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Wise Guy Reports Sets Global Military Satellite Market CAGR at 5.6% in 2016-2020

Wise Guy Reports Sets Global Military Satellite Market CAGR at 5.6% in 2016-2020 - top government contractors - best government contracting event

Wise Guy Reports Sets Global Military Satellite Market CAGR at 5.6% in 2016-2020 - top government contractors - best government contracting eventA new Wise Guy Reports analysis predicts the global military satellite market will reach a compound annual growth rate of 5.6 percent from 2016 through 2020, buoyed by growing military demand worldwide for robust C4ISR systems.

Wise Guy Reports said Monday it expects the C4ISR systems to also grow in light of the rising demands for security, control and coordination.

The report forecasts more than 1,000 nano satellites orbiting the Earth by the end of 2020, up from 94 nano satellites launched in 2013 through January 2014.

Wise Guy Reports also projects the U.S. to dominate the global military satellites market, followed by China, the U.K., India, Russia, Germany and France.

The analysis expects the market value for satellites to increase as a result of Airbus Space & Defense“™s joint venture with Virgin Group and Qualcomm.

The joint venture plans to launch the One Web project, with 900 satellites slated for liftoff in less than two years.

Tier-one players in the military satellites market are:

  • Space Systems/Loral
  • Aero Astro
  • Airbus Defense and Space
  • Alcatel Space
  • Boeing
  • ISRO
  • Israel Aerospace
  • SpaceX
  • BAE systems
  • Ball Aerospace
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Written by Jay Clemens

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