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Military satellites market is expected to grow by increase in terrorist attacks, unconventional warfare, the report provides market analysis 2028
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Summary • The demand for military satellites is expected to be driven by an increase in terrorist attacks, unconventional warfare, militancy. • Detailed analysis during 2018-2028, including highlights of the demand drivers and growth stimulators. It also provides a snapshot of the spending and modernization patterns of different regions around the world
Market Overview • The global military satellite market is expected to grow at a CAGR of 3.08% over the forecast period. • The market consists of three categories: ISR, Communication, and Navigation satellites. It is expected to be dominated by the ISR Satellites segment, followed by Communication and Navigation segments. • The North American region is forecasted to dominate the sector with a share of 40.3%, followed by the European market, which is dominated by Russia and France.
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