Military Satellite Market: In-Depth Industry Analysis on Size, Cost Structure and Prominent Key Players Analysis and Forecast: 2022-2031

Japan, Japan, Thu, 07 Apr 2022 02:15:09 / Comserve Inc. / -- The military satellite market is anticipated to grow at a CAGR of above 6% during the forecast period.

The military satellite market is anticipated to grow at a CAGR of above 6% during the forecast period.

- The growing concern for terrorism is driving the necessity for better tactical communication systems to be deployed by armed forces across the world. Military satellites are an essential part of the advanced tactical communication systems. Therefore, the growing demand for these communication systems is driving the demand for military satellites.
- To overcome the challenges posed by command, control, communications, computers, intelligence, surveillance and reconnaissance (C4ISR), advanced Ka-band, SATCOM solutions are developed. This is also expected to generate demand for military communication satellites during the forecast period.

Download PDf Sample For More Information: https://www.sdki.jp/sample-request-81227

Key Market Trends

Communication Segment is Projected to Have the Highest CAGR During the Forecast Period

Communication segment of the market is expected to grow at the highest CAGR during the forecast period. This is due to the development of advanced communication systems on the battlefield. The development of tactical communication systems, tactical data links, modern network-centric battle force capabilities, and advanced SATCOMs are some of the significant applications of military communication satellites. Improved use of SATCOM will simplify the integration of C4ISR, enable better use of UAVs and more advanced administrative, support, and personal welfare services. The SATCOMs are also expected to extend to new terrestrial communications networks that will improve the operational agility and border protection.

Asia Pacific Region is Projected to Have the Highest Growth During the Forecast Period

Asia Pacific region is anticipated to have the highest growth during the forecast period, owing to growth in military satellite development in this region by countries like China, India, Japan, and South Korea among others. Japan has launched its first military satellite in Jan 2017 and by the end of the Jun 2018, the country has launched 8 intelligence-gathering satellites into the orbit. South Korea is also currently developing a constellation of five high-power military surveillance satellites under the project called "Project 425". Republic of Korea's (ROK's) Defense Acquisition Program Administration (DAPA) has invested about USD 900 million for this project and has selected Korean Aerospace Industries, Hanwha Systems and Thales Alenia Space for this project. Project 425 is expected to be deployed in 2023. Other than these countries, China and India are also investing in satellite technology improving their communication capacity.

Request To Download Sample of This Strategic Report: https://www.sdki.jp/sample-request-81227

Competitive Landscape

The prominent players in the market are The Boeing Company, Thales Alenia Space, Airbus SE, Northrop Grumman Corporation, and Lockheed Martin Corporation. The government contracts are mostly provided to multiple companies that work closely to support and develop new satellites. Also, the partnerships of the global players with the local players are increasing the dependent market conditions to the government and industry requirements.

Reasons to Purchase this report:

- The market estimate (ME) sheet in Excel format
- 3 months of analyst support

The dynamic nature of business environment in the current global economy is raising the need amongst business professionals to update themselves with current situations in the market. To cater such needs, Shibuya Data Count provides market research reports to various business professionals across different industry verticals, such as healthcare & pharmaceutical, IT & telecom, chemicals and advanced materials, consumer goods & food, energy & power, manufacturing & construction, industrial automation & equipment and agriculture & allied activities amongst others.

For more information, please contact:

Shibuya Data Count
Email: sales@sdki.jp
Tel: + 81 3 45720790

The post Military Satellite Market: In-Depth Industry Analysis on Size, Cost Structure and Prominent Key Players Analysis and Forecast: 2022-2031 appeared first on Comserveonline.