Home > Aerospace & Defense > Defense and Safety > Space Militarization Market

Space Militarization Market Share

  • Report ID: GMI10585
  • Published Date: Aug 2024
  • Report Format: PDF

Space Militarization Market Share

Lockheed Martin Corporation & Northrop Grumman Corporation hold a significant share of the market. Lockheed Martin Corporation holds a significant share in the space militarization industry due to its extensive experience, advanced technological capabilities, and strategic partnerships. As a leading defense contractor, Lockheed Martin has been at the forefront of developing and deploying critical space-based assets for military applications. The company's portfolio includes sophisticated satellites for communication, reconnaissance, and missile warning systems, such as the Advanced Extremely High Frequency (AEHF) satellites and the Space-Based Infrared System (SBIRS). These systems provide essential capabilities for secure communication, global surveillance, and early missile detection, making them integral to national security. Lockheed Martin's expertise in satellite manufacturing, coupled with its innovations in space technologies, ensures the delivery of reliable and resilient space systems. Additionally, the company's close collaboration with the U.S. Department of Defense and other government agencies enables it to align its products with the strategic requirements of national defense, further solidifying its dominant position in the market.
 

Northrop Grumman Corporation is a key player in the global market, driven by its advanced technological innovations and comprehensive range of space solutions. The company is renowned for its expertise in developing and integrating complex space systems for defense and intelligence purposes. Northrop Grumman’s significant contributions include the development of the Defense Support Program (DSP) satellites, which provide early warning of missile launches, and the Enhanced Polar System (EPS) for secure military communications in polar regions. The company's leadership in the design and deployment of strategic missile defense systems, such as the Ground-based Midcourse Defense (GMD) system, further underscores its critical role in space-based defense. Northrop Grumman's ability to deliver end-to-end space solutions, from satellite manufacturing to launch services and ground control systems, ensures the operational effectiveness and security of its space assets.
 

Space Militarization Market Companies

Major players operating in the space militarization industry are:

  • Lockheed Martin Corporation
  • Northrop Grumman Corporation
  • Boeing Company
  • Raytheon Technologies Corporation
  • L3Harris Technologies Inc.
  • Thales Group
  • General Dynamics Corporation    
Authors: Suraj Gujar , Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

The market size for space militarization was valued at USD 56.42 billion in 2023 and is expected to grow at over 8% CAGR between 2024 and 2032 owing to the increasing reliance on space-based assets.

The space-based segment in the space militarization market will generate USD 50 billion by 2032 favored by global coverage, rapid response capabilities, and resilience against ground-based attacks.

North America market accounted over 35% share in 2023 due to its substantial defense budgets, technological prowess, and strategic focus on space dominance.

Lockheed Martin Corporation, Northrop Grumman Corporation, Boeing Company, Raytheon Technologies Corporation, L3Harris Technologies Inc., Thales Group, and General Dynamics Corporation

Space Militarization Market Scope

Buy Now


Premium Report Details

  • Base Year: 2023
  • Companies covered: 20
  • Tables & Figures: 218
  • Countries covered: 21
  • Pages: 210
 Download Free Sample