Global Satellite Communication Market in Defense Sector 2024-2028

Satellite Communication Market In Defense Sector 2024-2028

The satellite communication market in defense sector is forecasted to grow by USD 3659.5 mn during 2023-2028, accelerating at a CAGR of 9.3% during the forecast period. The report on the satellite communication market in defense sector provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increased seaborne security threats, increase in investment in defense sector, and rising concerns over political instability in different regions.

Technavio's satellite communication market in defense sector is segmented as below:

• By Application
• Surveillance and tracking
• Remote sensing
• Disaster recovery
• Others
• By Geographical Landscape
• North America
• Europe
• APAC
• South America
• Middle East and Africa

This study identifies the use of ai in satellite communication for earth-based observation as one of the prime reasons driving the satellite communication market in defense sector growth during the next few years. Also, high demand for remote sensing and monitoring applications and government plans to build network of spy satellites will lead to sizable demand in the market.

The report on the satellite communication market in defense sector covers the following areas:

• Satellite Communication Market In Defense Sector sizing
• Satellite Communication Market In Defense Sector forecast
• Satellite Communication Market In Defense Sector industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading satellite communication market in defense sector vendors that include Airbus SE, Cobham Ltd., EchoStar Corp., Elbit Systems Ltd., Eutelsat S.A., General Dynamics Corp., Honeywell International Inc., Indra Sistemas SA, Inmarsat Global Ltd., KVH Industries Inc., L3Harris Technologies Inc., Lockheed Martin Corp., NSIL Corp. Ltd., ORBCOMM Inc., RTX Corp., Thales Group, Thuraya Telecommunications Co., and Viasat Inc.. Also, the satellite communication market in defense sector analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.