Asia Pacific (APAC) Small Launch Vehicle Market (2024-2030) | Forecast, Growth, Analysis, Size, Trends, Industry, Value, Outlook, Share, Companies & Revenue

Topics Covered in Asia Pacific (APAC) Small Launch Vehicle Market Report

Asia Pacific (APAC) Small Launch Vehicle Market report thoroughly covers the market by Payload, by end-users, by countries. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Asia Pacific (APAC) Small Launch Vehicle Market Synopsis

Asia Pacific (APAC) Small Launch Vehicle Market has been Flourishing and is predicted to rise more at a significant growth rate during the forecast period 2024 to 2030. There are several factors contributing to the market growth such as increasing investments in space exploration activities, rising demand for small satellites for commercial and military applications, and advancements in technology leading to the development of efficient and cost-effective launch vehicles.

According to 6Wresearch, Asia Pacific (APAC) Small Launch Vehicle Market size is expected to grow at a significant CAGR of 10% during 2024-2030.  One of the major factors fuelling the growth of the APAC small launch vehicle market is the increasing demand for satellite constellations. With the rise in applications such as communication, navigation, remote sensing, and internet services, there is a growing need for small satellites that can be quickly and cost-effectively launched into orbit.

In addition, the government of the country has been actively India's Department of Space has established the Indian National Space Promotion and Authorization Centre (IN-Space) to promote and regulate the private sector's participation in space activities. Similarly, Japan has also implemented a new law to facilitate commercial launches by private companies. These initiatives are expected to create a conducive environment for small launch vehicle manufacturers and operators in the APAC region.

The market is also dealing with a number of challenges that are hampering its growth. there are certain challenges that may hinder the growth of the APAC small launch vehicle market. These include technical complexities in designing and manufacturing small launch vehicles, high development costs, and stringent regulations imposed by governments on rocket launches due to safety concerns.

Asia Pacific (APAC) Small Launch Vehicle Market: Leading Players

Some of the leading players in the APAC small launch vehicle market include Mitsubishi Heavy Industries, Rocket Lab USA, China Aerospace Science and Technology Corporation (CASC), Antrix Corporation Limited, and Korea Aerospace Research Institute, among others. These players are focusing on partnerships and collaborations to enhance their technological capabilities and expand their market presence.

Asia Pacific (APAC) Small Launch Vehicle Market: Government Regulations

Governments in the APAC region is also playing a crucial role in driving the growth of the small launch vehicle market. Many countries, including Japan, China, India, South Korea, and Australia, have recognized the potential of small satellite technology and are actively promoting its development through various initiatives.

For instance, in 2019, Japan's space agency JAXA launched a dedicated rocket program called "Small Innovative Launcher for Commercial Applications" (SILCA) to support the development of small launch vehicles. Similarly, China's National Development and Reform Commission has included small satellite launches in its "Made in China 2025" plan, which aims to boost the country's high-tech industries.

governments are also providing funding and subsidies for research and development activities related to small launch vehicles. This support is further encouraging private companies to enter the market and develop innovative solutions, thereby driving the growth of the APAC small launch vehicle market.

Future Insights of the Market

With technological advancements and increased competition in the small launch vehicle market, there is also a growing focus on sustainability. As space launches have a significant impact on the environment, companies are now investing in greener technologies and practices to reduce their carbon footprint. This trend is expected to continue in the APAC region as well, with government regulations promoting sustainable practices.

the expanding investments the future of the APAC small launch vehicle market looks promising with a strong demand for satellite launches and increasing investments from both government and private sectors. As this market continues to evolve, it is important for stakeholders to collaborate and address challenges in order to fully capitalize on its potential. With continued innovation and partnerships, the APAC region has the opportunity to become a major player in the global small launch vehicle market.

Market Segmentation by Payload type

According to Dhaval, Research Manager, 6Wresearch, out of these categories, the segment with a payload capacity of 21Kg-150Kg is projected to have the highest growth potential in the future. This can be attributed to the growing trend of miniaturization of satellites for various applications such as communication, remote sensing, and Earth observation. Small satellites have become increasingly popular due to their lower cost and shorter development time compared to traditional larger ones. This has led to a rise in demand for small launch vehicles that can efficiently transport these smaller payloads into orbit.

