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Asia Pacific Space Launch Services Market Strategic Roadmap: Analysis and Forecasts 2024-2032

Asia Pacific Space Launch Services Market by Orbit Type (LEO, MEO, GEO, Others), by Launch Vehicle (Small Lift Launch Vehicle, Medium Lift Launch Vehicle, Heavy Lift Launch Vehicle), by Payload (Satellite, Cargo, Human Spacecraft, Testing Probes), by Forecast 2024-2032

Nov 3 2024
Base Year: 2023
120 Pages
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Asia Pacific Space Launch Services Market Strategic Roadmap: Analysis and Forecasts 2024-2032

Key Insights

The Asia Pacific Space Launch Services Market size was valued at USD 8.07 USD billion in 2023 and is projected to reach USD 18.52 USD billion by 2032, exhibiting a CAGR of 12.6 % during the forecast period. The market for space launch services has become an increasingly important part of the wider space economy due to increasing demand for launching satellites for a variety of purposes, including communications, navigation, Earth observation and scientific research. Private companies such as SpaceX, Blue Origin and Rocket Lab have been major disruptors in the industry, challenging traditional government launch providers with innovative rocket designs, reusable technology and aggressive cost-cutting. SpaceX has emerged as a dominant player in the industry thanks to reusable rockets and aggressive pricing strategies that have won contracts from government agencies and private companies. The market for space launch services has grown and evolved significantly in recent years due to increased demand for satellite deployments, research missions, and advances in space technology. Both established space agencies and nascent private space companies are contributing to this expanding market, fostering competition and innovation.

Asia Pacific Space Launch Services Market Research Report - Market Size, Growth & Forecast

Asia Pacific Space Launch Services Trends

  • Growing demand for satellite services
  • Increasing number of space missions
  • Government initiatives to promote space exploration
  • Technological advancements in launch vehicles and propulsion systems

Driving Forces: What's Propelling the Asia Pacific Space Launch Services Market

  • Increasing demand for satellite services for communication, broadcasting, and navigation
  • Government initiatives to promote space exploration and scientific research
  • Technological advancements in launch vehicles and propulsion systems
  • Rising investment in commercial space ventures
  • Growing awareness about the benefits of space-based services

Challenges and Restraints in Asia Pacific Space Launch Services Market

  • High cost of space launch services: The cost of launching a satellite into orbit can be significant, and this can be a barrier to entry for new players in the market.
  • Regulatory challenges: The space launch industry is heavily regulated, and this can add to the complexity and cost of operating a space launch business.
  • Availability of launch facilities: There are a limited number of launch facilities available in the Asia Pacific region, and this can create competition for launch slots.
  • Competition from global players: The Asia Pacific space launch services market is dominated by a few large global players, and this can make it difficult for smaller companies to compete.
  • Geopolitical factors: The Asia Pacific region has a complex geopolitical landscape, and this can affect the space launch industry. For example, tensions between China and the United States have led to restrictions on the use of Chinese launch vehicles by US companies.

Emerging Trends in Asia Pacific Space Launch Services

  • Reusable launch vehicles
  • Electric propulsion systems
  • Small satellite launch services
  • Commercialization of space

Growth Catalysts in Asia Pacific Space Launch Services Industry

Asia Pacific Space Launch Services Market Growth
  • Growing demand for satellite services in emerging markets
  • Government support for space exploration and development
  • Technological advancements in launch vehicles and propulsion systems
  • Increasing investment in commercial space ventures

Market Segmentation: Asia Pacific Space Launch Services Analysis

Orbit Type:

  • LEO (Low Earth Orbit)
  • MEO (Medium Earth Orbit)
  • GEO (Geostationary Earth Orbit)
  • Others

Launch Vehicle:

  • Small Lift Launch Vehicle
  • Medium Lift Launch Vehicle
  • Heavy Lift Launch Vehicle

Payload:

  • Satellite
  • Cargo
  • Human Spacecraft
  • Testing Probes

Leading Players in the Asia Pacific Space Launch Services Market

  • Antrix Corporation Limited (India) 
  • Indian Space Research Organisation (ISRO) (India) 
  • Thaicom Public Company Limited (Thailand) 
  • China Great Wall Industry Corporation (China) 
  • Hindustan Aeronautics Limited (India) 
  • CAS Space (China) 
  • Arianespace (China) 
  • Mitsubishi Heavy Industries, LTD. (Japan) 
  • Space Pioneer (China)  
  • Axelspace Corporation (Japan) 
  • KT Sat Co., Ltd (South Korea)  
  • Intellian Technologies, Inc (South Korea) 

