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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?
For any questions related to Military Satellite Market, Military Satellite Market Size, Military Satellite Market Growth, Military Satellite Market Analysis, Military Satellite Market Report, Military Satellite Market Share, Military Satellite Market Trends, Military Satellite Market Forecast, Military Satellite Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Military Satellite Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Military Satellite Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Military Satellite Market by Component
3.3.1: Structures
3.3.2: Payload
3.3.3: Electric Power System
3.3.4: Instrument Control Unit
3.3.5: Propulsion System
3.3.6: Thermal Control Subsystem
3.3.7: Communication System
3.3.8: Others
3.4: Global Military Satellite Market by Offering
3.4.1: Satellite Manufacturing
3.4.2: Launch Services
3.4.3: Operational Services
3.5: Global Military Satellite Market by Type
3.5.1: Nano-Micro
3.5.2: Small
3.5.3: Medium
3.5.4: Heavy
3.6: Global Military Satellite Market by Application
3.6.1: Intelligence, Surveillance, and Reconnaissance (ISR)
3.6.2: Communication
3.6.3: Navigation
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Military Satellite Market by Region
4.2: North American Military Satellite Market
4.2.1: North American Military Satellite Market by Type: Nano-Micro, Small, Medium, and Heavy
4.2.2: North American Military Satellite Market by Application: Intelligence, Surveillance, and Reconnaissance (ISR), Communication, and Navigation
4.3: European Military Satellite Market
4.3.1: European Military Satellite Market by Type: Nano-Micro, Small, Medium, and Heavy
4.3.2: European Military Satellite Market by Application: Intelligence, Surveillance, and Reconnaissance (ISR), Communication, and Navigation
4.4: APAC Military Satellite Market
4.4.1: APAC Military Satellite Market by Type: Nano-Micro, Small, Medium, and Heavy
4.4.2: APAC Military Satellite Market by Application: Intelligence, Surveillance, and Reconnaissance (ISR), Communication, and Navigation
4.5: ROW Military Satellite Market
4.5.1: ROW Military Satellite Market by Type: Nano-Micro, Small, Medium, and Heavy
4.5.2: ROW Military Satellite Market by Application: Intelligence, Surveillance, and Reconnaissance (ISR), Communication, and Navigation
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Military Satellite Market by Component
6.1.2: Growth Opportunities for the Global Military Satellite Market by Offering
6.1.3: Growth Opportunities for the Global Military Satellite Market by Type
6.1.4: Growth Opportunities for the Global Military Satellite Market by Application
6.1.5: Growth Opportunities for the Global Military Satellite Market by Region
6.2: Emerging Trends in the Global Military Satellite Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Military Satellite Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Military Satellite Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: Airbus
7.2: BALL
7.3: Boeing
7.4: IAI
7.5: ISRO
7.6: L3Harris Technologies
7.7: Lockheed Martin
7.8: Northrop Grumman
7.9: ST Engineering
7.10: Thales Group
.
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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