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Military Satellites Market 2018-2023 : Global Industry Analysis By Boeing, IAI, Raytheon, Thales, Northrop Grumman, Lockheed Martin, Orbital, ViaSat and Airbus Defence & Space

07-10-2018 08:46 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Market Research Future

Military Satellite

Military Satellite

Global Military Satellite Market by Type (Intelligence, Surveillance, & Reconnaissance (ISR), Communication, and Navigation), by System (Radar, SATCOM, and EO/IS) and by Region (Americas, Europe, Asia Pacific, and Middle East & Africa) – Forecast To 2023

The global Military Satellite market is expected to grow at a CAGR of around 6% during 2016-2021. This growth is driven due to growing investment in SATCOM and increasing demand for electro optical imaging systems.

In 2015, Lockheed Martin signed a contract with EchoStar Corporation, a U.S.-based vendor, promising launch services for the EchoStar XIX communications satellite, also known as JUPITER-2, a large, multi-spot beam Ka-band satellite. It is reported that Cape Canaveral Air Force Station, Florida will be hosting the launch of this satellite on a United Launch Alliance Atlas V rocket in late 2016. The emergence of such advanced satellite technologies and systems has transformed the space industry

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As per the MRFR analysis, growing investments in ISR payloads, investment in SATCOM, and demand for military satellites are few of the primary factors driving the military satellite market. The market has gained importance for various reasons such as continued effort to improvise navigation and intelligence system, investments in developing countries, growing access to high-quality equipment by combatants, and increasing electronic support to identify aerial, naval, and ground platforms of allies and opponents.

Americas will retain the leading position and will dominate the Global Military Satellite Market in 2021. Whereas, APAC would grow at the highest CAGR of around 8%.

The United States is the key player in the global satellite market. The US Air Force, Army, and Navy are the major participants in military space operations. The country maintains the largest military space program of any country, accounting for 95% of the global military space spending. In 2015, the US has 549 satellites, with five remote sensing satellites and Brazil and Argentina, have two such satellites each.

This report includes a study of strategies of major market players in the Global Military Satellite Market include Boeing, Israel Aerospace Industries, Raytheon, Thales, Northrop Grumman, Lockheed Martin, GE Aviation, SpaceX and ViaSat.

The growth of the vendors is dependent on the market conditions, government support, and industry development. Thus, the vendors should expand geographically and revive their domestic demand to achieve sustainable growth. They can also drive their profits by practising efficient manufacturing techniques that minimize production costs and mitigate the associated risks.

Intended Audience

• Distributer & Supplier companies
• End Users
• Consultants and Investment bankers
• Government as well as Independent Regulatory Authorities

This research report provides detailed insights, into various levels of analyses such industry analysis, market share analysis leading market players and their profiles. This report also helps in studying the target segments by providing views on emerging & high-growth segments and market conclusion. Together the market data comprise and discuss with the basic assessments on the competitive scenarios & strategies, of the Global Military Satellite Market, including the high-growth regions, countries and their political, economic and technological environments. Furthermore the project report also provides views over the historic market values as well as, pricing and cost analysis of the same.

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About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

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