
Military Satellite Market
Description
Military Satellite Market
Growth Factors of Military Satellite Market
The military satellite market size was valued at USD 15.96 billion in 2023, and the market is now projected to grow from USD 17.14 billion in 2024 to USD 28.13 billion by 2032, exhibiting a CAGR of 6.42% during the forecast period of 2024-2032.
Many changes to aerospace activities occurred during the COVID-19 pandemic last year all over the world. Nonetheless, there was a growth of the usage of nano/ micro spy satellites in orbit and a reduction in the number of med-weight satellites. Aerospace and satellite industry also suffered from problems pointed out by crowding and challenging operational scenarios during the pandemic. Although, there was increased demand for small satellites mainly due to factors such as affordability and flexibility of their structures.
Increasing terrorism, inter and intra state conflicts, and political instabilities are driving the military satellite markets. This need rises from the progressively increasing requirement of secure tactical communication systems to be deployed globally by various defense forces. Military satellites provide timely refresh intelligence, accurate navigation, and reliable communication which are the main aspects in military operations. It is contributing towards the increased usage of modern satellite systems particularly in defense across the globe.
Weight is a very sensitive parameter in the design of the airborne machines, while miniaturization dramatically decreases the loading and size of the components. Nano-microsatellites are lighter and compact which provides higher level of redundancy as well as new design solutions. Their designs are also cheaper and faster to develop, construct and put into space and as such space agencies find them favorable for various missions.
Comprehensive Analysis of Military Satellite Market
The military satellite market growth is also increasing exponentially because of the segmentation of its market. In fact, this market expansion offers a specific regional analysis based on the primary supply and demand forces, which affect the industry. These segmentations are methodically segregated by orbit type analysis, by offering analysis, by type analysis, by application analysis and by component analysis. By orbit type analysis incudes LEO, MEO, and GEO. By offering analysis incudes satellite manufacturing, launch services, and operational services. By type analysis incudes nano-micro, small, medium, and heavy. By application analysis incudes intelligence, surveillance, and reconnaissance (ISR), communication, and navigation. By component analysis incudes structures, payload, electric power system, instrument control unit, propulsion system, thermal control subsystem, communication system, and others.
The North America region lead the military satellite market share by benefitting a market size of USD 6.10 billion in 2023 due to the highest number of military satellites launched from the U.S. Augmented expenditure on space sector.
Top players in the market have their responsibility of aerospace & defence industrial prospectus growth of the retailing industry and the markets. These players include, Airbus, BALL CORPORATION, Boeing, IAI, ISRO, L3Harris Technologies, Inc., Lockheed Martin Corporation, Northrop Grumman, ST Engineering, Thales Group, Viasat, Inc. these market players provide a level-playing competitive landscape.
In September 2021, LIG Nex1 signed a USD 183 million contract with SpaceX to produce communication terminals for a military satellite communication system linked to ANASIS-II.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2019-2032
