Satellite is an artificial platform placed manually into orbit to serve various purposes. The functions of satellites encompass weather information, Earth observation, and research. The military satellites are employed in missions like intelligence gathering, navigation, and military communications. Satellites are launched into space to provide various services, such as communications, surveillance, telemetry, and remote sensing. They are designed specifically as per their intended applications. Depending on the type of application, satellites are classified as navigation satellites, communications satellites, reconnaissance satellites, and remote sensing satellites
Technavio’s analysts forecast the global military satellite market to grow at a CAGR of 5.95% during the period 2017-2021.
Covered in this report The report covers the present scenario and the growth prospects of the global military satellite market for 2017-2021. To calculate the market size, the report considers the revenue generated by the vendors supplying military satellites and hosted payloads to various defense agencies across the globe.
The market is divided into the following segments based on geography: • Americas • APAC • EMEA
Technavio’s report, Global Military Satellite Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors • Boeing • IAI • Northrop Grumman • Thales Alenia Space • Raytheon
Other prominent vendors • Airbus Defence and Space • China SpaceSat • Lockheed Martin • OHB
Market driver • Preference for hosted payload • For a full, detailed list, view our report
Market challenge • Delays and unsuccessful attempts of satellite launch • For a full, detailed list, view our report
Market trend • Increasing collaborative agreements with private SATCOM providers • For a full, detailed list, view our report
Key questions answered in this report • What will the market size be in 2021 and what will the growth rate be? • What are the key market trends? • What is driving this market? • What are the challenges to market growth? • Who are the key vendors in this market space?
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