The Global Military Satellite Market 2017-2027 March 2017 | Page 2

The Global Military Satellite Market 2017-2027

The Global Military Satellite Market 2017-2027

Global Military Satellite market , valued at US $ 7.9 billion in 2017 , is projected to grow at a CAGR of 2.50 %, to value US $ 10.1 billion by 2027 . The cumulative market for global expenditure on Military Satellite systems is valued at US $ 93.3 billion over the forecast period . Global expenditure on Military Satellite systems is expected to show robust growth over the forecast period , primarily due to the increased importance of Military Satellite systems in modern or fourth-generation warfare .
The global Military Satellite Systems market is expected to be led by North America with a share of 39.2 % over the forecast period , followed by Europe with 29.3 % and Asia-Pacific with a share of 21.1 %. The Middle Eastern market is expected to account for 5.5 %, followed by Latin America with 3.3 %, and the African markets with a share of 1.6 %.
The report “ The Global Military Satellite Market 2017-2027 ” offers detailed analysis of the global Military Satellite market over the next 10 years , and provides market size forecasts . Furthermore , it covers key technological and market trends in the industry and analyzes factors influencing demand for Military Satellite systems . Additionally , the report highlights challenges faced by industry participants
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