Military Satellite Market Research Report - Global Forecast till 2030

Military Satellite Market Research Report: by Orbit Type (Low Earth Orbit, Medium Earth Orbit and Geosynchronous Orbit), Payload Type (Communication Payload, Navigation Payload, Imaging Payload and Others), Satellite Type (Small Satellite and Medium-to-Heavy Satellite), System (Electro-Optic/Infrared Sensor (EO/IS), Radar and SATCOM), Application (ISR, Communication and Navigation) and Region (North America, Europe, Asia-Pacific, Middle East & Africa and Latin America) - Forecast till 2030

ID: MRFR/A&D/0745-CR | September 2019 | Region: Global | 110 Pages         

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Military Satellite Market

Military Satellites Market Size Is Anticipated To Grow At A USD 54.83 Billion In 2030 At A CAGR Of 4.9% 2020-2030

Segmentation
By Orbit Type Low Earth Orbit Medium Earth Orbit and Geosynchronous Orbit
By Payload Type Communication Payload Navigation Payload Imaging Payload and Others
By Satellite Type Small Satellite and Medium-to-Heavy Satellite
By System Electro-Optic/Infrared Sensor (EO/IS) Radar and SATCOM
By Application ISR Communication and Navigation
Key Players
Companies Profiled   Viasat Inc. (US).   AeroVironment (US)   Thales Group (France   The Boeing Company (US)   SpaceX (US)   Lockheed Martin Corporation (US   GE Aviation (US)   Raytheon Company (US)   Northrop Grumman Corporation (US)
Drivers
Market Driving Forces   The demand for the military satellite is growing for plenty of reasons. The prevalence of terrorism    global threats and national security issues are the crucial demand driving factor for the military satellite.
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Military Satellite Market Overview:


Military Satellites Market Size Is Anticipated  To Grow At A USD 54.83 Billion In 2030 At A CAGR Of 4.9% 2020-2030


Satellites are an important technology in today's world. It's a man-made satellite that orbits the Earth for various reasons. They're a computer-controlled system that can adjust orbits, generate power, and regulate temperature. Other useful aspects of the satellite include navigation, intelligence, meteorological data, and maritime monitoring. The portable military satellite is the current satellite market trend. Military satellites are an essential communication method for providing precise battlefield information. It establishes a communication link between a source transmitter and a receiver located all over the world. The growing demand for IoT in the aviation industry for various applications is predicted to fuel market expansion in the global Satellite Communication market by the end of the research period. Interconnectivity in aviation applications for IoT-based devices and services is necessary for interconnectivity in IoT-based devices and services, which is crucial for optimising various operations in the aviation sector. This real-time data sharing between IoT devices and components needs satellite connectivity. As a result, satellite communication will play a key role in IoT services and the aviation industry, driving market growth throughout the forecast period.


The market will have grown significantly by the end of the projection period due to increased demand for SATCOM equipment in telecommunications, space exploration, and telemetry. Satellite communication is widely used in military activities, likely to positively impact global market growth over the forecast period. By merging military frequency bands with commercial communications satellites, military SATCOM improves satellite communications such as personal communication, global broadcast, and bandwidth frequency.


Covid analysis 


Many global markets face several losses due to the covid 19. The satellite launch sector is also facing plenty of challenges. The funding from the consumer is affected due to the pandemic. Secondly, the closure of the research facilities has caused a massive impact on the market. The manufacturing of the military satellite came to a halt. However, the market is gradually resuming its production activities. Further, satellite market research is creating more growth opportunities for the market. During the pandemic, the demand supply chain was severely disturbed. However, the military satellite market trends remain stable during the forecast period. The most affected part of the military satellite market is the small business. The lack of cash liquidity was a major challenge in this market. However, the commercial activity is recovering that provides exceptional growth opportunities in upcoming years. 


Market dynamics 



  • Crucial market drivers¬†


The demand for the military satellite is growing for plenty of reasons. The prevalence of terrorism, global threats and national security issues are the crucial demand driving factor for the military satellite. Plenty of governments are backing the purchase of military satellites. Due to the wide range of military satellite capabilities, the requirement for the technology is high in many countries. The deployment of these military satellites is higher due to the tactical communication systems.


 Also, they come with easy networking features. Moreover, the military sector has a massive demand for unmanned aerial vehicles. These vehicles can travel through the air with constant guidance and navigation. There are the best options for guiding the UAVs. Also, these vehicles can travel with military satellite surveillance even in remote locations. The high demand for these armed unmanned vehicles is also driving the demand for military satellites. 



  • The market growth opportunities¬†


The technological advancements in the satellite market are offering exceptional growth opportunities. The military satellite is a highly fluctuating market. There are plenty of technological advancements in the product. The new developments in this field offer potential growth opportunities in the future. The key players of the market are establishing new product development strategies in the forecast years. Also, the enhanced version of the military satellite will come with new communication features and a surveillance system.


 The hybrid military satellite concept provides ample growth opportunities for the global military satellite market. The increasing R&D is another factor that provides potential growth options in the future. The military satellite imagery is a feature that was developed through plenty of R&D in the satellite market. Research and development in this field offer plenty of growth opportunities for the market in the upcoming years. Also, the growth opportunities will further enable market expansion and product awareness in the forecast period. 



