Space Systems in Aerospace and Defense - Thematic Intelligence

Space Systems in Aerospace and Defense - Thematic Intelligence


The genesis of human spaceflight itself has its roots in geopolitical competition. When the Soviet Union stunned the world with the launch of the Sputnik 1 satellite in 1957, it jolted its American Cold War rivals into action borne largely out of fear of the implications of falling behind in space exploration. The craft was a relatively crude device that could only transmit a simple radio signal, but the implications of placing objects in orbit for communication and reconnaissance in military contexts were immediately apparent. The world’s first military use of satellites was the US Discoverer program in 1959, and as of 2023, there are at least 598 known military or dual-use satellites in orbit. The benefits that satellites bring to command and control, situational awareness, and precision guidance are crucial to how most modern militaries may effectively operate today, and further digitization will only increase the relevance of space systems in defense.

Beyond the defense context, satellites provide a wealth of services to the global economy on Earth that underpin most contemporary industries and prosperity as a whole. Maintaining this system and protecting it during times of conflict is quickly emerging as a core pillar of military strategy.

The space industry was once dominated by the major primes in the aerospace industry, but since the beginning of the 21st century, small and medium enterprises-along with technological innovations-have proliferated activity in space and driven down the cost of launching to orbit, which has always been the single largest barrier to entry.

Key Highlights
  • Studies of emerging technological trends and their broader impact on the market.
  • Analysis of the various space system programs currently under development, as well historical research initiatives.
Who Should Buy
  • Our thematic research product, supported by our thematic engine, is aimed at senior (C-Suite) executives in the corporate world, decision makers, and institutional investors.
  • Corporations: Helps CEOs, CTOs, and other senior executives of companies understand this key theme, the competitive environment, and the market opportunities.
  • Investors: Helps fund managers and other major investors focus on investment opportunities in aerospace and understand the market around space systems
  • The key challenges that the space industry faces are covered.
  • The investment opportunities for prime contractors, suppliers, and institutional investors, across the whole space systems value chain are covered.
  • Highlights from the range of different space systems programs currently being undertaken by various aerospace companies.
Reasons to Buy
  • Determine potential investment companies based on trend analysis and market projections.
  • Gaining an understanding of the market challenges and opportunities surrounding the space systems theme.
  • Understanding how spending on space systems will fit into the overall market and which spending areas are being prioritized.

Executive Summary
Thematic Briefing
Origins of military space systems
Satellite proliferation
Space’s ‘high ground’ provides massive military advantages
Categories of military satellites
Other military activity in space
Anti-satellite weapons
Offensive weapons, cyber warfare & clandestine systems
Regulation limits military activity in space
Future developments, military and commercial
Space assets by major power
Technology trends
Macroeconomic trends
Regulatory trends
Industry Analysis
Technical challenges and future developments
Technical challenges and their solutions
Future propulsion systems
Advanced materials for space systems
M&A trends
Venture financing trends
Hiring trends
Patent trends
Value Chain
Hardware layer
Software layer
Service layer
Hardware layer
Software layer
Launch operations and space transport vehicles
Public companies
Private companies
Sector Scorecards
Aerospace, defense & security sector scorecard
Who’s who
Thematic screen
Valuation screen
Risk screen
Further Reading
GlobalData reports
Our Thematic Research Methodology
About GlobalData
Contact Us
List of Tables
Table 1: Categories of military satellites
Table 2: Space assets by major power
Table 3: Technology trends
Table 4: Macroeconomic trends
Table 5: Regulatory trends
Table 6: Industry Analysis
Table 7: Key M&A transactions in the industry within the last three years
Table 8: Public companies
Table 9: Private companies
Table 10: Glossary
Table 11: GlobalData reports
List of Figures
Figure 1: Who are the leading players in the defense space systems theme, and where do they sit in the value chain?
Figure 2: Global satellite population
Figure 3: The UK’s multi-domain integration
Figure 4: The defense space systems story
Figure 5: Space industry-related M&A activity surged in 2021
Figure 6: Venture financing in the space industry enjoyed a very active 2021
Figure 7: Hiring for work on space systems spiked significantly in 2022
Figure 8: Patent filings in space systems began a steady decrease since H1 2022
Figure 9: The defense space systems value chain
Figure 10: The ground-based hardware value chain - Ground stations require these crucial components
Figure 11: The ground-based software value chain
Figure 12: The service layer value chain - Satellite operators can use GSaaS to gather their data at lower costs
Figure 13: The space hardware value chain - Major aerospace primes are well-established
Figure 14: The Space Software value chain - Software – defined space services and technologies are proliferating.
Figure 15: The launch operations and space transport value chain
Figure 16: Who does what in the aerospace & defense space?
Figure 17: Thematic screen
Figure 18: Valuation screen
Figure 19: Risk screen
Figure 20: Our five-step approach for generating a sector scorecard

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