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Asia-Pacific Satellite and Spacecraft Subsystem Market: Analysis and Forecast, 2023-2033

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    Report

  • 85 Pages
  • March 2024
  • Region: Asia Pacific
  • BIS Research
  • ID: 5948186
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The Asia-Pacific satellite and spacecraft subsystem market based on satellite subsystem is estimated to reach $6,323.8 million by 2033 from $3,129.6 million in 2023, at a growth rate of 7.29% during the forecast period 2023-2033. The surge in growth is primarily attributed to the burgeoning commercial space sector, which has seen unprecedented levels of satellite deployments and a marked surge in the total count of operational satellites orbiting the Earth. This trend underscores the sector's ongoing growth and vigorous growth trajectory.

Market Introduction

The Asia-Pacific satellite and spacecraft subsystem market has witnessed significant growth, driven by the region's burgeoning space exploration initiatives and increasing demand for satellite-based services. With countries like China, India, and Japan expanding their space programs, there's a growing emphasis on developing advanced satellite subsystems. This market encompasses various critical components such as propulsion systems, power systems, communication systems, and payloads. Companies in the region are investing heavily in research and development to enhance the efficiency, reliability, and performance of these subsystems. Additionally, the rising adoption of satellite technology for communication, navigation, Earth observation, and remote sensing applications further propels market growth. As APAC nations continue to invest in space exploration and satellite technology, the satellite and spacecraft subsystem market in the region is poised for continuous growth and innovation.

Market Segmentation:

Segmentation 1: by End User

  • Commercial
  • Civil Government
  • Defense
  • Academic/Research Group

Segmentation 2: by Satellite Subsystem

  • Payload
  • Electrical and Power Subsystem
  • Command and Data Handling System
  • Communication Subsystem
  • Thermal Control Subsystem
  • Attitude Determination and Control Subsystem
  • Propulsion System
  • Mechanism
  • Actuator
  • Structure

Segmentation 3: by Launch Vehicle Subsystem

  • Structure
  • Avionics
  • Propulsion System
  • Control System
  • Electrical System
  • Stage Separation
  • Thermal System

Segmentation 4: by Region

  • China
  • India
  • Japan
  • Rest-of-Asia-Pacific

How can this report add value to an organization?

Product/Innovation Strategy: The product segment helps the reader understand the different types of subsystems available for deployment and their potential. Moreover, the study provides the reader with a detailed understanding of the Asia-Pacific satellite and spacecraft subsystem market based on satellite subsystem, launch vehicle subsystem, and deep space probe subsystem.

Growth/Marketing Strategy: The Asia-Pacific satellite and spacecraft subsystem market has seen major development by key players operating in the market, such as contract, collaboration, and joint venture. The favored strategy for the companies has been contracted to strengthen their position in the satellite and spacecraft subsystem market.

Competitive Strategy: Key players in the Asia-Pacific satellite and spacecraft subsystem market analyzed and profiled in the study involve major satellite and spacecraft subsystem companies providing subsystems, respectively. Moreover, a detailed market share analysis of the players operating in the satellite and spacecraft subsystem market has been done to help the reader understand how players stack against each other, presenting a clear market landscape. Additionally, comprehensive competitive strategies such as partnerships, agreements, and collaborations will aid the reader in understanding the untapped revenue pockets in the market.