Significant developments in Asia Pacific Space Launch Services Sector

  • ISRO's successful launch of the Chandrayaan-2 mission to the moon
  • China's successful launch of the Tianwen-1 mission to Mars
  • The launch of SpaceX's Starlink satellite constellation
  • The development of reusable launch vehicles by SpaceX and Blue Origin

Comprehensive Coverage Asia Pacific Space Launch Services Market Report

Regional Insight

Asia Pacific Space Launch Services Market Regional Share

The Asia Pacific space launch services market is dominated by China and India, accounting for a majority of the market share. Other countries in the region such as Japan, South Korea, and Thailand are also making significant contributions to the market.

Asia Pacific Space Launch Services Market REPORT HIGHLIGHTS

AspectsDetails
Study Period 2018-2032
Base Year 2023
Estimated Year 2024
Forecast Period2024-2032
Historical Period2018-2023
Growth RateCAGR of 12.6% from 2018-2032
Segmentation
    • By Orbit Type
      • LEO
      • MEO
      • GEO
      • Others
    • By Launch Vehicle
      • Small Lift Launch Vehicle
      • Medium Lift Launch Vehicle
      • Heavy Lift Launch Vehicle
    • By Payload
      • Satellite
      • Cargo
      • Human Spacecraft
      • Testing Probes
  • By Geography

