Military Satellite Market is Forecasted to Reach US$ 58.9 Billion in 2030, Says Stratview Research

The global military satellite market is projected to witness a growth rate of 10.6% annually from 2024 to 2030, with an anticipated size of US$ 58.9 billion by 2030, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global military satellite market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.

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Report Highlights:
Market Size in 2030: US$ 58.9 billion
Growth (CAGR): 10.6% during 2024-2030
Forecast Period: 2024-2030
Trend Period: 2018-2022
Base Year: 2023
Number of Segments Covered: 5
Number of Tables & Graphs: 100+

Segment Insights on the Military Satellite Market:

The global Military Satellite market is segmented based on Satellite Mass type, Orbit type, Satellite Subsystem type, Application type, and Region.

Based on satellite subsystem type - The market is segmented into Propulsion Hardware and Propellant, Satellite Bus & Subsystems, Solar Array & Power Hardware and Structures, Harness & Mechanisms. Propulsion Hardware and Propellant account for the lion's share of the market for military satellites due to their relevance in positioning as well as the ability to control the movements of the satellites. These subsystems are critical for the endurance and issue destination correctness of satellites which hugely rely on dynamic military operations. Steer technologies like electric and hybrid technologies drive this segment as propulsion technologies improve. That is why they are useful: to reposition, not to get in the way of debris, and to enhance mission duration.
Other satellite sub-systems that play an integral part in mission success include satellite buses, solar arrays, and the structural elements though they do not typically make up the system's market share. Though these are acidic to some extent for particular operations, propulsion systems are the necessity of the day for the functionality and control of the satellites enhancing the leading place of these.

Based on application type - The market is segmented into Communication, Earth Observation, Navigation, Space Observation, and Others. Military satellite services are currently dominated by earth observation mainly due to their application on strategic use in the military. In surveillance, reconnaissance, disaster management, or environmental monitoring, it offers extensive data essential for these activities. These capabilities are essential in defense operations as they facilitate real-time decision-making on the ground through high-definition images and better sensors. The opportunity to track and assess the maneuvers of an adversary only adds to the usefulness of Earth observation systems.

Transportation and systems of communication moreover convey remarkable importance for establishing firm links about military operations and precise placement. Other uses such as space observation still have a limited market reach but have its demands incorporated into the market. However, earth observation is a much more significant and useful index of strategic and tactical interest on the part of military users.

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Which Region Shows the Most Promising Growth Forecast and Opportunity?

North America takes the largest share of the demand for military satellites in the market due to increased spending on defense and improving satellite technologies. Major system integrators such as Lockheed Martin and Raytheon Technologies are major industry players that promote the application and development of enhanced satellite systems. This is because the region has always continued to invest in satellite communication networks that help it to maintain strategic advantages.
Asia-Pacific is the fastest-growing region to set up new production facilities as the number of countries investing in this area has risen recently with China, India, and Japan. These nations are now quickly building their military satellite systems for reconnaissance, communication, and positioning. Europe also has a good share, but Asia-Pacific is growing with newer technologies and increasing budgets making it an active growth zone of the market.

Military Satellite Market Drivers:
Some of the key drivers listed in the report are given below.
• Rising Global Defense Expenditures: Increased military budgets are fueling investments in secure and advanced satellite technologies.
• Growing Need for Real-Time Surveillance: Enhanced intelligence, surveillance, and reconnaissance (ISR) demands are driving satellite deployments.
• Advancements in Satellite Communication (SATCOM): High-bandwidth, encrypted communication needs are boosting demand for military communication satellites.
• Cybersecurity and Electronic Warfare Preparedness: Nations are investing in satellite systems to ensure resilient, cyber-secure communications.
• Geopolitical Tensions and Border Monitoring: Escalating regional conflicts are prompting nations to deploy more satellites for border and strategic monitoring.

Top Companies in the Military Satellite Market:
Stratview Research has identified the following companies as the top market players.
• Lockheed Martin Corporation
• Raytheon Technologies Corporation
• Thales
• Airbus SE
• General Dynamics
• BAE Systems
• Viasat, Inc.
• Elbit Systems
• ROSCOSMOS
• China Aerospace Science and Technology Corporation (CASC)
• Indian Space Research Organisation (ISRO)
• Information Satellite Systems Reshetnev
Note: The above list does not necessarily include all the top players in the market.

What Unique Insights Does This Report Offer?

This report provides comprehensive insights into the Military Satellite Market, answering critical questions like:

• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?

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