The global military satellite market is anticipated to grow at a CAGR of 6.7% during the forecast period (2022-2028). One of the core factors that is driving the market growth is the increasing competition among market players and countries. The companies are more focusing on innovation and advanced technology for creating new, high-performance satellites to launch which can support the military. For instance, A DARPA-funded program with Raytheon and Northrop Grumman has been in development since 2018 to manufacture a satellite that will be designed to hunt and track an adversary’s defense satellite. If done right, it is to operate by simple physics, using a reflection of a sunbeam on the enemy satellite that will, for weeks, heat up the opposing satellite just enough to make it drop out of orbit and burn up on re-entry into the upper stratosphere.
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Such innovation has been boosting the demand for military satellites in the countries which have resulted in multiple launches of military satellites from many countries every year. For instance, in November 2021, China launched two classified military satellites via the Long March 2C launcher which was lifted off from the Jiuquan space center located in the Gobi Desert of northwestern China as per the China Aerospace Science and Technology Corp., the country’s main state-owned aerospace contractor.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Global Military Satellite Market Report by Segment
By Satellite Type
- Small Satellite
- Large Satellite
By Orbit Type
- Low Earth Orbit
- Geosynchronous Orbit
By Application
- ISR
- Communication
- Navigation
Global Military Satellite Market Report by Region
North America
- US
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global military satellite market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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