Base Year 2023
Estimated Year 2024
Forecast Period 2024-2032
Historical Period 2019-2022
Unit Value (USD Billion)
Growth Rate CAGR of 6.42% from 2024 to 2032
Segmentation
By Orbit Type
- LEO
- MEO
- GEO
By Offering
- Satellite Manufacturing
- Launch Services
- Operational Services
By Type
- Nano-Micro
- Small
- Medium
- Heavy
By Application
- Intelligence, Surveillance, and Reconnaissance (ISR)
- Communication
- Navigation
By Component
- Structures
- Payload
- Electric Power System
- Instrument Control Unit
- Propulsion System
- Thermal Control Subsystem
- Communication System
- Others
By Geography
- North America (Orbit Type; Offering; Type; Application; Component, and Country)
- U.S. (By Type)
- Canada (By Type)
- Europe (Orbit Type; Offering; Type; Application; Component, and Country)
- U.K. (By Type)
- Germany (By Type)
- France (By Type)
- Russia (By Type)
- Rest of Europe (By Type)
- Asia Pacific (Orbit Type; Offering; Type; Application; Component, and Country)
- China (By Type)
- India (By Type)
- Japan (By Type)
- South Korea (By Type)
- Rest of Asia Pacific (By Type)
- Rest of the World (Orbit Type; Offering; Type; Application; Component, and Sub-Region)
- Middle East & Africa (By Type)
- South America (By Type)
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Table of Contents
200 Pages
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 4. Key Insights
- 4.1. Key Industry Developments –Mergers, Acquisitions and Partnerships
- 4.2. Latest technological Advancements
- 4.3. Porters Five Forces Analysis
- 4.4. Supply Chain Analysis
- 5. Global Military Satellite Market Analysis, Insights and Forecast, 2019-2032
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Orbit Type
- 5.2.1. LEO
- 5.2.2. MEO
- 5.2.3. GEO
- 5.3. Market Analysis, Insights and Forecast – By Offering
- 5.3.1. Satellite Manufacturing
- 5.3.2. Launch Services
- 5.3.3. Operational Services
- 5.4. Market Analysis, Insights and Forecast – By Type
- 5.4.1. Nano-Micro
- 5.4.2. Small
- 5.4.3. Medium
- 5.4.4. Heavy
- 5.5. Market Analysis, Insights and Forecast – By Application
- 5.5.1. Intelligence, Surveillance, and Reconnaissance (ISR)
- 5.5.2. Communication
- 5.5.3. Navigation
- 5.6. Market Analysis, Insights and Forecast – By Component
- 5.6.1. Structures
- 5.6.2. Payload
- 5.6.3. Electric Power System
- 5.6.4. Instrument Control Unit
- 5.6.5. Propulsion System
- 5.6.6. Thermal Control SubSystem
- 5.6.7. Communication System
- 5.6.8. Others
- 5.7. Market Analysis, Insights and Forecast – By Region
- 5.7.1. North America
- 5.7.2. Europe
- 5.7.3. Asia pacific
- 5.7.4. Rest of the world
- 6. North America Military Satellite Market Analysis, Insights and Forecast, 2019-2032
- 6.1. Market Analysis, Insights and Forecast – By Orbit Type
- 6.1.1. LEO
- 6.1.2. MEO
- 6.1.3. GEO
- 6.2. Market Analysis, Insights and Forecast – By Offering
- 6.2.1. Satellite Manufacturing
- 6.2.2. Launch Services
- 6.2.3. Operational Services
- 6.3. Market Analysis, Insights and Forecast – By Type
- 6.3.1. Nano-Micro
- 6.3.2. Small
- 6.3.3. Medium
- 6.3.4. Heavy
- 6.4. Market Analysis, Insights and Forecast – By Application
- 6.4.1. Intelligence, Surveillance, and Reconnaissance (ISR)
- 6.4.2. Communication
- 6.4.3. Navigation
- 6.5. Market Analysis, Insights and Forecast – By Component
- 6.5.1. Structures
- 6.5.2. Payload
- 6.5.3. Electric Power System
- 6.5.4. Instrument Control Unit
- 6.5.5. Propulsion System
- 6.5.6. Thermal Control SubSystem
- 6.5.7. Communication System
- 6.5.8. Others
- 6.6. Market Analysis – By Country
- 6.6.1. U.S.
- 6.6.1.1. Market Analysis, Insights and Forecast – By Type
- 6.6.1.1.1. Nano-Micro
