Market Share of Space Militarization Industry
The space militarization market is consolidated and marked by the presence of aerospace incumbents such as The Boeing Company, Airbus SE, Lockheed Martin Corporation, Northrop Grumman Corporation, and RTX Corporation.
Strategic collaborations and partnerships between market players are projected to drive the technology transfer between companies in the future. Due to the high growth opportunities in the space sector, many new start-ups and companies have been venturing into the industry through various development programs. For instance, in February 2024, the UK Ministry of Defence (MoD) awarded Lockheed Martin Corporation an R&D contract to provide a secure, open-source, ground-segment software solution to task, monitor, and control its future space capabilities. Such focused developments in research and development by companies will further drive market growth.
Space Militarization Market Leaders
The Boeing Company
Airbus SE
Lockheed Martin Corporation
Northrop Grumman Corporation
RTX Corporation
*Disclaimer: Major Players sorted in no particular order
