Military Space Strategies And Technologies market set to grow to $28bn by 2028, says new study

Tuesday 2 October 2018, Amsterdam

The Military Space Strategies and Technologies Market Report 2018-2028 evaluates the current amount of defence expenditure for different applications of technology in the military space industry. The bandwidth demand of modern military systems is increasing at a near exponential rate. In addition, the previously mentioned major military satellite projects will have a major effect on the size of the Australian, Chinese, Indian and French markets. India and China will consistently expand their military satellite fleets across the next decade as they modernise the C4ISR capabilities of their respective armed forces while maintaining intelligence streams on their volatile border areas.

The report analyst commented "There has been an exponential increase in the demand for bandwidth by modern militaries worldwide. So great is the need for Military data that it is increasingly transmitted through commercial satellites. The future of the military space strategies and technologies market is in ever-smaller platforms such as small satellites. Miniaturization, UAV bandwidth demand and IP routing in space are the some of the key developments in the military space strategies and technologies market. The global military space strategies and technologies market will grow steady during the forecast period as the United States government is focussing more towards deep space exploration and encouraging public-private partnerships coupled with the support pertaining to private sector innovation."

Leading companies featured in the report include Airbus Group SE, The Boeing Company, Inmarsat, Israel Aerospace Industries, ISS Reshetnev, Lockheed Martin Corporation, Mitsubishi Electric Corporation, Space Exploration Technologies Corporation, DataPath Inc., Honeywell, International Inc., LinQuest Corporation, Northrop Grumman Corporation, Pacific Defence Solutions LLC, SpaceQuest Ltd, SSL, Raytheon Company, Thales, Viasat Inc., SES S.A., Orbital ATK.