Aug 26, 2021   SOURCE: BusinessWire

Military Satellites Global Market Research Report 2021 - Major Companies are Focused on Designing Advanced Technology Solutions - ResearchAndMarkets.com

The "Military Satellites Global Market Report 2021: COVID-19 Impact and Recovery to 2030" report has been added to ResearchAndMarkets.com's offering.

The global military satellites market is expected to grow from $51.5 billion in 2020 to $52.46 billion in 2021 at a compound annual growth rate (CAGR) of 1.9%. The market is expected to reach $61.56 billion in 2025 at a CAGR of 4.1%.

Major players in the military satellites market are The Boeing Company, Israel Aerospace Industries, Northrop Grumman Corporation, ISS-Reshetnev, SpaceX, Lockheed Martin Corporation, Raytheon Company, Thales Group, Mitsubishi Electric Corporation, and GE Aviation.

The military satellites market consists of sales of military satellites by entities (organizations, sole traders and partnerships) that manufacture military satellites. A military satellite is an artificial earth satellite used for military missions such as intelligence gathering, navigation and military communications.

The advancement in technology is shaping the military satellite market. Major companies working in the military satellite sector are focused on designing advanced technology solutions for military satellites.

The military satellites market covered in this report is segmented by satellite type into small satellite, medium-to-heavy satellite, by payload type into communication payload, navigation payload, imaging payload, others, by application into intelligence, surveillance, and reconnaissance (ISR), communication, navigation.

The increasing concern about terrorism is expected to fuel the growth of the military satellites market. The growing concern for terrorism has motivated the need for military forces around the world to deploy better military communication systems. Military satellites are an important part of modern military communication networks. The increasing concern about terrorism drives the growth of the military satellites market.

The high cost of the military satellite is expected to hamper the growth of the military satellites market over the forecast period. An artificial satellite that is used for the military purpose is a military satellite. Military satellites are costly devices, costly to build and costly to launch.

The military communications satellite's combined costs will be more than $95 million for release and launch insurance, $20 million for the in-orbit insurance, $15 million for operating expenses, and $150 million for spacecraft, making a total of $300 million. The high cost of military satellite restraints the growth of the military satellite market.

Key Topics Covered:

1. Executive Summary

2. Military Satellites Market Characteristics

3. Military Satellites Market Trends and Strategies

4. Impact of COVID-19 on Military Satellites

5. Military Satellites Market Size and Growth

5.1. Global Military Satellites Historic Market, 2015-2020, $ Billion

5.1.1. Drivers of the Market

5.1.2. Restraints on the Market

5.2. Global Military Satellites Forecast Market, 2020-2025F, 2030F, $ Billion

5.2.1. Drivers of the Market

5.2.2. Restraints on the Market

6. Military Satellites Market Segmentation

6.1. Global Military Satellites Market, Segmentation by Satellite Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

  • Small Satellite
  • Medium-To-Heavy Satellite

6.2. Global Military Satellites Market, Segmentation by Payload Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

  • Communication Payload
  • Navigation Payload
  • Imaging Payload
  • Others

6.3. Global Military Satellites Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

  • Intelligence, Surveillance, and Reconnaissance (Isr)
  • Communication
  • Navigation

7. Military Satellites Market Regional and Country Analysis

7.1. Global Military Satellites Market, Split by Region, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

7.2. Global Military Satellites Market, Split by Country, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

Companies Mentioned

  • The Boeing Company
  • Israel Aerospace Industries
  • Northrop Grumman Corporation
  • ISS-Reshetnev
  • SpaceX
  • Lockheed Martin Corporation
  • Raytheon Company
  • Thales Group
  • Mitsubishi Electric Corporation
  • GE Aviation
  • Airbus SE
  • Indian Space Research Organisation
  • OHB SE
  • Elbit System Ltd
  • AeroVironment
  • Orbital ATK Inc.

For more information about this report visit https://www.researchandmarkets.com/r/bjp1cr