Asia Pacific Small Satellite Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Type [Nanosatellite (1 to 10 Kg) and Microsatellite (10 to 150 Kg)], Payload [Automatic Identification System (AIS), Transmitter, Imaging Devices, and Others], Application (Earth Observation, Communication and Navigation, and Scientific Research), and Vertical (Government, Military, and Commercial)
The Asia Pacific small satellite market is expected to grow from US$ 888.57 million in 2022 to US$ 4,201.11 million by 2028; it is estimated to grow at a CAGR of 29.6% from 2022 to 2028.
Increasing Adoption of Small Satellites for Military Applications
Small satellites can be highly useful in military applications due to their short development time, low cost, and assembly line manufacturing processes. Many small satellite applications envision systems comprising the constellations of hundreds of satellites offer several advantages such as an increase in temporal resolution, revisit rate, and formation flying. Military officers can use small satellites to acquire real-time information, which can help them in decision making. Therefore, various countries are investing in small satellites. The project includes small satellites, satellite communications, space deterrence and reduction of on-orbit space debris, and launch. Similarly, in November 2021, Air Force Research Laboratory Space Vehicles Directorate announced that they had signed a contract with Tyvak Nano-Satellite Systems for experimenting in very low Earth orbit. Tyvak was awarded US$ 8.4 million for the satellite launch project and is projected to launch in 2024. Also, in July 2022, the Indian Army announced that they wanted a small satellite for training its signals officers. For this, the army issued a request for information (RFI) to the Indian companies to design and develop the communication satellite. Thus, the growing use of small satellites for military applications will further boost the market growth during the forecast period.
Market Overview
The Asia Pacific small satellite market, based on country, is segmented into Australia, China, India, Japan, South Korea, and the rest of Asia Pacific. The space industry across the region is majorly dominated by China, India, and Japan. In March 2022, the Wuhan government announced its intentions to invest US$ 7.88 million to expand the country’s space sector to US$ 15.7 billion by 2025. The government investment is intended to be used for satellite, rocket, and spacecraft development. Additionally, South Korea, Indonesia, Taiwan, Thailand, Malaysia, the Philippines, Vietnam, Singapore, Australia, New Zealand, and other Asia Pacific countries are also engaged in the rapid development of their space capabilities. In 2022, the Taiwan government announced to invest US$ 900 million in developing its space industry in the next 10 years. These factors are expected to increase the production of small satellites across Asia Pacific, thereby bolstering the growth of the small satellite market in the region.
Asia Pacific Small Satellite Market Revenue and Forecast to 2028 (US$ Million)
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Asia Pacific Small Satellite Market Segmentation
The Asia Pacific small satellite market is segmented on the basis of type, payload, application, vertical, and country. Based on type, the Asia Pacific small satellite market is bifurcated into nanosatellite (1 to 10 Kg) and microsatellite (10 to 150 Kg). The microsatellite (10 to 150 Kg) segment held a larger market share in 2022.
Based on payload, the Asia Pacific small satellite market is segmented into automatic identification system (AIS), transmitter, imaging devices, and others. The automatic identification system (AIS) segment held the largest market share in 2022.
Based on application, the Asia Pacific small satellite market is segmented into earth observation, communication and navigation, and scientific research. The earth observation segment held the largest market share in 2022.
Based on vertical, the Asia Pacific small satellite market is segmented into government, military, and commercial. The commercial segment held the largest market share in 2022.
Based on country, the Asia Pacific small satellite market is segmented into China, India, Japan, Australia, South Korea, and the Rest of Asia Pacific. China dominated the market share in 2022.
