North America Military Satellite Market Size
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Study Period | 2017 - 2029 |
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Market Size (2024) | USD 8.12 Billion |
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Market Size (2029) | USD 12.41 Billion |
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Largest Share by Orbit Class | LEO |
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CAGR (2024 - 2029) | 8.85 % |
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Largest Share by Country | United States |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
North America Military Satellite Market Analysis
The North America Military Satellite Market size is estimated at USD 8.12 billion in 2024, and is expected to reach USD 12.41 billion by 2029, growing at a CAGR of 8.85% during the forecast period (2024-2029).
8.12 Billion
Market Size in 2024 (USD)
12.41 Billion
Market Size in 2029 (USD)
-4.84 %
CAGR (2017-2023)
8.85 %
CAGR (2024-2029)
Largest Market by Satellite Mass
68.18 %
value share, above 1000kg, 2022
Large satellites have a higher demand owing to their 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 to the orbit.
Largest Market by Orbit Class
84.81 %
value share, LEO, 2022
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
Earth observation satellites are used for weather forecasting, forestry mapping, and pollution monitoring. The growing adoption of VAS by private companies and organizations is likely to fuel the growth of satellite-based Earth observation.
Leading Market Player
90.01 %
market share, Lockheed Martin Corporation, 2022
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.
LEO satellites are driving demand in the North America satellite market
- At launch, a satellite or spacecraft is usually placed into one of many special orbits around the Earth, or it can be launched into an interplanetary journey. Satellites orbit the Earth at varying distances depending on their design and primary purpose. Each distance has its own benefits and challenges, including increased coverage and decreased energy efficiency. Satellites in mean (medium) Earth orbit include navigational and specialized satellites designed to monitor a specific area. Most science satellites, including NASA's Earth Observation System team, are in low Earth orbit.
- The different satellites manufactured and launched in this region have different applications. For instance, during 2017-2022, 180+ satellites were manufactured and launched, operated by North American countries' military and governments.
- The growing use of satellites in areas such as electronic intelligence, Earth science/meteorology, laser imaging, optical imaging, and meteorology is expected to drive space sensor demand in the North American military satellite market during the forecast period. Owing to these factors, the market is expected to grow by 70% during the forecast period (2023-2029). The LEO satellite segment is expected to dominate the market with more than a 75% share.
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North America Military Satellite Market Trends
Growing demand for nano and microsatellites is expected
- The ability of small satellites to perform nearly all of the functions of a traditional satellite at a fraction of the cost of a traditional satellite has increased the viability of building, launching, and operating small satellite constellations. During 2017-2022, various players in the region placed a total of 459 nanosatellites into orbit.
- The demand from North America is primarily driven by the United States, which manufactures the largest number of small satellites annually. Although the launches from the country have decreased over the last three years, the country’s industry holds enormous potential. Ongoing investments in start-ups and nano and microsatellite development projects are expected to boost the revenue growth of the region.
- Currently, NASA is involved in several projects aimed at developing these satellites. NASA is currently using CubeSats for conducting advanced exploration and demonstrating newly emerging technologies for conducting scientific research and educational investigations.
- In March 2020, the Canadian Armed Forces awarded a contract to Elbit Systems to supply satellite communication services to mobile units as part of the Land Command Support System Life Extension program (LCSS LE) program. The deal involves triple-band ELSAT 2100 SATCOM on-the-move (SOTM) systems that aid in real-time broadband communications for mobile military units. The 2100-ELSAT SOTM systems will enable the Canadian Armed Forces to maintain long-range voice and data connectivity between mobile command vehicles, liaison elements, high-priority sensor vehicles, and tactical headquarters or command posts.
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Increasing defense spending drives the demand for military satellites in North America
- In North America, government expenditure for space programs hit a record of approximately USD 24.8 billion in 2022. The region is the epicenter of space innovation and research, with the presence of the world's biggest space agency, NASA. The US government's spending on its space programs makes the country as a highest spender on the development of satellites across the world. Regarding research and investment grants, the region's governments and the private sector have dedicated funds for research and innovation in the space industry. Agencies spend available budgetary resources by making financial promises called obligations. For instance, till February 2023, the National Aeronautics and Space Administration (NASA) had distributed USD 333 million as research grants.
