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Global Space Militarization Market to reach USD 88.5 billion by the end of 2030

Global Space Militarization Market Size study & Forecast, by Capability (Defense, Support), by Solution (Space-based Equipment, Ground-based Equipment, Logistics & Services), and Regional Analysis, 2023-2030

Product Code: SSAD-57728990
Publish Date: 10-08-2023
Page: 200

Global Space Militarization Market is valued approximately USD 50 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 7.4% over the forecast period 2023-2030. Space militarization refers to the development, deployment, and utilization of military capabilities and technologies in outer space with the aim of enhancing national security, achieving strategic advantages, and protecting space-based assets. It involves the integration of space systems, satellites, surveillance, communication networks, and weapons systems to enable military operations, intelligence gathering, situational awareness, and potential offensive or defensive actions in the space domain. The ultimate objective of space militarization is to secure and protect a nation’s interests in space, ensure space dominance, and deter potential adversaries. The drivers boosting the market growth are increasing national security concerns with the desire to protect a country’s assets, infrastructure, in space and rising space budgets and investments.

Major powers are investing in space capabilities for military purposes. For example, in fiscal year 2021, the U.S. Department of Defense requested approximately $15.4 billion for space-related programs. China has been steadily increasing its space budget and investments in military space capabilities. Other countries with notable investments in space militarization include Russia, India, and France, among others. Moreover, improving Space Situational Awareness (SSA) and Space Traffic Management (STM) and growing commercial space sector is expected to create lucrative opportunities. However, the high cost of Space Militarization and its resources and technological limitations and risks stifles market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Space Militarization Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the technological advancements, robust infrastructure, and significant defense spending. With its well-established defense industry, strong presence of key players, and dedicated space-focused organizations like the U.S. Space Force, North America has positioned itself at the forefront of space militarization efforts. However, Asia Pacific is expected to become the fastest growing during the forecast period, due to the rapid advancements in its space capabilities, with countries such as China, India, and Japan making significant investments in space-based military technologies. Other countries in the region, such as South Korea and Australia, are also investing in space militarization and developing their space-based defense capabilities.

Major market player included in this report are:
The Boeing Company
General Dynamics Corporation
Lockheed Martin Corporation
Raytheon Technological Corporation
Northrop Grumman Corporation
Space Exploration Technologies Corporation (SpaceX)
Airbus Defense and Space
L3Harris Technologies Inc.
BAE Systems plc
Thales Group

Recent Developments in the Market:
Ø In June 2023, SpaceX launched 56 Starlink satellites on a Falcon 9 rocket at 11:35 a.m. ET (1535 GMT). This launch was significant as it represented SpaceX’s 43rd launch of the year and the 242nd successful flight of the Falcon 9 rocket to date.
Ø In June 2023, Boeing and Aurora Flight Sciences invested in the development of advanced defensive systems and countermeasures. These advancements are specifically focused on enhancing next-generation refueling and mobility platforms, such as the KC-46A Pegasus tanker.

Global Space Militarization Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Capability, Solution, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

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 years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential 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 Capability:

By Solution:
Space-based Equipment
Ground-based Equipment
Logistics & Services

By Region:

North America


Asia Pacific
South Korea

Latin America

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. Space Militarization Market, by Region, 2020-2030 (USD Billion)
1.2.2. Space Militarization Market, by Capability, 2020-2030 (USD Billion)
1.2.3. Space Militarization Market, by Solution, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Space Militarization Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Space Militarization Market Dynamics
3.1. Space Militarization Market Impact Analysis (2020-2030)
3.1.1. Market Drivers Increasing national security spending Rising space budgets and investments
3.1.2. Market Challenges High Cost of Space Militarization and its resources Technological limitations and risks
3.1.3. Market Opportunities Improving Space Situational Awareness (SSA) and Space Traffic Management (STM) Growing commercial space sector
Chapter 4. Global Space Militarization 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
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Space Militarization Market, by Capability
5.1. Market Snapshot
5.2. Global Space Militarization Market by Capability, Performance – Potential Analysis
5.3. Global Space Militarization Market Estimates & Forecasts by Capability 2020-2030 (USD Billion)
5.4. Space Militarization Market, Sub Segment Analysis
5.4.1. Defense
5.4.2. Support
Chapter 6. Global Space Militarization Market, by Solution
6.1. Market Snapshot
6.2. Global Space Militarization Market by Solution, Performance – Potential Analysis
6.3. Global Space Militarization Market Estimates & Forecasts by Solution 2020-2030 (USD Billion)
6.4. Space Militarization Market, Sub Segment Analysis
6.4.1. Space-based Equipment
6.4.2. Ground-based Equipment
6.4.3. Logistics & Services
Chapter 7. Global Space Militarization Market, Regional Analysis
7.1. Top Leading Countries
7.2. Top Emerging Countries
7.3. Space Militarization Market, Regional Market Snapshot
7.4. North America Space Militarization Market
7.4.1. U.S. Space Militarization Market Capability breakdown estimates & forecasts, 2020-2030 Solution breakdown estimates & forecasts, 2020-2030
7.4.2. Canada Space Militarization Market
7.5. Europe Space Militarization Market Snapshot
7.5.1. U.K. Space Militarization Market
7.5.2. Germany Space Militarization Market
7.5.3. France Space Militarization Market
7.5.4. Spain Space Militarization Market
7.5.5. Italy Space Militarization Market
7.5.6. Rest of Europe Space Militarization Market
7.6. Asia-Pacific Space Militarization Market Snapshot
7.6.1. China Space Militarization Market
7.6.2. India Space Militarization Market
7.6.3. Japan Space Militarization Market
7.6.4. Australia Space Militarization Market
7.6.5. South Korea Space Militarization Market
7.6.6. Rest of Asia Pacific Space Militarization Market
7.7. Latin America Space Militarization Market Snapshot
7.7.1. Brazil Space Militarization Market
7.7.2. Mexico Space Militarization Market
7.8. Middle East & Africa Space Militarization Market
7.8.1. Saudi Arabia Space Militarization Market
7.8.2. South Africa Space Militarization Market
7.8.3. Rest of Middle East & Africa Space Militarization Market

Chapter 8. Competitive Intelligence
8.1. Key Company SWOT Analysis
8.1.1. Company 1
8.1.2. Company 2
8.1.3. Company 3
8.2. Top Market Strategies
8.3. Company Profiles
8.3.1. The Boeing Company Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
8.3.2. General Dynamics Corporation
8.3.3. Lockheed Martin Corporation
8.3.4. Raytheon Technological Corporation
8.3.5. Northrop Grumman Corporation
8.3.6. Space Exploration Technologies Corporation (SpaceX)
8.3.7. Airbus Defense and Space
8.3.8. L3Harris Technologies Inc.
8.3.9. BAE Systems plc
8.3.10. Thales Group
Chapter 9. Research Process
9.1. Research Process
9.1.1. Data Mining
9.1.2. Analysis
9.1.3. Market Estimation
9.1.4. Validation
9.1.5. Publishing
9.2. Research Attributes
9.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
We are dedicated to clearly communicating the purpose and objectives of each research project in the final deliverables. Our process begins by identifying the specific problem or challenge our client wishes to address, and from there, we establish precise research questions that need to be answered. To gain a comprehensive understanding of the subject matter and identify the most relevant trends and best practices, we conduct an extensive review of existing literature, industry reports, case studies, and pertinent academic research.
Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
After conducting the research, our experts analyze the findings in relation to the research objectives and the specific needs of the client. They generate valuable insights and recommendations that directly address the client’s business challenges. These insights are carefully connected to the research findings to provide a comprehensive understanding.
Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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