives to develop launch facilities and support commercial space activities. Singapore, despite its geographical limitations, contributes to the regional space ecosystem through research and development in satellite technologies. These countries collectively enhance the region's space capabilities through various collaborative projects, technology exchanges, and shared research initiatives, contributing to the overall growth and diversification of the Asia-Pacific space industry.
Asia-Pacific Satellite Launch Vehicle Industry Overview
Top Companies in Asia-Pacific Satellite Launch Vehicle Market
The Asia-Pacific satellite launch vehicle market is characterized by continuous product innovation and operational advancements among key players. Companies are focusing on developing reusable launch vehicle technologies and improving payload capacities to meet diverse mission requirements. Strategic partnerships with government space agencies and commercial satellite operators have become crucial for market expansion. Operational agility is demonstrated through rapid launch turnaround times and flexible launch scheduling capabilities. Companies are investing in advanced manufacturing facilities and expanding their launch sites across the region to enhance operational efficiency. The market also sees significant emphasis on cost reduction through technological innovations and streamlined production processes. Additionally, companies are diversifying their service offerings to include end-to-end launch services, from launch services to satellite operations and maintenance.
State-owned Enterprises Dominate Regional Launch Market
The Asia-Pacific satellite launch vehicle market is predominantly controlled by state-owned enterprises and government space agencies, with China Aerospace Science and Technology Corporation (CASC) and Indian Space Research Organisation (ISRO) holding significant market positions. These organizations benefit from substantial government backing, established infrastructure, and decades of experience in space operations. The market shows a high level of consolidation among these established players, who have developed comprehensive launch vehicle families catering to various payload requirements. Private sector participation is gradually increasing, particularly in countries like Japan and New Zealand, where companies are developing innovative launch solutions and establishing international partnerships.
The market exhibits strong regional characteristics with each major player focusing on their domestic market while simultaneously pursuing international opportunities. Market consolidation is primarily driven by government policies and national space programs rather than traditional merger and acquisition activities. The emergence of new private players is creating a more dynamic competitive environment, though barriers to entry remain high due to the capital-intensive nature of the industry and complex regulatory requirements. Established players are responding to this evolution by forming strategic alliances with private sector entities and international partners to maintain their market positions.
Innovation and Collaboration Drive Future Growth
Success in the Asia-Pacific satellite launch vehicle market increasingly depends on developing cost-effective and reliable launch solutions while maintaining high safety standards. Incumbent players must focus on modernizing their launch vehicle fleet and expanding their payload capacity range to address evolving customer requirements. Building strong relationships with satellite manufacturers and operators, while maintaining competitive pricing strategies, is crucial for market share retention. Companies need to invest in advanced technologies such as reusable launch systems and automated manufacturing processes to reduce operational costs and improve launch frequency capabilities.
For new entrants and contenders, differentiation through specialized launch services and innovative technologies presents opportunities for market penetration. Developing niche capabilities in small satellite launches or specific orbital deployments can help establish market presence. Success also depends on navigating complex regulatory environments and securing necessary approvals across different jurisdictions. The ability to form strategic partnerships with established players and leverage existing infrastructure can accelerate market entry. Companies must also focus on building robust safety records and maintaining high reliability standards to gain customer trust and compete effectively in this highly regulated market. The growing interest in commercial space launch activities and space transportation solutions further underscores the need for innovation and collaboration in this sector.
Asia-Pacific Satellite Launch Vehicle Market Leaders
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China Aerospace Science and Technology Corporation (CASC)
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Indian Space Research Organisation (ISRO)
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Mitsubishi Heavy Industries
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Rocket Lab USA, Inc.
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The Boeing Company
- *Disclaimer: Major Players sorted in no particular order
Asia-Pacific Satellite Launch Vehicle Market News
- April 2022: The Long March 3B rocket lifted off from the Xichang launch base with the Chinasat 6D, or Zhongxing 6D, communications satellite.
- March 2022: CASC's Long March 8 rocket delivered 22 small satellites into orbit, hauling payloads to space for Earth observation, maritime surveillance, communications, and technology demonstration missions.
- February 2022: An Indian radar satellite and two rideshare payloads were launched into orbit on ISRO's Polar Satellite Launch Vehicle.
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 Launch Vehicle Market Report - Table of Contents
1. EXECUTIVE SUMMARY & KEY FINDINGS
2. REPORT OFFERS
3. INTRODUCTION
- 3.1 Study Assumptions & Market Definition
- 3.2 Scope of the Study
- 3.3 Research Methodology
4. KEY INDUSTRY TRENDS
- 4.1 Satellite Miniaturization
- 4.2 Owner Of Launch Vehicle
- 4.3 Spending On Space Programs
-
4.4 Regulatory Framework
- 4.4.1 Australia
- 4.4.2 China
- 4.4.3 India
- 4.4.4 Japan
- 4.4.5 New Zealand
- 4.4.6 Singapore
- 4.4.7 South Korea
- 4.5 Value Chain & Distribution Channel Analysis
5. MARKET SEGMENTATION (includes market size in Value in USD, Forecasts up to 2030 and analysis of growth prospects)
-
5.1 Orbit Class
- 5.1.1 GEO
- 5.1.2 LEO
- 5.1.3 MEO
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5.2 Launch Vehicle Mtow
- 5.2.1 Heavy
- 5.2.2 Light
- 5.2.3 Medium
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5.3 Country
- 5.3.1 China
- 5.3.2 India
- 5.3.3 New Zealand
6. COMPETITIVE LANDSCAPE
- 6.1 Key Strategic Moves
- 6.2 Market Share Analysis
- 6.3 Company Landscape
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6.4 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).
