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

The Asia-Pacific Satellite Manufacturing 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), by End User (Commercial, Military & Government), by Satellite Subsystem (Propulsion Hardware and Propellant, Satellite Bus & Subsystems, Solar Array & Power Hardware, Structures, Harness & Mechanisms), by Propulsion Tech (Electric, Gas based, Liquid Fuel) and by Country (Australia, China, India, Japan, New Zealand, Singapore, South Korea). 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 Manufacturing Market Size

Asia-Pacific Satellite Manufacturing Market Summary
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https://s3.mordorintelligence.com/study%20period/1629296433432_test~study_period_study_period.svg Study Period 2017 - 2029
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg Market Size (2024) USD 64.71 Billion
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg Market Size (2029) USD 114.00 Billion
https://s3.mordorintelligence.com/hydraulic_fluids/1629285650767_test~hydraulic_fluids_hydraulic_fluids.svg Largest Share by Orbit Class MEO
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg CAGR (2024 - 2029) 11.99 %
https://s3.mordorintelligence.com/globe/1629285706162_test~globe_globe.svg Largest Share by Country China

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

Key Players

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Asia-Pacific Satellite Manufacturing Market Analysis

The Asia-Pacific Satellite Manufacturing Market size is estimated at USD 64.71 billion in 2024, and is expected to reach USD 114 billion by 2029, growing at a CAGR of 11.99% during the forecast period (2024-2029).

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64.71 Billion

Market Size in 2024 (USD)

114.00 Billion

Market Size in 2029 (USD)

12.07 %

CAGR (2017-2023)

11.99 %

CAGR (2024-2029)

Largest Market by Satellite Mass

75.04 %

value share, above 1000kg, 2022

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Large satellites have a higher demand owing to their applications, such as satellite radio, communications, remote sensing, planetary security, and weather forecasting.

Largest Market by Application

60.14 %

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

72.37 %

value share, MEO, 2022

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MEO satellites are increasingly being adopted in modern communication technologies as they play an important role in communication and earth observation applications in the region.

Largest Market by Propulsion Tech

73.93 %

value share, Liquid Fuel, 2022

Because of its high efficiency, controllability, reliability, and long lifespan, liquid fuel-based propulsion technology is becoming an ideal choice for space missions. It can be used in various orbit classes for satellites.

Leading Market Player

92.27 %

market share, China Aerospace Science and Technology Corporation (CASC), 2022

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China Aerospace Science and Technology Corporation (CASC) is the largest player in the market. It offers a diverse range of launch vehicles and adopts a competitive pricing strategy to attract customers globally.

MEO satellites are driving the segment's demand

  • Asia-Pacific has seen a significant increase in the demand for satellite buses to accommodate a wide range of satellite orbits, including low Earth orbit (LEO), medium Earth orbit (MEO), and geostationary Earth orbit (GEO). This demand has been driven by the growing need for satellite-based communication, navigation, and remote sensing services.
  • LEO satellites have become increasingly popular for a wide range of applications, including Earth observation, weather forecasting, and communication. 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 a series of Gaofen satellites.
  • MEO satellites have become increasingly important for global navigation and positioning services such as GPS and Galileo. In the region, Japan has been a leader in this area, 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.
  • 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.
Asia-Pacific Satellite Manufacturing Market

China is expected to witness significant growth

  • Asia-Pacific has emerged as a leading satellite market in recent years. The satellite market is projected to grow rapidly, driven by increasing demand for Earth observation, communication, and scientific research. During 2017-2022, more than 450 satellites were manufactured and launched by various regional commercial and military operators.
  • China has established itself as a major player in the global satellite market, launching numerous microsatellites for various applications, including Earth observation, remote sensing, and communication. The country's ambitious space program and growing demand for satellite services are expected to drive further growth of the microsatellite market. During the historic period, the country launched around 370 satellites.
  • India has also been making significant strides in the satellite market, with the country's space agency, ISRO, launching a series of microsatellites for various applications. One of the key drivers of the demand for launching remote sensing satellites in India is the country's focus on national development and economic growth. During the historic period, the country manufactured and launched 26 satellites.
  • Japan has been actively involved in the development of microsatellites for various applications. Japan's advanced technology expertise and its commitment to space exploration are expected to drive growth in the microsatellite market. Japan's space program is led by the Japan Aerospace Exploration Agency (JAXA), which develops and launches various satellites. During the historic period, the country manufactured and launched around 45 satellites.

