Asia Pacific Geostationary Satellites Market Forecast to 2031 - Regional Analysis

Description

List of Tables

The Asia Pacific geostationary satellites market was valued at US$ 966.08 million in 2023 and is anticipated to reach US$ 1,386.87 million by 2031; it is estimated to register a CAGR of 4.6% from 2023 to 2031.

Development of Small Satellites for Geostationary Orbit Boosts Asia Pacific Geostationary Satellites Market

Satellite manufacturers such as Maxar Space Systems, Astranis, Terran Orbital, SWISSto12, and Saturn Satellite Network have already been focusing on the development of small satellites that can be deployed into the GEO orbit. This will further provide relief to the satellite operators and launch companies, reducing their operational costs for placing a satellite into the GEO orbit with lesser size, weight, and cost of manufacturing. During the conference of" SATELLITE 2020," several satellite companies announced that they have been focusing on the development of smallsat constellations for geostationary orbits that can be deployed through small satellite-specialized launch vehicles, which will ultimately reduce the overall cost of satellite launches and orbit placement of satellites into the GEO orbits. The development of small satellites for deployment into geostationary orbit is likely to generate new opportunities for market vendors in the coming years.

Asia Pacific Geostationary Satellites Market Overview

The Asia Pacific geostationary satellite market growth is attributed to the increasing need for improving satellite-based navigation, communication, and several remote sensing applications. China, India, Australia and Japan have a strong focus on the launch of satellites. Key players in the geostationary satellite market in Asia Pacific include Neumann; Beijing Spacecraft Manufacturing Co., Ltd; China Aerospace Science Technology Corporation; and Kongtian Dongli. These companies are renowned for their initiatives to contribute to the progress of space technology. In March 2024, Thaicom Satellite Telecommunications ordered a small geostationary satellite from Astranis-Thaicom-9-which is scheduled for launch in geostationary orbit in 2025. As part of the agreement between Astranis and Space Tech Innovation Limited (Thaicom's subsidiary), Thaicom would deploy the Astranis MicroGEO satellite to provide Ka-band services over Asia. The new satellite is also likely to provide broadband connectivity in the most remote and unconnected areas in Asia.

Asia Pacific Geostationary Satellites Market Revenue and Forecast to 2031 (US$ Million)

Asia Pacific Geostationary Satellites Market Segmentation

The Asia Pacific geostationary satellites market is categorized into component, application, and country.

Based on component, the Asia Pacific geostationary satellites market is segmented into communication system, power system, propulsion system, and others. The communication system segment held the largest market share in 2023.

In terms of application, the Asia Pacific geostationary satellites market is categorized into communications, space exploration, navigation, earth observation, and others. The communications segment held the largest market share in 2023.

By country, the Asia Pacific geostationary satellites market is segmented into China, India, Japan, South Korea, and the Rest of Asia Pacific. China dominated the Asia Pacific geostationary satellites market share in 2023.

Airbus SE, Ball Corp, Israel Aerospace Industries Ltd, Korea Aerospace Industries Ltd., Lockheed Martin Corp, Northrop Grumman Corp, Thales SA, and The Boeing Co are some of the leading companies operating in the Asia Pacific geostationary satellites market.

Product Code: BMIRE00031149

1. Introduction

1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation

2. Executive Summary

2.1 Key Insights
2.2 Market Attractiveness

3. Research Methodology

3.1 Secondary Research
3.2 Primary Research
- 3.2.1 Hypothesis formulation:
- 3.2.2 Macro-economic factor analysis:
- 3.2.3 Developing base number:
- 3.2.4 Data Triangulation:
- 3.2.5 Country level data:

4. Asia Pacific Geostationary Satellites Market Landscape

4.1 Overview
4.2 Porter's Five Forces Analysis
4.3 Ecosystem Analysis
- 4.3.1 Satellite Component Manufacturers:
- 4.3.2 Geostationary Satellite Manufacturers:
- 4.3.3 End Users:
- 4.3.4 List of Geostationary Satellite System Providers

5. Asia Pacific Geostationary Satellites Market - Key Market Dynamics

5.1 Asia Pacific Geostationary Satellites Market - Key Market Dynamics
5.2 Market Drivers
- 5.2.1 Increasing Demand for Long-Range Communication Coverage Through Satellite Network
- 5.2.2 Growing Need for Satellite-Based Military Communications
5.3 Market Restraints
- 5.3.1 Incidents of Geostationary Satellite Failures and Decline in Orders of Geostationary Satellites
5.4 Market Opportunities
- 5.4.1 Development of Small Satellites for Geostationary Orbit
5.5 Future Trends
- 5.5.1 Deployment of Software-Defined Electric Systems
5.6 Impact of Drivers and Restraints:

6. Geostationary Satellites Market - Asia Pacific Market Analysis

6.1 Asia Pacific Overview
6.2 Geostationary Satellites Market Revenue (US$ Million), 2021-2031
6.3 Geostationary Satellites Market Forecast Analysis

7. Asia Pacific Geostationary Satellites Market Analysis - by Component

7.1 Communication System
- 7.1.1 Overview
- 7.1.2 Communication System: Geostationary Satellites Market - Revenue and Forecast to 2031 (US$ Million)
7.2 Power System
- 7.2.1 Overview
- 7.2.2 Power System: Geostationary Satellites Market - Revenue and Forecast to 2031 (US$ Million)
7.3 Propulsion System
- 7.3.1 Overview
- 7.3.2 Propulsion System: Geostationary Satellites Market - Revenue and Forecast to 2031 (US$ Million)
7.4 Others
- 7.4.1 Overview
- 7.4.2 Others: Geostationary Satellites Market - Revenue and Forecast to 2031 (US$ Million)

