The Military Satellites Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Military Satellites Market?
The size of the military satellites market has been expanding consistently over the past few years. The market, which was worth $59.82 billion in 2024, is expected to increase to $62.74 billion in 2025. This represents a compound annual growth rate (CAGR) of 4.9%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Military Satellites Industry?
The Military Satellites Global Market Report 2025 predicts that by 2029, the market size for military satellites will reach $75.04 billion, growing at a compound annual growth rate (CAGR) of 4.6%.
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What are the Key Growth Drivers Fueling the Military Satellites Market?
The key drivers in the military satellites market are:
• Increase in anti-satellite threats
• The necessity for resilience and redundancy
• Development of laser communication technology
• Advent of quantum satellite communication and miniaturization.
Global Market Segmentation: Identifying Major Military Satellites Industry Segments
The military satellites market covered in this report is segmented –
1) By Satellite Type: Small Satellite, Medium-To-Heavy Satellite
2) By Payload Type: Communication Payload, Navigation Payload, Imaging Payload, Others
3) By Application: Intelligence, Surveillance, And Reconnaissance (ISR), Communication, Navigation
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What are the Emerging Trends Shaping the Future of the Military Satellites Market?
The key trends in the military satellites market are:
• The trend of dual-use satellites is significantly shaping the future of this market.
• The quick deployment and launch of satellites is an emerging trend.
• Space traffic management is becoming an increasingly important trend.
• International collaboration and space-based threat warning systems are also potential trends shaping the future.
Who Are the Top Competitors & Leading Players in the Military Satellites Market?
Major companies in the military satellites market are:
• The Boeing Company
• Israel Aerospace Industries
• Northrop Grumman Corporation
• ISS-Reshetnev
• Space Exploration Technologies Corp.
• Lockheed Martin Corporation
• Raytheon Company
• Thales Group
• Mitsubishi Electric Corporation
• GE Aviation
• Airbus SE
• Indian Space Research Organisation
• OHB SE
• Elbit System Ltd.
• AeroVironment Inc.
• Orbital ATK Inc.
• Cobham Limited
• Viasat Inc.
• Safran Electronics & Defense
• Selex ES Inc.
• Harris Corporation
• L3Harris Technologies Inc.
• Terma A/S
• BAE Systems plc
• QinetiQ Group PLC
• Reutech Radar Systems
• Easat Radar Systems Limited
• Indra Company
• Bharat Electronics Limited
• ZTE Corporation
• United Technologies Corporation
• Saab AB
• China Aerospace Science and Technology Corporation
• NEC Corporation
• Orbital Sciences Corporation
Regional Dominance: Which Area Leads the Global Military Satellites Market?
North America was the largest region in the military satellites market in 2023