Asia-Pacific Satellite Manufacturing Market Trends

The demand for satellite miniaturization is a growth driver in the Asia-Pacific market

  • Miniature satellites leverage advancements in computation, miniaturized electronics, and packaging to produce sophisticated mission capabilities. Microsatellites can be included on the journey with other space missions, considerably reducing the launch costs. The demand from Asia-Pacific is primarily driven by China, Japan, and India, which manufacture the largest number of small satellites annually. Though the launches from the region have decreased over the last three years, the region's industry has a huge potential. The ongoing investments in the startups and the nano and microsatellite development projects are expected to boost the revenue growth of the region. On this note, from 2017 to 2022, more than 190 nano and microsatellites were placed into orbit by various regional players.
  • China is investing significant resources toward augmenting its space-based capabilities. The country has launched the largest number of nano and microsatellites in Asia-Pacific. In April 2022, Chinese startup SpaceWish launched a nanosatellite into LEO boarding CZ-2C (3) rocket. XINGYUAN-2 is a 6U remote sensing CubeSat that weighs approximately 7.5 kg. In India, the indigenous development of nano and microsatellites has been one of the areas of emphasis for the industry. Many startups and universities are developing these satellites at various levels in the country. For instance, in December 2018, Exseed Space launched a nanosatellite named ExseedSAT 1 to provide vital communication for radio amateurs. This was India’s first privately owned satellite into space. Countries like Australia, Malaysia, South Korea, and Singapore are also investing in developing nano and microsatellites.
Asia-Pacific Satellite Manufacturing Market

Increased spending by China, India, Japan, and South Korea is the growth driver of the Asia-Pacific market

  • Considering the increase in space-related activities in the Asia-Pacific region, satellite manufacturers are enhancing their satellite production capabilities to tap into the rapidly emerging market potential. The prominent Asia-Pacific region countries with robust space infrastructure are China, India, Japan, and South Korea. China National Space Administration (CNSA) announced space exploration priorities for 2021–2025, 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 to develop a 13,000-satellite constellation for satellite internet.
  • In 2022, according to Japan's draft budget, the country's space budget was over USD 1.4 billion. It included investment in space activities of 11 government ministries, such as the development of the H3 rocket, Engineering Test Satellite-9, and the country’s Information Gathering Satellite program. India has become a global leader in third-party launch services and has several ongoing R&D programs for new launch platforms. The proposed budget for India's space programs for FY22 was USD 1.83 billion.
  • South Korea's space program has recorded slow progress as other countries are reluctant to transfer core technologies. In 2022, the Ministry of Science and ICT announced a space budget of USD 619 million for manufacturing satellites, rockets, and other key space equipment. Many Southeast Asian countries started investing in space technology. As of March 2021, the Indonesian government secured USD 545 million to continue the fabrication of the Very High Throughput Satellite (SATRIA), using a Public Private Partnership (PPP) scheme, for launch in 2023.
Asia-Pacific Satellite Manufacturing Market

OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT

  • Medium and microsatellites are poised to create demand in the market

Asia-Pacific Satellite Manufacturing Industry Overview

The Asia-Pacific Satellite Manufacturing Market is fairly consolidated, with the top five companies occupying 96.14%. The major players in this market are Axelspace Corporation, Chang Guang Satellite Technology Co. Ltd, China Aerospace Science and Technology Corporation (CASC), Guodian Gaoke and Japan Aerospace Exploration Agency (JAXA) (sorted alphabetically).

