The report, now available on ASDReports, recognizes the following companies as the key players in the global military satellite market: Boeing, Israel Aerospace Industries (IAI), Northrop Grumman, Raytheon, and Thales Group.
Other Prominent Vendors in the market are: Airbus Defence and Space, GE Aviation, Lockheed Martin, SpaceX, and ViaSat.
Commenting on the report, an analyst said: “A trend which will boost market growth is the emergence of inflatable SATCOM antennas. Technological advancements in antenna and satellite technology, along with nimble and high-capacity global networks, have brought military forces into the limelight. The emergence of inflatable SATCOM antennas, designed for ground military use in remote areas and harsh weather is one such significant development.”
According to the report, a key growth driver is the increasing demand for electro-optical imaging systems. Advanced image-enhancing equipment such as high-resolution cameras and advanced remote-sensing technology have improved the quality of satellite-based Earth observation images. Such equipment offers a single internet access point to all the users to obtain EO data from existing databases as well as from the new up-to-date portals. Thus, users from various domains can access the information directly.
Further, the report states that one challenge that could hamper market growth is the cost associated with satellite launches.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Source: ASDReports - Market Research
Date: Jun 8, 2016