Asia-Pacific Remote Sensing Satellites Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2029

The Asia-Pacific Remote Sensing Satellites Market is segmented by Satellite Mass (10-100kg, 100-500kg, 500-1000kg, Below 10 Kg, above 1000kg), by Orbit Class (GEO, LEO, MEO), by Satellite Subsystem (Propulsion Hardware and Propellant, Satellite Bus & Subsystems, Solar Array & Power Hardware, Structures, Harness & Mechanisms) and by End User (Commercial, Military & Government). 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.

INSTANT ACCESS

Home Market Analysis Aerospace & Defense Research Space Research Asia-Pacific Remote Sensing Satellites Market

Asia-Pacific Remote Sensing Satellites Market Size

Single User License

$4750

Team License

$5250

Corporate License

$8750

Book before:
Asia-Pacific Remote Sensing Satellites Market Summary
share button
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 19.30 Billion
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg Market Size (2029) USD 38.91 Billion
https://s3.mordorintelligence.com/hydraulic_fluids/1629285650767_test~hydraulic_fluids_hydraulic_fluids.svg Largest Share by Orbit Class LEO
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg CAGR (2024 - 2029) 15.05 %
https://s3.mordorintelligence.com/globe/1629285706162_test~globe_globe.svg Largest Share by Country South Korea

Major Players

Asia-Pacific Remote Sensing Satellites Market Major Players

*Disclaimer: Major Players sorted in no particular order

Key Players

WHY BUY FROM US?

1. CRISP & INSIGHTFUL
2. TRUE BOTTOM-UP
3. EXHAUSTIVENESS
4. TRANSPARENCY
5. CONVENIENCE
KNOW MORE

Single User License

$4750

Team License

$5250

Corporate License

$8750

Book before:

Asia-Pacific Remote Sensing Satellites Market Analysis

The Asia-Pacific Remote Sensing Satellites Market size is estimated at USD 19.30 billion in 2024, and is expected to reach USD 38.91 billion by 2029, growing at a CAGR of 15.05% during the forecast period (2024-2029).

19.30 Billion

Market Size in 2024 (USD)

38.91 Billion

Market Size in 2029 (USD)

19.33 %

CAGR (2017-2023)

15.05 %

CAGR (2024-2029)

Largest Market by Satellite Mass

76.63 %

value share, above 1000kg, 2022

Icon image

Large satellites register higher demand due to 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 into orbit.

Largest Market by Orbit Class

87.05 %

value share, LEO, 2022

Icon image

LEO satellites are increasingly being adopted in modern communication technologies as they play an important role in Earth observation applications.

Largest Market by End User

92.71 %

value share, Military & Government, 2022

Icon image

The military and government segment is expected to grow significantly due to the increasing use of satellites in surveillance missions and the rising involvement of government space agencies in satellite development programs.

Leading Market Player

86.31 %

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

Icon image

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.

LEO satellites are significantly driving market demand

  • The Asia-Pacific region 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 orbit (GEO).
  • LEO satellites have become increasingly popular for various 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 are offering satellite buses for LEO missions. China has been active in this market with the launch of its Gaofen series satellites.
  • MEO satellites have become increasingly important for global navigation and positioning services such as GPS and Galileo. In the Asia-Pacific region, Japan has been a leader in this field, 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 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 satellites.
Asia-Pacific Remote Sensing Satellites Market

Asia-Pacific Remote Sensing Satellites Market Trends

Rising demand for satellite miniaturization is driving the market

  • Miniature satellites leverage advances in computation, miniaturized electronics, and packaging to produce sophisticated mission capabilities. As microsatellites can share the ride to space with other missions, they offer a considerable reduction in 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 have decreased over the last three years, the satellite market in these countries continues to hold huge potential. Ongoing investments in startups and nano and microsatellite development projects are expected to boost the revenue growth of the region. From 2017 to 2022, more than 550 nano and microsatellites were placed into orbit by various players in the region.
  • China is investing significant resources toward augmenting its space-based capabilities. The country has launched the largest number of nano and microsatellites in the Asia-Pacific region. In April 2022, Chinese startup SpaceWish’s nanosatellite was launched into LEO aboard the CZ-2C (3) rocket. XINGYUAN-2 is a 6U remote sensing CubeSat that weighs approximately 7.5 kg.
  • Singapore has become a pioneer in the fabrication of nanosatellites, with several models being designed each year for scientific missions. The SpooQy-1 NanoSat, which was launched by JAXA in 2019, is the brainchild of the Centre for Quantum Technologies (CQT) at the National University of Singapore. The 3,000 cm3 satellite weighs just 2.6 kg and is designed to demonstrate the physical phenomenon of quantum entanglement in space, which, if proven, may unlock quantum communications in space and attract investments worth USD 20 billion by 2030.
Asia-Pacific Remote Sensing Satellites Market