Asia-Pacific Satellite Manufacturing Market Leaders

  1. Axelspace Corporation​

  2. Chang Guang Satellite Technology Co. Ltd

  3. China Aerospace Science and Technology Corporation (CASC)

  4. Guodian Gaoke

  5. Japan Aerospace Exploration Agency (JAXA)

Asia-Pacific Satellite Manufacturing Market Concentration

Other important companies include Indian Space Research Organisation (ISRO), Maxar Technologies Inc., MinoSpace Technology, Mitsubishi Heavy Industries, Spacety Aerospace Co., Zhuhai Orbita Control Engineering.

*Disclaimer: Major Players sorted in alphabetical order.

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Asia-Pacific Satellite Manufacturing Market News

  • January 2023: Minospace Technology Co. Ltd announced that it had closed a Pre-B funding round of approximately USD 47 million in August 2021. Following this funding round, MinoSpace announced that it would scale its mass production capacity for 500 kg class satellites.
  • December 2022: Maxar Technologies entered into a definitive merger agreement to be acquired by Advent International (Advent), one of the largest and most experienced companies in the world, with an enterprise value of approximately USD 6.4 billion.
  • November 2022: EchoStar Corporation announced a revised agreement with Maxar Technologies to manufacture the EchoStar XXIV satellite, also known as JUPITER™ 3. The satellite, designed for EchoStar's Hughes Network Systems division, is being manufactured at Maxar's facility in Palo Alto, California.

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 Manufacturing Market
Asia-Pacific Satellite Manufacturing Market
Asia-Pacific Satellite Manufacturing Market
Asia-Pacific Satellite Manufacturing Market

Asia-Pacific Satellite Manufacturing 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

    5. 3.5. Satellite Subsystem

      1. 3.5.1. Propulsion Hardware and Propellant

      2. 3.5.2. Satellite Bus & Subsystems

      3. 3.5.3. Solar Array & Power Hardware

      4. 3.5.4. Structures, Harness & Mechanisms

    6. 3.6. Propulsion Tech

      1. 3.6.1. Electric

      2. 3.6.2. Gas based

      3. 3.6.3. Liquid Fuel

    7. 3.7. Country

      1. 3.7.1. Australia

      2. 3.7.2. China

      3. 3.7.3. India

      4. 3.7.4. Japan

      5. 3.7.5. New Zealand

      6. 3.7.6. Singapore

      7. 3.7.7. South Korea

  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. Axelspace Corporation

      2. 4.4.2. Chang Guang Satellite Technology Co. Ltd

      3. 4.4.3. China Aerospace Science and Technology Corporation (CASC)

      4. 4.4.4. Guodian Gaoke

      5. 4.4.5. Indian Space Research Organisation (ISRO)

      6. 4.4.6. Japan Aerospace Exploration Agency (JAXA)

      7. 4.4.7. Maxar Technologies Inc.

      8. 4.4.8. MinoSpace Technology

      9. 4.4.9. Mitsubishi Heavy Industries

      10. 4.4.10. Spacety Aerospace Co.

