Asia Pacific Satellite Bus Market Size & Outlook
Related Markets
Asia Pacific satellite bus market highlights
- The Asia Pacific satellite bus market generated a revenue of USD 4,160.6 million in 2024.
- The market is expected to grow at a CAGR of 9.4% from 2025 to 2030.
- In terms of segment, medium was the largest revenue generating size in 2024.
- Small is the most lucrative size segment registering the fastest growth during the forecast period.
- Country-wise, Australia is expected to register the highest CAGR from 2025 to 2030.
Asia Pacific data book summary
| Market revenue in 2024 | USD 4,160.6 million |
| Market revenue in 2030 | USD 7,108.9 million |
| Growth rate | 9.4% (CAGR from 2025 to 2030) |
| Largest segment | Medium |
| Fastest growing segment | Small |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Large, Medium, Small, Nano |
| Key market players worldwide | Airbus SE, Honeywell International Inc, Lockheed Martin Corp, Northrop Grumman Corp, Thales Group, Ball Corporation, ISRO, Sierra Space, The Boeing Company |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 29.1% of the global satellite bus market in 2024.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 7,108.9 million by 2030.
Medium was the largest segment with a revenue share of 74.65% in 2024. Horizon Databook has segmented the Asia Pacific satellite bus market based on large, medium, small, nano covering the revenue growth of each sub-segment from 2018 to 2030.
The Asia-Pacific (APAC) satellite bus market is rapidly expanding, driven by growing demand for telecommunications, earth observation, and defense applications. APAC governments and private enterprises are heavily investing in satellite technology to enhance national security, support economic development, and bridge the digital divide in rural areas.
Countries such as China, India, Japan, and South Korea are particularly influential, each pursuing satellite programs that align with their strategic priorities and ambitions in space exploration and technology leadership. This has improved the demand for satellite buses, thereby supporting the growth of this market.
The satellite bus market growth is also driven by increasing investments in satellite technology for communication, navigation, earth observation, and disaster management. The region's significant space programs and strong government support are key factors fueling this expansion.
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Satellite Bus Market Scope
Satellite Bus Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Sierra Space | View profile | 1001-5000 | Louisville, Colorado, United States, North America | https://sierraspace.com |
| Ball Corporation | View profile | 10001+ | Broomfield, Colorado, United States, North America | http://ball.com |
| The Boeing Company | View profile | 10001+ | Arlington, Virginia, United States, North America | http://www.boeing.com |
| ISRO | View profile | 1001-5000 | Bangalore, Karnataka, India, Asia | https://www.isro.gov.in |
| Thales Group | View profile | 10001+ | Paris, Ile-de-France, France, Europe | http://www.thalesgroup.com |
| Northrop Grumman Corp | View profile | 101000 | 2980 Fairview Park Drive, Falls Church, VA, United States, 22042 | https://www.northropgrumman.com |
| Lockheed Martin Corp | View profile | 122000 | 6801 Rockledge Drive, Bethesda, MD, United States, 20817 | https://www.lockheedmartin.com |
| Airbus SE | View profile | 150093 | P.O. Box 32008, Leiden, ZH, Netherlands, 2303 DA | https://www.airbus.com |
| Honeywell International Inc | View profile | 95000 | 855 South Mint Street, Charlotte, NC, United States, 28202 | https://www.honeywell.com |
Asia Pacific satellite bus market size, by country, 2018-2030 (US$M)
Asia Pacific Satellite Bus Market Outlook Share, 2024 & 2030 (US$M)
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