- 6.6.1.1.2. Small
- 6.6.1.1.3. Medium
- 6.6.1.1.4. Heavy
- 6.6.2. Canada
- 6.6.2.1. Market Analysis, Insights and Forecast – By Type
- 6.6.2.1.1. Nano-Micro
- 6.6.2.1.2. Small
- 6.6.2.1.3. Medium
- 6.6.2.1.4. Heavy
- 7. Europe Military Satellite Market Analysis, Insights and Forecast, 2019-2032
- 7.1. Market Analysis, Insights and Forecast – By Orbit Type
- 7.1.1. LEO
- 7.1.2. MEO
- 7.1.3. GEO
- 7.2. Market Analysis, Insights and Forecast – By Offering
- 7.2.1. Satellite Manufacturing
- 7.2.2. Launch Services
- 7.2.3. Operational Services
- 7.3. Market Analysis, Insights and Forecast – By Type
- 7.3.1. Nano-Micro
- 7.3.2. Small
- 7.3.3. Medium
- 7.3.4. Heavy
- 7.4. Market Analysis, Insights and Forecast – By Application
- 7.4.1. Intelligence, Surveillance, and Reconnaissance (ISR)
- 7.4.2. Communication
- 7.4.3. Navigation
- 7.5. Market Analysis, Insights and Forecast – By Component
- 7.5.1. Structures
- 7.5.2. Payload
- 7.5.3. Electric Power System
- 7.5.4. Instrument Control Unit
- 7.5.5. Propulsion System
- 7.5.6. Thermal Control SubSystem
- 7.5.7. Communication System
- 7.5.8. Others
- 7.6. Market Analysis – By Country
- 7.6.1. U.K
- 7.6.1.1. Market Analysis, Insights and Forecast – By Type
- 7.6.1.1.1. Nano-Micro
- 7.6.1.1.2. Small
- 7.6.1.1.3. Medium
- 7.6.1.1.4. Heavy
- 7.6.2. Germany
- 7.6.2.1. Market Analysis, Insights and Forecast – By Type
- 7.6.2.1.1. Nano-Micro
- 7.6.2.1.2. Small
- 7.6.2.1.3. Medium
- 7.6.2.1.4. Heavy
- 7.6.3. France
- 7.6.3.1. Market Analysis, Insights and Forecast – By Type
- 7.6.3.1.1. Nano-Micro
- 7.6.3.1.2. Small
- 7.6.3.1.3. Medium
- 7.6.3.1.4. Heavy
- 7.6.4. Russia
- 7.6.4.1. Market Analysis, Insights and Forecast – By Type
- 7.6.4.1.1. Nano-Micro
- 7.6.4.1.2. Small
- 7.6.4.1.3. Medium
- 7.6.4.1.4. Heavy
- 7.6.5. Rest of Europe
- 7.6.5.1. Market Analysis, Insights and Forecast – By Type
- 7.6.5.1.1. Nano-Micro
- 7.6.5.1.2. Small
- 7.6.5.1.3. Medium
- 7.6.5.1.4. Heavy
- 8. Asia Pacific Military Satellite Market Analysis, Insights and Forecast, 2019-2032
- 8.1. Market Analysis, Insights and Forecast – By Orbit Type
- 8.1.1. LEO
- 8.1.2. MEO
- 8.1.3. GEO
- 8.2. Market Analysis, Insights and Forecast – By Offering
- 8.2.1. Satellite Manufacturing
- 8.2.2. Launch Services
- 8.2.3. Operational Services
- 8.3. Market Analysis, Insights and Forecast – By Type
- 8.3.1. Nano-Micro
- 8.3.2. Small
- 8.3.3. Medium
- 8.3.4. Heavy
- 8.4. Market Analysis, Insights and Forecast – By Application
- 8.4.1. Intelligence, Surveillance, and Reconnaissance (ISR)
- 8.4.2. Communication
- 8.4.3. Navigation
- 8.5. Market Analysis, Insights and Forecast – By Component
- 8.5.1. Structures
- 8.5.2. Payload
- 8.5.3. Electric Power System
- 8.5.4. Instrument Control Unit
- 8.5.5. Propulsion System
- 8.5.6. Thermal Control SubSystem
- 8.5.7. Communication System
- 8.5.8. Others
- 8.6. Market Analysis – By Country
- 8.6.1. China
- 8.6.1.1. Market Analysis, Insights and Forecast – By Type
- 8.6.1.1.1. Nano-Micro
- 8.6.1.1.2. Small
- 8.6.1.1.3. Medium
- 8.6.1.1.4. Heavy
- 8.6.2. India
- 8.6.2.1. Market Analysis, Insights and Forecast – By Type
- 8.6.2.1.1. Nano-Micro
- 8.6.2.1.2. Small
- 8.6.2.1.3. Medium
- 8.6.2.1.4. Heavy
- 8.6.3. Japan
- 8.6.3.1. Market Analysis, Insights and Forecast – By Type
- 8.6.3.1.1. Nano-Micro
- 8.6.3.1.2. Small
- 8.6.3.1.3. Medium
- 8.6.3.1.4. Heavy
- 8.6.4. South Korea
- 8.6.4.1. Market Analysis, Insights and Forecast – By Type
- 8.6.4.1.1. Nano-Micro
- 8.6.4.1.2. Small
- 8.6.4.1.3. Medium
- 8.6.4.1.4. Heavy
- 8.6.5. Rest of Asia Pacific
- 8.6.5.1. Market Analysis, Insights and Forecast – By Type
- 8.6.5.1.1. Nano-Micro
- 8.6.5.1.2. Small
- 8.6.5.1.3. Medium
- 8.6.5.1.4. Heavy
