Global Military Satellites Market Report 2024

Military Satellites Global Market Report 2023 – By Satellite Type (Small Satellite, Medium To Heavy Satellite), By Payload Type (Communication Payload, Navigation Payload, Imaging Payload, Others), By Application (Intelligence, Surveillance, And Reconnaissance, Communication, Navigation) – Market Size, Trends, And Global Forecast 2023-2032

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A military satellite is an artificial earth satellite used for military missions such as intelligence gathering, navigation, and military communications. The capabilities of military satellites include secure in-theater communications, weather and navigational data for ground, air, and fleet operations, as well as threat warning.

The main types of military satellites are small satellites and medium-to-heavy satellites. The various types of payload include communication payload, navigation payload, imaging payload, and others that are used for intelligence, surveillance, and reconnaissance (ISR), communication, and navigation. A satellite payload refers to the components of a spacecraft that are specifically dedicated to producing mission data and relaying that data back to Earth.

The global military satellites market 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

The global military satellites market size will grow from $58.46 billion in 2022 to $62.19 billion in 2023 at a compound annual growth rate (CAGR) of 6.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global military satellites is expected to grow to $73.26 billion in 2027 at a CAGR of 4.2%.

The increasing concern about terrorism is expected to fuel the growth of the military satellite market. The growing concern about terrorism has motivated the need for military forces around the world to deploy better military communication systems. Military satellites are an important part of modern military communication networks. For instance, in October 2021, according to a report published by Bureau of Counterterrorism, a US-based government organization to improve counter-terrorism cooperation with foreign governments, there were 10,172 terrorist attacks in 2020, which led to 29,389 fatalities, 19,413 injuries, and 4,471 kidnappings. In comparison to 2019, there were 1,300 more terrorism-related incidents, 3,116 more fatalities, 1,189 fewer injuries, and 1,262 more kidnappings in 2020. The number of incidents in 2020 will be 15% more than in 2019. Therefore, the increasing concern about terrorism drives the growth of the military satellite market.

Major players in the military satellites market report are The Boeing Company, Israel Aerospace Industries, Northrop Grumman Corporation, ISS-Reshetnev, SpaceX, Lockheed Martin Corporation, Raytheon Company, Thales Group, Mitsubishi Electric Corporation, GE Aviation, Airbus SE, Indian Space Research Organisation, OHB SE, Elbit System Ltd., AeroVironment, and Orbital ATK Inc.

The high cost of military satellites is expected to hamper the growth of the military satellite market over the forecast period. A military satellite is an artificial satellite that is used for military purposes. Military satellites are costly devices, they are costly to build and costly to launch. The military communications satellite's combined costs will be more than $95 million for release and launch insurance, $20 million for in-orbit insurance, $15 million for operating expenses, and $150 million for the spacecraft, making a total of $300 million. Therefore, the high cost of military satellites restrains the growth of the military satellite market.

The advancement in technology is shaping the military satellite market. Major companies working in the military satellite sector are focused on designing advanced technology solutions for military satellites. For instance, in July 2020, SpaceX, an American aerospace manufacturer and space transportation services company, launched South Korea's first military communications satellite, called Anasis-II. Anasis-II will play a vital role in preserving peace on the Korean peninsula, and through this technical advance, the Republic of Korea will be able to improve not only its IT capabilities but also its space research and development operations.

In May 2021, OneWeb, a USA-based satellite internet company, acquired TrustComm for an undisclosed amount. Through this acquisition, OneWeb is intended to provide 'a new suite of services with network speeds up to 195Mbps, lower latency, smaller and more compact multi-orbit user terminals, and built-in network management tools' to the US Department of Defense and other government clients. TrustComm, based in the US, is a commercial satellite communications provider.

North America was the largest region in the military satellites market in 2022. Asia-Pacific is expected to be the fastest-growing region in the global military satellites market share during the forecast period. The regions covered in the military satellites market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

The countries covered in the military satellites market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA

The military satellite market consists of sales of various satellites for military applications such as military reconnaissance satellites, navigation satellites, early warning systems, and military communication satellites. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The military satellites market research report is one of a series of new reports from The Business Research Company that provides military satellites market statistics, including global market size, regional shares, competitors with a military satellites market share, detailed military satellites market segments, market trends and opportunities, and any further data you may need to thrive in the military satellites industry. This military satellite market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.