Frequently Asked Questions

Table Of Content
  1. 1. Introduction
    • 1.1. Research Scope
    • 1.2. Market Segmentation
    • 1.3. Research Methodology
    • 1.4. Definitions and Assumptions
  2. 2. Executive Summary
    • 2.1. Introduction
  3. 3. Market Dynamics
    • 3.1. Introduction
      • 3.2. Market Drivers
        • 3.2.1. Rising Demand for Satellite Communication Equipment Due to Growing Space Exploration Programs Will Aid Market Growth
      • 3.3. Market Restrains
        • 3.3.1 Frequent Space Launch Failures Affect Credibility of Space Stations
        • 3.3.2 which May Hamper Market Growth
      • 3.4. Market Trends
  4. 4. Market Factor Analysis
    • 4.1. Porters Five Forces
    • 4.2. Supply/Value Chain
    • 4.3. PESTEL analysis
    • 4.4. Market Entropy
    • 4.5. Patent/Trademark Analysis
  5. 5. Asia Pacific Space Launch Services Market Analysis, Insights and Forecast, 2018-2030
    • 5.1. Market Analysis, Insights and Forecast - by Orbit Type
      • 5.1.1. LEO
      • 5.1.2. MEO
      • 5.1.3. GEO
      • 5.1.4. Others
    • 5.2. Market Analysis, Insights and Forecast - by Launch Vehicle
      • 5.2.1. Small Lift Launch Vehicle
      • 5.2.2. Medium Lift Launch Vehicle
      • 5.2.3. Heavy Lift Launch Vehicle
    • 5.3. Market Analysis, Insights and Forecast - by Payload
      • 5.3.1. Satellite
      • 5.3.2. Cargo
      • 5.3.3. Human Spacecraft
      • 5.3.4. Testing Probes
    • 5.4. Market Analysis, Insights and Forecast - by Region
      • 5.4.1.
  6. 6. China Asia Pacific Space Launch Services Market Analysis, Insights and Forecast, 2018-2030
      • 6.1. Market Analysis, Insights and Forecast - By Orbit Type
        • 6.1.1 LEO
        • 6.1.2 MEO
        • 6.1.3 GEO
        • 6.1.4 Others
      • 6.2. Market Analysis, Insights and Forecast - By Launch Vehicle
        • 6.2.1 Small Lift Launch Vehicle
        • 6.2.2 Medium Lift Launch Vehicle
        • 6.2.3 Heavy Lift Launch Vehicle
      • 6.3. Market Analysis, Insights and Forecast - By Payload
        • 6.3.1 Satellite
        • 6.3.2 Cargo
        • 6.3.3 Human Spacecraft
        • 6.3.4 Testing Probes
  7. 7. Japan Asia Pacific Space Launch Services Market Analysis, Insights and Forecast, 2018-2030
      • 7.1. Market Analysis, Insights and Forecast - By Orbit Type
        • 7.1.1 LEO
        • 7.1.2 MEO
        • 7.1.3 GEO
        • 7.1.4 Others
      • 7.2. Market Analysis, Insights and Forecast - By Launch Vehicle
        • 7.2.1 Small Lift Launch Vehicle
        • 7.2.2 Medium Lift Launch Vehicle
        • 7.2.3 Heavy Lift Launch Vehicle
      • 7.3. Market Analysis, Insights and Forecast - By Payload
        • 7.3.1 Satellite
        • 7.3.2 Cargo
        • 7.3.3 Human Spacecraft
        • 7.3.4 Testing Probes
  8. 8. India Asia Pacific Space Launch Services Market Analysis, Insights and Forecast, 2018-2030
      • 8.1. Market Analysis, Insights and Forecast - By Orbit Type
        • 8.1.1 LEO
        • 8.1.2 MEO
        • 8.1.3 GEO
        • 8.1.4 Others
      • 8.2. Market Analysis, Insights and Forecast - By Launch Vehicle
        • 8.2.1 Small Lift Launch Vehicle
        • 8.2.2 Medium Lift Launch Vehicle
        • 8.2.3 Heavy Lift Launch Vehicle
      • 8.3. Market Analysis, Insights and Forecast - By Payload
        • 8.3.1 Satellite
        • 8.3.2 Cargo
        • 8.3.3 Human Spacecraft
        • 8.3.4 Testing Probes
  9. 9. South Korea Asia Pacific Space Launch Services Market Analysis, Insights and Forecast, 2018-2030
      • 9.1. Market Analysis, Insights and Forecast - By Orbit Type
        • 9.1.1 LEO
        • 9.1.2 MEO
        • 9.1.3 GEO
        • 9.1.4 Others
      • 9.2. Market Analysis, Insights and Forecast - By Launch Vehicle
        • 9.2.1 Small Lift Launch Vehicle
        • 9.2.2 Medium Lift Launch Vehicle
        • 9.2.3 Heavy Lift Launch Vehicle
      • 9.3. Market Analysis, Insights and Forecast - By Payload
        • 9.3.1 Satellite
        • 9.3.2 Cargo
        • 9.3.3 Human Spacecraft
        • 9.3.4 Testing Probes
  10. 10. Taiwan Asia Pacific Space Launch Services Market Analysis, Insights and Forecast, 2018-2030
      • 10.1. Market Analysis, Insights and Forecast - By Orbit Type
        • 10.1.1 LEO
        • 10.1.2 MEO
        • 10.1.3 GEO
        • 10.1.4 Others
      • 10.2. Market Analysis, Insights and Forecast - By Launch Vehicle
        • 10.2.1 Small Lift Launch Vehicle
        • 10.2.2 Medium Lift Launch Vehicle
        • 10.2.3 Heavy Lift Launch Vehicle
      • 10.3. Market Analysis, Insights and Forecast - By Payload
        • 10.3.1 Satellite
        • 10.3.2 Cargo
        • 10.3.3 Human Spacecraft
        • 10.3.4 Testing Probes
  11. 11. Australia Asia Pacific Space Launch Services Market Analysis, Insights and Forecast, 2018-2030
