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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.
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 -
The other prominent vendors in the market are Airbus Defense and Space, China SpaceSat, Lockheed Martin, and OHB.
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.
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.
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This upcoming report on the global military satellite market offers insights into the major trends and forthcoming drivers influencing the growth of the aerospace 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, our research 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 the defense 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 the aerospace and defense industry. Technavio also offers in-depth market assessments into the sectors such as defense, homeland security, and defense technology.
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by satellite type
PART 07: Geographical segmentation
PART 08: Decision framework
PART 09: Drivers and challenges
PART 10: Market trends
PART 11: Vendor landscape
PART 12: Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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