Asia-Pacific Space-Qualified Propellant Tank Market: Focus on Platform, Propellant Tank, and Country - Analysis and Forecast, 2023-2033

PUBLISHED: December 17, 2024

PAGES: 51 Pages

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Introduction to Asia-Pacific Space-Qualified Propellant Tank Market

In 2023, the Asia-Pacific space-qualified propellant tank market was valued at $525.4 million and is expected to reach $1,116.0 million by the end of 2033, growing at a CAGR of 7.82% during the forecast period 2023-2033. Space-qualified propellant tanks, which are made to satisfy the exacting specifications of space missions, are crucial parts of the APAC aerospace industry. The fuel required for spacecraft propulsion is stored in these tanks, allowing for crucial functions like deorbiting, orbit modifications, and deep space exploration. Advanced materials and technologies are needed in their design and manufacture to guarantee dependability, efficiency, and safety in the hostile space environment.

Thanks to recent developments in materials science, tanks that can withstand high temperatures, pressures, and the corrosive properties of different propellants have been created. In an effort to lessen the environmental impact of space missions, manufacturers and research institutes in the Asia-Pacific area are spearheading advancements in propulsion systems that employ eco-friendly propellants like high-test peroxide (HTP).

The successful deployment of these tanks in APAC space missions highlights the critical role of reliable propellant storage solutions in the expansion of satellite technology and interplanetary exploration. Design factors, including material selection and structural integrity, are essential to mission success, balancing performance, cost, and manufacturability. As the APAC space industry prioritizes sustainability and efficiency, space-qualified propellant tanks will remain key to powering the next generation of spacecraft and supporting further space exploration.

Market Introduction

The market for space-qualified propellant tanks in Asia-Pacific is essential to the expanding satellite technology and space exploration industries in the region. These tanks, which store propellants required for spacecraft propulsion, including deep space exploration, orbit adjustments, and deorbiting operations, are made to withstand the demanding requirements of space missions. Innovations in materials science and aerospace engineering have fueled the market by producing tanks that can tolerate harsh environments like high temperatures, pressures, and corrosive propellants.

The need for dependable and effective propellant storage solutions is growing as the APAC region makes more investments in satellite technology and space programs. With continuous research and development aimed at enhancing propulsion systems and lowering the environmental impact, nations like China, India, Japan, and South Korea are leading space missions.

The adoption of green propellants, such as high-test peroxide (HTP), and innovations in tank design contribute to the sustainability of the industry. As space exploration efforts grow, the APAC space-qualified propellant tank market is poised for significant growth, supporting the next generation of space missions and interplanetary exploration.

Market Segmentation

Segmentation 1: by Platform

Satellite
- 0-500 kg
- 501-1,000 kg
- 1,001 kg and Above
Launch Vehicle
- Small Lift Launch Vehicle (0-2,200 kg)
- Medium and Heavy Lift Launch Vehicle (2,201 kg and Above)

Segmentation 2: by Propellant Tank

Diaphragm Tanks
Propellant Management Devices
Helium, Nitrogen and Xenon Tanks
Aluminum Alloy Tanks
Hydrazine Tanks
HTP Tanks

Segmentation 3: by Region

Asia-Pacific - China, India, Japan, and Rest-of-Asia-Pacific

How can this report add value to an organization?

Product/Innovation Strategy: The product segment helps the reader understand the different types of products available for deployment in Asia-Pacific Region. Moreover, the study provides the reader with a detailed understanding of the Asia-Pacific space-qualified propellant tank market based on platform (satellite and launch vehicle) and propellant tank.

Growth/Marketing Strategy: The Asia-Pacific space-qualified propellant tank market has seen major development by key players operating in the market, such as business expansion, partnership, collaboration, and joint venture. The company's favored strategy has been partnerships and contracts to strengthen its position in the Asia-Pacific space-qualified propellant tank market.

Product Code: SAT2459SS

Executive Summary

Scope and Definition

1 Markets

1.1 Trends: Current and Future Impact Assessment
- 1.1.1 Increasing Focus on Sustainability
- 1.1.2 On-Orbit Servicing and Refueling Technologies
1.2 Regulatory Landscape (by Country)
- 1.2.1 India
- 1.2.2 China
1.3 Space-Qualified Propellant Tank Manufacturers and Standards
1.4 New Space Business Scenario: An Emerging Opportunity for the Space-Qualified Propellant Tank Market
- 1.4.1 Growth in Small Satellite Market
- 1.4.2 Growth in Small Launch Vehicle Market
1.5 Start-Ups and Investment Landscape
1.6 Market Dynamics Overview
- 1.6.1 Market Drivers
  - 1.6.1.1 Advancements in Materials and Manufacturing Processes
  - 1.6.1.2 Increasing Deployment of Satellite Constellation
- 1.6.2 Market Restraints
  - 1.6.2.1 Risk of Orbital Debris Colliding with Propellant Tanks
- 1.6.3 Market Opportunities
  - 1.6.3.1 Modular and Reusable Propellant Tank Systems
  - 1.6.3.2 Increasing Deep Space Mission
1.7 Supply Chain Overview