    Table Of Contents

    1. Executive Summary

    2. Military Satellites Market Characteristics

    3. Military Satellites Market Trends And Strategies

    4. Military Satellites Market – Macro Economic Scenario

    4.1 COVID-19 Impact On Military Satellites Market

    4.2 Ukraine-Russia War Impact On Military Satellites Market

    4.3 Impact Of High Inflation On Military Satellites Market

    5. Military Satellites Market Size And Growth

    5.1. Global Military Satellites Historic Market, 2017-2022, $ Billion

    5.1.1. Drivers Of The Market

    5.1.2. Restraints On The Market

    5.2. Global Military Satellites Forecast Market, 2022-2027F, 2032F, $ Billion

    5.2.1. Drivers Of The Market

    5.2.2. Restraints On the Market

    6. Military Satellites Market Segmentation

    6.1. Global Military Satellites Market, Segmentation By Satellite Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    Small Satellite

    Medium-To-Heavy Satellite

    6.2. Global Military Satellites Market, Segmentation By Payload Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    Communication Payload

    Navigation Payload

    Imaging Payload

    Others

    6.3. Global Military Satellites Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    Intelligence, Surveillance, And Reconnaissance (ISR)

    Communication

    Navigation

    7. Military Satellites Market Regional And Country Analysis

    7.1. Global Military Satellites Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    7.2. Global Military Satellites Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    8. Asia-Pacific Military Satellites Market

    8.1. Asia-Pacific Military Satellites Market Overview

    Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

    8.2. Asia-Pacific Military Satellites Market, Segmentation By Satellite Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    9. China Military Satellites Market

    9.1. China Military Satellites Market Overview

    9.2. China Military Satellites Market, Segmentation By Satellite Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion

    10. India Military Satellites Market

    10.1. India Military Satellites Market, Segmentation By Satellite Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    11. Japan Military Satellites Market

    11.1. Japan Military Satellites Market, Segmentation By Satellite Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    12. Australia Military Satellites Market

    12.1. Australia Military Satellites Market, Segmentation By Satellite Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    13. Indonesia Military Satellites Market

    13.1. Indonesia Military Satellites Market, Segmentation By Satellite Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    14. South Korea Military Satellites Market

    14.1. South Korea Military Satellites Market, Segmentation By Satellite Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    15. Western Europe Military Satellites Market

    15.1. Western Europe Military Satellites Market Overview

    15.2. Western Europe Military Satellites Market, Segmentation By Satellite Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    16. UK Military Satellites Market

    16.1. UK Military Satellites Market, Segmentation By Satellite Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    17. Germany Military Satellites Market

    17.1. Germany Military Satellites Market, Segmentation By Satellite Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    18. France Military Satellites Market

    18.3. France Military Satellites Market, Segmentation By Satellite Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    19. Eastern Europe Military Satellites Market

    19.1. Eastern Europe Military Satellites Market Overview

    19.2. Eastern Europe Military Satellites Market, Segmentation By Satellite Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    20. Russia Military Satellites Market

    20.1. Russia Military Satellites Market, Segmentation By Satellite Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    21. North America Military Satellites Market

    21.1. North America Military Satellites Market Overview

    21.2. North America Military Satellites Market, Segmentation By Satellite Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    22. USA Military Satellites Market

    22.1. USA Military Satellites Market Overview

    22.2. USA Military Satellites Market, Segmentation By Satellite Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    23. South America Military Satellites Market

    23.1. South America Military Satellites Market Overview

    23.2. South America Military Satellites Market, Segmentation By Satellite Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    24. Brazil Military Satellites Market

    24.1. Brazil Military Satellites Market, Segmentation By Satellite Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    25. Middle East Military Satellites Market

    25.1. Middle East Military Satellites Market Overview

    25.2. Middle East Military Satellites Market, Segmentation By Satellite Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    26. Africa Military Satellites Market

    26.1. Africa Military Satellites Market Overview

    26.2. Africa Military Satellites Market, Segmentation By Satellite Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    27. Military Satellites Market Competitive Landscape And Company Profiles

