The military satellite payloads and subsystems market is poised to grow by $2.3 bn during 2022-2026, accelerating at a CAGR of 7.18% during the forecast period.
The market is driven by the emergence of inflatable SATCOM antennas, increased seaborne security threats, and increasing procurement of advanced military communication systems to strengthen defense communication security.
This study identifies the use of microsatellites in the maintenance and assistance of bigger satellites as one of the prime reasons driving the military satellite payloads and subsystems market growth during the next few years. Also, the development of lightweight power amplifiers and the use of AI in satellite communication for earth-based observation will lead to sizable demand in the market.
This report provides a detailed analysis of several leading military satellite payloads and subsystems market vendors that include BAE Systems Plc, Ball Corp., Eutelsat SA, Intelsat SA, Israel Aerospace Industries Ltd, L3Harris Technologies Inc., Lockheed Martin Corp., MDA Corp., Northrop Grumman Corp., Raytheon Technologies Corp., Singapore Technologies Engineering Ltd., Space Exploration Technologies Corp., Thales, The Boeing Co., Viasat Inc., General Dynamics Corp., and Honeywell International Inc.
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Global Military Satellite Payloads and Subsystems Market 2022-2026