As identified by Undersecretary of Defense Ellen Lords in March, three industries are currently highly exposed to fallout from COVID-19. These are aerospace, shipbuilding and small satellite launch. The US space segment overall is especially vulnerable for two distinct key reasons. Firstly, the primary customer is the commercial sector, to the tune of a 4:1 ratio in funding terms. The commercial reliance for funding means the shutdown and closures have a very big impact on the sector, with many of these workers not being classified as essential workers.
The other key vulnerability for the satellite market is the large proportion of the supply chain that is made up of small businesses, with small businesses especially vulnerable to the COVID-19 crisis, as well as the most pressing impact point: cash liquidity. The following slides demonstrate the military satellite sector vulnerability to the cash flow issues brought on by the COVID-19 crisis, as well as specific workforce issues and the reliance on commercial activity in the sector.
In particular, the report provides an in-depth analysis of the following -
- The report is to understand the impact of the COVID-19 outbreak on the military satellites sector.
- This report provides insight into the current state of play, offers a look at potential future scenarios and assesses the actions that military satellites sector can take to mitigate the impact of COVID-19.
- Primary factors determining the future of the military satellites sector
- Supply chain vulnerability and commercial exposure problems
- Key military satellites program updates
Reasons To Buy
- Gain an overview of the current global COVID-19 situation
- Gain in-depth understanding about the impact of COVID-19 in military satellites Market
- Understand the impact that COVID-19 is having on the industry
- Explore future industry scenarios