Report Update Nov 1, 2024

Singapore - Civil Spacecraft, Satellites and Launch Vehicles - Market Analysis, Forecast, Size, Trends and Insights

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Singapore: Spacecraft Market 2024

Spacecraft Market Size in Singapore

In 2022, after two years of growth, there was significant decline in the Singaporean spacecraft market, when its value decreased by -74.5% to $X. In general, consumption, however, saw resilient growth. As a result, consumption reached the peak level of $X, and then contracted dramatically in the following year.

Spacecraft Production in Singapore

In value terms, spacecraft production soared to $X in 2022 estimated in export price. Over the period under review, production posted a buoyant expansion. The pace of growth appeared the most rapid in 2014 when the production volume increased by 15,027% against the previous year. Spacecraft production peaked at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

Spacecraft Exports

Exports from Singapore

In 2022, exports of civil spacecraft, satellites and launch vehicles from Singapore shrank dramatically to X units, dropping by -76.7% on the previous year's figure. In general, exports, however, enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2014 with an increase of 124,367% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, spacecraft exports reduced sharply to $X in 2022. Overall, exports, however, showed a significant expansion. The growth pace was the most rapid in 2014 with an increase of 1,215,952%. Over the period under review, the exports attained the peak figure at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X units) was the main destination for spacecraft exports from Singapore, accounting for a 71% share of total exports. Moreover, spacecraft exports to the United States exceeded the volume sent to the second major destination, Indonesia (X units), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States amounted to +216.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (+11.6% per year) and India (0.0% per year).

In value terms, the United States ($X) emerged as the key foreign market for civil spacecraft, satellites and launch vehicles exports from Singapore, comprising 86% of total exports. The second position in the ranking was held by India ($X), with a 9.4% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States amounted to +389.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+33.6% per year) and Indonesia (+150.1% per year).

Export Prices by Country

In 2022, the average spacecraft export price amounted to $X per unit, increasing by 253% against the previous year. Over the period under review, the export price enjoyed a significant increase. The pace of growth was the most pronounced in 2020 when the average export price increased by 3,988% against the previous year. The export price peaked in 2022 and is likely to continue growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($X per unit), while the average price for exports to Indonesia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+124.1%), while the prices for the other major destinations experienced more modest paces of growth.

Spacecraft Imports

Imports into Singapore

In 2022, spacecraft imports into Singapore declined sharply to X units, waning by -97.1% on the previous year. In general, imports, however, recorded a resilient increase. The pace of growth appeared the most rapid in 2014 with an increase of 4,400% against the previous year. Imports peaked at X units in 2021, and then dropped notably in the following year.

In value terms, spacecraft imports dropped markedly to $X in 2022. Overall, imports, however, enjoyed a noticeable increase. The most prominent rate of growth was recorded in 2014 when imports increased by 19,679% against the previous year. Over the period under review, imports attained the peak figure at $X in 2021, and then shrank notably in the following year.

Imports by Country

In 2022, the United States (X units) was the main supplier of spacecraft to Singapore, accounting for a approx. 100% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States amounted to +35.6%.

In value terms, the United States ($X) constituted the largest supplier of civil spacecraft, satellites and launch vehicles to Singapore.

From 2012 to 2022, the average annual growth rate of value from the United States stood at +49.9%.

Import Prices by Country

The average spacecraft import price stood at $X per unit in 2022, dropping by -61.1% against the previous year. In general, the import price recorded a abrupt contraction. The most prominent rate of growth was recorded in 2014 when the average import price increased by 340%. The import price peaked at $X per unit in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +10.5% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for civil spacecraft, satellites and launch vehicles in the world?

The country with the largest volume of spacecraft consumption was Mexico, accounting for 46% of total volume. Moreover, spacecraft consumption in Mexico exceeded the figures recorded by the second-largest consumer, France, threefold. Luxembourg ranked third in terms of total consumption with a 5.8% share.

What are the largest producers of civil spacecraft, satellites and launch vehicles in the world?

China remains the largest spacecraft producing country worldwide, comprising approx. 68% of total volume. Moreover, spacecraft production in China exceeded the figures recorded by the second-largest producer, France, fourfold. South Korea ranked third in terms of total production with a 6.5% share.

What are the leading suppliers of civil spacecraft, satellites and launch vehicles to Singapore?

In value terms, South Korea constituted the largest supplier of spacecraft to Singapore, comprising 96% of total imports. The second position in the ranking was occupied by Malaysia, with a 1.6% share of total imports.

What are the leading importers of civil spacecraft, satellites and launch vehicles from Singapore?

In value terms, India, Indonesia and Malaysia $117) were the largest markets for spacecraft exported from Singapore worldwide.

What is the average export price for civil spacecraft, satellites and launch vehicles in Singapore?

The average spacecraft export price stood at $5,548 per unit in 2021, with an increase of 287% against the previous year.

What is the average import price for civil spacecraft, satellites and launch vehicles in Singapore?

In 2021, the average spacecraft import price amounted to $325 per unit, growing by 8.3% against the previous year.

This report provides an in-depth analysis of the spacecraft market in Singapore. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 30304000 - Spacecraft, satellites and launch vehicles, for civil use

Country coverage:

Singapore

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Singapore
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023