Military Satellites Market Poised to Hit $75.04 Billion by 2029 with Accelerating Growth Trends

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Military Satellites Market Size Growth Forecast: What to Expect by 2025?
The steady expansion of the military satellites market in recent years is evident. The market value is predicted to rise from $59.82 billion in 2024 to $62.74 billion in 2025, indicating a compound annual growth rate (CAGR) of 4.9%. The growth during the historic period was primarily driven by factors such as global surveillance, communication and data transfer, navigation and GPS, intelligence acquisition, and strategic deterrence.

How Will the Military Satellites Market Size Evolve and Grow by 2029?
The size of the military satellites market is projected to witness consistent expansion in the coming years. It is estimated to reach a value of $75.04 billion in 2029, growing at a compound annual growth rate (CAGR) of 4.6%. The predicted increase during the given forecast period can be linked to the threats of anti-satellite technologies, resilience, redundancy, laser communication technology, quantum satellite communication, and the miniaturization trend leading to smaller satellites. The period is also expected to see prominent trends like dual-use satellites, swift deployment and launch, management of space traffic, systems warning against space-based threats, and international cooperation.

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What Drivers Are Propelling the Growth of Military Satellites Market Forward?
Rising worries about terrorism are projected to boost the military satellite market's expansion. The escalating terror threats have stimulated the demand for improved military communication systems among global military forces. Military satellites play a crucial role in today's military communication networks. For instance, the Vision of Humanity, an Australian non-profit organization, reported that in 2023, the US witnessed 76% of terrorism-linked fatalities among Western democracies, coinciding with a 15-year low in incident rates. Moreover, in 2022, for the eighth year in a row, the Islamic State (IS) and its affiliates were recorded as the world's most lethal terrorist group, executing attacks in 21 nations. Hence, the intensifying worries about terrorism are propelling the growth of the military satellite market.

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Which Emerging Trends Are Transforming the Military Satellites Market in 2025?
The progression of technology is influencing the military satellite market. Leading firms in this sector are concentrating on developing innovative tech solutions for military satellites. In May 2023, for example, SmartSat CRC, a space research centre situated in Australia, introduced a prototype terminal for military satellite communications named Compact Hybrid Optical-RF User Segment (CHORUS). This technological innovation combines radio frequency (RF) communications with optical communication technology, thus greatly enhancing data rates and reducing interception probability compared to regular military and civilian RF satellite communications. Furthermore, CHORUS is intended to be more compact and easily transportable compared to existing SATCOM systems, facilitating its deployment in isolated and demanding locations.

What Are the Key Segments in the Military Satellites Market?
The military satellites market covered in this report is segmented -

1) By Satellite Type: Small Satellite, Medium-To-Heavy Satellite
2) By Payload Type: Communication Payload, Navigation Payload, Imaging Payload, Others
3) By Application: Intelligence, Surveillance, And Reconnaissance (ISR), Communication, Navigation

Subsegments:
1) By Small Satellite: Nano Satellite, Pico Satellite, Micro Satellite, Mini Satellite
2) By Medium-to-Heavy Satellite: Medium Satellite, Large Satellite, Very Large Satellite

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Who Are the Key Players Shaping the Military Satellites Market's Competitive Landscape?
Major companies operating in the military satellites market include The Boeing Company, Israel Aerospace Industries, Northrop Grumman Corporation, ISS-Reshetnev, Space Exploration Technologies Corp., Lockheed Martin Corporation, Raytheon Company, Thales Group, Mitsubishi Electric Corporation, GE Aviation, Airbus SE, Indian Space Research Organisation, OHB SE, Elbit System Ltd., AeroVironment Inc., Orbital ATK Inc., Cobham Limited, Viasat Inc., Safran Electronics & Defense, Selex ES Inc., Harris Corporation, L3Harris Technologies Inc., Terma A/S, BAE Systems plc, QinetiQ Group PLC, Reutech Radar Systems, Easat Radar Systems Limited, Indra Company, Bharat Electronics Limited, ZTE Corporation, United Technologies Corporation, Saab AB, China Aerospace Science and Technology Corporation, NEC Corporation, Orbital Sciences Corporation

What Geographic Markets Are Powering Growth in the Military Satellites Market?
North America was the largest region in the military satellites market in 2023. Asia-Pacific is expected to be the fastest-growing region in the military satellites market during the forecast period. The regions covered in the military satellites market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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