Global Military Satellite Market poised to grow at a CAGR of more than 6% . Segmentation Analysis by Type (Intelligence, Surveillance, & Reconnaissance (ISR), Communication, and Navigation), by System (Radar, SATCOM, and EO/IS) and by Region (Americas, Europe, Asia Pacific, and Middle East & Africa) – Forecast To 2023

Pune, India -- (SBWire) -- 08/20/2018 --Military Satellite Market – Market Overview

Satellite is an artificial object placed manually into orbit to serve various purposes. The functions could be navigation, weather information, civilian and earth observation, and research. The military satellites are used for conventional missions such as intelligence gathering, navigation, and military communications. These are computer-controlled systems that can perform tasks such as thermal control, telemetry, power generation, attitude control, and orbit control. Such data is used for several applications such as agriculture, water resources, urban development, mineral prospecting, environment, forestry, border and maritime security, drought and flood forecasting, ocean resources and disaster management.

By 2012, 6,600 satellites had been launched, of which 1,000 were operational.

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The continued focus of defense authorities on ISR payloads has been a key driver of the market. Huge investments are being made on deploying ISR to improve national security, by extraction of data from the enemies or the hostile neighboring countries. The ISR market is segmented into maritime patrol, airborne early warning and control (AEWC), sensor, and electronic warfare (EW) systems, which are crucial factors to conduct the military and security operations.

In addition, the UAVs are the next-generation airborne ISR platforms that will be adopted by defense authorities globally. These drones are used in force multipliers, ISR platforms, target recognition, damage assessment, and electronic warfare. They are also equipped with light amplification by stimulated emission of radiation (LASER) and global positioning system (GPS), which aid in ISR missions. Defense authorities around the world are investing in the development and procurement of UAVs to reduce the troop casualties and capital expenditure, and to replace some older and obsolete manned aircraft. In 2014, more than 10,000 different UAVs were in service in the global market.

Industry/ Innovation/ Related News:

March 18, 2017 - Boeing's ninth Wideband Global SATCOM (WGS) satellite launched into orbit today and will provide the United States and six allied nations with increased communications capabilities to prevent, protect against and respond to attacks. The WGS-9 satellite was funded through an agreement between the United States and Canada, Denmark, Luxembourg, the Netherlands and New Zealand, and will also serve Australia (which funded the WGS-6 satellite). Each partner country gains access to the capabilities provided by the full WGS system, which include flexible and secure communication transmissions in the X- and Ka-band frequencies.

May 28, 2017:- Israel Aerospace Industries (IAI), IAI's Space division handed over the Venµs satellite to the Israeli Space Agency in the Ministry of Science and its partner, the French National Center of Space Studies (CNES). The satellite will now be merged with Arianespace launcher and prepare for the launch that will take place this summer in French Guiana.

December 21, 2016:- The U.S. Air Force has awarded Raytheon Company a USD 37 million contract to demonstrate new satellite communications technology that will continuously link tactical users with military leaders in contested environments.

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Military Satellite Market – Competitive Analysis

The leading market players in the global Military Satellite market primarily include :

Boeing
Israel Aerospace Industries
Raytheon
Thales
Northrop Grumman
Lockheed Martin
GE Aviation
SpaceX
ViaSat
The aerospace industry adopted new strategies to achieve greater efficiency, and reduced costs are increasing OEM's dependence on tier 1 suppliers. Big players such as Boeing and Airbus focus more on integration and less on internal production capability. These vendors are working toward a business model where they would need to work with fewer tier 1 suppliers and decreasing direct interactions with tier 2 and tier 3 suppliers.

The aerospace and defense supply chain can be classified among original equipment manufacturers (OEMs), and tier 1, tier 2, and tier 3 suppliers. Large aircraft manufacturers often referred to as OEM, specify their needs to tier 1 suppliers. OEM and tier 1 suppliers are the most critical players in this supply chain system as they are responsible for the overall design and manufacture of aircraft.

Military Satellite Market – Segments

For the convenience of the report and enhanced understanding; The Military Satellite Market is segmented in to 3 key dynamics

Segmentation by Type: ISR, Communication, and Navigation.

Segmentation by System: Radar, SATCOM, EO/IS.

Segmentation by Regions: Comprises Geographical regions - Americas (North & Latin)

, Europe, APAC and Middle East & Africa.

Military Satellite Market – Regional Analysis

It is expected that the market will be dominated by North America, followed by Europe and Asia-Pacific. Europe and North America are expected to be the fastest-growing markets for military satellites with a major share of expenses by the US, Russia, France, and Italy.

The growing economy and increasing territorial disputes between Russia and the US, China and Vietnam, India and Pakistan, and North Korea and South Korea is expected to result in an increased adoption of advanced systems and technologies to strengthen their warfare capabilities. Also, due to the growing unrest situation in the Middle East and African countries (such as Saudi Arabia, Iraq, Syria), there has been significant growth in their defense budgets.

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