    27.1. Military Satellites Market Competitive Landscape

    27.2. Military Satellites Market Company Profiles

    27.2.1. The Boeing Company

    27.2.1.1. Overview

    27.2.1.2. Products and Services

    27.2.1.3. Strategy

    27.2.1.4. Financial Performance

    27.2.2. Israel Aerospace Industries

    27.2.2.1. Overview

    27.2.2.2. Products and Services

    27.2.2.3. Strategy

    27.2.2.4. Financial Performance

    27.2.3. Northrop Grumman Corporation

    27.2.3.1. Overview

    27.2.3.2. Products and Services

    27.2.3.3. Strategy

    27.2.3.4. Financial Performance

    27.2.4. ISS-Reshetnev

    27.2.4.1. Overview

    27.2.4.2. Products and Services

    27.2.4.3. Strategy

    27.2.4.4. Financial Performance

    27.2.5. SpaceX

    27.2.5.1. Overview

    27.2.5.2. Products and Services

    27.2.5.3. Strategy

    27.2.5.4. Financial Performance

    29. Key Mergers And Acquisitions In The Military Satellites Market

    29. Military Satellites Market Future Outlook and Potential Analysis

    30. Appendix

    30.1. Abbreviations

    30.2. Currencies

    30.3. Historic And Forecast Inflation Rates

    30.4. Research Inquiries

    30.5. The Business Research Company

    30.6. Copyright And Disclaimer

List Of Tables

    Table 1: Global Historic Market Growth, 2017-2022, $ Billion
  • Table 2: Global Forecast Market Growth, 2022-2027F, 2032F, $ Billion
  • Table 3: Global Military Satellites Market, Segmentation By Satellite Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 4: Global Military Satellites Market, Segmentation By Payload Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 5: Global Military Satellites Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 6: Global Military Satellites Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 7: Global Military Satellites Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 8: Asia-Pacific, Military Satellites Market, Segmentation By Satellite Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 9: China, Military Satellites Market, Segmentation By Satellite Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 10: India, Military Satellites Market, Segmentation By Satellite Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 11: Japan, Military Satellites Market, Segmentation By Satellite Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 12: Australia, Military Satellites Market, Segmentation By Satellite Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 13: Indonesia, Military Satellites Market, Segmentation By Satellite Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 14: South Korea, Military Satellites Market, Segmentation By Satellite Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 15: Western Europe, Military Satellites Market, Segmentation By Satellite Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 16: UK, Military Satellites Market, Segmentation By Satellite Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 17: Germany, Military Satellites Market, Segmentation By Satellite Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 18: France, Military Satellites Market, Segmentation By Satellite Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 19: Eastern Europe, Military Satellites Market, Segmentation By Satellite Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 20: Russia, Military Satellites Market, Segmentation By Satellite Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 21: North America, Military Satellites Market, Segmentation By Satellite Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 22: USA, Military Satellites Market, Segmentation By Satellite Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 23: South America, Military Satellites Market, Segmentation By Satellite Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 24: Brazil, Military Satellites Market, Segmentation By Satellite Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 25: Middle East, Military Satellites Market, Segmentation By Satellite Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 26: Africa, Military Satellites Market, Segmentation By Satellite Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 27: The Boeing Company Financial Performance
  • Table 28: Israel Aerospace Industries Financial Performance
  • Table 29: Northrop Grumman Corporation Financial Performance
  • Table 30: ISS-Reshetnev Financial Performance
  • Table 31: SpaceX Financial Performance

List Of Figures

    Figure 1: Global Historic Market Growth, 2017-2022, $ Billion
  • Figure 2: Global Forecast Market Growth, 2022-2027F, 2032F, $ Billion
  • Figure 3: Global Military Satellites Market, Segmentation By Satellite Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 4: Global Military Satellites Market, Segmentation By Payload Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 5: Global Military Satellites Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 6: Global Military Satellites Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 7: Global Military Satellites Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 8: Asia-Pacific, Military Satellites Market, Segmentation By Satellite Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 9: China, Military Satellites Market, Segmentation By Satellite Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 10: India, Military Satellites Market, Segmentation By Satellite Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 11: Japan, Military Satellites Market, Segmentation By Satellite Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 12: Australia, Military Satellites Market, Segmentation By Satellite Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 13: Indonesia, Military Satellites Market, Segmentation By Satellite Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 14: South Korea, Military Satellites Market, Segmentation By Satellite Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 15: Western Europe, Military Satellites Market, Segmentation By Satellite Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 16: UK, Military Satellites Market, Segmentation By Satellite Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 17: Germany, Military Satellites Market, Segmentation By Satellite Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 18: France, Military Satellites Market, Segmentation By Satellite Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 19: Eastern Europe, Military Satellites Market, Segmentation By Satellite Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 20: Russia, Military Satellites Market, Segmentation By Satellite Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 21: North America, Military Satellites Market, Segmentation By Satellite Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 22: USA, Military Satellites Market, Segmentation By Satellite Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 23: South America, Military Satellites Market, Segmentation By Satellite Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 24: Brazil, Military Satellites Market, Segmentation By Satellite Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 25: Middle East, Military Satellites Market, Segmentation By Satellite Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 26: Africa, Military Satellites Market, Segmentation By Satellite Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 27: The Boeing Company Financial Performance
  • Figure 28: Israel Aerospace Industries Financial Performance
  • Figure 29: Northrop Grumman Corporation Financial Performance
  • Figure 30: ISS-Reshetnev Financial Performance
  • Figure 31: SpaceX Financial Performance
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