Technavio's market research analysis identifies the growing investment in SAR satellites as one of the primary growth factors for the military satellite market. The synthetic aperture radar (SAR) satellites combine circulated radar signals and complex digital processing for creating high-resolution images of landscapes or terrains and have the ability to operate in all weather conditions. SAR satellites in the defense applications are primarily used for mapping out the terrain, locating enemy vehicles, and spotting both friendly and hostile forces. Several defense agencies are making large investments for the effective acquisition of intelligence imagery for evolving security concerns. Our market research analysts predict that this market will to grow steadily at a CAGR of around 6% by 2021.
The miniaturization of sensory payloads is identified as one of the key trends behind the growth of the military satellite market. Technological advancements have enabled the miniaturization of the satellites and this helps in the reduction of the overall weight and in optimizing the performance. The miniaturized radar camera is cost-effective and industry viable due to consumption of less power. The miniaturized radar camera produces better quality images than the traditional designs. Such benefits will induce defense agencies to adopt miniaturized sensors and computers to reduce cost overruns.
Competitive landscape and key vendors
The military satellite market is intensely competitive and consists of several key players who compete based on development cost, quality, reliability, and aftermarket service. The vendors in the military satellite must offer cost-effective and high-quality satellite systems equipped with the latest technologies. In addition to market conditions, government support, and industry development, factors such as in-house manufacturing capabilities, product offerings, R&D investments, newer technologies, global footprint network, and a strong client base also play a significant role in the performance of the vendors.
The leading vendors in the market are -
Thales Alenia Space
The other prominent vendors in the market are Airbus Defense and Space, China SpaceSat, Lockheed Martin, and OHB.
Segmentation by satellite type and analysis of the military satellite market
The military and defense segments are increasingly deploying ISR satellites for strengthening the early warning capabilities of commandants, greater reconnaissance, and threat detection capabilities. The demand for this segment is influenced by factors such as the advancements in sensor technologies, predominantly in electro-optical and infrared (EO/IR) systems, and other sensor payloads.
Geographical segmentation and analysis of the military satellite market
The Americas will be the major contributor to the military satellite market and is the largest operator of remotely piloted aircraft that necessitates the integration of a satellite-based support mechanisms to cater to the growing demand for surveillance and security-related applications. The changing nature of battlefield and the development of a secure tactical waveform that can work on both commercial and government satellites will contribute to the growth of the military satellite market.
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 market?
What are the key market trends impacting the growth of the global military satellite market?
What are the challenges to market growth?
Who are the key vendors in the global military satellite market?
What are the market opportunities and threats faced by the vendors in the global military satellite 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 market?
Technavio also offers customization on reports based on specific client requirement.
This upcoming report on the global military satellite market offers insights into the major trends and forthcoming drivers influencing the growth of theaerospace and defense industry. Our market research reports for the aerospace and defense industry also follow a rigorous data collection methodology and offer an extensive analysis of fast growing market segments like space.
By considering the market forecast and size, and the surging demand for various segments in the space sector, the market research professionals at Technavio present an all-inclusive picture of the military satellite market for the time period of 2017 to 2021. Furthermore, ourresearch practices support clients develop impactful growth strategies and keep pace with the continually changing market dynamics. This market research report also presents an extensive analysis of various products and services based on the insights from the information gathered from specific resources such as channel partners and market stakeholders.
This forthcoming market research report on the military satellite market also covers vendors like Boeing, IAI, Northrop Grumman, and Raytheon. According to our market research experts, the steadily rising demand for SATCOM-based systems is expected to impact the global market during the next few years. Furthermore, to offer clients the scope to identify potential market opportunities and expand in niche markets, this industry report on the military satellite market also covers geographies like the Americas, APAC, and EMEA.
The upcoming industry research report on the military satellite market also categorizes the major drivers, prominent trends, with the imminent restraints that thedefense sector currently experiences. This report on the military satellite market also presents insights into the rapidly changing competitive landscape to give clients a complete picture of the forthcoming events within theaerospace and defense industry. Technavio also offers in-depth market assessments into the sectors such as defense,homeland security, and defense technology.