Lockheed Martin Corp; Northrop Grumman Corp; Raytheon Technologies Corp; and Thales SA are the leading companies operating in the Asia Pacific small satellite market.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Asia Pacific Small Satellite market Small Satellite Market Landscape
4.1 Market Overview
4.2 Porter’s Five Forces Analysis
4.2.1 Bargaining Power of Buyers
4.2.2 Bargaining Power of Suppliers
4.2.3 Threat to New Entrants
4.2.4 Threat to Substitutes
4.2.5 Competitive Rivalry
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Asia Pacific Small Satellite market Small Satellite Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Rising Support for Development of Small Satellite
5.1.2 Cumulative Number of Partnerships and Contracts
5.2 Key Market Restraints
5.2.1 Want of Small Satellite Manufacturers Across Emerging Regions
5.3 Key Market Opportunities
5.3.1 Upward IoT and Communication Applications
5.3.2 Intensifying Production of Smallsats for Beyond LEO Orbit Launches
5.4 Future Trends
5.4.1 Increasing Adoption of Small Satellites for Military Applications
5.5 Impact Analysis of Drivers and Restraints
6. Small Satellite Market – Asia Pacific Small Satellite market Market Analysis
6.1 Small Satellite Market Asia Pacific Small Satellite market Overview
6.2 Asia Pacific Small Satellite market Small Satellite Market Forecast and Analysis
7. Asia Pacific Small Satellite market Small Satellite Market Analysis – By Type
7.1 Overview
7.2 Small Satellite Market, By Type (2021 and 2028)
7.3 Nanosatellite (Upto 10 Kg)
7.3.1 Overview
7.3.2 Nanosatellite (Upto 10 Kg): Small Satellite Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Microsatellite (10-150 Kg)
7.4.1 Overview
7.4.2 Microsatellite (10-150 Kg): Small Satellite Market – Revenue and Forecast to 2028 (US$ Million)
8. Asia Pacific Small Satellite market Small Satellite Market Analysis – By Payload
8.1 Overview
8.2 Small Satellite Market, By Payload (2021 and 2028)
8.3 Automatic Identification System (AIS)
8.3.1 Overview
8.3.2 Automatic Identification System: Small Satellite Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Transmitter
8.4.1 Overview
8.4.2 Transmitter: Small Satellite Market – Revenue and Forecast to 2028 (US$ Million)
8.5 Imaging Devices
8.5.1 Overview
8.5.2 Imaging Devices: Small Satellite Market – Revenue and Forecast to 2028 (US$ Million)
8.6 Others
8.6.1 Overview
8.6.2 Others: Small Satellite Market – Revenue and Forecast to 2028 (US$ Million)
9. Asia Pacific Small Satellite market Small Satellite Market Analysis – By Application
9.1 Overview
9.2 Small Satellite Market Breakdown, by Application, (2021 and 2028)
9.3 Earth Observation
9.3.1 Overview
9.3.2 Earth Observation: Small Satellite Market – Revenue and Forecast to 2028 (US$ Million)
9.4 Communication and Navigation
9.4.1 Overview
9.4.2 Communication and Navigation: Small Satellite Market – Revenue and Forecast to 2028 (US$ Million)
9.5 Scientific Research
9.5.1 Overview
9.5.2 Scientific Research: Small Satellite Market – Revenue and Forecast to 2028 (US$ Million)
10. Asia Pacific Small Satellite market Small Satellite Market Analysis – By Vertical
10.1 Overview
10.2 Small Satellite Market Breakdown, by Vertical, (2021 and 2028)
10.3 Government
10.3.1 Overview
10.3.2 Government: Small Satellite Market – Revenue and Forecast to 2028 (US$ Million)
10.4 Military
10.4.1 Overview
10.4.2 Military: Small Satellite Market – Revenue and Forecast to 2028 (US$ Million)
10.5 Commercial
10.5.1 Overview
10.5.2 Commercial: Small Satellite Market – Revenue and Forecast to 2028 (US$ Million)
11. Asia Pacific Small Satellite market Small Satellite Market – by Country Analysis
11.1 Asia Pacific: Small Satellite Market
11.1.1 Asia Pacific: Small Satellite Market, by Key Country
11.1.1.1 Australia: Small Satellite Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.1.1 Australia: Small Satellite Market, By Type
11.1.1.1.2 Australia: Small Satellite Market, by Application
11.1.1.1.3 Australia: Small Satellite Market, by Payload
11.1.1.1.4 Australia: Small Satellite Market, by Vertical
11.1.1.2 China: Small Satellite Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.2.1 China: Small Satellite Market, By Type
11.1.1.2.2 China: Small Satellite Market, by Application
11.1.1.2.3 China: Small Satellite Market, by Payload
11.1.1.2.4 China: Small Satellite Market, by Vertical