Rising investment opportunities in the market are driving spending on space programs

  • Considering the increase in space-related activities in the Asia-Pacific region, satellite manufacturers are enhancing their production capabilities to tap into the rapidly emerging market potential. The prominent countries in Asia-Pacific that possess a robust space infrastructure are China, India, Japan, and South Korea. China National Space Administration 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 providing satellite internet services.
  • 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. These activities include 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 also recently started investing in space technology. As of March 2021, the Indonesian government had secured USD 545 million to continue the fabrication of the Very High Throughput Satellite (SATRIA), using a Public Private Partnership (PPP) scheme.
Asia-Pacific Remote Sensing Satellites Market

OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT

  • Small satellites are poised to create demand in the market
  • Rising demand for satellite miniaturization is driving the market

Asia-Pacific Remote Sensing Satellites Industry Overview

The Asia-Pacific Remote Sensing Satellites Market is fairly consolidated, with the top five companies occupying 96.77%. The major players in this market are Axelspace Corporation, Chang Guang Satellite Technology Co. Ltd, China Aerospace Science and Technology Corporation (CASC), Japan Aerospace Exploration Agency (JAXA) and Korea Aerospace Research Institute (KARI) (sorted alphabetically).

Asia-Pacific Remote Sensing Satellites Market Leaders

  1. Axelspace Corporation​

  2. Chang Guang Satellite Technology Co. Ltd

  3. China Aerospace Science and Technology Corporation (CASC)

  4. Japan Aerospace Exploration Agency (JAXA)

  5. Korea Aerospace Research Institute (KARI)

Asia-Pacific Remote Sensing Satellites Market Concentration

Other important companies include Airbus SE, Esri, GomSpaceApS, IHI Corp, ImageSat International, Indian Space Research Organisation (ISRO), Lockheed Martin Corporation, Maxar Technologies Inc., Mitsubishi Heavy Industries, Northrop Grumman Corporation, Planet Labs Inc., Spire Global, Inc., Thales.

*Disclaimer: Major Players sorted in alphabetical order.

Need More Details on Market Players and Competitors?
Download PDF

Asia-Pacific Remote Sensing Satellites Market News

  • March 2023: The Japan Aerospace Exploration Agency (JAXA) had scheduled the launch of the first H3 Launch Vehicle with the Advanced Land Observing Satellite "Daichi 3" (ALOS-3) onboard from the Tanegashima Space Center.
  • February 2023: NASA and geographic information service provider Esri will grant wider access to the space agency's geospatial content for research and exploration purposes through the Space Act Agreement.
  • January 2023: Axelspace announced an agreement with NorthStar Earth & Space Inc. Through this partnership, Axelspace will utilize five AxelGlobe Earth observation satellites, GRUS, to provide complementary satellite imaging data for NorthStar's space situational awareness (SSA) efforts.

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 Remote Sensing Satellites Market
Asia-Pacific Remote Sensing Satellites Market
Asia-Pacific Remote Sensing Satellites Market
Asia-Pacific Remote Sensing Satellites Market

Asia-Pacific Remote Sensing Satellites 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 Mass
  • 4.2 Satellite Miniaturization
  • 4.3 Spending On Space Programs
  • 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)

  • 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
  • 5.2 Orbit Class
    • 5.2.1 GEO
    • 5.2.2 LEO
    • 5.2.3 MEO
  • 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
  • 5.4 End User
    • 5.4.1 Commercial
    • 5.4.2 Military & Government
    • 5.4.3 Other

