Military Satellite Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The report covers Global Military Satellite Market Analysis and it is Segmented by Orbit Type (Low Earth Orbit and Geosynchronous Orbit), Satellite Type (Small Satellite and Large Satellite), Application (ISR, Communication, and Navigation), and Geography (North America, Europe, Asia-Pacific, Latin America, and Middle-East and Africa). The report offers market size and forecasts by value (USD million) for all the above segments.

INSTANT ACCESS

Home Market Analysis Aerospace & Defense Research Space Research Satellite Research Military Satellite Industry

Military Satellite Market Size

Military Satellite Market Summary
share button
svg icon Study Period 2017 - 2029
svg icon Market Size (2024) USD 31.97 Billion
svg icon Market Size (2029) USD 53.85 Billion
svg icon Largest Share by Orbit Class LEO
svg icon CAGR (2024 - 2029) 10.99 %
svg icon Largest Share by Region Asia-Pacific

Major Players

Military Satellite Market Major Players

*Disclaimer: Major Players sorted in no particular order

Key Players

Compare market size and growth of Military Satellite Market with other markets in Aerospace & Defense Industry

Defense

Airport Operations

Aviation

Aerospace & Defense Technology

Air Taxi

Aircraft Parts

WHY BUY FROM US?

1. CRISP & INSIGHTFUL
2. TRUE BOTTOM-UP
3. EXHAUSTIVENESS
4. TRANSPARENCY
5. CONVENIENCE
KNOW MORE

Military Satellite Market Analysis

The Military Satellite Market size is estimated at USD 31.97 billion in 2024, and is expected to reach USD 53.85 billion by 2029, growing at a CAGR of 10.99% during the forecast period (2024-2029).

31.97 Billion

Market Size in 2024 (USD)

53.85 Billion

Market Size in 2029 (USD)

4.24 %

CAGR (2017-2023)

10.99 %

CAGR (2024-2029)

Largest Market by Satellite Mass

68.18 %

value share, above 1000kg, 2022

Icon image

Large satellites register higher demand due to applications such as satellite radio, communications, remote sensing, planetary security, and weather forecasting.

Largest Market by Satellite Subsystem

80.28 %

value share, Propulsion Hardware and Propellant, 2022

The demand for these propulsion systems is driven by the launch of mass satellite constellations into space. They are used for transferring the spacecraft into orbit.

Largest Market by Orbit Class

84.81 %

value share, LEO, 2022

Icon image

LEO satellites are increasingly being adopted in modern communication technologies. These satellites serve an important role in Earth observation applications.

Largest Market by Application

83.28 %

value share, Earth Observation, 2022

Icon image

Earth observation satellites are used for weather forecasting, forestry mapping, and pollution monitoring. The growing adoption of VAS by private companies and organizations is expected to fuel the growth of satellite-based Earth observation.

Leading Market Player

46.72 %

market share, Lockheed Martin Corporation, 2022

Icon image

Lockheed Martin is the second leading player in the market and has a strong product portfolio for military satellites. The company's civil and military customers include USAF, the US Navy, DARPA, NASA, and NOAA.

Faster relay of communication is driving the LEO segment to occupy a major share of 84.8% in 2023

  • A satellite or a spacecraft is usually placed into one of many special orbits around the Earth, or it can be launched into an interplanetary journey based on its intended application. Out of the three orbits, namely low Earth orbit (LEO), geostationary orbit (GEO), and medium Earth orbit (MEO), the LEO orbit is the most widely preferred one because of its proximity to the Earth.
  • Many weather and communication satellites tend to have high Earth orbits, which are farthest from the surface. Satellites in mean (medium) Earth orbit include navigational and specialized satellites designed to monitor a specific area. Each distance has benefits and challenges, including increased coverage and decreased energy efficiency. Most science satellites, including NASA's Earth Observation System team, are in low Earth orbit.
  • During 2017-2022, out of the 57 satellites launched in the MEO orbit, most were built for navigation/global positioning purposes. Similarly, out of the 147 satellites in the GEO orbit, most were deployed for communication and Earth observation purposes. Around 4,131 LEO satellites manufactured and launched were owned by North American organizations in that period.
  • The increasing use of satellites in areas such as electronics intelligence, Earth science/meteorology, laser imaging, and optical imaging is expected to drive the demand for the development of satellites during the forecast period.
Global Military Satellite Market