Market Segmentation by End-user

On the basis of End-users, according to industry experts, the commercial sector is expected to experience significant growth in the Asia Pacific small launch vehicle market. As technology advances and becomes more accessible, there is a growing demand for low-cost satellite launches from private companies looking to enter the space market.

Market Segmentation by Countries

One country in particular that is expected to see significant growth in its small launch vehicle market is Japan. With a well-established aerospace industry and advanced technological capabilities, Japan has been actively developing and launching small satellites over the past few years. The government has also been providing support and funding for private companies to develop their own small launch vehicles.

Key Attractiveness of the Report

• 10 Years Market Numbers.
• Historical Data Starting from 2020 to 2023.
• Base Year: 2023
• Forecast Data until 2030.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• APAC Small Launch Vehicle Market Overview
• APAC Small Launch Vehicle Market Outlook
• APAC Small Launch Vehicle Market Forecast
• Historical Data of APAC Small Launch Vehicle Market Revenues & Volume for the Period 2020-2030
• APAC Small Launch Vehicle Market Size and APAC Small Launch Vehicle Market Forecast of Revenues & Volume, Until 2030
• Historical Data of APAC Small Launch Vehicle Market Revenues and Volume, By Payload, for the Period 2020-2030
• Market Size & Forecast of APAC Small Launch Vehicle Market Revenues and Volume, By Payload, Until 2030
• Historical Data of APAC Small Launch Vehicle Market Revenues and Volume, By End Users, for the Period 2020-2030
• Market Size & Forecast of Asia Pacific Small Launch Vehicle Market Revenues and Volume, By End Users, Until 2030
• Historical Data of India Small Launch Vehicle Market Revenues and Volume, for the Period 2020-2030
• Market Size & Forecast of India Small Launch Vehicle Market Revenues and Volume, Until 2030
• Historical Data of China Small Launch Vehicle Market Revenues and Volume, for the Period 2020-2030
• Market Size & Forecast of China Small Launch Vehicle Market Revenues and Volume, Until 2030
• Historical Data of Japan Small Launch Vehicle Market Revenues and Volume, for the Period 2020-2030
• Market Size & Forecast of Japan Small Launch Vehicle Market Revenues and Volume, Until 2030
• Historical Data of Australia Small Launch Vehicle Market Revenues and Volume, for the Period 2020-2030
• Market Size & Forecast of Australia Small Launch Vehicle Market Revenues and Volume, Until 2030
• Historical Data of Indonesia Small Launch Vehicle Market Revenues and Volume, for the Period 2020-2030
• Market Size & Forecast of Indonesia Small Launch Vehicle Market Revenues and Volume, Until 2030
• Historical Data of Malaysia Small Launch Vehicle Market Revenues and Volume, for the Period 2020-2030
• Market Size & Forecast of Malaysia Small Launch Vehicle Market Revenues and Volume, Until 2030
• Historical Data of Thailand Small Launch Vehicle Market Revenues and Volume, for the Period 2020-2030
• Market Size & Forecast of Thailand Small Launch Vehicle Market Revenues and Volume, Until 2030
• Historical Data of Rest of APACs Small Launch Vehicle Market Revenues and Volume, for the Period 2020-2030
• Market Size & Forecast of Rest of APACs Small Launch Vehicle Market Revenues and Volume, Until 2030
• Market Drivers and Restraints
• APAC Small Launch Vehicle Market Price Trends
• APAC Small Launch Vehicle Market Trends and Industry Life Cycle
• Porter’s Five Force Analysis
• Market Opportunity Assessment
• APAC Small Launch Vehicle Market Share, By Players
• APAC Small Launch Vehicle Market Share, By Regions
• APAC Small Launch Vehicle Market Overview on Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations

Market Covered

The report offers a comprehensive study of the subsequent market segments:

By Payload:

• <20Kg
• 21Kg-150Kg
• 151Kg-500Kg
• 501Kg-1200Kg
• 1201Kg-2200Kg

By End Users:

• Academic
• Commercial
• Government
• Défense
• Non-Profit Organization

By Countries:

• India
• China
• Japan
• Australia
• Indonesia
• Malaysia
• Thailand
• Rest of the APAC Region