The Counterspace Security Global Market Report 2023, provides comprehensive information on the counterspace security market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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The global counterspace security market size is expected to grow from $5.86 billion in 2022 to $6.55 billion in 2023 at a compound annual growth rate (CAGR) of 11.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global counterspace security market size is expected to reach $9.89 billion in 2027 at a CAGR of 10.9%.
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Next-generation product development is a key trend gaining popularity in the counterspace security market. Companies operating in the counterspace security market are developing innovative products to sustain their position in the market. For instance, in April 2023, CYSEC, a Switzerland-based data security company, launched ARCA SATCOM for securing internet communications over satellite. ARCA SATCOM is a groundbreaking Performance-Enhancing Proxy (PEP) that combines encryption and authentication. It significantly improves performance and security compared to standard VPNs. It achieves a two-fold increase in link throughput, reduces round-trips and acknowledgment messages, and supports multi-orbit deployment. ARCA SATCOM ensures comprehensive security by protecting data and metadata, utilizing FIPS-certified hardware for key management. It offers end-to-end encryption based on TLS 1.3 and AES-GCM, safeguards against eavesdropping attacks, and seamlessly integrates with existing terminals and gateways. ARCA SATCOM also provides enhanced performance, data protection, and compatibility, surpassing the capabilities of state-of-the-art virtual private networks (VPNs).
The counterspace security market is segmented:
1) By Product Type: Co-Orbital Systems, Non-Kinetic Physical Systems, Space-Based Electronic Warfare Systems, Space Situational Awareness, Cybersecurity
2) By Deployment Model: Low Earth Orbit (LEO), Medium Earth Orbit (MEO), Geosynchronous Equatorial Orbit (GEO), Ground-Based
3) By Application: Commercial, Military
North America was the largest region in the counterspace security market in 2022.
The table of contents in TBRC’s counterspace security market report includes:
1. Executive Summary
2. Counterspace Security Market Characteristics
3. Counterspace Security Market Trends And Strategies
4. Counterspace Security Market – Macro Economic Scenario
5. Counterspace Security Market Size And Growth
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26. Africa Counterspace Security Market
27. Counterspace Security Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Counterspace Security Market
29. Counterspace Security Market Future Outlook and Potential Analysis
30. Appendix
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