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Military Satellite Market Share

Report ID: GMI12144
Published Date: Nov 2024
Report Format: PDF

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Military Satellite Market Share

Major players in the military satellite market, including Airbus, Northrop Grumman, Raytheon Technologies, Boeing, Thales, and Lockheed Martin, compete by developing secure and resilient communication systems. They focus on offering advanced anti-jamming capabilities, real-time data transmission, and enhanced imaging features. These companies also strive to provide low-latency solutions, adaptable LEO constellations, and AI integration for data processing. Their competitive edge relies on delivering cost-effective, dependable, and quickly deployable solutions that meet evolving defense needs.

Military Satellite Market Companies

Major players operating in the military satellite industry are:

AeroVironment
Airbus
BAE Systems
Boeing
China Aerospace Science and Technology Corporation
Elbit Systems
General Dynamics
Indian Space Research Organisation
Israel Aerospace Industries
Lockheed Martin
Maxar Technologies
Northrop Grumman
Raytheon Technologies
SpaceX
Thales
Viasat

Authors: Suraj Gujar, Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

The global market size military satellite was valued at USD 30.3 billion in 2023 and is projected to reach USD 73.3 billion by 2032, driven by a CAGR of 10.9% from 2024 to 2032.

The LEO segment is expected to register a CAGR of over 10.5% during the forecast period, driven by its proximity to Earth, which allows for sharp, detailed imagery and real-time data transmission.

North America held over 39% of the market share in 2023, driven by the U.S. military's reliance on satellites for communication, reconnaissance, and navigation, along with contributions from Canada and innovations by SpaceX.

Major players include Lockheed Martin, Northrop Grumman, and SpaceX, among others.