Military Satellites Industry to Achieve $78.05 Billion Growth by 2029

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How Will the Military Satellites Market Grow by 2025 in Terms of Size and Growth?
In recent times, there has been considerable growth in the market size of military satellites. The market is projected to expand from $59.68 billion in 2024 to $62.68 billion in 2025 at a compound annual growth rate (CAGR) of 5.0%. The expansion during the historical period can be ascribed to factors like global surveillance, communication and data transmission, navigation and GPS, intelligence collection, and strategic deterrence.

What Are the Estimated Growth Rates for the Military Satellites Industry Through 2029?
In the coming years, a robust expansion is anticipated in the military satellites market. The market is predicted to reach $78.05 billion by 2029, with a compound annual growth rate (CAGR) of 5.6%. This anticipated growth during the forecast time can be linked to factors such as threats from anti-satellites, resilience and redundancy, laser communication technology, quantum satellite communication, and miniaturization of smaller satellites. Main trends expected during this prediction period encompass dual-use satellites, quick deployment and launch, managing space traffic, warning systems for space-based threats, and international cooperation.

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What Are the Strategic Drivers Boosting Military Satellites Market Performance?
The escalating apprehension surrounding terrorism is projected to catalyze the expansion of the military satellite market. The mounting fear of terrorism has stimulated the necessity for global military forces to establish improved military communication systems. Military satellites play a pivotal role in state-of-the-art military communication networks. For instance, the Vision of Humanity, an Australian non-government organization, reported that in 2023, the US was responsible for 76% of terrorism-related fatalities amongst Western democracies, coinciding with a 15-year low in incident rates. Moreover, in 2022, the Islamic State (IS) and its associates perpetuated their status as the most lethal terrorist group in the world for the eighth year in a row, executing attacks in 21 nations. Hence, the escalating apprehension about terrorism fuels the expansion of the military satellite market.

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What Are the 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

What Are the Key Adoption Trends in the Military Satellites Market?
Technological advancements are revolutionizing the military satellite market. Preeminent businesses in this sector are concentrating on devising state-of-the-art technology solutions specifically for military satellites. For example, in May 2023, the Australian space research centre, SmartSat CRC, introduced the Compact Hybrid Optical-RF User Segment (CHORUS) prototype terminal, aimed at military satellite communications. This groundbreaking technology merges radio frequency (RF) communications with optical communication technology, resulting in substantially higher data rates and lower chances of interception compared to conventional civilian and military RF satellite communications. Furthermore, the CHORUS is designed to be more compact and easily portable compared to existing SATCOM systems, thus facilitating easier deployment in remote and demanding circumstances.

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Which Companies Lead the Competitive Landscape of the Military Satellites Industry?
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

Where Are the Key Military Satellites Market Opportunities by Region?
North America was the largest region in the military satellites market in 2024. 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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