Jan 10, 2020   SOURCE: PR NewsWire

Global Satellite Communication Market in the Defense Sector - Trends and Forecasts 2020- 2025

DUBLIN, Jan. 10, 2020 /PRNewswire/ -- The "Satellite Communication Market in the Defense Sector - Growth, Trends, and Forecast (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering.

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The satellite communication market in the defense sector is expected to register a CAGR of over 6.90% during the forecast period (2020 - 2025). With the penetration of IoT in military operations, it is significantly impacting military intelligence, operations, and surveillance.

    --  Technological advancement in miniaturization, connected technology,
        robust network environment, low power computing, radio frequency
        identification, and M2M communication are also expected to fuel the
        satellite communication market.
    --  In addition to that, the governments of several countries are taking
        numerous initiatives to facilitate the manufacturing of military
        communication systems and solutions, which is another strong factor that
        will support the growth of the military communications market.
        Governments of countries like China, US, UK, Indonesia, etc., play a
        vital role in promoting maritime security since the maritime industry
        adds to the regions' economic growth.
    --  For example, in April 2018, ORBCOMM and Maerospace extended AIS contract
        with the Government of Canada. Through its Canadian subsidiary SkyWave,
        ORBCOMM will provide satellite Automatic Identification System (AIS)
        data used for ship tracking and other maritime navigational and safety
        efforts to the Government of Canada for monitoring Canadian and global
        marine traffic.
    --  However, the high cost of manufacturing as well as of components of
        satellite communication equipment is likely to hinder the satellite
        communication market over the forecast period.

Government Initiatives to Drive the Market Growth

    --  Artificial Intelligence is becoming a part of modern warfare.
        Implementation of AI in Satellite Communication is set to be a major
        trend in the coming decade. The governments of various countries are
        investing in communication technology such as navigation systems, vessel
        tracking, etc.
    --  Military satellites are a measure of the nation's military strength,
        operability, and the ability to attack or defend itself. These
        satellites give the military real-time data of movement of troops and
        regarding the arsenal at enemy borders.
    --  Nowadays, nanosatellites are coming into the picture because of their
        usability. Nanosatellites are defined as satellites with a mass less
        than or equal to 10 kg. Moreover, recent advances in optics and
        communication technologies have improved the smaller spacecraft
        capabilities for remote sensing and imaging. Heightened government
        interest coupled with increasing maturity of the technology is
        attracting companies to invest in this sector.
    --  For instance, the National Aeronautic Space Administration (NASA) budget
        for the fiscal year 2020 is USD 21 billion. It's a 1.4% increase over by
        2019. NASA will take a more active role in commercializing new space
        technologies. Many of its new initiatives have military and business
        applications.

Asia-Pacific is Projected to Have the Highest Growth Rate

    --  China and India are largely responsible for the rapid growth of
        satellite communication market in the defense sector in the Asia-Pacific
        region. The governments of these countries have adopted conscious
        strategies to make maritime, aeronautical, and military sectors more
        secure. Appropriate communication channels make a big part of this
        strategy, which will inevitably fuel the demand for mobile satellite
        services.
    --  China and India, the world's two emerging economic powers, are
        demonstrating a sustained increase in their military expenditure and
        contribute to the growth in world military spending. Joint military
        activities are increasing among the Asia-Pacific regions. These
        activities are creating a market for satellite communication market in
        the defense sector.
    --  For example, the government of India allocated Rs 4,04,365 crore (the US
        $62.8 billion) for the Ministry of Defence (MoD). The governments are
        increasing their military budgets as well.

Key Topics Covered:

1 INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS
4.1 Market Overview
4.2 Introduction to Market Drivers and Restraints
4.3 Market Drivers
4.3.1 Increased Sea-borne Threats and Ambiguous Maritime Security Policies
4.3.2 Rise in the Demand for Merchant Shipping
4.4 Market Restraints
4.4.1 Lack of Awareness About Advanced Satellite Service Market
4.4.2 Reliance on High-cost Satellite Equipment
4.5 Value Chain / Supply Chain Analysis
4.6 Industry Attractiveness - Porter's Five Force Analysis

5 MARKET SEGMENTATION
5.1 By Type
5.2 By Application
5.3 Geography

6 COMPETITIVE LANDSCAPE
6.1 Company Profiles

7 INVESTMENT ANALYSIS

8 MARKET OPPORTUNITIES AND FUTURE TRENDS

Companies Mentioned 

    --  Baker Hughes Incorporated
    --  Globecomm Systems Inc.
    --  Inmarsat Communications
    --  Iridium Communications Inc.
    --  KVH Industries, Inc.
    --  Orbcomm Inc.
    --  Rogers Communications, Inc
    --  SpeedCast International Limited
    --  Thuraya Telecommunications Company
    --  ViaSat Inc
    --  VT iDirect, Inc

For more information about this report visit https://www.researchandmarkets.com/r/5p9fl4

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