November 22, 2019 by Monica nerkar
Global Military Satellite Market Research Report: by Orbit Type (Low Earth Orbit, Medium Earth Orbit and Geosynchronous Orbit), Payload Type (Communication Payload, Navigation Payload, Imaging Payload and Others), Satellite Type (Small Satellite and Medium-to-Heavy Satellite), System (Electro-Optic/Infrared Sensor (EO/IS), Radar and SATCOM), Application (ISR, Communication and Navigation) and Region (North America, Europe, Asia-Pacific, Middle East & Africa and Latin America) - Forecast till 2025
The Global Military Satellite Market is growing with the rapid pace; mainly due to indelible efficacy of Satellites at the battle field. Growing investment in SATCOM and increasing demand for electro optical imaging systems coupled with the increasing investments in ISR payloads is providing impetus to the Military Satellite market growth, escorting it further to ascended level globally. The Military Satellite Market has gained prominence owing to various reasons including continued effort to improvise navigation and intelligence system, investments in developing countries, growing access to high-quality equipment by arm forces, and increasing electronic support to identify aerial, naval, and ground platforms of allies and opponents.
Accrediting the increasing traction the Military Satellite Market is gaining today, and the growth prospects the market is demonstrating, the Market Research Future recently published a meticulous study report giving out the complete market insights up to 2021. According to the MRFR analysis, the global Military Satellite Market is booming and expected to gain further prominence over the forecast period. The Market is forecasted to demonstrate an upsurge growth by 2021, surpassing its previous growth records in terms of value with a striking CAGR of 6% during the anticipated period (2016 – 2021).
Latest trend of connected battlefield is driving the demand for advanced high-performance Military communication and secure networking technologies. The growth of global Military Satellite market can be majorly attributed to enhance security services and growing investments by the government worldwide in defence sector. Also, increasing need to modernize aging equipment is expected to boost the market growth. However, factors such as multiple standard in devices is the major restraint that could hinder the market growth.
Effective Military Communication Systems are essential for warfare or battlefields and are crucial factor to any military operation. The segment is going through unprecedented change as militaries and governments across the world move towards a network centric approach to their communications from operations in war zones to homeland security and disaster recovery operations.
Hence, governments strive for cost-effective and efficient solutions effective in safeguarding the confidentiality of the information. This drives market growth for the Military Communication products and services. Emergence of adept technologies, advanced equipment and the availability of emergency communication services that offers effective alert and notification system in emergency are some of the factors that foster the growth of the market. Additionally, the satellite communication that delivers accurate and real-time information to the military departments is providing impetus to the market growth of Military Communications.
The Military Satellite market predominantly based on government policy and defence budgets, which define the need to support ongoing operations and military exercises. Despite the tough economic context, nations continue to spend considerable sums on maintaining capable wideband global satellite communications system, the encryption systems, firmware code, and the anti-jamming defences that the satellites use.
Military Satellite involve all aspects of communications or conveyance of information used by armed forces for efficient functioning, military command and control. The Military Satellite generally depends on a complex communication network of equipment, and protocols to convey information among forces.
Governments across the globe are increasingly securing commercial capacity due to a critical lack of appropriate military satellite systems. Military operations in places like Iraq and Afghanistan, new bandwidth-hungry applications that serve the modern network-centric nature of warfare has provided added traction to the adept Satellite bandwidth. The military sector cannot meet its bandwidth demand on its own, so increasingly it is turning to commercial satellite operators to help them plug this capacity gap.
Smart phones, tablets, high-speed wireless networks and other sophisticated communications technologies are rapidly changing the way people access, use and exchange information. Militaries are widely adopting the communications revolution, turning to a new generation of sophisticated systems to enable faster, richer, less costly and more flexible communications.Yet they also pose challenges in terms of interoperability and security. Military technology leaders are facing a paramount challenge in terms of Communications integration
Boeing, Israel Aerospace Industries, Raytheon, Thales, Northrop Grumman, Lockheed Martin, GE Aviation, SpaceX and ViaSat are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global Military Satellite Market.
Military Satellite Global Market – Competitive Analysis
The Market of Military Satellite appears to be competitive owing to the presence of numerous well-established players having international and global presence. Innovation, mergers & acquisitions, and brand reinforcement remain the key trends for the leading players. These key players compete based upon pricing, reputation and services. Military Communication developers address the demand with a wide range of solutions that are purpose-built for challenging battlefield environments.
Military Satellite technologies are vast and complex. Key Players (developers) operating in the market strive to boost security and reliability with available bandwidths, whether on land, at sea, or in the air (or space). Each generation of communications equipment seeks to leverage improvements in component life, such as extended operating time for portable radios running on new rechargeable batteries or increased processing power from the latest high-power microprocessors.
Industry/ Innovation/ Related News:
June, 2017 – Further to The Indian Space Research Organisation's (ISRO) GSAT-9 on board the Geosynchronous Satellite Launch Vehicle (GSLV-F09), lin Sriharikota ( Andhra Pradesh) on May 5, 2017.
NEW DELHI — To meet military space requirements, India plans to launch a 550-kilogram homemade military satellite within the next fortnight to join the heaviest homemade rocket, the Geosynchronous Satellite Launch Vehicle Mark III, according a Ministry of Defence source.
The GSLV Mk III rocket, fired earlier this month into space, has the capacity to carry the 4-ton class of satellites, prompting some analysts here to say this is a prerequisite for an anti-satellite weapon.
Military Communications Market – Segments
For the Better understanding of this report the Global Military Satellite Market has been segmented in to 3key dynamics.
Segmentation By Type: Comprises ISR, Communication, and Navigation.
Segmentation By System: Comprises Radar, SATCOM, EO/IS
Segmentation By Regions: Comprises Geographical regions - North America, Europe, APAC and Rest of the World.
Military Satellite Market – Regional Analysis
Americas is the largest market for military satellites. Growing ISR capabilities, protection from various weapons using electronic countermeasure are some of the primary factors driving the market in this region. Other regions such as EMEA and APAC are also showing immense potential which increased investments on new satellite programs. By 2021, APAC will be the fastest growing market in term of CAGR. Whereas, Americas will dominate the market in terms of revenue.
Browse Complete Report "Military Satellite Market Research Report - Global Forecast till 2025" @ https://www.marketresearchfuture.com/reports/military-satellite-market-1253
Also Read @ https://www.marketwatch.com/press-release/military-satellite-global-market-2019-size-share-competitive-analysis-industry-segments-business-growth-sales-revenue-opportunity-assessment-and-regional-trends-by-forecast-to-2023-2019-04-08
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