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Military Satellite Market Trends

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

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Military Satellite Market Trends

The increasing need for resilient, anti-jamming military satellites is driving growth in the market. As cyber and electronic warfare threats rise, secure satellite communication becomes vital for defense operations. Military forces are investing in advanced technologies like Protected Tactical Waveform (PTW) and encryption measures to shield satellite networks from interference, jamming, and spoofing. For instance, in March 2023, The Space Force allocated approximately USD 3 billion for fiscal years 2024 to 2028 to develop new jam-resistant satellite communications (SATCOM) systems. This initiative aims to ensure secure connectivity for warfighters on the battlefield, countering the growing threat of adversary electronic warfare capabilities. This trend propels investments in both satellite design and ground segment modernization, as militaries worldwide prioritize robust, cyber-hardened satellite networks to safeguard mission-critical communications.

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.