Asia-Pacific Satellite Manufacturing and Launch Systems Market Latest Innovation 2021 – Antrix Corporation Limited (ISRO), China Aerospace Science and Technology Corporation

Asia-Pacific Satellite Manufacturing and Launch Systems Market Report 2021 – 2025 is a believable source for gaining tzhe market research that will exponentially accelerate your business. SWOT and Porter’s five analysis are also effectively discussed to analyze informative data such as cost, prices, revenue, and end-users. The Report initially provides an overview of the industry that covers definition, applications and technology, post which the report explores into the international players in the market. The report profiles the key players in the industry, along with a detailed analysis of their individual positions against the global landscape. The report also entails the Covid-19 and post-Covid dynamics in the global Asia-Pacific Satellite Manufacturing and Launch Systems market.

The Asia-Pacific satellite manufacturing and launch systems market is poised to register a CAGR of 4%, during the forecast period 2020 - 2025.

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The Top Major Competitive Players are : Antrix Corporation Limited (ISRO), China Aerospace Science and Technology Corporation, Transpace Technologies Pvt. Ltd, Radio Amateur Satellite Corporation, Dhruva Space Private Limited, IHI Corporation, Satrec Initiative Co. Ltd, Mitsubishi Heavy Industries Ltd, China Satellite Communications Co. Ltd

Key Market Trends

Military Satellites Account for a Major Market Share

In 2019, the military segment accounted for a major share of the Asia-Pacific satellite manufacturing and launch systems market, owing to the increasing demand for satellites for conducting a variety of mission profiles. With the advent of technology, the nature of battles has changed drastically. For various military requirements, including communication, the defense agencies around the world require space capability to meet the demand for more operationally responsive forces. Moreover, the growing utilization of commercial satellite platforms for dual (military and civil) purposes has boosted the market. China, India, and several other nations in the region use satellite telemetry data to provide satellite tracking, telemetry, and command to its relevant users through several ground-based antennas that are located at various locations globally.

Regional Analysis:

China is Expected to Exhibit the Highest Growth Rate

The augmented demand for satellites has resulted in the initiation of several R&D programs that are either government-funded or financed by private entities. Several launches have been carried out during the last couple of years for fulfilling the demands of both commercial and military operators. China is racing ahead to develop an indigenous navigation system. On this note, in April 2019, China launched a BeiDou satellite from the mountainous Xichang spaceport. China envisions to complete its BeiDou constellation by 2020. Since 2000, China has launched 44 BeiDou satellites that include test models (now defunct) and previous-generation satellites that provide regional navigation coverage over the Chinese territory and its neighboring regions. In 2019, China achieved 34 orbital launches and surpassed the United States, which achieved a mere 21 launches. China plans to launch the worlds biggest space telescope, the worlds heaviest rocket, and a space station to rival the ISS in the upcoming period. Such developments are anticipated to drive the China segment of the market in focus during the forecast period.

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