Bizwit Research & Consulting LLP is a global provider of business intelligence & consulting services. We have a strong primary base of key industry leaders along with the chain of industry analysts to analyze the market trends and its future impact in order to estimates and forecast different business segments and markets. 

Global Military Satellite Market to reach with CAGR rate 6% billion by 2027.

Global Military Satellite Market Size study, by Satellite Type (Small Satellite, Medium-To-Heavy Satellite), by System (Electro-Optic/Infrared Sensor (EO/IS), Radar, SATCOM) Application (ISR, Communication, Navigation) and Regional Forecasts 2021-2027

Product Code: SASAAD_50658250
Publish Date: 20-01-2021
Page: 200

Global Military Satellite Market is valued approximately USD XX billion in 2020 and is anticipated to grow with a healthy growth rate of more than 6 % over the forecast period 2021-2027. Military Satellite is defined as an artificial machine which orbits the earth for certain purposes, consisting of computer-controlled system that can perform orbit control, power generation and thermal control. It contains features such as navigation, intelligence, weather information and ocean surveillance to perform several tasks and make the work easy for military personnel. The increasing investments in space budget and threats of missile and nuclear attacks has led the adoption of Military Satellite across the forecast period. Major countries in Asia and Middle East are in constant threat of missile and nuclear attacks thus making these regions a potential market for military satellite. For instance, according to Euroconsult’s Government Space Programs 2019 report, global government space budgets totaled $70.9 billion in 2018, registering a five-year compound annual growth rate of 5.75%. However, high manufacturing and launching costs impedes the growth of the market over the forecast period of 2021-2027. Also, Increasing R&D activities and technological advancements are expected to create new opportunities for the market.

Global Military Satellite Market is segmented on the basis of geographical region as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading region across the world in terms of market share owing to the technology advancement and major space industry located in this region. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate over the forecast period 2021-2027. Factors such as rising military budget, constant threats between the nation would create profitable growth prospects for the Military Satellite Market across Asia-Pacific region.

Major market player included in this report are:
The Boeing Company
GE Aviation
Israel Aerospace Industries
Lockheed Martin Corporation
Northrop Grumman Corporation
Raytheon Company
Thales Group
Viasat Inc.

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Satellite Type:
Small Satellite
Medium-To-Heavy Satellite
By System:
Electro-Optic/Infrared Sensor (EO/IS)
By Application:
By Region:
North America

Asia Pacific
South Korea
Latin America
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019
Base year – 2020
Forecast period – 2021 to 2027

Target Audience of the Global Military Satellite Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2027 (USD Billion)
1.2.1. Military Satellite Market, by region, 2019-2027 (USD Billion)
1.2.2. Military Satellite Market, by Satellite Type, 2019-2027 (USD Billion)
1.2.3. Military Satellite Market, by System, 2019-2027 (USD Billion)
1.2.4. Military Satellite Market, by Application, 2019-2027 (USD Billion)
1.2.5. Military Satellite Market, by Region Analysis, 2019-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Military Satellite Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Military Satellite Market Dynamics
3.1. Military Satellite Market Impact Analysis (2019-2027)
3.1.1. Market Drivers The increasing investments in space budget Threats of missile and nuclear attacks
3.1.2. Market Challenges High manufacturing and launching costs
3.1.3. Market Opportunities Technological advancements Increasing R&D activities
Chapter 4. Global Military Satellite Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2027)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Military Satellite Market, by Satellite Type
5.1. Market Snapshot
5.2. Global Military Satellite Market by Satellite Type, Performance – Potential Analysis
5.3. Global Military Satellite Market Estimates & Forecasts by Satellite Type 2018-2027 (USD Billion)
5.4. Military Satellite Market, Sub Segment Analysis
5.4.1. Small Satellite
5.4.2. Medium-To-Heavy Satellite
Chapter 6. Global Military Satellite Market, by System
6.1. Market Snapshot
6.2. Global Military Satellite Market by System, Performance – Potential Analysis
6.3. Global Military Satellite Market Estimates & Forecasts by System 2018-2027 (USD Billion)
6.4. Military Satellite Market, Sub Segment Analysis
6.4.1. Electro-Optic/Infrared Sensor (EO/IS)
6.4.2. Radar
6.4.3. SATCOM
Chapter 7. Global Military Satellite Market, by Application
7.1. Market Snapshot
7.2. Global Military Satellite Market by Application, Performance – Potential Analysis.
7.3. Global Military Satellite Market Estimates & Forecasts by Application Type 2018-2027 (USD Billion)
7.4. Military Satellite Market, Sub Segment Analysis
7.4.1. ISR
7.4.2. Communication
7.4.3. Navigation