- In October 2020, the Space Development Agency (SDA) awarded a USD 149 million contract to SpaceX to design, manufacture, and launch a new military satellite capable of tracking and providing early warnings of hypersonic missile launches. A similar contract worth USD 193 million was also awarded to L3Harris during the same timeframe. Eight satellites are scheduled to be manufactured by both companies and are meant to be the first crucial part of the SDA's Tracking Layer Tranche 0, designed to provide missile tracking for the Department of Defense from space using infrared sensors. Apart from the United States, the Canadian space industry adds USD 2.3 billion to the Canadian GDP and employs 10,000 people, according to the Canadian government. The government reports that 90% of Canadian space firms are small- and medium-sized businesses. The Canadian Space Agency's (CSA) budget is modest, and the estimated budgetary spending for 2022-23 was USD 329 million.
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OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- The United States is driving the demand in the market
North America Military Satellite Industry Overview
The North America Military Satellite Market is fairly consolidated, with the top five companies occupying 91.08%. The major players in this market are Ball Corporation, Lockheed Martin Corporation, Northrop Grumman Corporation, Raytheon Technologies Corporation and The Boeing Company (sorted alphabetically).
North America Military Satellite Market Leaders
Ball Corporation
Lockheed Martin Corporation
Northrop Grumman Corporation
Raytheon Technologies Corporation
The Boeing Company
Other important companies include Cesium Astro.
*Disclaimer: Major Players sorted in alphabetical order.
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North America Military Satellite Market News
- November 2023: Ball Aerospace was selected by the US Air Force's Space and Missile Systems Center (SMC) to deliver the next-generation operational environmental satellite system, Weather System Follow-on - Microwave (WSF-M), for the Department of Defense (DoD).
- 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.
- 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.
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North America 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
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4.4 Regulatory Framework
- 4.4.1 Canada
- 4.4.2 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)
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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
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5.2 Orbit Class
- 5.2.1 GEO
- 5.2.2 LEO
- 5.2.3 MEO
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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
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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
6. COMPETITIVE LANDSCAPE
- 6.1 Key Strategic Moves
- 6.2 Market Share Analysis
- 6.3 Company Landscape
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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 Ball Corporation
- 6.4.2 Cesium Astro
- 6.4.3 Lockheed Martin Corporation
- 6.4.4 Northrop Grumman Corporation
- 6.4.5 Raytheon Technologies Corporation
- 6.4.6 The Boeing Company
7. KEY STRATEGIC QUESTIONS FOR SATELLITE CEOS
8. APPENDIX
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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
List of Tables & Figures
- Figure 1:
- MINIATURE SATELLITES (BELOW 10KG), NUMBER OF LAUNCHES, NORTH AMERICA, 2017 - 2022
- Figure 2:
- SATELLITE MASS (ABOVE 10KG) BY REGION, NUMBER OF SATELLITES LAUNCHED, NORTH AMERICA, 2017 - 2022
- Figure 3:
- SPENDING ON SPACE PROGRAMS BY REGION, USD, NORTH AMERICA, 2017 - 2022
- Figure 4:
- NORTH AMERICA MILITARY SATELLITE MARKET, VALUE, USD, 2017 - 2029
- Figure 5:
- VALUE OF MILITARY SATELLITE MARKET BY SATELLITE MASS, USD, NORTH AMERICA, 2017 - 2029
- Figure 6:
- VALUE SHARE OF MILITARY SATELLITE MARKET BY SATELLITE MASS, %, NORTH AMERICA, 2017 VS 2023 VS 2029
