Military Satellite Market
Military Satellite Market Size, Share & Trends Analysis Report, By Satellite Type (Small Satellite and Large Satellite), By Orbit Type (Low Earth Orbit and Geosynchronous Orbit), By Application (ISR, Communication, and Navigation), Forecast Period (2022-2028) Update Available - Forecast 2024-2030
Military satellite market is anticipated to grow at a CAGR of 6.7% during the forecast period. One of the core factors that is fuelling the market growth is the rising tensions between countries in the past few years. Rising tension between countries such as the US, China, India, Russia, and others has been witnessed which has increased the demand for their security at the borders. Such countries have increased the use of satellite that can map, navigate the borders, and inform the officials if notices some suspicion on the border. For instance, in November 2021, as per China Aerospace Science and Technology Corp., China launched 2 Yaogan 32-class military satellites for remote sensing applications on board a Long March 2C rocket.
Impact of COVID-19 Pandemic on the Global Military Satellite Market
COVID-19 pandemic had a significant impact on the financial investments of countries across the globe. It also restricted the manufacturing of subsystems, satellites, and components owing to the lockdown across the globe which dented the supply chain, material availability, transportation, and limited workforce. Although military satellite systems are critically important, the disruptions, and declined defense budget delayed the scheduled launches. However, the situation between some countries also got tense which boosted the demand for military satellites. For instance, in January 2022, the Indian Space Research Organisation (ISRO) planned to launch 5 satellites in the next 3 months which were halted due to the COVID-19 pandemic.
Segmental Outlook
The global military satellite market is segmented based on the satellite type, orbit type, and application. Based on the satellite type, the market is segmented into small satellites and large satellites. Based on the orbit type, the market is segmented into low earth orbit and geosynchronous orbit. Based on the application, the market is segmented into ISR, communication, and navigation. The above-mentioned segments can be customized as per the requirements. Based on application, the communication segment is projected to grow fastest in the market while based on satellite type, a small satellite is estimated to grow significantly during the forecast period.
Communication Segment Anticipated to Witness Fastest Growth in the Global Military Satellite Market
The communication segment is estimated to grow at the fastest rate in the market during the forecast period owing to the expansion of advanced communication systems for the battleground. The development of tactical data links, tactical communication systems, modern network-centric battle force capabilities, and advanced SATCOMs are some of the most significant applications of military communication satellites. The upgraded use of SATCOM has simplified the integration of C4ISR which has enabled the better use of UAVs and more advanced support, administrative, and personal welfare services. The SATCOMs are also anticipating extending to new terrestrial communications networks that can expand border protection and operational agility.
Regional Outlook
The global military satellite market is further segmented based on geography including North America (the US and Canada), Europe (UK, Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East & Africa and Latin America). The market can be analyzed for a particular region or country level as per the requirement. Asia Pacific is anticipated to grow significantly in the market while North America is projected to hold a prominent share in the market during the forecast period.
Global Military Satellite Market Growth, by Region 2022-2028
Asia-Pacific Region Anticipated to Grow Significantly in the Global Military Satellite Market
Asia-Pacific market is expected to grow significantly in the market during the forecast period owing to several factors such as ongoing geopolitical conflicts in the region between countries such as China, India, and others. The spending from the governments of India, China, and Japan on the space sector has also been increasing to offer mission-critical information such as intelligence, surveillance, reconnaissance (ISR), military communications, and navigation, which are projected to drive the market growth during the forecast period. The increasing defense expenditure on a year-on-year basis of countries such as India and China, among others, have also contributed to their satellite-based advanced technology for gaining ISR capabilities that provide coherent, accurate, and high-resolution intelligence information for serious missions. For instance, in November 2021, the Indian Defence Ministry approved the proposal for the GSAT-7C satellite manufacturing for the Indian Air Force. The GSAT-7C is set to be launched in two to three years duration which will boost the Indian Air Force's network-centric warfare capabilities and global operations.