      11. 4.4.11. Zhuhai Orbita Control Engineering

  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 MANUFACTURING MARKET, VALUE, USD, 2017 - 2029
  1. Figure 5:  
  2. VALUE OF SATELLITE MANUFACTURING MARKET BY APPLICATION, USD, ASIA-PACIFIC, 2017 - 2029
  1. Figure 6:  
  2. VALUE SHARE OF SATELLITE MANUFACTURING 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 MANUFACTURING MARKET BY SATELLITE MASS, USD, ASIA-PACIFIC, 2017 - 2029
  1. Figure 13:  
  2. VALUE SHARE OF SATELLITE MANUFACTURING 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 MANUFACTURING MARKET BY ORBIT CLASS, USD, ASIA-PACIFIC, 2017 - 2029
  1. Figure 20:  
  2. VALUE SHARE OF SATELLITE MANUFACTURING 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 MANUFACTURING MARKET BY END USER, USD, ASIA-PACIFIC, 2017 - 2029
  1. Figure 25:  
  2. VALUE SHARE OF SATELLITE MANUFACTURING 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. VALUE OF SATELLITE MANUFACTURING MARKET BY SATELLITE SUBSYSTEM, USD, ASIA-PACIFIC, 2017 - 2029
  1. Figure 30:  
  2. VALUE SHARE OF SATELLITE MANUFACTURING MARKET BY SATELLITE SUBSYSTEM, %, ASIA-PACIFIC, 2017 VS 2023 VS 2029
  1. Figure 31:  
  2. VALUE OF PROPULSION HARDWARE AND PROPELLANT MARKET, USD, ASIA-PACIFIC, 2017 - 2029
  1. Figure 32:  
  2. VALUE OF SATELLITE BUS & SUBSYSTEMS MARKET, USD, ASIA-PACIFIC, 2017 - 2029
  1. Figure 33:  
  2. VALUE OF SOLAR ARRAY & POWER HARDWARE MARKET, USD, ASIA-PACIFIC, 2017 - 2029
  1. Figure 34:  
  2. VALUE OF STRUCTURES, HARNESS & MECHANISMS MARKET, USD, ASIA-PACIFIC, 2017 - 2029
  1. Figure 35:  
  2. VALUE OF SATELLITE MANUFACTURING MARKET BY PROPULSION TECH, USD, ASIA-PACIFIC, 2017 - 2029
  1. Figure 36:  
  2. VALUE SHARE OF SATELLITE MANUFACTURING MARKET BY PROPULSION TECH, %, ASIA-PACIFIC, 2017 VS 2023 VS 2029
  1. Figure 37:  
  2. VALUE OF ELECTRIC MARKET, USD, ASIA-PACIFIC, 2017 - 2029
  1. Figure 38:  
  2. VALUE OF GAS BASED MARKET, USD, ASIA-PACIFIC, 2017 - 2029
  1. Figure 39:  
  2. VALUE OF LIQUID FUEL MARKET, USD, ASIA-PACIFIC, 2017 - 2029
  1. Figure 40:  
  2. VALUE OF SATELLITE MANUFACTURING MARKET BY COUNTRY, USD, ASIA-PACIFIC, 2017 - 2029
  1. Figure 41:  
  2. VALUE SHARE OF SATELLITE MANUFACTURING MARKET BY COUNTRY, %, ASIA-PACIFIC, 2017 VS 2023 VS 2029
  1. Figure 42:  
  2. VALUE OF SATELLITE MANUFACTURING MARKET, USD, AUSTRALIA, 2017 - 2029
  1. Figure 43:  
  2. VALUE SHARE OF SATELLITE MANUFACTURING MARKET BY APPLICATION, %, AUSTRALIA, 2017 - 2029
  1. Figure 44:  
  2. VALUE OF SATELLITE MANUFACTURING MARKET, USD, CHINA, 2017 - 2029
  1. Figure 45:  
  2. VALUE SHARE OF SATELLITE MANUFACTURING MARKET BY APPLICATION, %, CHINA, 2017 - 2029
  1. Figure 46:  
  2. VALUE OF SATELLITE MANUFACTURING MARKET, USD, INDIA, 2017 - 2029
  1. Figure 47:  
  2. VALUE SHARE OF SATELLITE MANUFACTURING MARKET BY APPLICATION, %, INDIA, 2017 - 2029
  1. Figure 48:  
  2. VALUE OF SATELLITE MANUFACTURING MARKET, USD, JAPAN, 2017 - 2029
  1. Figure 49:  
  2. VALUE SHARE OF SATELLITE MANUFACTURING MARKET BY APPLICATION, %, JAPAN, 2017 - 2029
  1. Figure 50:  
  2. VALUE OF SATELLITE MANUFACTURING MARKET, USD, NEW ZEALAND, 2017 - 2029
  1. Figure 51:  
  2. VALUE SHARE OF SATELLITE MANUFACTURING MARKET BY APPLICATION, %, NEW ZEALAND, 2017 - 2029
  1. Figure 52:  
  2. VALUE OF SATELLITE MANUFACTURING MARKET, USD, SINGAPORE, 2017 - 2029
  1. Figure 53:  
  2. VALUE SHARE OF SATELLITE MANUFACTURING MARKET BY APPLICATION, %, SINGAPORE, 2017 - 2029
  1. Figure 54:  
  2. VALUE OF SATELLITE MANUFACTURING MARKET, USD, SOUTH KOREA, 2017 - 2029
  1. Figure 55:  
  2. VALUE SHARE OF SATELLITE MANUFACTURING MARKET BY APPLICATION, %, SOUTH KOREA, 2017 - 2029
  1. Figure 56:  
  2. NUMBER OF STRATEGIC MOVES OF MOST ACTIVE COMPANIES, ASIA-PACIFIC SATELLITE MANUFACTURING MARKET, ASIA-PACIFIC, 2017 - 2029
  1. Figure 57:  
  2. TOTAL NUMBER OF STRATEGIC MOVES OF COMPANIES, ASIA-PACIFIC SATELLITE MANUFACTURING MARKET, ASIA-PACIFIC, 2017 - 2029
  1. Figure 58:  
  2. MARKET SHARE OF ASIA-PACIFIC SATELLITE MANUFACTURING MARKET, %, ASIA-PACIFIC, 2022

