Market Outlook : Military Satellite Market Globally Grow at a CAGR of 5.95% by Revenue During the Period 2018-2021
Satellite is an artificial platform placed manually into orbit to serve various purposes. The functions of satellites encompass weather information, Earth observation, and research.
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The military satellites are employed in missions like intelligence gathering, navigation, and military communications. Satellites are launched into space to provide various services, such as communications, surveillance, telemetry, and remote sensing. They are designed specifically as per their intended applications. Depending on the type of application, satellites are classified as navigation satellites, communications satellites, reconnaissance satellites, and remote sensing satellites
Technavios analysts forecast the global military satellite market to grow at a CAGR of 5.95% during the period 2017-2021.
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Covered in this report
The report covers the present scenario and the growth prospects of the global military satellite market for 2017-2021. To calculate the market size, the report considers the revenue generated by the vendors supplying military satellites and hosted payloads to various defense agencies across the globe.
The market is divided into the following segments based on geography:
Americas
APAC
EMEA
Technavios report, Global Military Satellite Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
Boeing
IAI
Northrop Grumman
Thales Alenia Space
Raytheon
Other prominent vendors
Airbus Defence and Space
China SpaceSat
Lockheed Martin
OHB
Market driver
Preference for hosted payload
For a full, detailed list, view our report
Market challenge
Delays and unsuccessful attempts of satellite launch
For a full, detailed list, view our report
Market trend
Increasing collaborative agreements with private SATCOM providers
For a full, detailed list, view our report
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Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
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