The surge in the number of defense satellites globally is expected to aid the military satellites market

  • The global defense expenditure crossed over USD 2 trillion in 2022, with the major military power, the United States, surging its defense expenditure by USD 773 billion. The increasing importance of the US Space Force is due to it taking over the operation of all military satellite communications satellites. The US armed forces are integrating space systems with air, land, and sea platforms as military forces increasingly rely on satellites for operations.
  • The United States was followed by China, India, Russia, and the United Kingdom, which also increased their defense expenditures by 14%, 5%, 6.8%, and 13%, respectively. The major defense players have well-established budgets for their defense satellite domain. For instance, in March 2022, France's Armed Forces Ministry planned to spend USD 706 million in the space domain and earmarked EUR 5.3 billion on military space capabilities and services during 2019-2025.
  • The market is witnessing the entry of private players spending huge amounts on R&D to exploit new opportunities in the industry. Companies in North America have emphasized developing new satellite buses in the military satellite market. For instance, in January 2023, Lockheed Martin's first multi-mission spacecraft, the LM 400, is a flexible mid-sized satellite adaptable for military users, readied from the company's Digital Factory production line and scheduled for launch in 2023. During 2017-2022, around 230+ satellites manufactured and launched were owned by military and government organizations in North America. High military budget spending and technology development are expected to drive the North American market at a healthy growth rate, amounting to 91%, during 2023-2029.

Global Military Satellite Market Trends

Rising demand for satellite miniaturization globally is driving market growth

  • The ability of small satellites to perform nearly all the functions of traditional satellites at a fraction of their cost has increased the viability of building, launching, and operating small satellite constellations. The demand from North America is primarily driven by the United States, which manufactures the largest number of small satellites each year. In North America, during 2017-2022, a total of 596 nanosatellites were placed into orbit by various regional players. NASA is also currently involved in several projects aimed at developing these satellites.
  • The market demand in Europe is primarily driven by Germany, France, Russia, and the United Kingdom, which manufacture the largest number of small satellites each year. During 2017-2022, more than 50 nano and microsatellites were placed into orbit by various regional players. The miniaturization and commercialization of electronic components and systems have driven market participation, resulting in the emergence of new market players who aim to capitalize on and enhance the current market scenario. For instance, UK-based startup Open Cosmos partnered with ESA to provide commercial nanosatellite launch services to end users while ensuring competitive cost savings of around 90%.
  • The demand from Asia-Pacific is primarily driven by China, Japan, and India, which manufacture the largest number of small satellites annually. During 2017-2022, more than 190 nano and microsatellites were placed into orbit by various regional players. China is investing significant resources toward augmenting its space-based capabilities. The country has launched the most significant number of nano and microsatellites in Asia-Pacific to date.
Global Military Satellite Market

The surge in investment opportunities is expected to boost the global satellite manufacturing market

  • In North America, global government expenditure for space programs reached a record of approximately USD 103 billion in 2021. The region is the epicenter of space innovation and research, with the presence of the world's biggest space agency, NASA. In 2022, the US government spent nearly USD 62 billion on its space programs, making it the highest spender on space programs in the world. In the United States, federal agencies receive aid from Congress every year, known as funding, NASA received USD 32.33 billion in 2023 for its subsidiaries.
  • European countries are recognizing the importance of various investments in the space domain and are increasing their spending on innovative activities to remain competitive in the global space industry. In November 2022, ESA announced that it had proposed a 25% boost in space funding over the next three years designed to maintain Europe's lead in Earth observation, expand navigation services, and remain a partner in space exploration with the United States. The European Space Agency (ESA) is asking its 22 nations to back a budget of some EUR 18.5 billion for 2023-2025. Germany, France, and Italy are the major contributors.
  • In line with the increase in space-related activities in the Asia-Pacific region, in 2022, Japan’s draft budget registered a rise in its space budget, which amounted to over USD 1.4 billion. It included the development of the H3 rocket, Engineering Test Satellite-9, and the nation's Information Gathering Satellite (IGS) program. Similarly, the proposed budget for India's space programs for FY22 was USD 1.83 billion. In 2022, the South Korean Ministry of Science and ICT announced a space budget of USD 619 million for manufacturing satellites, rockets, and other key space equipment.
Global Military Satellite Market

OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT

  • Increased adoption of nano and minisatellites are poised to generate market demand

Military Satellite Industry Overview

The Military Satellite Market is fairly consolidated, with the top five companies occupying 85.32%. The major players in this market are China Aerospace Science and Technology Corporation (CASC), Lockheed Martin Corporation, Raytheon Technologies Corporation, ROSCOSMOS and Thales (sorted alphabetically).