6. COMPETITIVE LANDSCAPE

  • 6.1 Key Strategic Moves
  • 6.2 Market Share Analysis
  • 6.3 Company Landscape
  • 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 Axelspace Corporation
    • 6.4.3 Chang Guang Satellite Technology Co. Ltd
    • 6.4.4 China Aerospace Science and Technology Corporation (CASC)
    • 6.4.5 Esri
    • 6.4.6 GomSpaceApS
    • 6.4.7 IHI Corp
    • 6.4.8 ImageSat International
    • 6.4.9 Indian Space Research Organisation (ISRO)
    • 6.4.10 Japan Aerospace Exploration Agency (JAXA)
    • 6.4.11 Korea Aerospace Research Institute (KARI)
    • 6.4.12 Lockheed Martin Corporation
    • 6.4.13 Maxar Technologies Inc.
    • 6.4.14 Mitsubishi Heavy Industries
    • 6.4.15 Northrop Grumman Corporation
    • 6.4.16 Planet Labs Inc.
    • 6.4.17 Spire Global, Inc.
    • 6.4.18 Thales

7. KEY STRATEGIC QUESTIONS FOR SATELLITE CEOS

8. APPENDIX

  • 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
** Subject To Availablity

List of Tables & Figures

  1. Figure 1:  
  2. SATELLITE MASS (ABOVE 10KG) BY REGION, NUMBER OF SATELLITES LAUNCHED, ASIA-PACIFIC, 2017 - 2022
  1. Figure 2:  
  2. MINIATURE SATELLITES (BELOW 10KG), NUMBER OF LAUNCHES, 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 REMOTE SENSING SATELLITES MARKET, VALUE, USD, 2017 - 2029
  1. Figure 5:  
  2. VALUE OF REMOTE SENSING SATELLITES MARKET BY SATELLITE MASS, USD, ASIA-PACIFIC, 2017 - 2029
  1. Figure 6:  
  2. VALUE SHARE OF REMOTE SENSING SATELLITES MARKET BY SATELLITE MASS, %, ASIA-PACIFIC, 2017 VS 2023 VS 2029
  1. Figure 7:  
  2. VALUE OF 10-100KG MARKET, USD, ASIA-PACIFIC, 2017 - 2029
  1. Figure 8:  
  2. VALUE OF 100-500KG MARKET, USD, ASIA-PACIFIC, 2017 - 2029
  1. Figure 9:  
  2. VALUE OF 500-1000KG MARKET, USD, ASIA-PACIFIC, 2017 - 2029
  1. Figure 10:  
  2. VALUE OF BELOW 10 KG MARKET, USD, ASIA-PACIFIC, 2017 - 2029
  1. Figure 11:  
  2. VALUE OF ABOVE 1000KG MARKET, USD, ASIA-PACIFIC, 2017 - 2029
  1. Figure 12:  
  2. VALUE OF REMOTE SENSING SATELLITES MARKET BY ORBIT CLASS, USD, ASIA-PACIFIC, 2017 - 2029
  1. Figure 13:  
  2. VALUE SHARE OF REMOTE SENSING SATELLITES MARKET BY ORBIT CLASS, %, ASIA-PACIFIC, 2017 VS 2023 VS 2029
  1. Figure 14:  
  2. VALUE OF GEO MARKET, USD, ASIA-PACIFIC, 2017 - 2029
  1. Figure 15:  
  2. VALUE OF LEO MARKET, USD, ASIA-PACIFIC, 2017 - 2029
  1. Figure 16:  
  2. VALUE OF MEO MARKET, USD, ASIA-PACIFIC, 2017 - 2029
  1. Figure 17:  
  2. VALUE OF REMOTE SENSING SATELLITES MARKET BY SATELLITE SUBSYSTEM, USD, ASIA-PACIFIC, 2017 - 2029
  1. Figure 18:  
  2. VALUE SHARE OF REMOTE SENSING SATELLITES MARKET BY SATELLITE SUBSYSTEM, %, ASIA-PACIFIC, 2017 VS 2023 VS 2029
  1. Figure 19:  
  2. VALUE OF PROPULSION HARDWARE AND PROPELLANT MARKET, USD, ASIA-PACIFIC, 2017 - 2029
  1. Figure 20:  
  2. VALUE OF SATELLITE BUS & SUBSYSTEMS MARKET, USD, ASIA-PACIFIC, 2017 - 2029
  1. Figure 21:  
  2. VALUE OF SOLAR ARRAY & POWER HARDWARE MARKET, USD, ASIA-PACIFIC, 2017 - 2029
  1. Figure 22:  
  2. VALUE OF STRUCTURES, HARNESS & MECHANISMS MARKET, USD, ASIA-PACIFIC, 2017 - 2029
  1. Figure 23:  
  2. VALUE OF REMOTE SENSING SATELLITES MARKET BY END USER, USD, ASIA-PACIFIC, 2017 - 2029
  1. Figure 24:  
  2. VALUE SHARE OF REMOTE SENSING SATELLITES MARKET BY END USER, %, ASIA-PACIFIC, 2017 VS 2023 VS 2029
  1. Figure 25:  
  2. VALUE OF COMMERCIAL MARKET, USD, ASIA-PACIFIC, 2017 - 2029
  1. Figure 26:  
  2. VALUE OF MILITARY & GOVERNMENT MARKET, USD, ASIA-PACIFIC, 2017 - 2029
  1. Figure 27:  
  2. VALUE OF OTHER MARKET, USD, ASIA-PACIFIC, 2017 - 2029
  1. Figure 28:  
  2. NUMBER OF STRATEGIC MOVES OF MOST ACTIVE COMPANIES, ASIA-PACIFIC REMOTE SENSING SATELLITES MARKET, ASIA-PACIFIC, 2017 - 2029
  1. Figure 29:  
  2. TOTAL NUMBER OF STRATEGIC MOVES OF COMPANIES, ASIA-PACIFIC REMOTE SENSING SATELLITES MARKET, ASIA-PACIFIC, 2017 - 2029
  1. Figure 30:  
  2. MARKET SHARE OF ASIA-PACIFIC REMOTE SENSING SATELLITES MARKET, %, ASIA-PACIFIC, 2022