      • 11.1. Market Analysis, Insights and Forecast - By Orbit Type
        • 11.1.1 LEO
        • 11.1.2 MEO
        • 11.1.3 GEO
        • 11.1.4 Others
      • 11.2. Market Analysis, Insights and Forecast - By Launch Vehicle
        • 11.2.1 Small Lift Launch Vehicle
        • 11.2.2 Medium Lift Launch Vehicle
        • 11.2.3 Heavy Lift Launch Vehicle
      • 11.3. Market Analysis, Insights and Forecast - By Payload
        • 11.3.1 Satellite
        • 11.3.2 Cargo
        • 11.3.3 Human Spacecraft
        • 11.3.4 Testing Probes
  12. 12. Rest of Asia-Pacific Asia Pacific Space Launch Services Market Analysis, Insights and Forecast, 2018-2030
      • 12.1. Market Analysis, Insights and Forecast - By Orbit Type
        • 12.1.1 LEO
        • 12.1.2 MEO
        • 12.1.3 GEO
        • 12.1.4 Others
      • 12.2. Market Analysis, Insights and Forecast - By Launch Vehicle
        • 12.2.1 Small Lift Launch Vehicle
        • 12.2.2 Medium Lift Launch Vehicle
        • 12.2.3 Heavy Lift Launch Vehicle
      • 12.3. Market Analysis, Insights and Forecast - By Payload
        • 12.3.1 Satellite
        • 12.3.2 Cargo
        • 12.3.3 Human Spacecraft
        • 12.3.4 Testing Probes
  13. 13. Competitive Analysis
    • 13.1. Market Share Analysis 2023
      • 13.2. Company Profiles
        • 13.2.1 Antrix Corporation Limited (India)
          • 13.2.1.1. Overview
          • 13.2.1.2. Products
          • 13.2.1.3. SWOT Analysis
          • 13.2.1.4. Recent Developments
          • 13.2.1.5. Financials (Based on Availability)
        • 13.2.2 Indian Space Research Organisation (ISRO) (India)
          • 13.2.2.1. Overview
          • 13.2.2.2. Products
          • 13.2.2.3. SWOT Analysis
          • 13.2.2.4. Recent Developments
          • 13.2.2.5. Financials (Based on Availability)
        • 13.2.3 Thaicom Public Company Limited (Thailand)
          • 13.2.3.1. Overview
          • 13.2.3.2. Products
          • 13.2.3.3. SWOT Analysis
          • 13.2.3.4. Recent Developments
          • 13.2.3.5. Financials (Based on Availability)
        • 13.2.4 China Great Wall Industry Corporation (China)
          • 13.2.4.1. Overview
          • 13.2.4.2. Products
          • 13.2.4.3. SWOT Analysis
          • 13.2.4.4. Recent Developments
          • 13.2.4.5. Financials (Based on Availability)
        • 13.2.5 Hindustan Aeronautics Limited (India)
          • 13.2.5.1. Overview
          • 13.2.5.2. Products
          • 13.2.5.3. SWOT Analysis
          • 13.2.5.4. Recent Developments
          • 13.2.5.5. Financials (Based on Availability)
        • 13.2.6 CAS Space (China)
          • 13.2.6.1. Overview
          • 13.2.6.2. Products
          • 13.2.6.3. SWOT Analysis
          • 13.2.6.4. Recent Developments
          • 13.2.6.5. Financials (Based on Availability)
        • 13.2.7 Arianespace (China)
          • 13.2.7.1. Overview
          • 13.2.7.2. Products
          • 13.2.7.3. SWOT Analysis
          • 13.2.7.4. Recent Developments
          • 13.2.7.5. Financials (Based on Availability)
        • 13.2.8 Mitsubishi Heavy Industries LTD. (Japan)
          • 13.2.8.1. Overview
          • 13.2.8.2. Products
          • 13.2.8.3. SWOT Analysis
          • 13.2.8.4. Recent Developments
          • 13.2.8.5. Financials (Based on Availability)
        • 13.2.9 Space Pioneer (China)
          • 13.2.9.1. Overview
          • 13.2.9.2. Products
          • 13.2.9.3. SWOT Analysis
          • 13.2.9.4. Recent Developments
          • 13.2.9.5. Financials (Based on Availability)
        • 13.2.10 Axelspace Corporation (Japan)
          • 13.2.10.1. Overview
          • 13.2.10.2. Products
          • 13.2.10.3. SWOT Analysis
          • 13.2.10.4. Recent Developments
          • 13.2.10.5. Financials (Based on Availability)
        • 13.2.11 KT Sat Co. Ltd (South Korea)
          • 13.2.11.1. Overview
          • 13.2.11.2. Products
          • 13.2.11.3. SWOT Analysis
          • 13.2.11.4. Recent Developments
          • 13.2.11.5. Financials (Based on Availability)
        • 13.2.12 Intellian Technologies Inc (South Korea)
          • 13.2.12.1. Overview
          • 13.2.12.2. Products
          • 13.2.12.3. SWOT Analysis
          • 13.2.12.4. Recent Developments
          • 13.2.12.5. Financials (Based on Availability)
List of Figures
  1. Figure 1: Asia Pacific Space Launch Services Market Revenue Breakdown (USD billion, %) by Product 2023 & 2031
  2. Figure 2: Asia Pacific Space Launch Services Market Value Share (%), by Orbit Type 2023 & 2031
  3. Figure 3: Asia Pacific Space Launch Services Market Value Share (%), by Launch Vehicle 2023 & 2031
