According to Technavio’s latest market research study, the global military satellite payloads and subsystems market will grow at a CAGR of more than 5% during the forecast period, 2017-2021.
This report by Technavio provides an in-depth analysis of the global military satellite payloads and subsystems market in terms of revenue and emerging market trends. The report also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
Technavio research analysts categorize the market based on the payload and subsystems type
Source: Technavio
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The top three revenue contributing payload and subsystems segments are discussed below
Global military satellite optical sensors and other sensors payloads market: Defense agencies are focusing on the deployment of satellites with advanced sensor payloads owing to increased awareness about the importance of satellites with advanced sensor payloads in terms of support from space-based systems during tactical warfare. The increased use of CubeSat is also expected to reflect positively on the growth of the global military satellite optical sensors and other sensors payloads market during the forecast period.
“The deployment of microsatellites, in constellation with bigger satellites, can strengthen the ISR capabilities and can be rapidly developed and deployed on-demand for tactical warfare applications,” says Moutushi Saha, a lead analyst at Technavio for research on defense.
Global military satellite avionics and subsystems market: Avionics are electronic systems that are used in satellites, which comprise guidance, navigation, and control (GNC) systems; attitude control systems (ACS); and on-board data handling (OBDH) computers. Factors such as advancements in computing and electronic technologies and the increasing acceptance of existing systems will fuel the growth of the global military satellite avionics and subsystems market in the coming years.
Global military satellite data link and communication systems market: Satellites used by military forces for communications are equipped with transponders, antennas, and switching systems that relay and amplify secure radio telecommunication signals to different locations on earth. During the forecast period, the market is expected to benefit from the projected increase in the use of microsatellites and commercial satellites that have designated hosted payloads for militaries.
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The top vendors operating in the global military satellite payloads and subsystems market are:
- Airbus Defence and Space
- Boeing
- Honeywell
- Lockheed Martin
- Thales
Other prominent vendors in the market include BAE Systems, China Spacesat, Israel Aerospace Industries, Northrop Grumman, and Orbital ATK.
A more detailed analysis is available in the Technavio report titled, ‘Global Military Satellite Payloads and Subsystems Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports
- Global UAV Payload and Subsystems Market 2017-2021
- Global Satellite Manufacturing and Launch Market 2016-2020
- Global Satellite Transponder Market 2016-2020
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