Military Satellite Market Leaders

  1. China Aerospace Science and Technology Corporation (CASC)

  2. Lockheed Martin Corporation

  3. Raytheon Technologies Corporation

  4. ROSCOSMOS

  5. Thales

Military Satellite Market Concentration

Other important companies include Airbus SE, BAE Systems, Elbit Systems, General Dynamics, Indian Space Research Organisation (ISRO), Information Satellite Systems Reshetnev, Viasat, Inc..

*Disclaimer: Major Players sorted in alphabetical order.

Need More Details on Market Players and Competitors?
Download PDF

Military Satellite Market News

  • February 2023: Blue Canyon Technologies LLC, a subsidiary of Raytheon Technologies, provided critical hardware components for several of the SmallSat missions aboard the Transporter-6 launch that pitched 114 small payloads into polar orbit.
  • February 2023: Blue Canyon Technologies LLC, a subsidiary of Raytheon Technologies, provided critical hardware components for several of the smallsat missions aboard the Transporter-6 launch, which pitched 114 small payloads into polar orbit.
  • January 2023: Raytheon Intelligence & Space was awarded a major contract to develop a prototype missile tracking system for the US Space Force. MTC is the service's first missile tracking system for medium earth orbit. Under this contract, Raytheon Intelligence & Space will act as the main contractor, developing and delivering a state-of-the-art space vehicle, missile tracking mission payload, and command and control elements for ground and data processing missions.

Free with this Report

We offer a comprehensive set of global and local metrics that illustrate the fundamentals of the satellites industry. Clients can access in-depth market analysis of various satellites and launch vehicles through granular level segmental information supported by a repository of market data, trends, and expert analysis. Data and analysis on satellite launches, satellite mass, application of satellites, spending on space programs, propulsion systems, end users, etc., are available in the form of comprehensive reports as well as excel based data worksheets.

Military Satellite Market
Military Satellite Market
Military Satellite Market
Military Satellite Market

Military Satellite Market Report - Table of Contents

1. EXECUTIVE SUMMARY & KEY FINDINGS

2. REPORT OFFERS

3. INTRODUCTION

  • 3.1 Study Assumptions & Market Definition
  • 3.2 Scope of the Study
  • 3.3 Research Methodology

4. KEY INDUSTRY TRENDS

  • 4.1 Satellite Miniaturization
  • 4.2 Satellite Mass
  • 4.3 Spending On Space Programs
  • 4.4 Regulatory Framework
    • 4.4.1 Global
    • 4.4.2 Australia
    • 4.4.3 Brazil
    • 4.4.4 Canada
    • 4.4.5 China
    • 4.4.6 France
    • 4.4.7 Germany
    • 4.4.8 India
    • 4.4.9 Iran
    • 4.4.10 Japan
    • 4.4.11 New Zealand
    • 4.4.12 Russia
    • 4.4.13 Singapore
    • 4.4.14 South Korea
    • 4.4.15 United Arab Emirates
    • 4.4.16 United Kingdom
    • 4.4.17 United States
  • 4.5 Value Chain & Distribution Channel Analysis

5. MARKET SEGMENTATION (includes market size in Value in USD, Forecasts up to 2029 and analysis of growth prospects)

  • 5.1 Satellite Mass
    • 5.1.1 10-100kg
    • 5.1.2 100-500kg
    • 5.1.3 500-1000kg
    • 5.1.4 Below 10 Kg
    • 5.1.5 above 1000kg
  • 5.2 Orbit Class
    • 5.2.1 GEO
    • 5.2.2 LEO
    • 5.2.3 MEO
  • 5.3 Satellite Subsystem
    • 5.3.1 Propulsion Hardware and Propellant
    • 5.3.2 Satellite Bus & Subsystems
    • 5.3.3 Solar Array & Power Hardware
    • 5.3.4 Structures, Harness & Mechanisms
  • 5.4 Application
    • 5.4.1 Communication
    • 5.4.2 Earth Observation
    • 5.4.3 Navigation
    • 5.4.4 Space Observation
    • 5.4.5 Others
  • 5.5 Region
    • 5.5.1 Asia-Pacific
    • 5.5.2 Europe
    • 5.5.3 North America
    • 5.5.4 Rest of World

