Global Military Satellite Market Poised to Grow at A CAGR Around 6% over the Period of 2016 – 2021

Pune, India, September 14, 2016 / MRFR Press Release/- Market Research Future Published A Cooked Research Report on Global MILITARY SATELLITE Market.

Military Satellite Market

The global Military Satellite market is expected to grow at a CAGR of around 6% during 2016-2021. This growth is driven due to growing investment in SATCOM and increasing demand for electro optical imaging systems.

As per the MRFR analysis, growing investments in ISR payloads, investment in SATCOM, and demand for military satellites are few of the primary factors driving the military satellite market. The market has gained importance for various reasons such as continued effort to improvise navigation and intelligence system, investments in developing countries, growing access to high-quality equipment by combatants, and increasing electronic support to identify aerial, naval, and ground platforms of allies and opponents.

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Americas will retain the leading position and will dominate the Global Military Satellite Market in 2021. Whereas, APAC would grow at the highest CAGR of around 8%.

The United States is the key player in the global satellite market. The US Air Force, Army, and Navy are the major participants in military space operations. The country maintains the largest military space program of any country, accounting for 95% of the global military space spending. In 2015, the US has 549 satellites, with five remote sensing satellites and Brazil and Argentina, have two such satellites each.

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This report includes a study of strategies of major market players in the Global Military Satellite Market include Boeing, Israel Aerospace Industries, Raytheon, Thales, Northrop Grumman, Lockheed Martin, GE Aviation, SpaceX and ViaSat.

This research report provides detailed insights, into various levels of analyses such industry analysis, market share analysis leading market players and their profiles. This report also helps in studying the target segments by providing views on emerging & high-growth segments and market conclusion. Together the market data comprise and discuss with the basic assessments on the competitive scenarios & strategies, of the Global Military Satellite Market, including the high-growth regions, countries and their political, economic and technological environments. Furthermore the project report also provides views over the historic market values as well as, pricing and cost analysis of the same.