An artificial object that is placed in the orbit of earth, that serve’s various purposes is called a Satellite. The function of satellite can be research, civilian & earth observation, weather information, navigation and others. The artificial satellite used for military purpose is referred to as Military Satellite. The main purposes of the Military Satellite are navigation, intelligence collection & military communication. The use of Military Satellite is growing due to factors like; capability of the satellite for constant surveillance, increasing demand for unmanned vehicles & drones, characteristic of providing large area coverage & communication even in most remote regions, more flexibility in communication (as they can be used for moving platforms), etc. Therefore, the Military Satellite Market is anticipated to expand and has tremendous scope during the forecast period. The global Military Satellite Market anticipated to flourish in the future by growing at a significantly higher CAGR.
The global Military Satellite Market is based on segment, by Type the market is segmented into Navigation, Communication and Intelligence Surveillance & Reconnaissance (ISR), and by System the market is segmented into EO/IR, SATCOM and Radar.
Military Satellite Market, By Type
Intelligence Surveillance & Reconnaissance (ISR)
Military Satellite Market, By System
On a global front, the Military Satellite Market covers North America (United States, Canada and Mexico), Europe (Germany, UK, France, Russia, Italy, Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific), South America (Brazil, Argentina, Columbia, Rest of South America) and Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA). American region is leading the Military Satellite Market owing to various economies being the major market.
Military Satellite Market, By Region
Rest of Europe
Rest of Asia-Pacific
Rest of South America
Middle East and Africa
Rest of MEA
The leading players in the market are ViaSat, Boeing, SpaceX, Israel Aerospace Industries, Airbus Defence & Space, Raytheon, Orbital ATK, Thales Group, Lockheed Martin and Northrop Grumman. The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and market share of the overall industry.
Israel Aerospace Industries
Airbus Defence & Space
Some of the key questions answered by the report are:
What was the market size in 2014 and forecast from 2015 to 2025?
What will be the industry market growth from 2015 to 2025?
What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
What are the major segments leading the market growth and why?
Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?