Military Satellite Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

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

Market Snapshot

Military Satellite Market Summary
Study Period: 2018 - 2026
Base Year: 2020
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.

Military Satellite_segment

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.

Military Satellite_geography

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.

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

**Subject to Availability

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Frequently Asked Questions

The Military Satellite Market market is studied from 2018 - 2026.

The Military Satellite Market is growing at a CAGR of >6% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2020.

The Boeing Company, Thales Alenia Space, Airbus SE, Northrop Grumman Corporation, Lockheed Martin Corporation are the major companies operating in Military Satellite Market.

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