The Military Satellites Global Market Report 2023 by The Business Research Company, provides military satellites market overview 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-yearforecast period – 2023-2032.
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According to The Business Research Company’s Military Satellites Global Market Report 2023, the market size will grow from $58.46 billion in 2022 to $62.19 billion in 2023 at a compound annual growth rate (CAGR) of 6.4%. 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 market size of the global military satellites is expected to grow to $73.26 billion in 2027 at a CAGR of 4.2%.
The increasing concern about terrorism is expected to fuel the growth of the military satellite market. The growing concern about terrorism has motivated the need for military forces around the world to deploy better military communication systems. Military satellites are an important part of modern military communication networks.
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The military satellites market is segmented:
1) By Satellite Type: Small Satellite, Medium-To-Heavy Satellite
2) By Payload Type: Communication Payload, Navigation Payload, Imaging Payload, Others
3) By Application: Intelligence, Surveillance, And Reconnaissance (ISR), Communication, Navigation
Top Major Players
The Boeing Company,
Israel Aerospace Industries,
Northrop Grumman Corporation,
ISS-Reshetnev,
SpaceX
The advancement in technology is shaping the military satellite market. Major companies working in the military satellite sector are focused on designing advanced technology solutions for military satellites. For instance, in July 2020, SpaceX, an American aerospace manufacturer and space transportation services company, launched South Korea’s first military communications satellite, called Anasis-II. Anasis-II will play a vital role in preserving peace on the Korean peninsula, and through this technical advance, the Republic of Korea will be able to improve not only its IT capabilities but also its space research and development operations.
The military satellites market report table of contents includes:
- Executive Summary
- Military Satellites Market Characteristics
- Military Satellites Market Trends And Strategies
- Military Satellites Market – Macro Economic Scenario
- Military Satellites Market Size And Growth
- Military Satellites Market Segmentation
- Military Satellites Market Regional And Country Analysis
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- Key Mergers And Acquisitions In The Military Satellites Market
- Military Satellites Market Future Outlook and Potential Analysis
- Appendix
List Of Tables :
Table 1: Global Historic Market Growth, 2017-2022, $ Billion
Table 2: Global Forecast Market Growth, 2022-2027F, 2032F, $ Billion
Table 3: Global Military Satellites Market, Segmentation By Satellite Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Table 4: Global Military Satellites Market, Segmentation By Payload Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Table 5: Global Military Satellites Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
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Table 27: The Boeing Company Financial Performance
Table 28: Israel Aerospace Industries Financial Performance
Table 29: Northrop Grumman Corporation Financial Performance
Table 30: ISS-Reshetnev Financial Performance
Table 31: SpaceX Financial Performance
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