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Asia-Pacific Small Satellite Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The Asia-Pacific Small Satellite Market is segmented by Type (Minisatellite, Microsatellite, Nanosatellite, Picosatellite, and Femtosatellite), End User (Civil and Commercial and Military), and Geography.

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Market Snapshot

asia pacific small satellite market overview
Study Period: 2018-2027
Base Year: 2021
CAGR: >15 %

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Market Overview

The Asia-Pacific small satellite market is projected to register a CAGR of more than 15% during the forecast period.

· The increase in space investments in countries in China, Japan, India, and Australia, among others, is anticipated to drive the development and launch of small satellites in the region.

· Many companies are entering the small satellite market, owing to the diversification of applications for small satellites. Many startups are utilizing small satellites for telecommunication, space-based IoT, weather prediction, track assets, military surveillance, etc.

Scope of the Report

The report includes CubeSats, PocketQubes, TubeSat, and SunCubes, which have been classified depending on mass within nanosatellites, microsatellites, and picosatellites. Small satellites have been segmented into minisatellite (100 kg - 500 kg), microsatellite (10 kg - 100 kg), nanosatellite (1 kg - 10 kg), picosatellite (0.1 kg - 1 kg), and femtosatellite (less than 100 gm) depending on mass.

Type
Minisatellite
Microsatellite
Nanosatellite
Picosatellite
Femtosatellite
End-user
Civil and Commercial
Military
Geography
Asia-Pacific
China
India
Japan
Australia
Rest of Asia-Pacific

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Key Market Trends

Nanosatellite Segment Accounted for a Major Market Share in 2019

Currently, the nanosatellite segment of the market accounted for the highest share in the market, and it is anticipated to continue its dominance over the market during the forecast period. The growth of the segment is mainly due to the increasing programs of nanosatellites in the region. Nanosatellites are widely deployed for earth observation and satellite communication applications. Various countries, like China, Japan, and India, among others, have been launching new nanosatellites. In order to increase its nanosatellite constellation to 50 satellites, in February 2019, Myriota partnered with Tyvak Nano-Satellite Systems Inc. to develop and launch multiple satellites, in 2019. These satellites will be used to provide direct-to-satellite Internet of Things (IoT) connectivity to its customers. Similarly, NanoAvionics was selected for manufacturing a 12U nano-satellite bus for the Singaporean research mission “Cathode-Less Micro Propulsion Satellite” (CaLeMPSat). Such missions are anticipated to accelerate the demand for nanosatellites in the near future.

asia pacific small satellite market segment

China Accounted for the Highest Market Share in the Asia-Pacific Small Satellite Market in 2019

China is investing heavily in the space-based capabilities, and according to the China National Space Administration, the country intends to launch about 100 satellites by 2025 and transform itself into a world-leading space power by 2045. The country launched approximately 40 nanosatellites during the 2018-2019 period. Various companies are investing in the development of small satellites to increase their satellite-based services. GalaxySpace, a communication satellite manufacturer, announced to invest about USD 700 million to launch a constellation of small satellites, mainly to provide global 5G communications, for the airline and maritime industries, emergency, and disaster responders, etc. China launched a new remote sensing satellite as a part of Jilin-1 satellite constellation in November 2019 for commercial applications, like geological disaster prevention, harvest assessment, and resource surveys. The government plans to launch 60 satellites by 2020 and 137 by 2030. Such long-term plans are anticipated to propel the demand for small satellites in the country.

asia pacific small satellite market geography

Competitive Landscape

Some of the prominent players in the market are Indian Space Research Organisation, Beijing Commsat Technology Development Co., Ltd., Spacety, NanoAvionics, and Thales Group. Spacety is one of the major companies that provide 10, 20 to 50 kg, and 200 kg small satellite platforms to governments, research institutes, universities, and commercial companies. The company is currently developing MiniSar, a synthetic-aperture radar (SAR) satellite, scheduled to be launched by the third quarter of 2020. There are many players in the market, including several universities, government agencies, and the militaries, which are launching their own satellites, thereby increasing the competition in the market. Also, the growth in satellite-based services in the region is propelling the partnership of service providers and the satellite manufacturers in the region, which is anticipated to increase the share and presence of the satellite manufacturers in the market.

asia pacific small satellite market CL.png

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

    3. 4.3 Market Restraints

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Type

      1. 5.1.1 Minisatellite

      2. 5.1.2 Microsatellite

      3. 5.1.3 Nanosatellite

      4. 5.1.4 Picosatellite

      5. 5.1.5 Femtosatellite

    2. 5.2 End-user

      1. 5.2.1 Civil and Commercial

      2. 5.2.2 Military

    3. 5.3 Geography

      1. 5.3.1 Asia-Pacific

        1. 5.3.1.1 China

        2. 5.3.1.2 India

        3. 5.3.1.3 Japan

        4. 5.3.1.4 Australia

        5. 5.3.1.5 Rest of Asia-Pacific

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Spacety

      2. 6.1.2 Beijing Commsat Technology Development Co. Ltd

      3. 6.1.3 Mitsubishi Electric Corporation

      4. 6.1.4 Indian Space Research Organisation

      5. 6.1.5 NanoAvionics

      6. 6.1.6 Tyvak Nano-Satellite Systems

      7. 6.1.7 Thales Group

      8. 6.1.8 Zhuhai Orbita Aerospace Technology Co. Ltd

      9. 6.1.9 Chang Guang Satellite Technology Co. Ltd

      10. 6.1.10 Lembaga Penerbangan dan Antariksa Nasional (LAPAN)

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Frequently Asked Questions

The Asia-Pacific Small Satellite Market market is studied from 2018 - 2026.

The Asia-Pacific Small Satellite Market is growing at a CAGR of >15% over the next 5 years.

Spacety , Beijing Commsat Technology Development Co., Ltd., Indian Space Research Organisation, NanoAvionics, Thales Group are the major companies operating in Asia-Pacific Small Satellite Market.

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