6. COMPETITIVE LANDSCAPE

  • 6.1 Key Strategic Moves
  • 6.2 Market Share Analysis
  • 6.3 Company Landscape
  • 6.4 Company Profiles (includes Global Level Overview, Market Level Overview, Core Business Segments, Financials, Headcount, Key Information, Market Rank, Market Share, Products and Services, and Analysis of Recent Developments).
    • 6.4.1 Airbus SE
    • 6.4.2 BAE Systems
    • 6.4.3 China Aerospace Science and Technology Corporation (CASC)
    • 6.4.4 Elbit Systems
    • 6.4.5 General Dynamics
    • 6.4.6 Indian Space Research Organisation (ISRO)
    • 6.4.7 Information Satellite Systems Reshetnev
    • 6.4.8 Lockheed Martin Corporation
    • 6.4.9 Raytheon Technologies Corporation
    • 6.4.10 ROSCOSMOS
    • 6.4.11 Thales
    • 6.4.12 Viasat, Inc.

7. KEY STRATEGIC QUESTIONS FOR SATELLITE CEOS

8. APPENDIX

  • 8.1 Global Overview
    • 8.1.1 Overview
    • 8.1.2 Porter's Five Forces Framework
    • 8.1.3 Global Value Chain Analysis
    • 8.1.4 Market Dynamics (DROs)
  • 8.2 Sources & References
  • 8.3 List of Tables & Figures
  • 8.4 Primary Insights
  • 8.5 Data Pack
  • 8.6 Glossary of Terms
** Subject To Availablity

