North America Military Satellite Market Size

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).

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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

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.