Military Satellite Market Quadruples Massively By 2021

Pune, India,  December , 2017/MRFR Press Release/- Market Research Future Published a Cooked Research “Global Military Satellite Market Research Report - Forecast to 2021” - Market Analysis, Scope, Stake, Progress, Trends and Forecast up to 2021.    

Military Satellite Market – Market OverviewSatellite is an artificial object placed manually into orbit to serve various purposes. The functions could be navigation, weather information, civilian and earth observation, and research. The military satellites are used for conventional missions such as intelligence gathering, navigation, and military communications. These are computer-controlled systems that can perform tasks such as thermal control, telemetry, power generation, attitude control, and orbit control. Such data is used for several applications such as agriculture, water resources, urban development, mineral prospecting, environment, forestry, border and maritime security, drought and flood forecasting, ocean resources and disaster management. By 2012, 6,600 satellites had been launched, of which 1,000 were operational.

The continued focus of defense authorities on ISR payloads has been a key driver of the market. Huge investments are being made on deploying ISR to improve national security, by extraction of data from the enemies or the hostile neighboring countries. The ISR market is segmented into maritime patrol, airborne early warning and control (AEWC), sensor, and electronic warfare (EW) systems, which are crucial factors to conduct the military and security operations.

In addition, the UAVs are the next-generation airborne ISR platforms that will be adopted by defense authorities globally. These drones are used in force multipliers, ISR platforms, target recognition, damage assessment, and electronic warfare. They are also equipped with light amplification by stimulated emission of radiation (LASER) and global positioning system (GPS), which aid in ISR missions. Defense authorities around the world are investing in the development and procurement of UAVs to reduce the troop casualties and capital expenditure, and to replace some older and obsolete manned aircraft. In 2014, more than 10,000 different UAVs were in service in the global market.

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Military Satellite Market – Competitive Analysis

The aerospace industry adopted new strategies to achieve greater efficiency, and reduced costs are increasing OEM's dependence on tier 1 suppliers. Big players such as Boeing and Airbus focus more on integration and less on internal production capability. These vendors are working toward a business model where they would need to work with fewer tier 1 suppliers and decreasing direct interactions with tier 2 and tier 3 suppliers.

The aerospace and defense supply chain can be classified among original equipment manufacturers (OEMs), and tier 1, tier 2, and tier 3 suppliers. Large aircraft manufacturers often referred to as OEM, specify their needs to tier 1 suppliers. OEM and tier 1 suppliers are the most critical players in this supply chain system as they are responsible for the overall design and manufacture of aircraft.

Key Players:The leading market players in the global Military Satellite market primarily include Boeing, Israel Aerospace Industries, Raytheon, Thales, Northrop Grumman, Lockheed Martin, GE Aviation, SpaceX and ViaSat.

Industry/ Innovation/ Related News:March 18, 2017 - Boeing’s ninth Wideband Global SATCOM (WGS) satellite launched into orbit today and will provide the United States and six allied nations with increased communications capabilities to prevent, protect against and respond to attacks. The WGS-9 satellite was funded through an agreement between the United States and Canada, Denmark, Luxembourg, the Netherlands and New Zealand, and will also serve Australia (which funded the WGS-6 satellite). Each partner country gains access to the capabilities provided by the full WGS system, which include flexible and secure communication transmissions in the X- and Ka-band frequencies.

May 28, 2017:- Israel Aerospace Industries (IAI), IAI's Space division handed over the Venµs satellite to the Israeli Space Agency in the Ministry of Science and its partner, the French National Center of Space Studies (CNES). The satellite will now be merged with Arianespace launcher and prepare for the launch that will take place this summer in French Guiana.

December 21, 2016:- The U.S. Air Force has awarded Raytheon Company a USD 37 million contract to demonstrate new satellite communications technology that will continuously link tactical users with military leaders in contested environments.

Military Satellite Market – SegmentsFor the convenience of the report and enhanced understanding; The Military Satellite Market is segmented in to 3 key dynamics

Segmentation by Type: ISR, Communication, and Navigation.

Segmentation by System: Radar, SATCOM, EO/IS.

Segmentation by Regions: Comprises Geographical regions - Americas (North & Latin)

, Europe, APAC and Middle East & Africa.

Military Satellite Market –

Regional Analysis

The growing economy and increasing territorial disputes between Russia and the US, China and Vietnam, India and Pakistan, and North Korea and South Korea is expected to result in an increased adoption of advanced systems and technologies to strengthen their warfare capabilities. Also, due to the growing unrest situation in the Middle East and African countries (such as Saudi Arabia, Iraq, Syria), there has been significant growth in their defense budgets.About Market Research Future:At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.Contact:Market Research FutureOffice No. 524/528, Amanora ChambersMagarpatta Road, HadapsarPune - 411028Maharashtra, India+1 646 845 9312Email: sales@marketresearchfuture.com