Military Satellite Market - Growth, Trends, and Forecast (2020 - 2025)

The Military Satellite Market is segmented by Type (Intelligence, Surveillance, Reconnaissance (ISR), Communication, and Navigation) and Geography.

Market Snapshot

Study Period:

2017-2025

Base Year:

2019

Fastest Growing Market:

Asia Pacific

Largest Market:

North America

CAGR:

6 %

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Market Overview

The military satellite market is anticipated to register a CAGR of above 6% during the forecast period.

  • The growing concern for terrorism has been driving the necessity for better tactical communication systems to be deployed by armed forces across the world. Military satellites are an essential part of the advanced tactical communication systems. Therefore, the growing demand for these communication systems has been driving the demand for military satellites.
  • An advanced Ka-band called SATCOM solutions was developed to overcome the challenges posed by command, control, communications, computers, intelligence, surveillance, and reconnaissance (C4ISR). This is also expected to generate demand for military communication satellites during the forecast period.

 

    Scope of the Report

    The military satellites market includes the following:

    Type
    Intelligence, Surveillance, and Reconnaissance (ISR)
    Communication
    Navigation
    Geography
    North America
    United States
    Canada
    Europe
    Russia
    France
    Italy
    Rest of Europe
    Asia-Pacific
    China
    India
    Australia
    Rest of Asia-Pacific
    Latin America
    Brazil
    Rest of Latin America
    Middle East & Africa
    United Arab Emirates
    Israel
    Iran
    South Africa
    Rest of Middle East & Africa

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    Key Market Trends

    Communication Segment is Projected to Have the Highest CAGR During the Forecast Period

    The communication segment of the market is expected to grow at the highest CAGR during the forecast period. This is due to the development of advanced communication systems on the battlefield. The development of tactical communication systems, tactical data links, modern network-centric battle force capabilities, and advanced SATCOMs are the significant applications of military communication satellites. Improved use of SATCOM may simplify the integration of C4ISR, thus, enabling the better use of UAVs and more advanced administrative, support, and personal welfare services. The SATCOMs are also expected to extend to new terrestrial communications networks that may improve the operational agility and border protection.

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    Asia Pacific Region is Projected to Have the Highest Growth During the Forecast Period

    The Asia-Pacific region is anticipated to have the highest growth rate during the forecast period, owing to growth in military satellite development in this region by countries, like China, India, Japan, and South Korea. Japan launched its first military satellite in Jan 2017, and by the end of Jun 2018, the country had launched eight intelligence-gathering satellites into the orbit. South Korea has also been developing a constellation of five high-power military surveillance satellites under the project called “Project 425”. Republic of Korea’s (ROK’s) Defense Acquisition Program Administration (DAPA) has invested about USD 900 million for this project. It has selected Korean Aerospace Industries, Hanwha Systems and Thales Alenia Space for this project. Project 425 is expected to be deployed in 2023. Other than these countries, China and India are also investing in satellite technology, improving their communication capacity.

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    Competitive Landscape

    The prominent players in the market are The Boeing Company, Thales Alenia Space, Airbus SE, Northrop Grumman Corporation, and Lockheed Martin Corporation. The government contracts have mostly been provided to multiple companies that work closely to support and develop new satellites. Also, the partnerships of the global players with the local players have been increasing the dependent market conditions to the government and industry requirements.

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    Table Of Contents

    1. 1. INTRODUCTION

      1. 1.1 Study Assumptions

      2. 1.2 Scope of the Study

    2. 2. RESEARCH METHODOLOGY

    3. 3. EXECUTIVE SUMMARY

    4. 4. MARKET DYNAMICS

      1. 4.1 Market Overview

      2. 4.2 Market Drivers

      3. 4.3 Market Restraints

      4. 4.4 Porter's Five Forces Analysis

        1. 4.4.1 Bargaining Power of Buyers/Consumers

        2. 4.4.2 Bargaining Power of Suppliers

        3. 4.4.3 Threat of New Entrants

        4. 4.4.4 Threat of Substitute Products

        5. 4.4.5 Intensity of Competitive Rivalry

    5. 5. MARKET SEGMENTATION

      1. 5.1 Type

        1. 5.1.1 Intelligence, Surveillance, and Reconnaissance (ISR)

        2. 5.1.2 Communication

        3. 5.1.3 Navigation

      2. 5.2 Geography

        1. 5.2.1 North America

          1. 5.2.1.1 United States

          2. 5.2.1.2 Canada

        2. 5.2.2 Europe

          1. 5.2.2.1 Russia

          2. 5.2.2.2 France

          3. 5.2.2.3 Italy

          4. 5.2.2.4 Rest of Europe

        3. 5.2.3 Asia-Pacific

          1. 5.2.3.1 China

          2. 5.2.3.2 India

          3. 5.2.3.3 Australia

          4. 5.2.3.4 Rest of Asia-Pacific

        4. 5.2.4 Latin America

          1. 5.2.4.1 Brazil

          2. 5.2.4.2 Rest of Latin America

        5. 5.2.5 Middle East & Africa

          1. 5.2.5.1 United Arab Emirates

          2. 5.2.5.2 Israel

          3. 5.2.5.3 Iran

          4. 5.2.5.4 South Africa

          5. 5.2.5.5 Rest of Middle East & Africa

    6. 6. COMPETITIVE LANDSCAPE

      1. 6.1 Vendor Market Share

      2. 6.2 Company Profiles

        1. 6.2.1 The Boeing Company

        2. 6.2.2 Thales Alenia Space

        3. 6.2.3 Airbus SE

        4. 6.2.4 Northrop Grumman Corporation

        5. 6.2.5 Lockheed Martin Corporation

        6. 6.2.6 Raytheon Company

        7. 6.2.7 Indian Space Research Organisation

        8. 6.2.8 ISS-Reshetnev

        9. 6.2.9 Mitsubishi Electric Corporation

        10. 6.2.10 OHB SE

        11. 6.2.11 Elbit System Ltd

        12. 6.2.12 Viasat Inc.

    7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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