Asia-Pacific Military Satellite Market Size
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Study Period | 2017 - 2029 |
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Market Size (2024) | USD 20.36 Billion |
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Market Size (2029) | USD 34.77 Billion |
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Largest Share by Orbit Class | LEO |
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CAGR (2024 - 2029) | 11.30 % |
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Largest Share by Country | South Korea |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Asia-Pacific Military Satellite Market Analysis
The Asia-Pacific Military Satellite Market size is estimated at USD 20.36 billion in 2024, and is expected to reach USD 34.77 billion by 2029, growing at a CAGR of 11.30% during the forecast period (2024-2029).
20.36 Billion
Market Size in 2024 (USD)
34.77 Billion
Market Size in 2029 (USD)
12.71 %
CAGR (2017-2023)
11.30 %
CAGR (2024-2029)
Largest Market by Satellite Mass
68.18 %
value share, above 1000kg, 2022
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 Satellite Subsystem
80.28 %
value share, Propulsion Hardware and Propellant, 2022
The demand for these propulsion systems is driven by the launch of mass satellite constellations into space. They are used for transferring the spacecraft to the orbit.
Largest Market by Orbit Class
84.81 %
value share, LEO, 2022
LEO satellites are increasingly being adopted in modern communication technologies. These satellites serve an important role in Earth observation applications.
Largest Market by Application
83.28 %
value share, Earth Observation, 2022
Earth observation satellites are used for weather forecasting, forestry mapping, and pollution monitoring. The growing adoption of VAS by private companies and organizations is likely to fuel the growth of satellite-based Earth observation.
Leading Market Player
95 %
market share, China Aerospace Science and Technology Corporation (CASC), 2022
China Aerospace Science and Technology Corporation is the leading player in the market. CASC offers a wide range of launch vehicles and adopts a competitive pricing strategy to attract customers across the world.
LEO satellites driving the demand by occupying a major share of 84% in 2029
- Asia-Pacific has seen a significant increase in the demand for military satellites 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 the Gao Fen series satellites.
- MEO satellites have become increasingly important for global navigation and positioning services such as GPS and Galileo. In the region, China has been a leader in this area 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.
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Asia-Pacific Military Satellite Market Trends
Increasing demand for satellite miniaturization globally
- Miniature satellites leverage advances in computation, miniaturized electronics, and packaging to produce sophisticated mission capabilities. Microsatellites can share the ride to space with other missions and offer a considerable reduction in launch costs. The demand from Asia-Pacific is primarily driven by China, Japan, South Korea, and India, which manufacture the largest number of small satellites each year. Though the launches from the country have decreased over the last three years, a huge potential lies in the country’s industry, and the ongoing investments in the startups and the nano and microsatellite development projects are expected to boost the revenue growth of the region. Between 2017 and 2022, more than 50 nano and microsatellites were placed into orbit by various players in the region.
- For instance, in November 2021, China successfully launched a new remote-sensing satellite, Yaogan-35A, into space from the Xichang Satellite Launch Center. Yaogan-35A is an intelligence, surveillance, and reconnaissance (ISR) satellite. The Yaogan-35A series of satellites are built by the Small Satellite Centre at the China Academy of Science (CAS). It is speculated that these satellites are signals or electronic intelligence (SIGINT/ELINT) gathering systems that will collect and geolocate radio emissions from ships and are part of the Chinese maritime domain awareness mission.
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Investment opportunities in the global satellite manufacturing market
- Considering the increase in space-related activities in Asia-Pacific, satellite manufacturers are enhancing their satellite production capabilities to tap into the rapidly emerging market potential. The prominent countries in Asia-Pacific that pose a robust space infrastructure are China, India, Japan, and South Korea. China National Space Administration (CNSA) announced space exploration priorities for the 2021-2025 period, 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 for the development of a 13,000-satellite constellation for satellite internet.