List of Tables & Figures

  1. Figure 1:  
  2. MINIATURE SATELLITES (BELOW 10KG), NUMBER OF LAUNCHES, GLOBAL, 2017 - 2022
  1. Figure 2:  
  2. SATELLITE MASS (ABOVE 10KG) GLOBALLY, NUMBER OF SATELLITES LAUNCHED, GLOBAL, 2017 - 2022
  1. Figure 3:  
  2. SPENDING ON SPACE PROGRAMS GLOBALLY, USD, GLOBAL, 2017 - 2022
  1. Figure 4:  
  2. GLOBAL MILITARY SATELLITE MARKET, VALUE, USD, 2017 - 2029
  1. Figure 5:  
  2. VALUE OF MILITARY SATELLITE MARKET BY SATELLITE MASS, USD, GLOBAL, 2017 - 2029
  1. Figure 6:  
  2. VALUE SHARE OF MILITARY SATELLITE MARKET BY SATELLITE MASS, %, GLOBAL, 2017 VS 2023 VS 2029
  1. Figure 7:  
  2. VALUE OF 10-100KG MARKET, USD, GLOBAL, 2017 - 2029
  1. Figure 8:  
  2. VALUE OF 100-500KG MARKET, USD, GLOBAL, 2017 - 2029
  1. Figure 9:  
  2. VALUE OF 500-1000KG MARKET, USD, GLOBAL, 2017 - 2029
  1. Figure 10:  
  2. VALUE OF BELOW 10 KG MARKET, USD, GLOBAL, 2017 - 2029
  1. Figure 11:  
  2. VALUE OF ABOVE 1000KG MARKET, USD, GLOBAL, 2017 - 2029
  1. Figure 12:  
  2. VALUE OF MILITARY SATELLITE MARKET BY ORBIT CLASS, USD, GLOBAL, 2017 - 2029
  1. Figure 13:  
  2. VALUE SHARE OF MILITARY SATELLITE MARKET BY ORBIT CLASS, %, GLOBAL, 2017 VS 2023 VS 2029
  1. Figure 14:  
  2. VALUE OF GEO MARKET, USD, GLOBAL, 2017 - 2029
  1. Figure 15:  
  2. VALUE OF LEO MARKET, USD, GLOBAL, 2017 - 2029
  1. Figure 16:  
  2. VALUE OF MEO MARKET, USD, GLOBAL, 2017 - 2029
  1. Figure 17:  
  2. VALUE OF MILITARY SATELLITE MARKET BY SATELLITE SUBSYSTEM, USD, GLOBAL, 2017 - 2029
  1. Figure 18:  
  2. VALUE SHARE OF MILITARY SATELLITE MARKET BY SATELLITE SUBSYSTEM, %, GLOBAL, 2017 VS 2023 VS 2029
  1. Figure 19:  
  2. VALUE OF PROPULSION HARDWARE AND PROPELLANT MARKET, USD, GLOBAL, 2017 - 2029
  1. Figure 20:  
  2. VALUE OF SATELLITE BUS & SUBSYSTEMS MARKET, USD, GLOBAL, 2017 - 2029
  1. Figure 21:  
  2. VALUE OF SOLAR ARRAY & POWER HARDWARE MARKET, USD, GLOBAL, 2017 - 2029
  1. Figure 22:  
  2. VALUE OF STRUCTURES, HARNESS & MECHANISMS MARKET, USD, GLOBAL, 2017 - 2029
  1. Figure 23:  
  2. VALUE OF MILITARY SATELLITE MARKET BY APPLICATION, USD, GLOBAL, 2017 - 2029
  1. Figure 24:  
  2. VALUE SHARE OF MILITARY SATELLITE MARKET BY APPLICATION, %, GLOBAL, 2017 VS 2023 VS 2029
  1. Figure 25:  
  2. VALUE OF COMMUNICATION MARKET, USD, GLOBAL, 2017 - 2029
  1. Figure 26:  
  2. VALUE OF EARTH OBSERVATION MARKET, USD, GLOBAL, 2017 - 2029
  1. Figure 27:  
  2. VALUE OF NAVIGATION MARKET, USD, GLOBAL, 2017 - 2029
  1. Figure 28:  
  2. VALUE OF SPACE OBSERVATION MARKET, USD, GLOBAL, 2017 - 2029
  1. Figure 29:  
  2. VALUE OF OTHERS MARKET, USD, GLOBAL, 2017 - 2029
  1. Figure 30:  
  2. VALUE OF MILITARY SATELLITE MARKET BY REGION, USD, GLOBAL, 2017 - 2029
  1. Figure 31:  
  2. VALUE SHARE OF MILITARY SATELLITE MARKET BY REGION, %, GLOBAL, 2017 VS 2023 VS 2029
  1. Figure 32:  
  2. VALUE OF MILITARY SATELLITE MARKET, USD, ASIA-PACIFIC, 2017 - 2029
  1. Figure 33:  
  2. VALUE SHARE OF MILITARY SATELLITE MARKET BY APPLICATION, %, ASIA-PACIFIC, 2017 - 2029
  1. Figure 34:  
  2. VALUE OF MILITARY SATELLITE MARKET, USD, EUROPE, 2017 - 2029
  1. Figure 35:  
  2. VALUE SHARE OF MILITARY SATELLITE MARKET BY APPLICATION, %, EUROPE, 2017 - 2029
  1. Figure 36:  
  2. VALUE OF MILITARY SATELLITE MARKET, USD, NORTH AMERICA, 2017 - 2029
  1. Figure 37:  
  2. VALUE SHARE OF MILITARY SATELLITE MARKET BY APPLICATION, %, NORTH AMERICA, 2017 - 2029
  1. Figure 38:  
  2. VALUE OF MILITARY SATELLITE MARKET, USD, REST OF WORLD, 2017 - 2029
  1. Figure 39:  
  2. VALUE SHARE OF MILITARY SATELLITE MARKET BY APPLICATION, %, REST OF WORLD, 2017 - 2029
  1. Figure 40:  
  2. NUMBER OF STRATEGIC MOVES OF MOST ACTIVE COMPANIES, GLOBAL MILITARY SATELLITE MARKET, ALL, 2017 - 2029
  1. Figure 41:  
  2. TOTAL NUMBER OF STRATEGIC MOVES OF COMPANIES, GLOBAL MILITARY SATELLITE MARKET, ALL, 2017 - 2029
  1. Figure 42:  
  2. MARKET SHARE OF GLOBAL MILITARY SATELLITE MARKET, %, ALL, 2022

