Asia: Spacecraft Market 2025

Spacecraft Market Size in Asia

In 2022, the Asian spacecraft market decreased by -6.3% to $X, falling for the second year in a row after two years of growth. In general, consumption, however, recorded a perceptible expansion. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Spacecraft Production in Asia

In value terms, spacecraft production rose sharply to $X in 2022 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 73%. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

Spacecraft Exports

Exports in Asia

In 2022, overseas shipments of civil spacecraft, satellites and launch vehicles increased by 1,667% to X units, rising for the second year in a row after two years of decline. In general, exports continue to indicate a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, spacecraft exports soared to $X in 2022. Overall, exports continue to indicate a prominent increase. The pace of growth appeared the most rapid in 2014 when exports increased by 149%. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

India dominates exports structure, finishing at X units, which was approx. 94% of total exports in 2022. The following exporters - China (X units) and South Korea (X units) - together made up 5.3% of total exports.

India was also the fastest-growing in terms of the civil spacecraft, satellites and launch vehicles exports, with a CAGR of +241.4% from 2012 to 2022. At the same time, China (+109.3%) displayed positive paces of growth. By contrast, South Korea (-6.9%) illustrated a downward trend over the same period. India (+94 p.p.) and China (+3.5 p.p.) significantly strengthened its position in terms of the total exports, while South Korea saw its share reduced by -97.5% from 2012 to 2022, respectively.

In value terms, China ($X), South Korea ($X) and India ($X) constituted the countries with the highest levels of exports in 2022, with a combined 72% share of total exports.

Among the main exporting countries, China, with a CAGR of +115.9%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in Asia stood at $X per unit in 2022, falling by -87.9% against the previous year. In general, the export price saw a abrupt shrinkage. The pace of growth was the most pronounced in 2020 an increase of 137% against the previous year. Over the period under review, the export prices hit record highs at $X per unit in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was South Korea ($X per unit), while India ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+7.1%), while the other leaders experienced mixed trends in the export price figures.

Spacecraft Imports

Imports in Asia

Spacecraft imports shrank rapidly to X units in 2022, waning by -84% compared with 2021. In general, imports continue to indicate a abrupt decrease. The growth pace was the most rapid in 2020 when imports increased by 383%. As a result, imports attained the peak of X units. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, spacecraft imports fell rapidly to $X in 2022. Over the period under review, imports showed a drastic downturn. The pace of growth appeared the most rapid in 2020 with an increase of 148% against the previous year. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

Kazakhstan dominates imports structure, recording X units, which was approx. 79% of total imports in 2022. It was distantly followed by China (X units), the Philippines (X units) and Malaysia (X units), together creating a 19% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to spacecraft imports into Kazakhstan stood at -1.7%. At the same time, the Philippines (+360.9%) and Malaysia (+66.3%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing importer imported in Asia, with a CAGR of +360.9% from 2012-2022. By contrast, China (-26.8%) illustrated a downward trend over the same period. While the share of Kazakhstan (+62 p.p.), the Philippines (+6.2 p.p.) and Malaysia (+5.1 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of China (-22.5 p.p.) displayed negative dynamics.

In value terms, Malaysia ($X) constitutes the largest market for imported civil spacecraft, satellites and launch vehicles in Asia, comprising 38% of total imports. The second position in the ranking was held by China ($X), with a 3.1% share of total imports. It was followed by the Philippines, with a 0.1% share.

From 2012 to 2022, the average annual growth rate of value in Malaysia totaled +101.9%. The remaining importing countries recorded the following average annual rates of imports growth: China (-30.9% per year) and the Philippines (-45.0% per year).

Import Prices by Country

In 2022, the import price in Asia amounted to $X per unit, growing by 96% against the previous year. Overall, the import price posted a slight increase. The pace of growth was the most pronounced in 2014 an increase of 137%. Over the period under review, import prices attained the maximum at $X per unit in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Malaysia ($X per unit), while Kazakhstan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+21.4%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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