  • The market restraints¬†


The military satellite market has a few retraining factors. The military satellites are a crucial communication system. However, the time taken to transmit the information to the ground defence system is long. The long time gap is the restraint of this market. It can result in several confusion and disruptions during an important mission. The reliance on this satellite is reduced when these problems arise. Also, if there is any technical difficulty it is impossible to fix it. Once the satellite is launched it becomes difficult to make any repairs. These factors can restrict the overall market forth in the future years. 



  • The market challenges¬†


The major challenge in the military satellite market is the high cost related to the tasks. The operational and deployment cost of this satellite is immense. Only developed nations are now taking advantage of this high-end technology. Cost is one of the significant challenges that are declining the growth rate of this market. Moreover, it is a technology that is not easily feasible in undeveloped regions. This factor affects the overall market expansion rate of the market. The high cost and difficult feasibility in the underdeveloped regions can diminish the market demand in the forecast period. 



  • The cumulative growth analysis¬†


The military satellite market trends look positive. The growth opportunities and market drivers ultimately increase the overall demand. However, due to the cost and less feasibility, the market may face some severe challenges. The research and development programs carried on these markets will prove beneficial for the overall growth. With the research, the key players are introducing vertical applications of this satellite. Also, the worldwide investment in military satellite increases the global revenue and demand for this market. There is a serious requirement to take cost-cutting measures in this market. With all these aspects the overall growth analysis of the market looks promising. 



  • The value chain analysis¬†


North America holds the maximum military satellite market share in the forecast period. Also, our military satellite communications are well established by the key players of the market. The increasing research and development is the major demand driving factors in this region. The adoption of the medium and large satellite market is happening at an exponential pace in North America. All new technologies require efficient vehicle technologies. The high usage of military and defence equipment is propelling the growth in this region. The demand for unmanned aerial vehicles in America is surging every year. It is another reason for the exceptional requirement of military satellites in this region. 


Market segment 


By payload type 



  • Imaging payload

  • Communication payload,

  • Navigation payload


By satellite type 



  • Small military satellite¬†

  • Medium military satellite¬†

  • Large military satellite¬†


By geography 



  • North America¬†

  • Asia pacific¬†

  • Europe¬†

  • Middle east¬†

  • Latin America¬†


Regional analysis 


The regional military satellite market is diversified into North America, Europe, Asia Pacific, the middle east and lain America. North America will lead the regional market in the forecast year. US and Canada have well established stale tile market that fosters moiré growth in this region. The military satellite is combined with complex technologies in this region. Europe the second largest market is witnessing an immense growth rate in the forecast year. The adoption of the military satellite is growing for th past few years. The high requirement for high-end satellites is the crucial driving factor in this region.


Also, Europe uses the new military satellite frequencies to develop the overall market. France, UK Germany, Italy are the key contributors to the massive growth in this region. The Asia Pacific is a significant region in the military satellite market. The more demand for defence vehicles is ultimately rising the need for a military satellite in this region. The Asia Pacific will experience the fastest growth rate during the forecast year. 


Competitive landscape 


The key players in the military satellite are establishing new developments. The crucial strategy is to implement cost cut down methods in the forecast period. The R&D by the key players is increasing the market demand in the upcoming years. Apart from this, market acquisition and partnerships are happening in 2025. The prominent regional players are responsible for huge revenue in these regions. 


The key players of the military satellite market are 



  • Viasat Inc. (US).

  • AeroVironment (US)

  • Thales Group (France

  • The Boeing Company (US)

  • SpaceX (US)

  • Lockheed Martin Corporation (US

  • GE Aviation (US)

  • Raytheon Company (US)

  • Northrop Grumman Corporation (US)


Recent Developments 


On February 20, 2022, SpaceX launched a US ISR satellite, the National Reconnaissance Office's NROL-87 payload, into orbit from Vandenberg Space Force Base in California using a Falcon 9 rocket.


In October 2021, France reported that it had successfully launched a cutting-edge satellite into orbit, intended to allow all of France's armed troops worldwide to communicate quickly and securely, according to the government. The satellite is built to withstand military attacks and terrestrial and space-based disturbances.


Report overview 

  • Market overview highlights¬†

  • Analysis based upon COVID 19

  • Explanation upon the Market Dynamics

  • Value chain analysis

  • Market segmentation overview

  • The regional analysis

  • Competitive landscape analysis

  • Recent Developments


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    Frequently Asked Questions (FAQ) :

    The military satellite market At A CAGR Of 4.9% 2020-2030

    The key players market are Viasat Inc. (US)., AeroVironment (US), Thales Group (France), The Boeing Company (US), SpaceX (US), Lockheed Martin Corporation (the US, GE Aviation (US), Raytheon Company (US) and Northrop Grumman Corporation (US).

    The Asia Pacific will experience the fastest growth rate during the forecast year.

    The demand for the military satellite is growing for plenty of reasons. The prevalence of terrorism, global threats and national security issues are the crucial demand driving factor for the military satellite.