- 6.4.1 Ariane Group
- 6.4.2 Blue Origin
- 6.4.3 China Aerospace Science and Technology Corporation (CASC)
- 6.4.4 Indian Space Research Organisation (ISRO)
- 6.4.5 Mitsubishi Heavy Industries
- 6.4.6 Rocket Lab USA, Inc.
- 6.4.7 Space Exploration Technologies Corp.
- 6.4.8 The Boeing Company
7. KEY STRATEGIC QUESTIONS FOR SATELLITE CEOS
8. APPENDIX
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8.1 Global Overview
- 8.1.1 Overview
- 8.1.2 Porter’s Five Forces Framework
- 8.1.3 Global Value Chain Analysis
- 8.1.4 Market Dynamics (DROs)
- 8.2 Sources & References
- 8.3 List of Tables & Figures
- 8.4 Primary Insights
- 8.5 Data Pack
- 8.6 Glossary of Terms
List of Tables & Figures
- Figure 1:
- MINIATURE SATELLITES (BELOW 10KG), NUMBER OF LAUNCHES, ASIA-PACIFIC, 2017 - 2022
- Figure 2:
- OWNER OF LAUNCH VEHICLE BY COUNTRY, COUNT OF LAUNCH VEHICLE OWNERS, ASIA-PACIFIC, 2017 - 2022
- Figure 3:
- SPENDING ON SPACE PROGRAMS BY COUNTRY, USD, ASIA-PACIFIC, 2017 - 2022
- Figure 4:
- ASIA-PACIFIC SATELLITE LAUNCH VEHICLE MARKET, VALUE, USD, 2017 - 2029
- Figure 5:
- VALUE OF LAUNCH VEHICLE MARKET BY ORBIT CLASS, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 6:
- VALUE SHARE OF LAUNCH VEHICLE MARKET BY ORBIT CLASS, %, ASIA-PACIFIC, 2017 VS 2023 VS 2029
- Figure 7:
- VALUE OF GEO MARKET, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 8:
- VALUE OF LEO MARKET, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 9:
- VALUE OF MEO MARKET, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 10:
- VALUE OF LAUNCH VEHICLE MARKET BY LAUNCH VEHICLE MTOW, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 11:
- VALUE SHARE OF LAUNCH VEHICLE MARKET BY LAUNCH VEHICLE MTOW, %, ASIA-PACIFIC, 2017 VS 2023 VS 2029
- Figure 12:
- VALUE OF HEAVY MARKET, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 13:
- VALUE OF LIGHT MARKET, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 14:
- VALUE OF MEDIUM MARKET, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 15:
- VALUE OF LAUNCH VEHICLE MARKET BY COUNTRY, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 16:
- VALUE SHARE OF LAUNCH VEHICLE MARKET BY COUNTRY, %, ASIA-PACIFIC, 2017 VS 2023 VS 2029
- Figure 17:
- VALUE OF LAUNCH VEHICLE MARKET, USD, CHINA, 2017 - 2029
- Figure 18:
- VALUE SHARE OF LAUNCH VEHICLE MARKET %, CHINA, 2017 VS 2029
- Figure 19:
- VALUE OF LAUNCH VEHICLE MARKET, USD, INDIA, 2017 - 2029
- Figure 20:
- VALUE SHARE OF LAUNCH VEHICLE MARKET %, INDIA, 2017 VS 2029
- Figure 21:
- VALUE OF LAUNCH VEHICLE MARKET, USD, NEW ZEALAND, 2017 - 2029
- Figure 22:
- VALUE SHARE OF LAUNCH VEHICLE MARKET %, NEW ZEALAND, 2017 VS 2029
- Figure 23:
- NUMBER OF STRATEGIC MOVES OF MOST ACTIVE COMPANIES, ASIA-PACIFIC SATELLITE LAUNCH VEHICLE MARKET, ASIA-PACIFIC, 2017 - 2029
- Figure 24:
- TOTAL NUMBER OF STRATEGIC MOVES OF COMPANIES, ASIA-PACIFIC SATELLITE LAUNCH VEHICLE MARKET, ASIA-PACIFIC, 2017 - 2029
- Figure 25:
- MARKET SHARE OF ASIA-PACIFIC SATELLITE LAUNCH VEHICLE MARKET, %, ASIA-PACIFIC, 2023
Asia-Pacific Satellite Launch Vehicle Industry Segmentation
GEO, LEO, MEO are covered as segments by Orbit Class. Heavy, Light, Medium are covered as segments by Launch Vehicle Mtow. China, India, New Zealand are covered as segments by Country.Orbit Class | GEO |
LEO | |
MEO | |
Launch Vehicle Mtow | Heavy |
Light | |
Medium | |
Country | China |
India | |
New Zealand |
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. |
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.