11.1.1.3 India: Small Satellite Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.3.1 India: Small Satellite Market, By Type
11.1.1.3.2 India: Small Satellite Market, by Application
11.1.1.3.3 India: Small Satellite Market, by Payload
11.1.1.3.4 India: Small Satellite Market, by Vertical
11.1.1.4 Japan: Small Satellite Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.4.1 Japan: Small Satellite Market, By Type
11.1.1.4.2 Japan: Small Satellite Market, by Application
11.1.1.4.3 Japan: Small Satellite Market, by Payload
11.1.1.4.4 Japan: Small Satellite Market, by Vertical
11.1.1.5 South Korea: Small Satellite Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.5.1 South Korea: Small Satellite Market, By Type
11.1.1.5.2 South Korea: Small Satellite Market, by Application
11.1.1.5.3 South Korea: Small Satellite Market, by Payload
11.1.1.5.4 South Korea: Small Satellite Market, by Vertical
11.1.1.6 Rest of Asia Pacific Small Satellite market: Small Satellite Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.6.1 Rest of Asia Pacific Small Satellite market: Small Satellite Market, By Type
11.1.1.6.2 Rest of Asia Pacific Small Satellite market: Small Satellite Market, by Application
11.1.1.6.3 Rest of Asia Pacific Small Satellite market: Small Satellite Market, by Payload
11.1.1.6.4 Rest of Asia Pacific Small Satellite market: Small Satellite Market, by Vertical
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 New Product Development
12.4 Merger and Acquisition
13. Company Profiles
13.1 Lockheed Martin Corp
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Northrop Grumman Corp
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Raytheon Technologies Corp
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Thales SA
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Word Index
LIST OF TABLES
Table 1. Asia Pacific Small Satellite market Small Satellite Market, Revenue and Forecast, 2020–2028 (US$ Million)
Table 2. Australia: Small Satellite Market, By Type– Revenue and Forecast to 2028 (US$ Million)
Table 3. Australia: Small Satellite Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 4. Australia: Small Satellite Market, by Payload – Revenue and Forecast to 2028 (US$ Million)
Table 5. Australia: Small Satellite Market, by Vertical – Revenue and Forecast to 2028 (US$ Million)
Table 6. China: Small Satellite Market, By Type– Revenue and Forecast to 2028 (US$ Million)
Table 7. China: Small Satellite Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 8. China: Small Satellite Market, by Payload – Revenue and Forecast to 2028 (US$ Million)
Table 9. China: Small Satellite Market, by Vertical – Revenue and Forecast to 2028 (US$ Million)
Table 10. India: Small Satellite Market, By Type– Revenue and Forecast to 2028 (US$ Million)
Table 11. India: Small Satellite Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 12. India: Small Satellite Market, by Payload – Revenue and Forecast to 2028 (US$ Million)
Table 13. India: Small Satellite Market, by Vertical – Revenue and Forecast to 2028 (US$ Million)
Table 14. Japan: Small Satellite Market, By Type– Revenue and Forecast to 2028 (US$ Million)
Table 15. Japan: Small Satellite Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 16. Japan: Small Satellite Market, by Payload – Revenue and Forecast to 2028 (US$ Million)
Table 17. Japan: Small Satellite Market, by Vertical – Revenue and Forecast to 2028 (US$ Million)
Table 18. South Korea: Small Satellite Market, By Type– Revenue and Forecast to 2028 (US$ Million)
Table 19. South Korea: Small Satellite Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 20. South Korea: Small Satellite Market, by Payload – Revenue and Forecast to 2028 (US$ Million)
Table 21. South Korea: Small Satellite Market, by Vertical – Revenue and Forecast to 2028 (US$ Million)
Table 22. Rest of Asia Pacific Small Satellite market: Small Satellite Market, By Type– Revenue and Forecast to 2028 (US$ Million)
Table 23. Rest of Asia Pacific Small Satellite market: Small Satellite Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 24. Rest of Asia Pacific Small Satellite market: Small Satellite Market, by Payload – Revenue and Forecast to 2028 (US$ Million)
Table 25. Rest of Asia Pacific Small Satellite market: Small Satellite Market, by Vertical – Revenue and Forecast to 2028 (US$ Million)
Table 26. List of Abbreviation
LIST OF FIGURES