- In 2022, according to the draft budget of Japan, the space budget of the country was over USD 1.4 billion, which included investment for space activities of 11 government ministries, such as the development of the H3 rocket, Engineering Test Satellite-9, and the nation’s Information Gathering Satellite (IGS) 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 seen 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 have 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.
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OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- Small satellites are poised to create demand in the market
Asia-Pacific Military Satellite Industry Overview
The Asia-Pacific Military Satellite Market is fairly consolidated, with the top five companies occupying 95%. The major players in this market are Airbus SE, China Aerospace Science and Technology Corporation (CASC), Innovative Solutions in Space BV, Mitsubishi Heavy Industries and Thales (sorted alphabetically).
Asia-Pacific Military Satellite Market Leaders
Airbus SE
China Aerospace Science and Technology Corporation (CASC)
Innovative Solutions in Space BV
Mitsubishi Heavy Industries
Thales
Other important companies include Indian Space Research Organisation (ISRO).
*Disclaimer: Major Players sorted in alphabetical order.
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Asia-Pacific Military Satellite Market News
- October 2023: Mitsubishi Electric was given a contract by JAXA, the Ministry of Environment, and the National Institute of Environmental Studies, Japan, to build the Greenhouse Gases Observing Satellite-2 (GOSAT-2). The satellite was launched from the Tanegashima Space Center in southern Japan.
- September 2023: The Royal Thai Air Force awarded Innovative Solutions In Space a contract to build its next satellite mission based on an ISISpace 6U CubeSat.
- February 2023: Mitsubishi Electric was given a contract by Cabinet Satellite Intelligence Center (CSIC) to build a reconnaissance satellite named IGS Optical 7. The satellite was launched from the Tanegashima Space Center in southern Japan.
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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 Military Satellite 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 Satellite Mass
- 4.3 Spending On Space Programs
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4.4 Regulatory Framework
- 4.4.1 Australia
- 4.4.2 Japan
- 4.4.3 Singapore
- 4.5 Value Chain & Distribution Channel Analysis
5. MARKET SEGMENTATION (includes market size in Value in USD, Forecasts up to 2029 and analysis of growth prospects)
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5.1 Satellite Mass
- 5.1.1 10-100kg
- 5.1.2 100-500kg
- 5.1.3 500-1000kg
- 5.1.4 Below 10 Kg
- 5.1.5 above 1000kg
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5.2 Orbit Class
- 5.2.1 GEO
- 5.2.2 LEO
- 5.2.3 MEO
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5.3 Satellite Subsystem
- 5.3.1 Propulsion Hardware and Propellant
- 5.3.2 Satellite Bus & Subsystems
- 5.3.3 Solar Array & Power Hardware
- 5.3.4 Structures, Harness & Mechanisms
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5.4 Application
- 5.4.1 Communication
- 5.4.2 Earth Observation
- 5.4.3 Navigation
- 5.4.4 Space Observation
- 5.4.5 Others
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 Airbus SE
- 6.4.2 China Aerospace Science and Technology Corporation (CASC)
- 6.4.3 Indian Space Research Organisation (ISRO)
- 6.4.4 Innovative Solutions in Space BV
- 6.4.5 Mitsubishi Heavy Industries
- 6.4.6 Thales
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:
- SATELLITE MASS (ABOVE 10KG) BY REGION, NUMBER OF SATELLITES LAUNCHED, ASIA-PACIFIC, 2017 - 2022
- Figure 3:
- SPENDING ON SPACE PROGRAMS BY REGION, USD, ASIA-PACIFIC, 2017 - 2022
- Figure 4:
- ASIA-PACIFIC MILITARY SATELLITE MARKET, VALUE, USD, 2017 - 2029
- Figure 5:
- VALUE OF MILITARY SATELLITE MARKET BY SATELLITE MASS, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 6:
- VALUE SHARE OF MILITARY SATELLITE MARKET BY SATELLITE MASS, %, ASIA-PACIFIC, 2017 VS 2023 VS 2029
- Figure 7:
