Military Satellite Market Report: Trends, Forecast and Competitive Analysis to 2030

Military Satellite Market Report: Trends, Forecast and Competitive Analysis to 2030

Military Satellite Trends and Forecast

The future of the global military satellite market looks promising with opportunities in the intelligence, surveillance, and reconnaissance (ISR), communication, and navigation markets. The global military satellite market is expected to reach an estimated $32.7 billion by 2030 with a CAGR of 6.2% from 2024 to 2030. The major drivers for this market are rising need for constant surveillance and monitoring owing to security concerns, expanding use of AI in satellite manufacturing, as well as, improved data processing, laser communication technologies, and transmission capacity in military satellite.

A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.

Military Satellite by Segment

The study includes a forecast for the global military satellite by component, offering, type, application, and region.

Military Satellite Market by Component [Shipment Analysis by Value from 2018 to 2030]:

• Structures
• Payload
• Electric Power System
• Instrument Control Unit
• Propulsion System
• Thermal Control Subsystem
• Communication System
• Others

Military Satellite Market by Offering [Shipment Analysis by Value from 2018 to 2030]:

• Satellite Manufacturing
• Launch Services
• Operational Services

Military Satellite Market by Type [Shipment Analysis by Value from 2018 to 2030]:

• Nano-Micro
• Small
• Medium
• Heavy

Military Satellite Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Intelligence, Surveillance, And Reconnaissance (Isr)
• Communication
• Navigation

Military Satellite Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Military Satellite Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies military satellite companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the military satellite companies profiled in this report include-

• Airbus
• Ball
• Boeing
• IAI
• ISRO
• L3Harris Technologies
• Lockheed Martin
• Northrop Grumman
• ST Engineering
• Thales Group

Military Satellite Market Insights

Lucintel forecasts that nano-micro will remain the largest segment over the forecast period because of growing demand for spy satellites from military forces for real-time navigation data, as well as, rising number of microsatellites launched in recent years.

North America is expected to witness largest region over the forecast period because the comprehensive array of military satellites forms the backbone of global security and strategic advantage, with the U.S. Department of Defense (DoD) holding a central role in their operation and maintenance.

Features of the Global Military Satellite Market

Market Size Estimates: Military satellite market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Military satellite market size by various segments, such as by component, offering, type, application and region in terms of ($B).

Regional Analysis: Military satellite market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different component, offering, type, application, and regions for the military satellite market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the military satellite market.

Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

FAQ

Q.1 What is the military satellite market size?

Answer: The global military satellite market is expected to reach an estimated $32.7 billion by 2030.

Q.2 What is the growth forecast for military satellite market?

Answer: The global military satellite market is expected to grow with a CAGR of 6.2% from 2024 to 2030.

Q.3 What are the major drivers influencing the growth of the military satellite market?

Answer: The major drivers for this market are rising need for constant surveillance and monitoring owing to security concerns, expanding use of AI in satellite manufacturing, as well as, improved data processing, laser communication technologies, and transmission capacity in military satellite.

Q4. What are the major segments for military satellite market?

Answer: The future of the global military satellite market looks promising with opportunities in the intelligence, surveillance, and reconnaissance (ISR), communication, and navigation markets.

Q5. Who are the key Military Satellite Market companies?

Answer: Some of the key military satellite companies are as follows:

• Airbus
• BALL
• Boeing
• IAI
• ISRO
• L3Harris Technologies
• Lockheed Martin
• Northrop Grumman
• ST Engineering
• Thales Group

Q6. Which military satellite market segment will be the largest in future?

Answer: Lucintel forecasts that nano-micro will remain the largest segment over the forecast period because of growing demand for spy satellites from military forces for real-time navigation data, as well as, rising number of microsatellites launched in recent years.

Q7. In military satellite market, which region is expected to be the largest in next 5 years?

Answer: North America is expected to witness largest region over the forecast period because the comprehensive array of military satellites forms the backbone of global security and strategic advantage, with the U.S. Department of Defense (DoD) holding a central role in their operation and maintenance.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

Q.1. What are some of the most promising, high-growth opportunities for the military satellite market by component (structures, payload, electric power system, and instrument control unit, propulsion system, thermal control subsystem, communication system, and others), offering (satellite manufacturing, launch services, and operational services), type (nano-micro, small, medium, and heavy), application (intelligence, surveillance, and reconnaissance (ISR), communication, and navigation), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3. Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6. What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?

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