Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 36.99 Billion | USD 54.26 Billion | 4.35% | 2023 |
FrequentlyAsked Questions
Military satellites are artificially-made satellites that serve the specific purpose of military applications.
The global military satellite market is expected to grow due to the growing cases of cross-border terrorism and internal conflicts.
According to study, the global military satellite market size was worth around USD 36.99 billion in 2023 and is predicted to grow to around USD 54.26 billion by 2032
The CAGR value of military satellite market is expected to be around 4.35% during 2024-2032.
The global military satellite market is expected to witness high growth in Asia-Pacific during the forecast period.
The global military satellite market is led by players like General Dynamics Corporation, Mitsubishi Electric Corporation, BAE Systems plc, Boeing Company, Raytheon Technologies Corporation, Airbus Defence and Space, Space Systems/Loral (SSL), Ball Aerospace & Technologies Corp., Lockheed Martin Corporation, Israel Aerospace Industries (IAI), Northrop Grumman Corporation, Thales Group, Maxar Technologies Inc., L3Harris Technologies, Inc. and Kratos Defense & Security Solutions, Inc.
The report explores crucial aspects of the military satellite market including detailed discussion of existing growth factors and restraints while also browsing future growth opportunities and challenges that impact the market.
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