Asia-Pacific Satellite Manufacturing 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. Propulsion Hardware and Propellant, Satellite Bus & Subsystems, Solar Array & Power Hardware, Structures, Harness & Mechanisms are covered as segments by Satellite Subsystem. Electric, Gas based, Liquid Fuel are covered as segments by Propulsion Tech. Australia, China, India, Japan, New Zealand, Singapore, South Korea are covered as segments by Country.

  • Asia-Pacific has seen a significant increase in the demand for satellite buses to accommodate a wide range of satellite orbits, including low Earth orbit (LEO), medium Earth orbit (MEO), and geostationary Earth orbit (GEO). This demand has been driven by the growing need for satellite-based communication, navigation, and remote sensing services.
  • LEO satellites have become increasingly popular for a wide range of applications, including Earth observation, weather forecasting, and communication. 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 a series of Gaofen satellites.
  • MEO satellites have become increasingly important for global navigation and positioning services such as GPS and Galileo. In the region, Japan has been a leader in this area, 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.
  • 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.
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
Satellite Subsystem
Propulsion Hardware and Propellant
Satellite Bus & Subsystems
Solar Array & Power Hardware
Structures, Harness & Mechanisms
Propulsion Tech
Electric
Gas based
Liquid Fuel
Country
Australia
China
India
Japan
New Zealand
Singapore
South Korea
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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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  • 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.
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Asia-Pacific Satellite Manufacturing Market Research FAQs

The Asia-Pacific Satellite Manufacturing Market size is expected to reach USD 64.71 billion in 2024 and grow at a CAGR of 11.99% to reach USD 114.00 billion by 2029.

In 2024, the Asia-Pacific Satellite Manufacturing Market size is expected to reach USD 64.71 billion.

Axelspace Corporation​, Chang Guang Satellite Technology Co. Ltd, China Aerospace Science and Technology Corporation (CASC), Guodian Gaoke and Japan Aerospace Exploration Agency (JAXA) are the major companies operating in the Asia-Pacific Satellite Manufacturing Market.

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

In 2024, China accounts for the largest share by country in the Asia-Pacific Satellite Manufacturing Market.

In 2023, the Asia-Pacific Satellite Manufacturing Market size was estimated at USD 56.27 billion. The report covers the Asia-Pacific Satellite Manufacturing Market historical market size for years: 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Asia-Pacific Satellite Manufacturing Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Asia-Pacific Satellite Manufacturing Industry Report

Statistics for the 2024 Asia-Pacific Satellite Manufacturing market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Asia-Pacific Satellite Manufacturing 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 Manufacturing Market Report Snapshots

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