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The Military Satellite Payloads and Subsystems market size is estimated to grow at a CAGR of 7.97% between 2022 and 2027. The market size is forecast to increase by USD 2,912.36 million. The growth of the market depends on several factors, such as the emergence of inflatable SATCOM antennas, increased seaborne security threats, and increasing procurement of advanced military communication systems to strengthen defense communication security.
This report extensively covers market segmentation by type (optical sensors and other sensors payloads, avionics and subsystems, and data link and communication systems), application (communication, navigation, and reconnaissance), and geography (North America, Europe, APAC, Middle East and Africa, and South America). It also includes an in-depth analysis of drivers, trends, and challenges.
Military Satellite Payloads and Subsystems Market Forecast 2023-2027
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Our researchers studied the data for years, with 2022 as the base year and 2023 as the estimated year, and presented the key drivers, trends, and challenges for the market. Although there has been a disruption in the growth of the market during the COVID-19 pandemic, a holistic analysis of drivers, trends, and challenges will help companies refine marketing strategies to gain a competitive advantage.
There are several countries which share boundaries with the sea and these countries face difficulty in maintaining security across their boundaries. The boundaries of these countries are mainly prone to several illegal activities such as sea piracy, human trafficking, drug smuggling, and illegal fishing. Additionally, several trespassers and illegal immigrants use this sea route to enter different countries.
Thus, there is an increasing adoption of satellite imaging by these countries which enables them to detect any unforeseeable threat and relay it back to security personnel. Additionally, the main advantage of satellite communication is that it can also help to track weather changes which can enable the coastal defense services to take precautions against threats including cyclones, tsunamis, and other weather-borne threats. Hence, such benefits are expected to drive market growth during the forecast period.
There is an increasing use of artificial intelligence (AI) across the defense sector in the observation and analysis of satellite-transmitted data. One of the main reasons for this increased adoption is that machine learning and analysis algorithm innovations make AI-derived information more beneficial for governments and the armed forces. Additionally, it facilitates easier analysis of large amounts of data that are collected by satellites.
Furthermore, other applications of AI-driven satellite data include the automatic identification of vehicles, buildings, and landmark features and the changes in landscape and topology, mapping of enemy territory. The main advantage of AI-powered satellite data is that it helps in lowering the cost of satellite-based earth observation by minimizing the requirement of human labor and making earth observation data and services more accessible to end-users. Hence, such factors will drive the market growth during the forecast period.
Several manufacturers are facing challenges regarding the manufacturing of weightless compact next-generation microsatellites while not compromising on the high level of performance and reliability. For example, the antennas for microsatellites have to be compact to fit into the satellite system, which minimizes signal strength.
Additionally, several compact satellites which are used for science missions or technological demonstrations are designed for only a limited span of time and utilize off-shelf electronics to retain lower manufacturing costs. Furthermore, the trade-off between the size and high reliability, and functionality of the satellites has become a major concern for the manufacturers of these satellites. Hence such factors can negatively impact the market growth during the forecast period.
The optical sensors and other sensors payloads segment is estimated to witness significant growth during the forecast period. The main application of standard electro-optical/infrared (EO/IR) sensors is to perform multiple surveillance and reconnaissance missions that are needed to support the tactical necessities of military agencies. These types of missions comprise environmental sensing, tactical missile tracking, land and ocean remote sensing, and space object surveillance.
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The optical sensors and other sensors segment was the largest segment and was valued at USD 2,591.77 million in 2017. There is an increasing acceptance of surveillance, reconnaissance, and targeting (SRT) applications across the defense sector over the last few years. The increasing adoption of satellite technology by military agencies is fuelled by the advancements in sensor technologies, especially in EO/IR systems and other sensor payloads. Additionally, there is a growing popularity for the deployment of elites with advanced sensor payloads among military agencies due to its significant role in support of space-based systems during tactical warfare. Hence, such factors are expected to fuel the growth of this segment which in turn will drive the market growth during the forecast period.
Based on application, the segment is classified into communication, navigation, and reconnaissance. There has been an increase in military satellite payloads and subsystems due to the growing necessity for safe and dependable data transfer between military units and command centers. Additionally, there is growing traction for the deployment of technologies such as high-frequency radio, secure satellite connectivity, and advanced encryption as it offers seamless and encrypted communication. Furthermore, the increase in demand for several advanced technologies which can analyze a large amount of data is fuelled by the need for real-time data sharing in contemporary combat. Hence, such factors are expected to fuel the growth of this segment which in turn will drive the market growth during the forecast period.
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North America is estimated to contribute 32% to the growth by 2027. Technavio’s analysts have elaborately explained the regional trends, drivers, and challenges that are expected to shape the market during the forecast period. One of the main factors which have significantly contributed to the growth of the military satellite payloads and subsystems market in North America is due to the changing nature of warfare of the US Department of Defense (DoD). There is an increase in investment by the US Department of Defense (DoD) in the development and procurement of satellite-based systems and equipment. Furthermore, the increase in investment by the Space and Missile Defense Command (SMDC) of the US DoD has resulted in military space operations, including warning against missiles and defense. Furthermore, the Pace and Missile Defense Command Nanosatellite (SNaP) program, also known as SMDC is involved in the design and development of nano- and small satellite technologies that will assist combatants in war zones. Hence, such developments are expected to drive market growth in the region during the forecast period.
In 2020, during the COVID-19 pandemic, the growth of the global military satellite payloads and subsystems market witnessed a significant slowdown due to the closure of manufacturing units of military satellite payloads and subsystems as well as a decline in demand from end-users, such as space research and aerospace and defense in North America. However, in 2021, the initiation of large-scale vaccination drives lifted the lockdown and travel restrictions, which led to the restoration of operations in manufacturing units as well as rising geopolitical tensions. Such factors are expected to drive the market during the forecast period.
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
BAE Systems Plc: The company offers military satellite payloads and subsystems such as Rad-hard standard components for the space and missile defense communities, from SRAM, C-RAM, and PROM technologies to current and legacy FPGAs, and SpaceWire.
We also have detailed analyses of the market’s competitive landscape and offer information on 20 market companies, including:
Airbus SE, Ball Corp., Eutelsat SA, General Dynamics Corp., GomSpace Group AB, Honeywell International Inc., Intelsat US LLC, Israel Aerospace Industries Ltd., L3Harris Technologies Inc., Lockheed Martin Corp., MDA Corp., Northrop Grumman Corp., Raytheon Technologies Corp., Singapore Technologies Engineering Ltd., Space Exploration Technologies Corp., Thales Group, The Boeing Co., Viasat Inc., and Mitsubishi Electric Corp.
Technavio report provides an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies companies into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Companies are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.
The military satellite payloads and subsystems market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
Military Satellite Payloads And Subsystems Market Scope |
|
Report Coverage |
Details |
Page number |
177 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 7.97% |
Market growth 2023-2027 |
USD 2,912.36 million |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
7.05 |
Regional analysis |
North America, Europe, APAC, Middle East and Africa, and South America |
Performing market contribution |
North America at 32% |
Key countries |
US, China, Russia, Germany, and UK |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Airbus SE, BAE Systems Plc, Ball Corp., Eutelsat SA, General Dynamics Corp., GomSpace Group AB, Honeywell International Inc., Intelsat US LLC, Israel Aerospace Industries Ltd., L3Harris Technologies Inc., Lockheed Martin Corp., MDA Corp., Northrop Grumman Corp., Raytheon Technologies Corp., Singapore Technologies Engineering Ltd., Space Exploration Technologies Corp., Thales Group, The Boeing Co., Viasat Inc., and Mitsubishi Electric Corp. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by Application
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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