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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