Market Players Outlook
The major companies serving the global military satellite market include Airbus S.A.S., Lockheed Martin Corp., Northrop Grumman Systems Corp., Thales S.A., and The Boeing Co. The market players are contributing to the market growth by the adoption of various strategies including mergers and acquisitions, collaborations, and new product launches, to stay competitive in the market. For instance, in October 2021, France launched a state-of-the-art satellite into orbit, which as per the country, was designed for allowing all of France's armed forces across the globe to swiftly and securely communicate. The satellite can resist military aggression and interference from the ground and in space.
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global military satellite market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
• Recovery Scenario of Global Military Satellite Market
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.1.1. Airbus S.A.S.
3.1.1.1. Overview
3.1.1.2. Financial Analysis
3.1.1.3. SWOT Analysis
3.1.1.4. Recent Developments
3.1.2. Lockheed Martin Corp.
3.1.2.1. Overview
3.1.2.2. Financial Analysis
3.1.2.3. SWOT Analysis
3.1.2.4. Recent Developments
3.1.3. Northrop Grumman Systems Corp.
3.1.3.1. Overview
3.1.3.2. Financial Analysis
3.1.3.3. SWOT Analysis
3.1.3.4. Recent Developments
3.1.4. Thales S.A.
3.1.4.1. Overview
3.1.4.2. Financial Analysis
3.1.4.3. SWOT Analysis
3.1.4.4. Recent Developments
3.1.5. The Boeing Co.
3.1.5.1. Overview
3.1.5.2. Financial Analysis
3.1.5.3. SWOT Analysis
3.1.5.4. Recent Developments
3.2. Key Strategy Analysis
4. Market Segmentation
4.1. Global Military Satellite Market by Satellite Type
4.1.1. Small Satellite
4.1.2. Large Satellite
4.2. Global Military Satellite Market by Orbit Type
4.2.1. Low Earth Orbit
4.2.2. Geosynchronous Orbit
4.3. Global Military Satellite Market by Application
4.3.1. ISR
4.3.2. Communication
4.3.3. Navigation
5. Regional Analysis
5.1. North America
5.1.1. US
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. Elbit Systems Ltd.
6.2. GomSpace Group AB
6.3. Honeywell International Inc.
6.4. Indian Space Research Organisation (ISRO)
6.5. L3Harris Technologies, Inc.
6.6. Mitsubishi Electric Corp.
6.7. OHB SE
6.8. Planet Labs PBC.
6.9. Raytheon Technologies Corp.
6.10. Sierra Nevada Corp.
6.11. Space Exploration Technologies Corp.
6.12. Spire Global, Inc.
6.13. Viasat, Inc.
1. GLOBAL MILITARY SATELLITE MARKET RESEARCH AND ANALYSIS BY SATELLITE TYPE, 2021-2028 ($ MILLION)
2. GLOBAL SMALL MILITARY SATELLITE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
3. GLOBAL LARGE MILITARY SATELLITE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
4. GLOBAL MILITARY SATELLITE MARKET RESEARCH AND ANALYSIS BY ORBIT TYPE, 2021-2028 ($ MILLION)
5. GLOBAL LOW EARTH ORBIT MILITARY SATELLITE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
6. GLOBAL GEOSYNCHRONOUS ORBIT MILITARY SATELLITE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
7. GLOBAL MILITARY SATELLITE MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
8. GLOBAL MILITARY SATELLITE FOR ISR MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
9. GLOBAL MILITARY SATELLITE FOR COMMUNICATION MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
10. GLOBAL MILITARY SATELLITE FOR NAVIGATION MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
11. GLOBAL MILITARY SATELLITE MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2021-2028 ($ MILLION)