Chapter 8. Global Military Satellite Market, Regional Analysis
8.1. Military Satellite Market, Regional Market Snapshot
8.2. North America Military Satellite Market
8.2.1. U.S. Military Satellite Market Satellite Type breakdown estimates & forecasts, 2018-2027 System breakdown estimates & forecasts, 2018-2027 Application Type breakdown estimates & forecasts, 2018-2027
8.2.2. Canada Military Satellite Market
8.3. Europe Military Satellite Market Snapshot
8.3.1. U.K. Military Satellite Market
8.3.2. Germany Military Satellite Market
8.3.3. France Military Satellite Market
8.3.4. Spain Military Satellite Market
8.3.5. Italy Military Satellite Market
8.3.6. Rest of Europe Military Satellite Market
8.4. Asia-Pacific Military Satellite Market Snapshot
8.4.1. China Military Satellite Market
8.4.2. India Military Satellite Market
8.4.3. Japan Military Satellite Market
8.4.4. Australia Military Satellite Market
8.4.5. South Korea Military Satellite Market
8.4.6. Rest of Asia Pacific Military Satellite Market
8.5. Latin America Military Satellite Market Snapshot
8.5.1. Brazil Military Satellite Market
8.5.2. Mexico Military Satellite Market
8.6. Rest of The World Military Satellite Market

Chapter 9. Competitive Intelligence
9.1. Top Market Strategies
9.2. Company Profiles
9.2.1. The Boeing Company Key Information Overview Financial (Subject to Data Availability) Satellite Summary Recent Developments
9.2.2. AeroVironment
9.2.3. GE Aviation
9.2.4. Israel Aerospace Industries
9.2.5. Lockheed Martin Corporation
9.2.6. Northrop Grumman Corporation
9.2.7. Raytheon Company
9.2.8. SpaceX
9.2.9. Thales Group
9.2.10. Viasat Inc.
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

The study of the market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geographies to provide a better regional outlook. In the report, country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. Our analysts contact company executives, managers, key opinion leaders, and industry experts. This enables our analyst to derive the closest possible figures without any major deviations in the actual number.

Primary Research Sources:

  • Interview conducted with raw material suppliers & manufacturers.
  • Interview conducted with manufacturers, suppliers & distributors, researchers, & representatives of regulatory bodies.
  • Interview conducted with market players, industry experts, & independent consultants.
  • Secondary Research Sources:
  • Purchased Database: D&B Hoovers, Bloomberg, Inc., Business Information Industry Association, NAICS Association.
  • Internal Database: White papers, Certified Publications, Articles by Recognized Authors and Regulatory Bodies.
  • Government Databases: Food and Agriculture Organization (FAO), European Industrial Hemp Association (EIHA), World Health Organization (WHO), Food and Drug Administration (FDA), International Telecommunication Union (ITU), United States Department of Agriculture (USDA), International organization of Motor Vehicle Manufacturers (OICA).

Need Assistance

Contact Person -
Krishant Mennon
Call us @
+ 91 99931 15879
Email: sales@bizwitresearch.com


Why Choose Us?

Quality over Quantity

Backed by 60+ paid data sources our reports deliver crisp insights with no compromise quality.

Analyst Support

24x7 Chat Support plus
free analyst hours with every purchase

Flawless Methodology

Our 360-degree approach of market study, our research methods leave stones unturned.

Enquiry Now