- VALUE OF 10-100KG MARKET, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 8:
- VALUE OF 100-500KG MARKET, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 9:
- VALUE OF 500-1000KG MARKET, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 10:
- VALUE OF BELOW 10 KG MARKET, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 11:
- VALUE OF ABOVE 1000KG MARKET, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 12:
- VALUE OF MILITARY SATELLITE MARKET BY ORBIT CLASS, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 13:
- VALUE SHARE OF MILITARY SATELLITE MARKET BY ORBIT CLASS, %, ASIA-PACIFIC, 2017 VS 2023 VS 2029
- Figure 14:
- VALUE OF GEO MARKET, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 15:
- VALUE OF LEO MARKET, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 16:
- VALUE OF MEO MARKET, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 17:
- VALUE OF MILITARY SATELLITE MARKET BY SATELLITE SUBSYSTEM, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 18:
- VALUE SHARE OF MILITARY SATELLITE MARKET BY SATELLITE SUBSYSTEM, %, ASIA-PACIFIC, 2017 VS 2023 VS 2029
- Figure 19:
- VALUE OF PROPULSION HARDWARE AND PROPELLANT MARKET, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 20:
- VALUE OF SATELLITE BUS & SUBSYSTEMS MARKET, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 21:
- VALUE OF SOLAR ARRAY & POWER HARDWARE MARKET, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 22:
- VALUE OF STRUCTURES, HARNESS & MECHANISMS MARKET, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 23:
- VALUE OF MILITARY SATELLITE MARKET BY APPLICATION, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 24:
- VALUE SHARE OF MILITARY SATELLITE MARKET BY APPLICATION, %, ASIA-PACIFIC, 2017 VS 2023 VS 2029
- Figure 25:
- VALUE OF COMMUNICATION MARKET, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 26:
- VALUE OF EARTH OBSERVATION MARKET, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 27:
- VALUE OF NAVIGATION MARKET, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 28:
- VALUE OF SPACE OBSERVATION MARKET, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 29:
- VALUE OF OTHERS MARKET, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 30:
- NUMBER OF STRATEGIC MOVES OF MOST ACTIVE COMPANIES, ASIA-PACIFIC MILITARY SATELLITE MARKET, ASIA-PACIFIC, 2017 - 2029
- Figure 31:
- TOTAL NUMBER OF STRATEGIC MOVES OF COMPANIES, ASIA-PACIFIC MILITARY SATELLITE MARKET, ASIA-PACIFIC, 2017 - 2029
- Figure 32:
- MARKET SHARE OF ASIA-PACIFIC MILITARY SATELLITE MARKET, %, ASIA-PACIFIC, 2022
Asia-Pacific Military Satellite Industry Segmentation
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. Propulsion Hardware and Propellant, Satellite Bus & Subsystems, Solar Array & Power Hardware, Structures, Harness & Mechanisms are covered as segments by Satellite Subsystem. Communication, Earth Observation, Navigation, Space Observation, Others are covered as segments by Application.
- Asia-Pacific has seen a significant increase in the demand for military satellites 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 the Gao Fen series satellites.
- MEO satellites have become increasingly important for global navigation and positioning services such as GPS and Galileo. In the region, China has been a leader in this area 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.
| Satellite Mass | 10-100kg |
| 100-500kg | |
| 500-1000kg | |
| Below 10 Kg | |
| above 1000kg | |
| Orbit Class | GEO |
| LEO | |
| MEO | |
| Satellite Subsystem | Propulsion Hardware and Propellant |
| Satellite Bus & Subsystems | |
| Solar Array & Power Hardware | |
| Structures, Harness & Mechanisms | |
| Application | Communication |
| Earth Observation | |
| Navigation | |
| Space Observation | |
| Others |
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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.
- Category - North America Space Propulsion Market
- 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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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.
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