12. NORTH AMERICAN MILITARY SATELLITE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
13. NORTH AMERICAN MILITARY SATELLITE MARKET RESEARCH AND ANALYSIS BY SATELLITE TYPE, 2021-2028 ($ MILLION)
14. NORTH AMERICAN MILITARY SATELLITE MARKET RESEARCH AND ANALYSIS BY ORBIT TYPE, 2021-2028 ($ MILLION)
15. NORTH AMERICAN MILITARY SATELLITE MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
16. EUROPEAN MILITARY SATELLITE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
17. EUROPEAN MILITARY SATELLITE MARKET RESEARCH AND ANALYSIS BY SATELLITE TYPE, 2021-2028 ($ MILLION)
18. EUROPEAN MILITARY SATELLITE MARKET RESEARCH AND ANALYSIS BY ORBIT TYPE, 2021-2028 ($ MILLION)
19. EUROPEAN MILITARY SATELLITE MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
20. ASIA-PACIFIC MILITARY SATELLITE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
21. ASIA-PACIFIC MILITARY SATELLITE MARKET RESEARCH AND ANALYSIS BY SATELLITE TYPE, 2021-2028 ($ MILLION)
22. ASIA-PACIFIC MILITARY SATELLITE MARKET RESEARCH AND ANALYSIS BY ORBIT TYPE, 2021-2028 ($ MILLION)
23. ASIA-PACIFIC MILITARY SATELLITE MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
24. REST OF THE WORLD MILITARY SATELLITE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
25. REST OF THE WORLD MILITARY SATELLITE MARKET RESEARCH AND ANALYSIS BY SATELLITE TYPE, 2021-2028 ($ MILLION)
26. REST OF THE WORLD MILITARY SATELLITE MARKET RESEARCH AND ANALYSIS BY ORBIT TYPE, 2021-2028 ($ MILLION)
27. REST OF THE WORLD MILITARY SATELLITE MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
1. GLOBAL MILITARY SATELLITE MARKET SHARE BY SATELLITE TYPE, 2021 VS 2028 (%)
2. GLOBAL SMALL MILITARY SATELLITE MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
3. GLOBAL LARGE MILITARY SATELLITE MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
4. GLOBAL MILITARY SATELLITE MARKET SHARE BY ORBIT TYPE, 2021 VS 2028 (%)
5. GLOBAL LOW EARTH ORBIT MILITARY SATELLITE MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
6. GLOBAL GEOSYNCHRONOUS ORBIT MILITARY SATELLITE MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
7. GLOBAL MILITARY SATELLITE MARKET SHARE BY APPLICATION, 2021 VS 2028 (%)
8. GLOBAL MILITARY SATELLITE FOR ISR MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
9. GLOBAL MILITARY SATELLITE FOR COMMUNICATION MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
10. GLOBAL MILITARY SATELLITE FOR NAVIGATION MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
11. GLOBAL MILITARY SATELLITE MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
12. US MILITARY SATELLITE MARKET SIZE, 2021-2028 ($ MILLION)
13. CANADA MILITARY SATELLITE MARKET SIZE, 2021-2028 ($ MILLION)
14. UK MILITARY SATELLITE MARKET SIZE, 2021-2028 ($ MILLION)
15. FRANCE MILITARY SATELLITE MARKET SIZE, 2021-2028 ($ MILLION)
16. GERMANY MILITARY SATELLITE MARKET SIZE, 2021-2028 ($ MILLION)
17. ITALY MILITARY SATELLITE MARKET SIZE, 2021-2028 ($ MILLION)
18. SPAIN MILITARY SATELLITE MARKET SIZE, 2021-2028 ($ MILLION)
19. REST OF EUROPE MILITARY SATELLITE MARKET SIZE, 2021-2028 ($ MILLION)
20. INDIA MILITARY SATELLITE MARKET SIZE, 2021-2028 ($ MILLION)
21. CHINA MILITARY SATELLITE MARKET SIZE, 2021-2028 ($ MILLION)
22. JAPAN MILITARY SATELLITE MARKET SIZE, 2021-2028 ($ MILLION)
23. SOUTH KOREA MILITARY SATELLITE MARKET SIZE, 2021-2028 ($ MILLION)
24. REST OF ASIA-PACIFIC MILITARY SATELLITE MARKET SIZE, 2021-2028 ($ MILLION)
25. REST OF THE WORLD MILITARY SATELLITE MARKET SIZE, 2021-2028 ($ MILLION)
