Technavio Announces Top Five Vendors in the Global Military Satellite Market from 2016 to 2020
By Business Wire News
By Business Wire News
Technavio has announced the top five leading vendors in their recentglobal military satellite marketreport. This research report also lists five other prominent vendors that are expected to impact the market during the forecast period.
Competitive vendor landscape
Technavio researchers believe in-house manufacturing capabilities, product offerings, global footprint network, R&D investments, newer technologies, and strong client base have become the key areas to have an edge over the competitors. Factors like global economic recovery, the growth of the aerospace and defense sector, and R&D investments have opened room for opportunities for defense vendors to compete and grow.
“The global military satellite market is highly competitive with vendors competing on the basis of cost, product quality, reliability, and aftermarket service. In order to survive and succeed in such an intensely competitive environment, it is crucial for the vendors to provide cost-effective and high-quality satellite systems with latest technology and materials,” says, Arushi Thakur, one of Technavio’s lead industry expert for research on space sector.
The report also highlights Northrop Grumman and Thales Group as the two leading vendors in the market, who compete in terms of availability, price, quality, and technology. Their focus is primarily on the implementation of lightweight materials, more electric technologies, and robust systems. Also, Lockheed Martin, a prominent vendor of the market, is the prime contractor for a number of major US military satellite programs, such as the Advanced EHF constellation, the US Navy’s MUOS, the GPS III, and the SBIRS High system.
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Top five military satellite market vendors
Boeing was incorporated in 1934 and in headquartered in Chicago, Illinois, US. The company, along with its subsidiaries engages in the aerospace and defense businesses across the world.
In 1995, Boeing introduced its first 702 spacecraft family for commercial and military applications. The company sold 28 of these satellites by the end of 2010, and those served over 867,000 hours of service life in both military and commercial customers.
The company introduced a variant of the 702 satellite under the name of Boeing 702SP (small platform) in 2012 and in the subsequent year the Boeing 702SP had cleared the critical design review.
Israel Aerospace Industries (IAI)
IAI was founded in 1953 and is headquartered in Ben-Gurion International Airport, Israel. The company engages in the manufacture and marketing of military and commercial aerospace and defense systems across the world.
IAI, through MLM division, offers various space technologies such as small satellite launch system and vehicle, and space and ground control systems. This unit was established in 1964 for providing services such as concept analysis, development, and manufacture, installation, and lifecycle support to various space technologies. This MLM division has developed and produced a satellite launcher, namely SHAVIT, which is used for orbit insertion services in the both commercial and military applications.
Northrop Grumman was established in 1939 and is headquartered in Falls Church, Virginia, US. It provides systems, products, and solutions focusing on aerospace, electronics, information systems, and technical services to the government and commercial customers across the globe.
The company develops military and commercial space systems and satellite payloads, as well as integrates mission-enabling systems and associated services. Its space systems are used in earth observation, satellite communications, space science, and space exploration applications.
Since the past 30 years, the company has been providing its jam-resistant payloads that are used for military communication satellites.
Raytheon was established in 1922 and is headquartered in Waltham, Massachusetts, US. The company provides its solutions for the defense and other government markets across the world.
Raytheon provides AEHF satellite communication solutions that are operated by the US Air Force Space Command Division. These ensure secure communication between the US Military and its allied forces. Its AEHF terminals provide an advanced and protected satellite communication solution, linking the President of the US and senior military advisor across the globe. The company has recently added two Air Force programs, namely Global aircrew strategic network terminal (ASNT) and Family of Advanced Beyond Line of Sight Terminal (FAB-T).
Thales Group was established in 1893 and is headquartered in Paris, France. It provides solutions primarily to the aerospace and defense industries globally. The company designs and manufactures military satellites and space technologies. It integrates and deploys space systems that are used for defense, security, and commercial applications.
The company stands as one of the major contractors for the military communication satellites of the armed forces of France. It also provides secure satellite communication services to the different countries, including NATO members, through its SYSTEM 21 solutions. It provides ground station and mobile transmission solutions for air, land, and naval platforms such as UAVs, armored vehicles, helicopters, surface ships, and submarines.
Browse Related Reports:
- Global Satellite-based Augmentation Systems Market 2016-2020
- Global Satellite Manufacturing and Launch Market 2015-2019
- Global Remote Sensing Satellite Market 2016-2020
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Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.
Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
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