DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/lwlj5l/the_global) has announced the addition of the "The Global Military Satellites Market 2012-2022" report to their offering.
This report is the result of SDI's extensive market and company research covering the global military satellite industry. It provides detailed analysis of both historic and forecast global industry values, factors influencing demand, the challenges faced by industry participants, analysis of the leading companies in the industry, and key news.
What are the key drivers behind recent market changes?
The demand for military satellites is anticipated to be driven by the need for enhanced communication capabilities and Intelligence, Surveillance and Reconnaissance (ISR) requirements for armed forces across the world. The market is expected to be dominated by North America, followed by Europe and Asia Pacific.
What makes this report unique and essential to read?
The Global Military Satellite Market 2012-2022 provides detailed analysis of the current industry size and growth expectations from 2012 to 2022, including highlights of key growth stimulators. It also benchmarks the industry against key global markets and provides detailed understanding of emerging opportunities in specific areas.
Key Market Issues
The current situation of defense budget cuts across most of the countries is expected to persist during the forecast period. In this scenario, the defense departments around the world are exploring and inviting new alternatives for reducing their costs. Apart from pushing back their project timelines, utilization of COTS equipment is a potential choice for the government. Thus, the military satellite industry is gradually undergoing a transition towards selecting commercial providers against defense suppliers for its programs.
The North American and European regions account for an estimated 80% of global defense spending. These countries were, however, among the hardest hit by the global financial crisis. This has led to austerity measures being introduced by national governments, which in turn have resulted in reduced defense budgets and the cancellation and indefinite delay of various military satellite programs. The countries such as the US, France, Germany among others, which contribute significantly to the global military satellites market, are experiencing substantial defense budget cuts. This is forcing the defense departments of these countries to realign their spending strategies on satellites.
- Northrop Grumman
- Israel Aerospace Industries
- Mitsubishi Electric Corporation
- Lockheed Martin
- Intelsat General Corporation
- ITT Exelis
- Harris Corporation
For more information visit http://www.researchandmarkets.com/research/lwlj5l/the_global