  4. Figure 4: Asia Pacific Space Launch Services Market Value Share (%), by Payload 2023 & 2031
  5. Figure 5: Asia Pacific Space Launch Services Market Share (%) by Company 2023
List of Tables
  1. Table 1: Asia Pacific Space Launch Services Market Revenue USD billion Forecast, by Orbit Type 2018 & 2031
  2. Table 2: Asia Pacific Space Launch Services Market Revenue USD billion Forecast, by Launch Vehicle 2018 & 2031
  3. Table 3: Asia Pacific Space Launch Services Market Revenue USD billion Forecast, by Payload 2018 & 2031
  4. Table 4: Asia Pacific Space Launch Services Market Revenue USD billion Forecast, by Region 2018 & 2031
  5. Table 5: Asia Pacific Space Launch Services Market Revenue USD billion Forecast, by Orbit Type 2018 & 2031
  6. Table 6: Asia Pacific Space Launch Services Market Revenue USD billion Forecast, by Launch Vehicle 2018 & 2031
  7. Table 7: Asia Pacific Space Launch Services Market Revenue USD billion Forecast, by Payload 2018 & 2031
  8. Table 8: Asia Pacific Space Launch Services Market Revenue USD billion Forecast, by Region 2018 & 2031
  9. Table 9: Asia Pacific Space Launch Services Market Revenue USD billion Forecast, by Orbit Type 2018 & 2031
  10. Table 10: Asia Pacific Space Launch Services Market Revenue USD billion Forecast, by Launch Vehicle 2018 & 2031
  11. Table 11: Asia Pacific Space Launch Services Market Revenue USD billion Forecast, by Payload 2018 & 2031
  12. Table 12: Asia Pacific Space Launch Services Market Revenue USD billion Forecast, by Country 2018 & 2031
  13. Table 13: China Asia Pacific Space Launch Services Market Revenue (USD billion) Forecast, by Application 2018 & 2031
  14. Table 14: Japan Asia Pacific Space Launch Services Market Revenue (USD billion) Forecast, by Application 2018 & 2031
  15. Table 15: India Asia Pacific Space Launch Services Market Revenue (USD billion) Forecast, by Application 2018 & 2031
  16. Table 16: South Korea Asia Pacific Space Launch Services Market Revenue (USD billion) Forecast, by Application 2018 & 2031
  17. Table 17: Taiwan Asia Pacific Space Launch Services Market Revenue (USD billion) Forecast, by Application 2018 & 2031
  18. Table 18: Australia Asia Pacific Space Launch Services Market Revenue (USD billion) Forecast, by Application 2018 & 2031
  19. Table 19: Rest of Asia-Pacific Asia Pacific Space Launch Services Market Revenue (USD billion) Forecast, by Application 2018 & 2031
  20. Table 20: Asia Pacific Space Launch Services Market Revenue USD billion Forecast, by Orbit Type 2018 & 2031
  21. Table 21: Asia Pacific Space Launch Services Market Revenue USD billion Forecast, by Launch Vehicle 2018 & 2031
  22. Table 22: Asia Pacific Space Launch Services Market Revenue USD billion Forecast, by Payload 2018 & 2031
  23. Table 23: Asia Pacific Space Launch Services Market Revenue USD billion Forecast, by Country 2018 & 2031
AspectsDetails
Study Period 2018-2032
Base Year 2023
Estimated Year 2024
Forecast Period2024-2032
Historical Period2018-2023
Growth RateCAGR of 12.6% from 2018-2032
Segmentation
    • By Orbit Type
      • LEO
      • MEO
      • GEO
      • Others
    • By Launch Vehicle
      • Small Lift Launch Vehicle
      • Medium Lift Launch Vehicle
      • Heavy Lift Launch Vehicle
    • By Payload
      • Satellite
      • Cargo
      • Human Spacecraft
      • Testing Probes
  • By Geography

STEP 1 - Identification of Relevant Samples Size from Population Database

Step Chart
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STEP 2 - Approaches for Defining Global Market Size (Value, Volume* & Price*)

approach chart
Top-down and bottom-up approaches are used to validate the global market size and estimate the market size for manufactures, regional segemnts, product and application.

Note* : In applicable scenarios

STEP 3 - Data Sources

Primary Research

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  • Survey Reports
  • Research Institute
  • Latest Research Reports
  • Opinion Leaders

Secondary Research

  • Annual Reports
  • White Paper
  • Latest Press Release
  • Industry Association
  • Paid Database
  • Investor Presentations
approach chart

STEP 4 - Data Triangulation

Involves using different sources of information in order to increase the validity of a study

These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.

Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.

During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence

Additionally after gathering mix and scattered data from wide range of sources, data is triangull- ated and correlated to come up with estimated figures which are further validated through primary mediums, or industry experts, opinion leader.
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