Military Satellite Market

Military Satellite Market Size, Share, Growth Analysis, By Orbit Type(LEO, MEO, GEO), By Offering(Satellite Manufacturing, Launch Services, Operational Services), By Type(Nano-Micro, Small, Medium, Heavy), By Application(Intelligence, Surveillance, and Reconnaissance (ISR), Communication), By Component(Structures, Payload, Electric Power System, Instrument Control Unit), By regions(North America, Europe) - Industry Forecast 2025-2032


Report ID: UCMIG20A2068 | Region: Global | Published Date: Upcoming |
Pages: 165 | Tables: 55 | Figures: 60

Military Satellite Market Insights

Market Overview:

The global military satellite market was valued at USD 12.7 billion in 2020, and it is expected to increase from USD 13.6 billion in 2021 to USD 22.0 billion in 2028, indicating a Compound Annual Growth Rate (CAGR) of 7.10% during the 2021-2028 period. The COVID-19 pandemic had an unprecedented and significant impact globally, resulting in increased demand for satellites across all regions. Our analysis indicates that the global military satellite market exhibited an impressive growth rate of 16.21% in 2020. The sudden decrease in CAGR is attributable to the market's demand and growth, which is expected to return to pre-pandemic levels after the pandemic subsides.

Military Satellite Market, Forecast & Y-O-Y Growth Rate, 2020 - 2028
ForecastGrowthRate
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This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.

Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.

The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Aerospace & Defense by segment aggregation, the contribution of the Aerospace & Defense in Capital Goods and vendor share.

To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.

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FAQs

The market for Military Satellite was estimated to be valued at US$ XX Mn in 2021.

The Military Satellite Market is estimated to grow at a CAGR of XX% by 2028.

The Military Satellite Market is segmented on the basis of Orbit Type, Offering, Type, Application, Component, regions.

Based on region, the Military Satellite Market is segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America.

The key players operating in the Military Satellite Market are Airbus (Netherlands), BALL CORPORATION (U.S.), Boeing (U.S.), IAI (Israel), ISRO (India), L3Harris Technologies, Inc. (U.S.), Lockheed Martin Corporation (U.S.), Northrop Grumman (U.S.), ST Engineering (Singapore), Thales Group (France), Viasat, Inc. (U.S.).

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Military Satellite Market

Report ID: UCMIG20A2068

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