Space Militarization Market worth $88.6 billion by 2030 - Exclusive Report by MarketsandMarkets™

CHICAGO, June 26, 2023 /PRNewswire/ -- The Space Militarization Market is estimated at USD 53.7 billion in 2023 and is projected to reach USD 88.6 billion by 2030, at a CAGR of 7.4 % from 2023 to 2030 according to a new report by MarketsandMarkets™. The growth can be attributed to the increasing geopolitical tensions and competition among nations.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=145370586

Browse in-depth TOC on "Space Militarization Market" 
50 – Tables
30 – Figures
200 – Pages

Space Militarization Market Report Scope:

The defense segment is expected to account for the highest growth share during the forecast period.

By Capability, the Space Militarization market is segmented into Defense and Support. Defense is a growing trend in the space militarization industry. Nations worldwide are recognizing the strategic importance of space in ensuring their Defense capabilities. Space-based assets play a critical role in surveillance, intelligence gathering, and communication, providing a significant advantage in modern warfare. The increasing complexity and sophistication of potential threats necessitate advanced Defense systems that can detect, track, and neutralize hostile activities in space. As a result, governments are investing heavily in the development and deployment of space-based Defense capabilities, including anti-satellite systems, space-based sensors, and defensive countermeasures.

By Sub-Capability, the defense capability of the space militarization industry is segmented into weapons, intelligence surveillance and reconnaissance, and electronic warfare. Space-based assets are becoming increasingly vital for national security. This trend presents lucrative business opportunities due to the expanding market and the crucial role these assets play in safeguarding nations. Hence intelligence surveillance and reconnaissance are going to lead the market during the forecast period.

Inquiry Before Buying: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=145370586

United States to hold the largest market share during the forecasted period from 2023-2030.

The Space Militarization market industry has been studied in the United States, Russia, China, the UK, India, Australia, Canada, Israel, New Zealand, and the Rest of the World. The United States is to account for the largest market share during the forecast period due to the presence of major space militarization manufacturers in the region to enhance the market's growth.

Major players operating in the Space Militarization companies are The Boeing Company (US), Lockheed Martin Corporation (US), General Dynamics Corporation (US), Raytheon Technologies Corporation (US), and Northrop Grumman Corporation (US) are some of the market players.

Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=145370586

Browse Adjacent Market: Aerospace and Defence Market Research Reports &Consulting

Related Reports:

LEO Satellite Market by Satellite Type (Small, Cube, Medium, Large satellites), Application (Communication, Earth Observation & Remote Sensing, Scientific, Technology), Subsystem, End User, Frequency, and Region (2021-2026)

Satellite Antenna Market by Platform (Land fixed, Land mobile, Airborne, Maritime, Space), Antenna Type, Technology (SOTM, SOTP), Component Type (Reflectors, Feed Horns, Feed Networks, Low Noise Converters), Frequency and Region – 2026

Small Satellite Market by Mass (Small Satellite, CubeSat), Application, Subsystems (Satellite Bus, Payload, Solar Panel, Satellite Antenna), Frequency, End-use (Commercial, Government & Defence, Dual-use), Orbit and Region - Global Forecast to 2028

Radar Systems Market by Application, Platform (Air, Marine, Unmanned, Land, Space), Frequency Band, Type, Component, Range, Dimension, Technology, & Region (North America, Europe, Asia Pacific, Middle East & Africa and Latin America), [2021-2026]

SATCOM Equipment Market for Space by Component (Transponders, Transceivers, Converters, Amplifiers, Antennas), Satellite Type (CubeSat, Small, Medium, Large), End User (Commercial, Government & Military), Application, Region - Global Forecast to 2025

About MarketsandMarkets™

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Visit Our Web Site: https://www.marketsandmarkets.com/
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/space-militarization-market.asp
Content Source: https://www.marketsandmarkets.com/PressReleases/space-militarization.asp

Logo: https://mma.prnewswire.com/media/660509/MarketsandMarkets_Logo.jpg