Asia Pacific Satellite Launch Vehicle Market Forecast (2018-2025)

Year AUSTRALIA CHINA INDIA JAPAN REST OF ASIA PACIFIC
2018 $ 36.7 $ 119.9 $ 79.7 $ 49.8 $ 86.3
2019 $ 38.2 $ 123.7 $ 84.0 $ 51.7 $ 90.0
2020 $ 39.7 $ 127.7 $ 88.4 $ 53.7 $ 93.8
2021 $ 41.2 $ 131.8 $ 93.1 $ 55.8 $ 97.8
2022 $ 42.8 $ 136.0 $ 98.1 $ 57.9 $ 102.0
2023 $ 44.5 $ 140.3 $ 103.3 $ 60.2 $ 106.3
2024 $ 46.2 $ 144.8 $ 108.7 $ 62.5 $ 110.8
2025 $ 48.0 $ 149.4 $ 114.5 $ 64.9 $ 115.4
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Asia Pacific Satellite Launch Vehicle Market Forecast (2018-2025)

Synopsis
The above chart is Global Satellite Launch Vehicle market [2018-2025] by Asia Pacific

Market Dynamics

china accounted for the largest market share in 2018 in the asia pacific satellite launch vehicle market, and is expected to reach usd 149.40 million in 2025 from usd 119.90 million in 2018. however, india is the fastest growing market, which is expected to grow at a cagr of 5.30% during the forecast period 2019 - 2025. primary only segment accounted for the largest market share in 2018, this market is expected to reach usd 314.40 million in 2025 from usd 243.20 million in 2018. this market is projected to grow at a cagr of 3.74% during the forecast period from 2019 - 2025. however, 2 to 5 segment is the fastest growing market, which is expected to grow at a cagr of 4.89% during the forecast period 2019 - 2025. geosynchronous orbit geo segment accounted for the largest market share in 2018, this market is expected to reach usd 301.50 million in 2025 from usd 239.00 million in 2018. this market is projected to grow at a cagr of 3.36% during the forecast period from 2019 - 2025. however, low earth orbit leo segment is the fastest growing market, which is expected to grow at a cagr of 5.79% during the forecast period 2019 - 2025. non commercial segment accounted for the larger market share in 2018, this market is expected to reach usd 301.70 million in 2025 from usd 235.30 million in 2018. this market is projected to grow at a cagr of 3.62% during the forecast period from 2019 - 2025. however, commercial segment is the fastest growing market, which is expected to grow at a cagr of 4.82% during the forecast period 2019 - 2025. communication segment accounted for the largest market share in 2018, this market is expected to reach usd 215.10 million in 2025 from usd 168.70 million in 2018. this market is projected to grow at a cagr of 3.54% during the forecast period from 2019 - 2025. however, earth observation segment is the fastest growing market, which is expected to grow at a cagr of 5.22% during the forecast period 2019 - 2025.

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