Asia-Pacific Military Satellite Market Size

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).

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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 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.