The projected growth of the Military Satellite Market Size is USD 54.7 billion by 2032, with a compound annual growth rate (CAGR) of 4.95% during the forecast period (2023 - 2032). Key market drivers fueling this growth include an escalating demand for dependable surveillance, a rise in the utilization of aluminum in satellite production, and heightened security concerns.
In February 2022, SpaceX deployed a US ISR satellite, known as the National Reconnaissance Office's (NRO) NROL-87 payload, into orbit using a Falcon 9 rocket launched from Vandenberg Space Force Base in California.
In October 2021, France celebrated the successful launch of an advanced satellite designed to facilitate swift and secure communication for all of its armed forces worldwide. The satellite is engineered to withstand military threats and ground-based as well as space-based interference.
In November 2021, China Aerospace Science and Technology Corporation reported the launch of two Yaogan 32-class military satellites via a Long March 2C rocket for remote sensing applications.
Military Satellite Market Orbit Type Outlook
Military Satellite Market Payload Type Outlook
Military Satellite Market Satellite Type Outlook
Military Satellite Market System Outlook
Military Satellite Market Application Outlook
Military Satellite Regional Outlook
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