Military Satellite Industry Segmentation

10-100kg, 100-500kg, 500-1000kg, Below 10 Kg, above 1000kg are covered as segments by Satellite Mass. GEO, LEO, MEO are covered as segments by Orbit Class. Propulsion Hardware and Propellant, Satellite Bus & Subsystems, Solar Array & Power Hardware, Structures, Harness & Mechanisms are covered as segments by Satellite Subsystem. Communication, Earth Observation, Navigation, Space Observation, Others are covered as segments by Application. Asia-Pacific, Europe, North America are covered as segments by Region.

  • A satellite or a spacecraft is usually placed into one of many special orbits around the Earth, or it can be launched into an interplanetary journey based on its intended application. Out of the three orbits, namely low Earth orbit (LEO), geostationary orbit (GEO), and medium Earth orbit (MEO), the LEO orbit is the most widely preferred one because of its proximity to the Earth.
  • Many weather and communication satellites tend to have high Earth orbits, which are farthest from the surface. Satellites in mean (medium) Earth orbit include navigational and specialized satellites designed to monitor a specific area. Each distance has benefits and challenges, including increased coverage and decreased energy efficiency. Most science satellites, including NASA's Earth Observation System team, are in low Earth orbit.
  • During 2017-2022, out of the 57 satellites launched in the MEO orbit, most were built for navigation/global positioning purposes. Similarly, out of the 147 satellites in the GEO orbit, most were deployed for communication and Earth observation purposes. Around 4,131 LEO satellites manufactured and launched were owned by North American organizations in that period.
  • The increasing use of satellites in areas such as electronics intelligence, Earth science/meteorology, laser imaging, and optical imaging is expected to drive the demand for the development of satellites during the forecast period.
Satellite Mass 10-100kg
100-500kg
500-1000kg
Below 10 Kg
above 1000kg
Orbit Class GEO
LEO
MEO
Satellite Subsystem Propulsion Hardware and Propellant
Satellite Bus & Subsystems
Solar Array & Power Hardware
Structures, Harness & Mechanisms
Application Communication
Earth Observation
Navigation
Space Observation
Others
Region Asia-Pacific
Europe
North America
Rest of World
Need A Different Region Or Segment?
Customize Now

Market Definition

  • Application - Various applications or purposes of the satellites are classified into communication, earth observation, space observation, navigation, and others. The purposes listed are those self-reported by the satellite’s operator.
  • End User - The primary users or end users of the satellite is described as civil (academic, amateur), commercial, government (meteorological, scientific, etc.), military. Satellites can be multi-use, for both commercial and military applications.
  • Launch Vehicle MTOW - The launch vehicle MTOW (maximum take-off weight) means the maximum weight of the launch vehicle during take-off, including the weight of payload, equipment and fuel.
  • Orbit Class - The satellite orbits are divided into three broad classes namely GEO, LEO, and MEO. Satellites in elliptical orbits have apogees and perigees that differ significantly from each other and categorized satellite orbits with eccentricity 0.14 and higher as elliptical.
  • Propulsion tech - Under this segment, different types of satellite propulsion systems have been classified as electric, liquid-fuel and gas-based propulsion systems.
  • Satellite Mass - Under this segment, different types of satellite propulsion systems have been classified as electric, liquid-fuel and gas-based propulsion systems.
  • Satellite Subsystem - All the components and subsystems which includes propellants, buses, solar panels, other hardware of satellites are included under this segment.
Keyword Definition
Attitude Control The orientation of the satellite relative to the Earth and the sun.
INTELSAT The International Telecommunications Satellite Organization operates a network of satellites for international transmission.
Geostationary Earth Orbit (GEO) Geostationary satellites in Earth orbit 35,786 km (22,282 mi) above the equator in the same direction and at the same speed as the earth rotates on its axis, making them appear fixed in the sky.
Low Earth Orbit (LEO) Low Earth Orbit satellites orbit from 160-2000km above the earth, take approximately 1.5 hours for a full orbit and only cover a portion of the earth’s surface.
Medium Earth Orbit (MEO) MEO satellites are located above LEO and below GEO satellites and typically travel in an elliptical orbit over the North and South Pole or in an equatorial orbit.
Very Small Aperture Terminal (VSAT) Very Small Aperture Terminal is an antenna that is typically less than 3 meters in diameter
CubeSat CubeSat is a class of miniature satellites based on a form factor consisting of 10 cm cubes. CubeSats weigh no more than 2 kg per unit and typically use commercially available components for their construction and electronics. 
Small Satellite Launch Vehicles (SSLVs) Small Satellite Launch Vehicle (SSLV) is a three-stage Launch Vehicle configured with three Solid Propulsion Stages and a liquid propulsion-based Velocity Trimming Module (VTM) as a terminal stage
Space Mining Asteroid mining is the hypothesis of extracting material from asteroids and other asteroids, including near-Earth objects.
Nano Satellites Nanosatellites are loosely defined as any satellite weighing less than 10 kilograms.
Automatic Identification System (AIS) Automatic identification system (AIS) is an automatic tracking system used to identify and locate ships by exchanging electronic data with other nearby ships, AIS base stations, and satellites. Satellite AIS (S-AIS) is the term used to describe when a satellite is used to detect AIS signatures.
Reusable launch vehicles (RLVs) Reusable launch vehicle (RLV) means a launch vehicle that is designed to return to Earth substantially intact and therefore may be launched more than one time or that contains vehicle stages that may be recovered by a launch operator for future use in the operation of a substantially similar launch vehicle.
Apogee The point in an elliptical satellite orbit which is farthest from the surface of the earth. Geosynchronous satellites which maintain circular orbits around the earth are first launched into highly elliptical orbits with apogees of 22,237 miles.
Need More Details on Market Definition?
Ask a Question

