Global Military Satellite Payloads and Subsystems Market 2017-2021

December 28, 2016
SKU:
IRTNTR11291
This market research report identifies players like Airbus Defence and Space, Boeing, Honeywell, Lockheed Martin, and Thales to be the key vendors in the global military satellite payloads and subsystems market. This research report also presents a detailed segmentation of the market by payload and subsystems types (optical sensors and other sensors payloads, avionics and subsystems, and data link and communication systems) and geography (the Americas, APAC, and EMEA).

Overview of the global military satellite payloads and subsystems market

Technavio’s market research analyst predicts that the global military satellite payloads and subsystems market will grow at a CAGR of more than 5% during the forecast period. With the increasing access of combatants to high-quality equipment and the growing electronic support to identify aerial, naval and ground platforms of allies and opponents, military satellites are gaining huge popularity among defense agencies across the globe. Along with the growing deployment of UAVs and advanced military equipment, the requirement of data bandwidth and reliable communication infrastructure has also increased. Military satellites play a very vital part in ensuring efficient integration and dissemination of data and information to commanders involved in different missions, which has prompted many defense agencies to make significant investments in developing advanced payloads and subsystems for military satellites.

Several defense agencies worldwide are using microsatellites in the maintenance and assistance of bigger satellites. These satellites monitor the health of satellites with sensitive functions such as global security and weather monitoring. They are used for small repairs or refueling operations and allow astronauts to eliminate dangerous exploratory missions when components malfunctions. The disposition of such satellites, in constellation with bigger satellites, can strengthen the ISR capabilities and can be rapidly developed on-demand for tactical warfare applications.

Competitive landscape and key vendors

Characterized by the presence of several vendors, the global military satellite payloads, and subsystems market is highly competitive, where the players specifically contend in terms of cost and light weight of the satellite components, technological advancements, and market shares. To sustain their strong presence in the market, several key players are optimizing their product development processes to offer cost-effective and high-quality products and solutions. They are also collaborating with satellite OEMs, space launch system developers, and service providers to strengthen their hold on the market.

Leading vendors in the market are -

  • Airbus Defence and Space
  • Boeing
  • Honeywell
  • Lockheed Martin
  • Thales

Other prominent vendors in the military satellite payloads and subsystems market include BAE Systems, China Spacesat, Israel Aerospace Industries, Northrop Grumman, and Orbital ATK.

Segmentation by payload and subsystems types and analysis of the military satellite payloads and subsystems market

  • Optical sensors and other sensors payloads
  • Avionics and subsystems
  • Data link and communication systems

The optical sensors and other sensors payloads segment occupied the largest portion of the market and in 2016 will continue its dominance during the predicted period. Advancements in sensor technologies, primarily in EO/IR systems and other sensor payloads, play a crucial role in garnering interests from military agencies for deploying satellites for strengthening early warning capabilities. Moreover, with the growing emphasis of satellites, equipped with advanced sensor payloads several defense agencies are deploying them for tactical warfare.

Geographical segmentation and analysis of the military satellite payloads and subsystems market

  • Americas
  • APAC
  • EMEA

APAC is the fastest-growing satellite market globally and is likely to register a steady growth in the satellite and payload systems market in the coming years. Major APAC countries such China, India, and South Korea are expected to make massive investments in the market to improve their military satellites capabilities and for the indigenous development of satellites and associated parts and components. Recently, the Indian Space Research Organisation has launched Cartosat 2C along with 21 other satellites, using a polar satellite launch vehicle (PSLV) rocket. The Cartosat series satellites are specifically designed to enhance the remote sensing and surveillance capabilities of the Indian Army. It is equipped with panchromatic sensors, dedicated payloads for capturing high-resolution images, and a high-resolution multi-spectral instrument.

 Key questions answered in the report include

  • What will the market size and the growth rate be in 2021?
  • What are the key factors driving the global military satellite payloads and subsystems market?
  • What are the key market trends impacting the growth of the global military satellite payloads and subsystems market?
  • What are the challenges to market growth?
  • Who are the key vendors in the global military satellite payloads and subsystems market?
  • What are the market opportunities and threats faced by the vendors in the global military satellite payloads and subsystems market?
  • Trending factors influencing the market shares of the Americas, APAC, and EMEA.
  • What are the key outcomes of the five forces analysis of the global military satellite payloads and subsystems market?

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