Figure 1. Asia Pacific Small Satellite market Small Satellite Market Segmentation
Figure 2. Asia Pacific Small Satellite market Small Satellite Market Segmentation – by Country
Figure 3. Asia Pacific Small Satellite market Small Satellite Market Overview
Figure 4. Asia Pacific Small Satellite market Small Satellite Market, By Type
Figure 5. Asia Pacific Small Satellite market Small Satellite Market, By Application
Figure 6. Asia Pacific Small Satellite market Small Satellite Market, By Payload
Figure 7. Asia Pacific Small Satellite market Small Satellite Market, By Vertical
Figure 8. Asia Pacific Small Satellite market Small Satellite Market, By Country
Figure 9. Asia Pacific Small Satellite market Porter’s Five Forces Analysis
Figure 10. Asia Pacific Small Satellite market Small Satellite Market: Ecosystem Analysis
Figure 11. Asia Pacific Small Satellite market Expert Opinion
Figure 12. Asia Pacific Small Satellite market Small Satellite Market: Impact Analysis of Drivers and Restraints
Figure 13. Asia Pacific Small Satellite market Small Satellite Market, Forecast and Analysis (US$ Million)
Figure 14. Asia Pacific Small Satellite market Small Satellite Market Revenue Share, by Type (2021 and 2028)
Figure 15. Nanosatellite (Upto 10 Kg): Asia Pacific Small Satellite market Small Satellite Market – Revenue and Forecast to 2028 (US$ Million)
Figure 16. Microsatellite (10-150 Kg): Asia Pacific Small Satellite market Small Satellite Market – Revenue and Forecast to 2028 (US$ Million)
Figure 17. Asia Pacific Small Satellite market Small Satellite Market Revenue Share, by Payload (2021 and 2028)
Figure 18. Automatic Identification System: Asia Pacific Small Satellite market Small Satellite Market – Revenue and Forecast to 2028 (US$ Million)
Figure 19. Transmitter: Asia Pacific Small Satellite market Small Satellite Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. Imaging Devices: Asia Pacific Small Satellite market Small Satellite Market – Revenue and Forecast to 2028 (US$ Million)
Figure 21. Others: Asia Pacific Small Satellite market Small Satellite Market – Revenue and Forecast to 2028 (US$ Million)
Figure 22. Asia Pacific Small Satellite market Satellite Market Breakdown, by Application (2021 and 2028)
Figure 23. Earth Observation: Asia Pacific Small Satellite market Small Satellite Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. Communication and Navigation: Asia Pacific Small Satellite market Small Satellite Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. Scientific Research: Asia Pacific Small Satellite market Small Satellite Market – Revenue and Forecast to 2028 (US$ Million)
Figure 26. Asia Pacific Small Satellite market Small Satellite Market Breakdown, by Vertical (2021 and 2028)
Figure 27. Government: Asia Pacific Small Satellite market Small Satellite Market – Revenue and Forecast to 2028 (US$ Million)
Figure 28. Military: Asia Pacific Small Satellite market Small Satellite Market – Revenue and Forecast to 2028 (US$ Million)
Figure 29. Commercial: Asia Pacific Small Satellite market Small Satellite Market – Revenue and Forecast to 2028 (US$ Million)
Figure 30. Asia Pacific: Small Satellite Market, by Key Country – Revenue (2021) (US$ Million)
Figure 31. Asia Pacific: Small Satellite Market Revenue Share, by Key Country (2021 & 2028)
Figure 32. Australia: Small Satellite Market – Revenue and Forecast to 2028 (US$ Million)
Figure 33. China: Small Satellite Market – Revenue and Forecast to 2028 (US$ Million)
Figure 34. India: Small Satellite Market – Revenue and Forecast to 2028 (US$ Million)
Figure 35. Japan: Small Satellite Market – Revenue and Forecast to 2028 (US$ Million)
Figure 36. South Korea: Small Satellite Market – Revenue and Forecast to 2028 (US$ Million)
Figure 37. Rest of Asia Pacific Small Satellite market: Small Satellite Market – Revenue and Forecast to 2028 (US$ Million)
- Lockheed Martin Corp
- Northrop Grumman Corp
- Raytheon Technologies Corp
- Thales SA
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Asia Pacific small satellite market.
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the Asia Pacific small satellite market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth Asia Pacific market trends and outlook coupled with the factors driving the Asia Pacific small satellite market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution