US Government and Military Satellite Market, Forecast to 2022
LONDON, Jan. 24, 2017 /PRNewswire/ -- Intelligence and Information Gathering Drive Growth in the Face of Political Tensions Worldwide
Global tensions and military conflicts around the world are driving the need for surveillance and information sharing. Thus, satellite demand fluctuates significantly with global US relations; however, many of these regions, such as the Middle East and Africa, remain consistent, high-demand locations for US military satellite communications (SATCOM). The US government is the single largest purchaser of commercial satellite services in the world, and accounted for $1.34 billion in 2015. As a result, these contracts are highly competitive, with many organizations custom tailoring new satellites and ground hardware to meet the unique needs of the US government/military. With a compound annual growth rate (CAGR) of 3.6%, this market is stable but is expected to average $53.78 million per year through 2022.
This research estimates the base year market size by revenue generated through US government spending, future growth estimation through 2022, and forecast breakouts for military an on-military as well as for Department of Information Systems Agency (DISA) and non-DISA. The base year for this research is 2015 and is accompanied by a forecast spanning from 2016 to 2022. Also included is the base year market share for consumer satellite operators, namely Iridium, Inmarsat, SES, Eutelsat, Intelsat, and Telesat. The global regions discussed are grouped by North America, Asia-Pacific, the Middle East, Latin America, Africa, and Europe.
Key Questions This Study Will Answer
- How will the government and military satellite market grow throughout the forecast period?
- What economic, political, and technological factors are impacting this market?
- What military trends are driving new adoption for satellite technology?
- What regions will be important/account for more US government and military spending on satellite technology?
- Who are the market participants and what does the competitive landscape look like?
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To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/us-government-and-military-satellite-market-forecast-to-2022-300396128.html
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