Military Satellite Market Size, Share, Growth, Major Segments, Leading Players and Competitive Analysis With Regional Trends By 2023

Global Military Satellite Market Research Report Covers Historical Market Trends, Current Market Dynamics, Market Valuation by Segmentation as Well as Region, Country-level Analysis for Every Segment, Key Player's Market Share Analysis, Competitive Landscape and Supply Chain Analysis.

Military Satellite Market – Market Overview

Satellite is an artificial object placed manually into orbit to serve various purposes. The functions could be navigation, weather information, civilian and earth observation, and research. The military satellites are used for conventional missions such as intelligence gathering, navigation, and military communications. These are computer-controlled systems that can perform tasks such as thermal control, telemetry, power generation, attitude control, and orbit control.

Such data is used for several applications such as agriculture, water resources, urban development, mineral prospecting, environment, forestry, border and maritime security, drought and flood forecasting, ocean resources and disaster management. By 2012, 6,600 satellites had been launched, of which 1,000 were operational.

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The continued focus of defense authorities on ISR payloads has been a key driver of the market. Huge investments are being made on deploying ISR to improve national security, by extraction of data from the enemies or the hostile neighboring countries. The ISR market is segmented into maritime patrol, airborne early warning and control (AEWC), sensor, and electronic warfare (EW) systems, which are crucial factors to conduct the military and security operations.

In addition, the UAVs are the next-generation airborne ISR platforms that will be adopted by defense authorities globally. These drones are used in force multipliers, ISR platforms, target recognition, damage assessment, and electronic warfare. They are also equipped with light amplification by stimulated emission of radiation (LASER) and global positioning system (GPS), which aid in ISR missions. Defense authorities around the world are investing in the development and procurement of UAVs to reduce the troop casualties and capital expenditure, and to replace some older and obsolete manned aircraft. In 2014, more than 10,000 different UAVs were in service in the global market.

Military Satellite Market – Competitive Analysis

The aerospace industry adopted new strategies to achieve greater efficiency, and reduced costs are increasing OEM's dependence on tier 1 suppliers. Big players such as Boeing and Airbus focus more on integration and less on internal production capability. These vendors are working toward a business model where they would need to work with fewer tier 1 suppliers and decreasing direct interactions with tier 2 and tier 3 suppliers.

The aerospace and defense supply chain can be classified among original equipment manufacturers (OEMs), and tier 1, tier 2, and tier 3 suppliers. Large aircraft manufacturers often referred to as OEM, specify their needs to tier 1 suppliers. OEM and tier 1 suppliers are the most critical players in this supply chain system as they are responsible for the overall design and manufacture of aircraft.

Key Players:

The leading market players in the global Military Satellite market primarily include Boeing, Israel Aerospace Industries, Raytheon, Thales, Northrop Grumman, Lockheed Martin, GE Aviation, SpaceX and ViaSat.

Intended Audience

• Distributer & Supplier companies
• End Users
• Consultants and Investment bankers
• Government as well as Independent Regulatory Authorities

Military Satellite Market – Segments

For the convenience of the report and enhanced understanding; The Military Satellite Market is segmented in to 3 key dynamics

Segmentation by Type: ISR, Communication, and Navigation.

Segmentation by System: Radar, SATCOM, EO/IS.

Segmentation by Regions: Comprises Geographical regions - Americas (North & Latin), Europe, APAC and Middle East & Africa.

Military Satellite Market – Regional Analysis

It is expected that the market will be dominated by North America, followed by Europe and Asia-Pacific. Europe and North America are expected to be the fastest-growing markets for military satellites with a major share of expenses by the US, Russia, France, and Italy.

The growing economy and increasing territorial disputes between Russia and the US, China and Vietnam, India and Pakistan, and North Korea and South Korea is expected to result in an increased adoption of advanced systems and technologies to strengthen their warfare capabilities. Also, due to the growing unrest situation in the Middle East and African countries (such as Saudi Arabia, Iraq, Syria), there has been significant growth in their defense budgets.

Table of Contents

1 Executive Summary

2 Scope of the Report
2.1.1. Market Definition
2.1.2. Scope of the Study
2.1.3. Market Structure
2.1.4. Key Takeaways
2.1.5. Key Buying Criteria

3 Research Methodology
3.1. Research Process
3.2. Primary Research
3.3. Secondary Research
3.4. Market Size Estimation
3.5. Forecast Model
3.6. List of Assumptions


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List of Tables

Table 1 Global Military Satellite Market, by Region, 2018–2023
Table 2 North America: Military Satellite Market, by Country, 2018–2023
Table 3 Europe: Military Satellite Market, by Country, 2018–2023
Table 4 Asia-pacific: Military Satellite Market, by Country, 2018–2023
Table 5 Middle East & Africa: Military Satellite Market, by Country, 2018–2023
Table 6 Latin America: Military Satellite Market, by Country, 2018–2023
Table 7 Global Military Satellite Market, by Region, 2018–2023
Table 8 North America: Military Satellite Market, by Country, 2018–2023


List of Figures

Figure 1 Research Process of Mrfr
Figure 2 Top-down & Bottom-up Approaches
Figure 3 Market Dynamics
Figure 4 Impact Analysis: Market Drivers
Figure 5 Impact Analysis: Market Restraints
Figure 6 Porter's Five Forces Analysis
Figure 7 Value Chain Analysis


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Name: Abhishek Sawant
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Organization: Market Research Future
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Release ID: 88924596