Military satellite market is anticipated to grow at a CAGR of 6.7% during the forecast period. One of the core factors that is fuelling the market growth is the rising tensions between countries in the past few years. Rising tension between countries such as the US, China, India, Russia, and others has been witnessed which has increased the demand for their security at the borders. Such countries have increased the use of satellite that can map, navigate the borders, and inform the officials if notices some suspicion on the border. For instance, in November 2021, as per China Aerospace Science and Technology Corp., China launched 2 Yaogan 32-class military satellites for remote sensing applications on board a Long March 2C rocket.
Get Free Sample link @ https://www.omrglobal.com/request-sample/military-satellite-market
Asia-Pacific market is expected to grow significantly in the market during the forecast period owing to several factors such as ongoing geopolitical conflicts in the region between countries such as China, India, and others. The spending from the governments of India, China, and Japan on the space sector has also been increasing to offer mission-critical information such as intelligence, surveillance, reconnaissance (ISR), military communications, and navigation, which are projected to drive the market growth during the forecast period. The increasing defense expenditure on a year-on-year basis of countries such as India and China, among others, have also contributed to their satellite-based advanced technology for gaining ISR capabilities that provide coherent, accurate, and high-resolution intelligence information for serious missions. For instance, in November 2021, the Indian Defence Ministry approved the proposal for the GSAT-7C satellite manufacturing for the Indian Air Force. The GSAT-7C is set to be launched in two to three years duration which will boost the Indian Air Force’s network-centric warfare capabilities and global operations.
full report of Military Satellite Market available @ https://www.omrglobal.com/industry-reports/military-satellite-market
- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , 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.
For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/military-satellite-market
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.
Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 780-304-0404
