Military Satellite Market Research Report Coverage:
This report covers drivers, restraints, opportunities, challenges, and market trends. The report also covers the product portfolio analysis of the Military Satellite products and vendor benchmarking of the top players in this market. In addition, this report highlights the growth strategies adopted by the major market players to garner large shares in the Military Satellite market.
A separate section with Military Satellite industry key players is included in the report, which provides a comprehensive analysis of price, cost, gross, revenue, product picture, specifications, company profile, and contact information. Development and Research plays a vital role towards the innovation in any given industry which require to execute. Additionally, performing research and development offers a competitive advantage over the competitors owing to regular introduction of products and prototypes to attract consumers. This is expected to have a positive impact on the Military Satellite market growth over the forecast period.
Military Satellite Market Value, 2018 to 2023($Million)
Military satellites are a measure of the nationâ€™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 arsenal in the enemy borders. They also facilitate high-bandwidth communication over secure channels, track and target enemy encroachment or intruding vehicles, and other military functions.
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Key Developments in the Market
â€¢ February 2018: SpaceX blasted off with a Luxembourg military satellite.
â€¢ January 2018: China launched fourth trio of Yaogan military satellites from the Xichang space base.
Major Players: SPACE SYSTEMS/LORAL, AERO ASTRO L.L.C., AIRBUS DEFENSE AND SPACE, ALCATEL SPACE, BOEING SPACE SYSTEMS, ISRO/ANTRIX/XOVIAN/TRANSPACE, ISRAEL AEROSPACE, SPACEX, BAE SYSTEMS, RUSSIAN SPACE RESEARCH ORG, BALL AEROSPACE, amongst others.
Military Demands to Fuel the Market Growth
Militaries, across the globe, are strengthening C4ISR systems that essentially need strong and secure communication channels accessible from anywhere by the defense forces. The C4ISR systems market is slated to grow in response to the increasing demand for better security, control, and co-ordination. This will increase the demand in favor of military communication and ISR satellites, during the forecast period.
The micro, nano, and pico-sized satellites are mass produced satellite systems available in market, and are currently in service. Since the introduction of nano satellites in 2013, 94 nano satellites were launched into orbit within a year. Following this, the launch cost per nano satellites went up due to the demand. It is expected that, by the end of 2020, there will be over 1000 nano satellites orbiting earth.
Currently, only six countries have the technology and finance to design, develop, and place a satellite into orbit, and even fewer countries have the capability to place multiple satellites in orbit in a single flight. Japan, Korea, and Brazil have been trying to get in league with space deployment capability, but have faced failures. Notable countries with the capability to place satellites into orbits are the US, Russia, France, Italy, China, and India. Russia, France, Italy, UK, and other nations in the European region have formed their own joint association to design, build, and launch satellites into space.
India among the Fastest Growing Markets
The Indian Space program under ISRO/Antrix is run and maintained by the government, and has witnessed a many successful missions than any other group of nations with similar or better technology and limited funds. In 2016, India launched 22 satellites into orbit in a single mission. Of the 22 satellites, 14 belong to foreign nations including, the US, Canada, Germany, and Indonesia. Indiaâ€™s successful launch of its first reusable space launch vehicle in the same period is likely to shift the military satellites market in favor of India, especially since the total budget of this project was USD 1 billion.
The US is likely lead the global military satellites market, followed by China, UK, India, Russia, Germany, and France. Countries like Pakistan, Egypt, Nigeria, Algeria, Ukraine, South Africa, Brazil, Japan, Canada, Indonesia, Singapore, and few Arabian Countries will be the prospective markets for military satellites in the forecast period 2018-2023.
Reasons to Purchase this Report
â€¢ A study on the adoption of newer technologies and their effects on the global military satellite market.
â€¢ Analyzing various perspectives of the market with the help of Porterâ€™s five forces analysis.
â€¢ The type of satellites that is expected to register the highest growth rate during the forecast period.
â€¢ Identify the latest developments, market shares and strategies employed by the major market players.
â€¢ 3 months analyst support along with the Market Estimate sheet (in excel).
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Military Satellite Market Forecast 2018-2023
The Military Satellite industry research report analyses the supply, sales, production, and market status comprehensively. Production market shares and sales market shares are analysed along with the study of capacity, production, sales, and revenue. Several other factors such as import, export, gross margin, price, cost, and consumption are also analysed under the section Analysis of Military Satellite production, supply, sales and market status.
Lastly, this report covers the market landscape and its growth prospects over the coming years, the Report also brief deals with the product life cycle, comparing it to the relevant products from across industries that had already been commercialized details the potential for various applications, discussing about recent product innovations and gives an overview on potential regional market shares.