Asia-Pacific Remote Sensing Satellites 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. Commercial, Military & Government are covered as segments by End User.

  • The Asia-Pacific region 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 orbit (GEO).
  • LEO satellites have become increasingly popular for various 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 are offering satellite buses for LEO missions. China has been active in this market with the launch of its Gaofen series satellites.
  • MEO satellites have become increasingly important for global navigation and positioning services such as GPS and Galileo. In the Asia-Pacific region, Japan has been a leader in this field, 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 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 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
End User Commercial
Military & Government
Other
Need A Different Region Or Segment?
Customize Now

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.
Need More Details on Market Definition?
Ask a Question

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.
research-methodology
Get More Details On Research Methodology
Download PDF
close-icon
80% of our clients seek made-to-order reports. How do you want us to tailor yours?

Please enter a valid email id!

Please enter a valid message!

WHY BUY FROM US?
card-img
01. Crisp, insightful analysis
Our focus is NOT on word count. We present only the key trends impacting the market so you don’t waste time finding a needle in the haystack.
card-img
02. True Bottom-Up Approach
We study the industry, not just the market. Our bottom-up approach ensures we have a broad and deep understanding of the forces that shape the industry.
card-img
03. Exhaustive Data
Tracking a million data points on the satellite industry. Our constant market tracking covers over 1 million+ data points spanning 45 countries and over 150 companies just for the satellite industry.
card-img
04. Transparency
Know where your data comes from. Most market reports today hide the sources used behind the veil of a proprietary model. We proudly present them so you can trust our information.
card-img
05. Convenience
Tables belong in spreadsheets. Like you, we also believe that spreadsheets are better suited for data evaluation. We don't clutter our reports with data tables. We provide an excel document with each report that contains all the data used to analyze the market.

Asia-Pacific Remote Sensing Satellites Market Research FAQs

The Asia-Pacific Remote Sensing Satellites Market size is expected to reach USD 19.30 billion in 2024 and grow at a CAGR of 15.05% to reach USD 38.91 billion by 2029.

In 2024, the Asia-Pacific Remote Sensing Satellites Market size is expected to reach USD 19.30 billion.

Axelspace Corporation​, Chang Guang Satellite Technology Co. Ltd, China Aerospace Science and Technology Corporation (CASC), Japan Aerospace Exploration Agency (JAXA) and Korea Aerospace Research Institute (KARI) are the major companies operating in the Asia-Pacific Remote Sensing Satellites Market.

In the Asia-Pacific Remote Sensing Satellites Market, the LEO segment accounts for the largest share by orbit class.

In 2024, South Korea accounts for the largest share by country in the Asia-Pacific Remote Sensing Satellites Market.

In 2023, the Asia-Pacific Remote Sensing Satellites Market size was estimated at USD 16.75 billion. The report covers the Asia-Pacific Remote Sensing Satellites Market historical market size for years: 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Asia-Pacific Remote Sensing Satellites Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Asia-Pacific Remote Sensing Satellites Industry Report

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

Asia-Pacific Remote Sensing Satellites Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2029

v