20 July 2018

The Global Military Satellites Market 2012-2022

The Global Military Satellites Market 2012-2022

This report provides in-depth information on global military satellite market over the next ten years, alongside potential market opportunities to enter the industry, using detailed market size forecasts.

The report also provides details about both historic and forecast global industry values, factors influencing demand, the challenges faced by industry participants, analysis of the leading companies in the industry, and their vital data. It also provides detailed analysis of the current industry size and growth expectations from 2012 to 2022, including highlights of key growth stimulators. It also benchmarks the industry against key global markets and provides detailed understanding of emerging opportunities in specific areas.

Key findings in the report

The global military satellites industry is rapidly adopting strategies such as Public-Private Partnerships (PPPs) and Private Finance Initiatives (PFIs) owing to the huge capital requirements and post deployment assistance required for these projects. Moreover, governments are increasingly adopting the capacity leasing approach on privately owned satellites, rather than deploying own systems. Hence, the military satellite industry is gradually undergoing a transition towards selecting commercial providers against defense suppliers for its programs.

At present, due to defense budget cuts in many countries around the world, Private Financing Initiative (PFI) is gaining significant importance, through which the satellite project will be built and owned by a private company. In return, the governments agree on guaranteed contracts for the satellite services throughout the satellites’ lifetime.

Enhancements such as hosted payloads are used for numerous applications of satellites mainly including military communication and ISR. With the increasing usage of Commercial-Off-The-Shelf (COTS) equipment in the military sector, the bandwidths of military satellites are being increased through hosted payloads from commercial satellite providers. Hosted payloads are components attached to commercial satellites, which are designed to function independently of the host satellites, while at the same time sharing its resources.

Countries such as the US, France, Germany among others, which contribute significantly to the global military satellites market, are experiencing substantial defense budget cuts. This is forcing the defense departments of these countries to realign their spending strategies on satellites. The North American and European regions account for an estimated 80% of global defense spending.

The key drivers behind recent military satellites market changes is mainly driven by the need for enhanced communication capabilities and Intelligence, Surveillance and Reconnaissance (ISR) requirements for armed forces across the world. The market is expected to be dominated by North America, followed by Europe and Asia Pacific.

Why is this report essential?

“Outlook on Global Military Satellites Market 2012-2022” report provides key information and detailed analysis of the market for military satellites during 2012-2022, which also includes the factors that influence why countries are investing or cutting defense expenditure. It also provides data on the expected growth rates and projected total expenditure.

Report also covers information about many companies in the industry which include Boeing, Northrop Grumman, Israel Aerospace Industries, Telespazio, QinetiQ, Thales, Raytheon, Astrium, Mitsubishi Electric Corporation, ISS-Reshetnev, Lockheed Martin, Intelsat General Corporation, ITT Exelis, and Harris Corporation.

For more information on this report visit : The Global Military Satellites Market 2012-2022
OR Contact Amitava Sen at +91-8762746600

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