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Military Satellite Market: Rising Demand for Electro-optical Imaging Systems to Boost Growth

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Published on : Jun 22, 2016

ALBANY, New York, June 22, 2016: ResearchMoz.us has announced the addition of the “Global Military Satellite Market 2016-2020” report to its offerings. This report presents a comprehensive understanding of the market and covers all the major segments within this market. The strategies utilized by the prominent players operating in the market for enhancing their businesses also form a key part of this study. For the making of this report, various stakeholders and industry experts were interviewed and their inputs have been taken into consideration during the collation of this report. The prime factors influencing the demand, the issues faced by the key players, and the latest news related to the global military satellite market are also encapsulated under this report. 

The introduction section of this report begins by presenting the key market highlights and the market overview. The global military satellite market is expected to rise at a 5.70% CAGR between 2016 and 2020. Military satellites are utilized in conventional missions such as navigation, military communications, and intelligence gathering. These satellites are computer-controlled systems employed for performing telemetry, thermal control, attitude control, power generation, and orbit control. They are used in a number of applications such as agriculture, mineral prospecting, border and maritime security, disaster management and ocean resource, and drought and flood forecasting, among others. 

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In the following section of the report, the aerospace and defense supply and value chain systems have been presented. Moving next in the report, the geographical segmentation of the military satellite market has been presented. Geographically, the report segments the market into Asia Pacific (APAC), the Americas, and Europe, the Middle East, and Africa (EMEA). Amongst these, the Americas led the global military satellite market in 2015. This is owing to the rising requirement for ISR capabilities within this region. 

Next in the report is a review of the dynamics impacting the development of the market. The rising demand for electro-optical imaging systems and the increasing product launches will propel the growth of the market for military satellites. In addition, the increasing investments in SATCOM is a key trend seen in this market. Furthermore, the introduction of enhanced solutions for the defense industries by various players dominant in the market has also propelled the development of the global military satellite market.

For example, the adoption of small satellites has resulted in enhanced navigation and communication facilities for military troops. In addition, these small satellites are relatively faster and cheaper than other satellites and utilize COTS technology for presenting top class functioning. On the flip side, the soaring costs involved in the launch of these satellites may restrain the growth of the military satellite market in the coming years.

The competitive scenario presented in this report encapsulates the major vendors dominant in the global military satellite market. Some of these vendors are Boeing, Israel Aerospace Industries (IAI), Northrop Grumman, Raytheon, and Thales Group, among others.
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