Research Methodology

Mordor Intelligence follows a four-step methodology in all our reports.

  • Step-1: Identify Key Variables: In order to build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built on the basis of these variables.
  • Step-2: Build a Market Model: Market-size estimations for the historical and forecast years have been provided in revenue and volume terms. For sales conversion to volume, the average selling price (ASP) is kept constant throughout the forecast period for each country, and inflation is not a part of the pricing.
  • Step-3: Validate and Finalize: In this important step, all market numbers, variables and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
  • Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms.
research-methodology
Get More Details On Research Methodology
Download PDF
close-icon
80% of our clients seek made-to-order reports. How do you want us to tailor yours?

Please enter a valid email id!

Please enter a valid message!

WHY BUY FROM US?
card-img
01. Crisp, insightful analysis
Our focus is NOT on word count. We present only the key trends impacting the market so you don’t waste time finding a needle in the haystack.
card-img
02. True Bottom-Up Approach
We study the industry, not just the market. Our bottom-up approach ensures we have a broad and deep understanding of the forces that shape the industry.
card-img
03. Exhaustive Data
Tracking a million data points on the satellite industry. Our constant market tracking covers over 1 million+ data points spanning 45 countries and over 150 companies just for the satellite industry.
card-img
04. Transparency
Know where your data comes from. Most market reports today hide the sources used behind the veil of a proprietary model. We proudly present them so you can trust our information.
card-img
05. Convenience
Tables belong in spreadsheets. Like you, we also believe that spreadsheets are better suited for data evaluation. We don't clutter our reports with data tables. We provide an excel document with each report that contains all the data used to analyze the market.

Military Satellite Market Research FAQs

The Military Satellite Market size is expected to reach USD 31.97 billion in 2024 and grow at a CAGR of 10.99% to reach USD 53.85 billion by 2029.

In 2024, the Military Satellite Market size is expected to reach USD 31.97 billion.

China Aerospace Science and Technology Corporation (CASC), Lockheed Martin Corporation, Raytheon Technologies Corporation, ROSCOSMOS and Thales are the major companies operating in the Military Satellite Market.

In the Military Satellite Market, the LEO segment accounts for the largest share by orbit class.

In 2024, Asia-Pacific accounts for the largest share by region in the Military Satellite Market.

In 2023, the Military Satellite Market size was estimated at USD 28.21 billion. The report covers the Military Satellite Market historical market size for years: 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Military Satellite Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Military Satellite Industry Report

Statistics for the 2024 Military Satellite market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Military Satellite analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

Military Satellite Market Report Snapshots

Military Satellite Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

v