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 |
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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.