- Figure 7:
- VALUE OF 10-100KG MARKET, USD, NORTH AMERICA, 2017 - 2029
- Figure 8:
- VALUE OF 100-500KG MARKET, USD, NORTH AMERICA, 2017 - 2029
- Figure 9:
- VALUE OF 500-1000KG MARKET, USD, NORTH AMERICA, 2017 - 2029
- Figure 10:
- VALUE OF BELOW 10 KG MARKET, USD, NORTH AMERICA, 2017 - 2029
- Figure 11:
- VALUE OF ABOVE 1000KG MARKET, USD, NORTH AMERICA, 2017 - 2029
- Figure 12:
- VALUE OF MILITARY SATELLITE MARKET BY ORBIT CLASS, USD, NORTH AMERICA, 2017 - 2029
- Figure 13:
- VALUE SHARE OF MILITARY SATELLITE MARKET BY ORBIT CLASS, %, NORTH AMERICA, 2017 VS 2023 VS 2029
- Figure 14:
- VALUE OF GEO MARKET, USD, NORTH AMERICA, 2017 - 2029
- Figure 15:
- VALUE OF LEO MARKET, USD, NORTH AMERICA, 2017 - 2029
- Figure 16:
- VALUE OF MEO MARKET, USD, NORTH AMERICA, 2017 - 2029
- Figure 17:
- VALUE OF MILITARY SATELLITE MARKET BY SATELLITE SUBSYSTEM, USD, NORTH AMERICA, 2017 - 2029
- Figure 18:
- VALUE SHARE OF MILITARY SATELLITE MARKET BY SATELLITE SUBSYSTEM, %, NORTH AMERICA, 2017 VS 2023 VS 2029
- Figure 19:
- VALUE OF PROPULSION HARDWARE AND PROPELLANT MARKET, USD, NORTH AMERICA, 2017 - 2029
- Figure 20:
- VALUE OF SATELLITE BUS & SUBSYSTEMS MARKET, USD, NORTH AMERICA, 2017 - 2029
- Figure 21:
- VALUE OF SOLAR ARRAY & POWER HARDWARE MARKET, USD, NORTH AMERICA, 2017 - 2029
- Figure 22:
- VALUE OF STRUCTURES, HARNESS & MECHANISMS MARKET, USD, NORTH AMERICA, 2017 - 2029
- Figure 23:
- VALUE OF MILITARY SATELLITE MARKET BY APPLICATION, USD, NORTH AMERICA, 2017 - 2029
- Figure 24:
- VALUE SHARE OF MILITARY SATELLITE MARKET BY APPLICATION, %, NORTH AMERICA, 2017 VS 2023 VS 2029
- Figure 25:
- VALUE OF COMMUNICATION MARKET, USD, NORTH AMERICA, 2017 - 2029
- Figure 26:
- VALUE OF EARTH OBSERVATION MARKET, USD, NORTH AMERICA, 2017 - 2029
- Figure 27:
- VALUE OF NAVIGATION MARKET, USD, NORTH AMERICA, 2017 - 2029
- Figure 28:
- VALUE OF SPACE OBSERVATION MARKET, USD, NORTH AMERICA, 2017 - 2029
- Figure 29:
- VALUE OF OTHERS MARKET, USD, NORTH AMERICA, 2017 - 2029
- Figure 30:
- NUMBER OF STRATEGIC MOVES OF MOST ACTIVE COMPANIES, NORTH AMERICA MILITARY SATELLITE MARKET, NORTH AMERICA, 2017 - 2029
- Figure 31:
- TOTAL NUMBER OF STRATEGIC MOVES OF COMPANIES, NORTH AMERICA MILITARY SATELLITE MARKET, NORTH AMERICA, 2017 - 2029
- Figure 32:
- MARKET SHARE OF NORTH AMERICA MILITARY SATELLITE MARKET, %, NORTH AMERICA, 2022
North America 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.
- At launch, a satellite or spacecraft is usually placed into one of many special orbits around the Earth, or it can be launched into an interplanetary journey. Satellites orbit the Earth at varying distances depending on their design and primary purpose. Each distance has its own benefits and challenges, including increased coverage and decreased energy efficiency. Satellites in mean (medium) Earth orbit include navigational and specialized satellites designed to monitor a specific area. Most science satellites, including NASA's Earth Observation System team, are in low Earth orbit.
- The different satellites manufactured and launched in this region have different applications. For instance, during 2017-2022, 180+ satellites were manufactured and launched, operated by North American countries' military and governments.
- The growing use of satellites in areas such as electronic intelligence, Earth science/meteorology, laser imaging, optical imaging, and meteorology is expected to drive space sensor demand in the North American military satellite market during the forecast period. Owing to these factors, the market is expected to grow by 70% during the forecast period (2023-2029). The LEO satellite segment is expected to dominate the market with more than a 75% share.
| 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 |
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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. |
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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.
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