- 9. Rest of the World Military Satellite Market Analysis, Insights and Forecast, 2019-2032
- 9.1. Market Analysis, Insights and Forecast – By Orbit Type
- 9.1.1. LEO
- 9.1.2. MEO
- 9.1.3. GEO
- 9.2. Market Analysis, Insights and Forecast – By Offering
- 9.2.1. Satellite Manufacturing
- 9.2.2. Launch Services
- 9.2.3. Operational Services
- 9.3. Market Analysis, Insights and Forecast – By Type
- 9.3.1. Nano-Micro
- 9.3.2. Small
- 9.3.3. Medium
- 9.3.4. Heavy
- 9.4. Market Analysis, Insights and Forecast – By Application
- 9.4.1. Intelligence, Surveillance, and Reconnaissance (ISR)
- 9.4.2. Communication
- 9.4.3. Navigation
- 9.5. Market Analysis, Insights and Forecast – By Component
- 9.5.1. Structures
- 9.5.2. Payload
- 9.5.3. Electric Power System
- 9.5.4. Instrument Control Unit
- 9.5.5. Propulsion System
- 9.5.6. Thermal Control SubSystem
- 9.5.7. Communication System
- 9.5.8. Others
- 9.6. Market Analysis – By Sub-Region
- 9.6.1. The Middle East & Africa
- 9.6.1.1. Market Analysis, Insights and Forecast – By Type
- 9.6.1.1.1. Nano-Micro
- 9.6.1.1.2. Small
- 9.6.1.1.3. Medium
- 9.6.1.1.4. Heavy
- 9.6.2. South America
- 9.6.2.1. Market Analysis, Insights and Forecast – By Type
- 9.6.2.1.1. Nano-Micro
- 9.6.2.1.2. Small
- 9.6.2.1.3. Medium
- 9.6.2.1.4. Heavy
- 10. Competitive Analysis
- 10.1. Global Market Rank Analysis (2023)
- 10.2. Company Profiles
- 10.2.1. Airbus
- 10.2.1.1. Overview
- 10.2.1.2. Products & services
- 10.2.1.3. SWOT Analysis
- 10.2.1.4. Recent Developments
- 10.2.1.5. Strategies
- 10.2.1.6. Financials (Based on Availability)
- 10.2.2. BALL CORPORATION
- 10.2.2.1. Overview
- 10.2.2.2. Products & services
- 10.2.2.3. SWOT Analysis
- 10.2.2.4. Recent Developments
- 10.2.2.5. Strategies
- 10.2.2.6. Financials (Based on Availability)
- 10.2.3. Boeing
- 10.2.3.1. Overview
- 10.2.3.2. Products & services
- 10.2.3.3. SWOT Analysis
- 10.2.3.4. Recent Developments
- 10.2.3.5. Strategies
- 10.2.3.6. Financials (Based on Availability)
- 10.2.4. IAI
- 10.2.4.1. Overview
- 10.2.4.2. Products & services
- 10.2.4.3. SWOT Analysis
- 10.2.4.4. Recent Developments
- 10.2.4.5. Strategies
- 10.2.4.6. Financials (Based on Availability)
- 10.2.5. ISRO
- 10.2.5.1. Overview
- 10.2.5.2. Products & services
- 10.2.5.3. SWOT Analysis
- 10.2.5.4. Recent Developments
- 10.2.5.5. Strategies
- 10.2.5.6. Financials (Based on Availability)
- 10.2.6. L3Harris Technologies, Inc.
- 10.2.6.1. Overview
- 10.2.6.2. Products & services
- 10.2.6.3. SWOT Analysis
- 10.2.6.4. Recent Developments
- 10.2.6.5. Strategies
- 10.2.6.6. Financials (Based on Availability)
- 10.2.7. Lockheed Martin Corporation
- 10.2.7.1. Overview
- 10.2.7.2. Products & services
- 10.2.7.3. SWOT Analysis
- 10.2.7.4. Recent Developments
- 10.2.7.5. Strategies
- 10.2.7.6. Financials (Based on Availability)
- 10.2.8. Northrop Grumman
- 10.2.8.1. Overview
- 10.2.8.2. Products & services
- 10.2.8.3. SWOT Analysis
- 10.2.8.4. Recent Developments
- 10.2.8.5. Strategies
- 10.2.8.6. Financials (Based on Availability)
- 10.2.9. ST Engineering
- 10.2.9.1. Overview
- 10.2.9.2. Products & services
- 10.2.9.3. SWOT Analysis
- 10.2.9.4. Recent Developments
- 10.2.9.5. Strategies
- 10.2.9.6. Financials (Based on Availability)
- 10.2.10. Thales Group
- 10.2.10.1. Overview
- 10.2.10.2. Products & services
- 10.2.10.3. SWOT Analysis
- 10.2.10.4. Recent Developments
- 10.2.10.5. Strategies
- 10.2.10.6. Financials (Based on Availability)
- 10.2.11. Viasat, Inc.
- 10.2.11.1. Overview
- 10.2.11.2. Products & services
- 10.2.11.3. SWOT Analysis
- 10.2.11.4. Recent Developments
- 10.2.11.5. Strategies
- 10.2.11.6. Financials (Based on Availability)
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