8. Asia Pacific Geostationary Satellites Market Analysis - by Application

8.1 Communications
- 8.1.1 Overview
- 8.1.2 Communications: Geostationary Satellites Market - Revenue and Forecast to 2031 (US$ Million)
8.2 Space Exploration
- 8.2.1 Overview
- 8.2.2 Space Exploration: Geostationary Satellites Market - Revenue and Forecast to 2031 (US$ Million)
8.3 Navigation
- 8.3.1 Overview
- 8.3.2 Navigation: Geostationary Satellites Market - Revenue and Forecast to 2031 (US$ Million)
8.4 Earth Observation
- 8.4.1 Overview
- 8.4.2 Earth Observation: Geostationary Satellites Market - Revenue and Forecast to 2031 (US$ Million)
8.5 Others
- 8.5.1 Overview
- 8.5.2 Others: Geostationary Satellites Market - Revenue and Forecast to 2031 (US$ Million)

9. Asia Pacific Geostationary Satellites Market - Country Analysis

9.1 Overview Asia Pacific
- 9.1.1 Asia Pacific Geostationary Satellites Market, by Key Countries - Revenue (2023) (US$ Million)
- 9.1.2 Asia Pacific Geostationary Satellites Market - Revenue and Forecast Analysis - by Country
  - 9.1.2.1 Asia Pacific: Geostationary Satellites Market - Revenue and Forecast Analysis - by Country
  - 9.1.2.2 China: Geostationary Satellites Market - Revenue and Forecast to 2031 (US$ Million)
    - 9.1.2.2.1 China: Geostationary Satellites Market Breakdown, by Component
    - 9.1.2.2.2 China: Geostationary Satellites Market Breakdown, by Application
  - 9.1.2.3 India: Geostationary Satellites Market - Revenue and Forecast to 2031 (US$ Million)
    - 9.1.2.3.1 India: Geostationary Satellites Market Breakdown, by Component
    - 9.1.2.3.2 India: Geostationary Satellites Market Breakdown, by Application
  - 9.1.2.4 Japan: Geostationary Satellites Market - Revenue and Forecast to 2031 (US$ Million)
    - 9.1.2.4.1 Japan: Geostationary Satellites Market Breakdown, by Component
    - 9.1.2.4.2 Japan: Geostationary Satellites Market Breakdown, by Application
  - 9.1.2.5 South Korea: Geostationary Satellites Market - Revenue and Forecast to 2031 (US$ Million)
    - 9.1.2.5.1 South Korea: Geostationary Satellites Market Breakdown, by Component
    - 9.1.2.5.2 South Korea: Geostationary Satellites Market Breakdown, by Application
  - 9.1.2.6 Rest of Asia Pacific: Geostationary Satellites Market - Revenue and Forecast to 2031 (US$ Million)
    - 9.1.2.6.1 Rest of Asia Pacific: Geostationary Satellites Market Breakdown, by Component
    - 9.1.2.6.2 Rest of Asia Pacific: Geostationary Satellites Market Breakdown, by Application

10. Competitive Landscape

10.1 Company Positioning & Concentration

11. Industry Landscape

11.1 Overview
11.2 Market Initiative
11.3 Product Development

12. Company Profiles

12.1 Airbus SE
- 12.1.1 Key Facts
- 12.1.2 Business Description
- 12.1.3 Products and Services
- 12.1.4 Financial Overview
- 12.1.5 SWOT Analysis
- 12.1.6 Key Developments
12.2 The Boeing Co
- 12.2.1 Key Facts
- 12.2.2 Business Description
- 12.2.3 Products and Services
- 12.2.4 Financial Overview
- 12.2.5 SWOT Analysis
- 12.2.6 Key Developments
12.3 Ball Corp
- 12.3.1 Key Facts
- 12.3.2 Business Description
- 12.3.3 Products and Services
- 12.3.4 Financial Overview
- 12.3.5 SWOT Analysis
- 12.3.6 Key Developments
12.4 Korea Aerospace Industries Ltd.
- 12.4.1 Key Facts
- 12.4.2 Business Description
- 12.4.3 Products and Services
- 12.4.4 Financial Overview
- 12.4.5 SWOT Analysis
- 12.4.6 Key Developments
12.5 Lockheed Martin Corp
- 12.5.1 Key Facts
- 12.5.2 Business Description
- 12.5.3 Products and Services
- 12.5.4 Financial Overview
- 12.5.5 SWOT Analysis
- 12.5.6 Key Developments
12.6 Northrop Grumman Corp
- 12.6.1 Key Facts
- 12.6.2 Business Description
- 12.6.3 Products and Services
- 12.6.4 Financial Overview
- 12.6.5 SWOT Analysis
- 12.6.6 Key Developments
12.7 Thales SA
- 12.7.1 Key Facts
- 12.7.2 Business Description
- 12.7.3 Products and Services
- 12.7.4 Financial Overview
- 12.7.5 SWOT Analysis
- 12.7.6 Key Developments
12.8 Israel Aerospace Industries Ltd
- 12.8.1 Key Facts
- 12.8.2 Business Description
- 12.8.3 Products and Services
- 12.8.4 Financial Overview
- 12.8.5 SWOT Analysis
- 12.8.6 Key Developments

13. Appendix

13.1 About The Insight Partners