2 Regions

2.1 Regional Summary
2.2 Asia-Pacific
- 2.2.1 Regional Overview
- 2.2.2 Driving Factors for Market Growth
- 2.2.3 Factors Challenging the Market
- 2.2.4 Application (by Platform)
- 2.2.5 Product (by Propellant Tank)
- 2.2.6 China
  - 2.2.6.1 Application (by Platform)
  - 2.2.6.2 Product (by Propellant Tank)
- 2.2.7 India
  - 2.2.7.1 Application (by Platform)
  - 2.2.7.2 Product (by Propellant Tank)
- 2.2.8 Japan
  - 2.2.8.1 Application (by Platform)
  - 2.2.8.2 Product (by Propellant Tank)
- 2.2.9 Rest-of-Asia-Pacific
  - 2.2.9.1 Application (by Platform)
  - 2.2.9.2 Product (by Propellant Tank)

3 Markets - Competitive Benchmarking & Company Profiles

3.1 Next Frontiers
3.2 Geographic Assessment
- 3.2.1 IHI Corporation
  - 3.2.1.1 Overview
  - 3.2.1.2 Top Products/Product Portfolio
  - 3.2.1.3 Top Competitors
  - 3.2.1.4 Target Customers
  - 3.2.1.5 Key Personnel
  - 3.2.1.6 Analyst View
  - 3.2.1.7 Market Share, 2022

4 Research Methodology

4.1 Data Sources
- 4.1.1 Primary Data Sources
- 4.1.2 Secondary Data Sources
- 4.1.3 Data Triangulation
4.2 Market Estimation and Forecast

Product Code: SAT2459SS

List of Figures

Figure 1: Space-Qualified Propellant Tank Market (by Region), $Million, 2022, 2023, and 2033
Figure 2: Asia-Pacific Space-Qualified Propellant Tank Market (by Platform, $Million, 2022 and 2033
Figure 3: Asia-Pacific Space-Qualified Propellant Tank Market (by Propellant Tank), $Million, 2022 and 2033
Figure 4: Space-Qualified Propellant Tank, Recent Developments
Figure 5: Small Satellite Market Scenarios (101-2,200 Kg), 2022-2033
Figure 6: Small Launch Vehicle Scenarios, 2022-2026
Figure 7: Impact Analysis of Market Navigating Factors, 2022-2033
Figure 8: Upcoming Deep Space Missions
Figure 9: Supply Chain and Risks within the Supply Chain
Figure 10: China Space-Qualified Propellant Tank Market, $Million, 2022-2033
Figure 11: India Space-Qualified Propellant Tank Market, $Million, 2022-2033
Figure 12: Japan Space-Qualified Propellant Tank Market, $Million, 2022-2033
Figure 13: Rest-of-Asia-Pacific Space-Qualified Propellant Tank Market, $Million, 2022-2033
Figure 14: Strategic Initiatives, 2020-2023
Figure 15: Share of Strategic Initiatives, 2020-2023
Figure 16: Data Triangulation
Figure 17: Top-Down and Bottom-Up Approach
Figure 18: Assumptions and Limitations

List of Tables

Table 1: Market Snapshot
Table 2: Space-Qualified Propellant Tank Market Opportunities across Regions
Table 3: Chinese National Standard Code for Space Propulsions
Table 4: List of Certification
Table 5: Funding and Investment Scenario, January 2019-January 2024
Table 6: Space-Qualified Propellant Tank Market (by Region), $Million, 2022-2033
Table 7: Asia-Pacific Space-Qualified Propellant Tank Market (by Platform), $Million, 2022-2033
Table 8: Asia-Pacific Space-Qualified Propellant Tank Market (by Propellant Tank), $Million, 2022-2033
Table 9: China Space-Qualified Propellant Tank Market (by Platform), $Million, 2022-2033
Table 10: China Space-Qualified Propellant Tank Market (by Propellant Tank), $Million, 2022-2033
Table 11: India Space-Qualified Propellant Tank Market (by Platform), $Million, 2022-2033
Table 12: India Space-Qualified Propellant Tank Market (by Propellant Tank), $Million, 2022-2033
Table 13: Japan Space-Qualified Propellant Tank Market (by Platform), $Million, 2022-2033
Table 14: Japan Space-Qualified Propellant Tank Market (by Propellant Tank), $Million, 2022-2033
Table 15: Rest-of-Asia-Pacific Space-Qualified Propellant Tank Market (by Platform), $Million, 2022-2033
Table 16: Rest-of-Asia-Pacific Space-Qualified Propellant Tank Market (by Propellant Tank), $Million, 2022-2033
Table 17: Market Share