Military Satellite

Global Military Satellite Market to Reach US$20.6 Billion by 2030

The global market for Military Satellite estimated at US$15.5 Billion in the year 2024, is expected to reach US$20.6 Billion by 2030, growing at a CAGR of 4.9% over the analysis period 2024-2030. Propulsion Hardware & Propellant, one of the segments analyzed in the report, is expected to record a 5.3% CAGR and reach US$12.4 Billion by the end of the analysis period. Growth in the Satellite Bus & Subsystems segment is estimated at 4.7% CAGR over the analysis period.

The U.S. Market is Estimated at US$4.2 Billion While China is Forecast to Grow at 8.1% CAGR

The Military Satellite market in the U.S. is estimated at US$4.2 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$4.3 Billion by the year 2030 trailing a CAGR of 8.1% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 1.8% and 5.1% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 2.9% CAGR.

Global Military Satellite Market - Key Trends & Drivers Summarized

Why Are Military Satellites a Strategic Asset for Defense Operations?
Military satellites play a crucial role in national security, providing defense forces with critical capabilities in surveillance, communication, and navigation. These satellites enable intelligence gathering, early threat detection, and secure data transmission, enhancing strategic decision-making for military operations. With global defense budgets increasing and geopolitical tensions rising, nations are ramping up investments in space-based defense technologies to maintain tactical superiority. Additionally, the proliferation of cyber warfare and electronic countermeasures has necessitated the deployment of advanced military satellites with enhanced security protocols and anti-jamming features.

How Are Technological Advancements Transforming Military Satellites?
The integration of artificial intelligence (AI) and machine learning (ML) in military satellites is revolutionizing data processing, enabling real-time threat analysis and predictive intelligence. Additionally, advancements in miniaturization have led to the development of small satellites (smallsats) and constellations, offering cost-effective and flexible solutions for space-based military operations. Hyperspectral imaging, enhanced synthetic aperture radar (SAR), and laser communication technology are further improving the precision and reliability of satellite-based intelligence. Moreover, the adoption of reusable launch systems and advancements in satellite propulsion are reducing deployment costs and extending satellite lifespans.

What Market Trends Are Driving the Demand for Military Satellites?
The rising demand for secure, high-speed satellite communication networks is fueling investments in military satellite infrastructure. With an increasing reliance on real-time battlefield data and autonomous defense systems, military agencies are prioritizing the development of next-generation satellite technologies. Additionally, the emergence of space-based missile defense systems and anti-satellite (ASAT) capabilities has prompted governments to enhance their satellite resilience against potential threats. The growing collaboration between defense organizations and private aerospace companies is also accelerating the development of advanced military satellite programs.

The Growth in the Military Satellite Market Is Driven by Several Factors
A key driver is the increasing emphasis on space-based defense capabilities, with military forces relying on satellites for reconnaissance, surveillance, and secure communication. The expansion of network-centric warfare and the need for real-time intelligence gathering are further driving investments in high-resolution imaging and AI-powered data analytics for satellite operations. Additionally, the miniaturization of satellite components and the adoption of low Earth orbit (LEO) satellite constellations are enabling cost-effective and scalable defense solutions. The integration of quantum encryption and advanced cybersecurity measures to protect military satellite networks is also fueling market growth.

SCOPE OF STUDY:

The report analyzes the Military Satellite market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Component (Propulsion Hardware & Propellant, Satellite Bus & Subsystems, Solar Array & Power Hardware, Other Components); Orbit Class (Low Earth Orbit (LEO) Class, Geostationary Earth Orbit (GEO) Class, Medium Earth Orbit (MEO) Class); Application (Intelligence, Surveillance, and Reconnaissance (ISR) Application; Communication Application; Navigation Application)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Select Competitors (Total 86 Featured) -

• Airbus SE
• BAE Systems plc
• General Dynamics Mission Systems, Inc.
• Israel Aerospace Industries (IAI)
• Kratos Defense & Security Solutions, Inc.
• L3Harris Technologies, Inc.
• Lockheed Martin Corporation
• Maxar Technologies Inc.
• Mitsubishi Electric Corporation
• Northrop Grumman Corporation
• RTX Corporation
• Singapore Technologies Engineering Ltd (ST Engineering)
• Thales Group
• The Boeing Company
• Viasat, Inc.

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

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APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

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INDIA
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