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Table of Contents

Executive Summary
1 Market
1.1 Industry Outlook
1.1.1 New Space Business Scenario: A Growth Factor in the Satellite and Spacecraft Subsystem Market
1.1.2 Impact of 3D Printing: Revolutionizing Space Industry
1.1.3 Changing Landscape of Space Composites
1.1.4 Impact of Commercial-Off-the-Shelf (COTS)Components in Satellite Serial Production
1.1.5 Supply Chain Analysis
1.2 Business Dynamics
1.2.1 Business Drivers
1.2.1.1 Increasing Research and Development Activities for Developing Cost-Efficient Subsystem and Component
1.2.1.2 Rising Demand for Satellite-Based Downstream Services
1.2.2 Business Challenges
1.2.2.1 Impact of Space Radiation on Spacecraft and Astronauts
1.2.2.2 Rising Impact of Cyberattacks on Satellites
1.2.2.3 Evolution of Standardized Satellite and Subsystem Platform
1.2.3 Business Strategies
1.2.3.1 New Product Launches, Developments, and Others
1.2.4 Corporate Strategies
1.2.4.1 Partnerships, Collaborations, Agreements, Contracts, and Others
1.2.4.2 Mergers and Acquisitions
1.2.5 Business Opportunities
1.2.5.1 Growing Developments for Cislunar Programs
2 Asia-Pacific
2.1 Satellite and Spacecraft Subsystem Market (by Region)
2.2 Asia-Pacific
2.2.1 Market
2.2.1.1 Key Manufacturers and Suppliers in Asia-Pacific
2.2.1.2 Business Drivers
2.2.1.3 Business Challenges
2.2.2 Application
2.2.2.1 Asia-Pacific Satellite and Spacecraft Subsystem Market (by End User), Value and Volume Data
2.2.3 Product
2.2.3.1 Asia-Pacific Satellite and Spacecraft Subsystem Market (by Satellite Subsystem), Value and Volume Data
2.2.3.2 Asia- Pacific Satellite and Spacecraft Subsystem Market (by Launch Vehicle Subsystem), Value and Volume Data
2.2.4 Asia-Pacific (by Country)
2.2.4.1 China
2.2.4.1.1 Market
2.2.4.1.1.1 Key Manufacturers and Suppliers in China
2.2.4.1.2 Application
2.2.4.1.2.1 China Satellite and Spacecraft Subsystem Market (by End User), Value and Volume Data
2.2.4.2 India
2.2.4.2.1 Market
2.2.4.2.1.1 Key Manufacturers and Suppliers in India
2.2.4.2.2 Application
2.2.4.2.2.1 India Satellite and Spacecraft Subsystem Market (by End User), Value and Volume Data
2.2.4.3 Japan
2.2.4.3.1 Market
2.2.4.3.1.1 Key Manufacturers and Suppliers in Japan
2.2.4.3.2 Application
2.2.4.3.2.1 Japan Satellite and Spacecraft Subsystem Market (by End User), Value and Volume Data
2.2.4.4 Rest-of-Asia-Pacific
2.2.4.4.1 Market
2.2.4.4.1.1 Key Manufacturers and Suppliers in Rest-of-Asia-Pacific
2.2.4.4.2 Application
2.2.4.4.2.1 Rest-of-Asia-Pacific Satellite and Spacecraft Subsystem Market (by End User), Value and Volume Data
3 Market- Competitive Benchmarking and Company Profile
3.1 Competitve Benchmarking
3.2 Company Profiles
3.2.1 Mitsubishi Electric Corporation
3.2.1.1 Company Overview
3.2.1.1.1 Role of Mitsubishi Electric Corporation in the Satellite and Spacecraft Subsystem Market
3.2.1.1.2 Product Portfolio
3.2.1.2 Business Strategies
3.2.1.2.1 New Product Developments and Fundings
3.2.1.3 Corporate Strategies
3.2.1.3.1 Partnerships, Collaborations, Contracts, and Agreements
3.2.1.4 Analyst View
4 Research Methodology
4.1 Factors for Data Prediction and Modeling
List of Figures
Figure 1: Asia-Pacific Satellite and Spacecraft Subsystem Market (Satellite Subsystem), $Billion, 2022-2033
Figure 2: Asia-Pacific Satellite and Spacecraft Subsystem Market (Satellite Subsystem), Units, 2022-2033
Figure 3: Asia-Pacific Satellite and Spacecraft Subsystem Market (Launch Vehicle Subsystem), $Billion, 2022-2033
Figure 4: Asia-Pacific Satellite and Spacecraft Subsystem Market (Launch Vehicle Subsystem), Units, 2022-2033
Figure 5: Asia-Pacific Satellite and Spacecraft Subsystem Market (by End User), $Million, 2023 and 2033
Figure 6: Asia-Pacific Satellite and Spacecraft Subsystem Market (by End User), Units, 2023 and 2033
Figure 7: Asia-Pacific Satellite and Spacecraft Subsystem Market (by Satellite Subsystem), $Million, 2023 and 2033
Figure 8: Asia-Pacific Satellite and Spacecraft Subsystem Market (by Satellite Subsystem), Units, 2023 and 2033
Figure 9: Asia-Pacific Satellite and Spacecraft Subsystem Market (by Launch Vehicle Subsystem), Units, 2023 and 2033
Figure 10: Asia-Pacific Satellite and Spacecraft Subsystem Market (by Launch Vehicle Subsystem), $Million, 2023 and 2033
Figure 11: Satellite and Spacecraft Subsystem Market (by Region, Satellite), $Billion, 2033
Figure 12: Satellite and Spacecraft Subsystem Market (by Region, Launch Vehicle), $Billion, 2033
Figure 13: Supply Chain Analysis for Satellite and Spacecraft Subsystem Market
Figure 14: Satellite and Spacecraft Subsystem Market, Business Dynamics
Figure 15: Share of Key Business Strategies and Developments, January 2020-June 2023
Figure 16: Satellite and Spacecraft Subsystem Market Players, Benchmarking Score (Satellite), 2022
Figure 17: Research Methodology
Figure 18: Top-Down and Bottom-Up Approach
Figure 19: Assumptions and Limitations
List of Tables
Table 1: New Product Launches, Developments, and Others, January 2020-June 2023
Table 2: Partnerships, Collaborations, Agreements, Contracts, and Others, January 2020-June 2023
Table 3: Mergers and Acquisitions, January 2020-June 2023
Table 4: Satellite and Spacecraft Subsystem Market (by Region), Satellite Subsystem), Units and $Million, 2022-2033
Table 5: Satellite and Spacecraft Subsystem Market (by Region, Launch Vehicle),Units and $Million, 2022-2033
Table 6: Asia-Pacific Satellite and Spacecraft Subsystem Market (by End User), Units and $Million, 2022-2033
Table 7: Asia-Pacific Satellite and Spacecraft Subsystem Market (by Satellite Subsystem, Units and $Million, 2022-2033
Table 8: Asia- Pacific Satellite and Spacecraft Subsystem Market (by Launch Vehicle Subsystem), $Million and Units, 2022-2033
Table 9: China Satellite and Spacecraft Subsystem Market (by End User), Units and $Million, 2022-2033
Table 10: India Satellite and Spacecraft Subsystem Market (by End User), Units and $Million, 2022-2033
Table 11: Japan Satellite and Spacecraft Subsystem Market (by End User), Units and $Million, 2022-2033
Table 12: Rest-of-Asia-Pacific Satellite and Spacecraft Subsystem Market (by End User), Units and $Million, 2022-2033
Table 13: Benchmarking and Weightage Parameters
Table 14: Mitsubishi Electric Corporation: Product Portfolio
Table 15: Mitsubishi Electric Corporation: New Product Developments and Fundings
Table 16: Mitsubishi Electric Corporation: Partnerships, Collaborations, Contracts, and Agreements

Companies Mentioned

  • Mitsubishi Electric Corporation

Table Information