Key Players JAXA, CNSA, and ISRO Lead the Charge in Asia-Pacific's Advanced Space Composites Market Revolutionizing Satellite Technology and Aerospace Initiatives

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Nov 09, 2023, 18:15 ET

DUBLIN, Nov. 9, 2023 /PRNewswire/ -- The "Asia-Pacific Advanced Space Composites Market - Analysis and Forecast, 2023-2033" report has been added to ResearchAndMarkets.com's offering.

The Asia-Pacific advanced space composites market is on a rapid growth trajectory, with a projected value of $0.95 billion by 2033, a substantial increase from $0.26 billion in 2022. This growth, at a remarkable CAGR of 12.38% during the forecast period from 2023 to 2033, is primarily fueled by the increasing demand for lightweight and highly durable materials that are revolutionizing satellite technology and space exploration.

Market Introduction

The Asia-Pacific aerospace industry is witnessing the emergence of the advanced space composites market as a critical sector. Advanced space composites, known for their exceptional strength-to-weight ratios, endurance, and versatility, are reshaping space exploration, satellite technology, and various aerospace initiatives in the region.

Composites, a class of materials composed of multiple elements, offer superior mechanical, thermal, and structural properties. These materials are opening new opportunities to enhance the performance and efficiency of space systems.

Market Segmentation

The market is segmented as follows:

Segmentation 1: by Platform

Satellites
Launch Vehicles
Deep Space Probes and Rovers

Segmentation 2: by Component

Payloads
Structures
Antenna
Solar Array Panels
Propellent Tanks
Spacecraft Module
Sunshade Door
Thrusters
Thermal Protection

Segmentation 3: by Material

Carbon Fiber
Glass Fiber
Thermoset
Thermoplastic
Nanomaterials
Ceramic Matrix Composites (CMC) and Metal Matrix Composites (MMC)
Others

Segmentation 4: by Manufacturing Process

Automated Fiber Placement (ATL/AFP)
Compression Molding
Additive Manufacturing
Others

Segmentation 5: by Region

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

Key Drivers

The primary drivers propelling the Asia-Pacific Advanced Space Composites Market include:

Lightweight and Durability: Increasing demand for materials that combine lightweight properties with exceptional durability, which are essential for modern space applications, offers unprecedented opportunities to enhance the effectiveness and capabilities of spaceborne equipment.

Key Players

Key players operating in the Asia-Pacific advanced space composites market include:

Japan Aerospace Exploration Agency (JAXA)
China National Space Administration (CNSA)
Indian Space Research Organization (ISRO)
CST Composites
Toray Advanced Composites
Rockman Advanced Composites
Mitsubishi Chemical Corporation
Nippon Graphite Fiber Co., Ltd
ST Advanced Composites

Key Questions Addressed in the Report

The report answers crucial questions about the Asia-Pacific Advanced Space Composites Market, including:

Key drivers and challenges in the market.
Key opportunities in the market.
Various aspects of products and their growth projections.
Focus areas for new companies entering the market to stay ahead of the competition.

For more information about this report visit https://www.researchandmarkets.com/r/k16wdj

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