Global Military Satellite Payloads and Subsystems Market 2017-2021
About Military Satellite Payloads and Subsystems
Military satellites are primarily used for reconnaissance and surveillance, communications, signals intelligence, navigation, and meteorology. However, as of December 2015, only the US and Russia operated satellites for all the five aforementioned areas. Most countries either use a small number of military satellites or rely completely on commercial satellites for their military requirements.
Technavio’s analysts forecast the global military satellite payloads and subsystems market to grow at a CAGR of 5.35% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global military satellite payloads and subsystems market for 2017-2021. To calculate the market size, the report considers the revenue generated in the overall market through the procurement of payloads and subsystems that are used with military satellites across the world.The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Military Satellite Payloads and Subsystems Market 2017-2021
Technavio recognizes the following companies as the key players in the global military satellite payloads and subsystems market: Airbus Defence and Space, Boeing, Honeywell, Lockheed Martin, and Thales
Other Prominent Vendors in the market are: BAE Systems, China Spacesat, Israel Aerospace Industries, Northrop Grumman, and Orbital ATK
Commenting on the report, an analyst from Technavio’s team said: “The microsatellites can act as a resource that can indirectly contribute to the functions of bigger satellites. A team of researchers from the Missouri University of Science and Technology directed their efforts to develop a microsatellite imagery to monitor the health of satellites with sensitive functions such as global security and weather monitoring.”
According to the report, innovations in satellites and antenna technology, along with the nimble and high-capacity global networks, have brought military forces into the limelight of technology and capability. The emergence of inflatable SATCOM antennas, designed for ground military use in remote areas and harsh weather, is one such significant development. They are set up at locations where the movement and installation of standard rigid satellite antennas are challenging.
Further, the report states that since the beginning of space activities more than half a century ago, there have been more than 4,800 satellite launches. These launches have placed more than 6,000 satellites into the orbit. After their mission life, many of the satellites were decommissioned. Thus, only less than thousands of these satellites in orbit are still operational. Many of the upper stages and other objects of decommissioned satellites left from the launch remain in orbit, which contribute to the space debris. The numerous rocket launches since the beginning of space exploration have already left a substantial amount of debris around the earth's orbit, which are a major risk to space missions as the impact from debris as small as 1 cm can also result in the destruction of the system.
Airbus Defence and Space, Boeing, Honeywell, Lockheed Martin, Thales, BAE Systems, China Spacesat, Israel Aerospace Industries, Northrop Grumman, and Orbital ATK
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook