Global Military Satellite Terminal Market and Technology Forecast: 2014 - 2024

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Report Summary:

Strategy Analytics forecasts the global military satellite terminal market will grow to over $5.8 billion in 2024, representing a CAGR of 3.6%. North America is estimated to have the largest demand, but will be superseded by spending from the Asia-Pacific region from 2017 onwards. There will also be growth in demand from the other regions with spending in the MEA region expected to grow at a CAGR of 4.3%. Land-based terminals will represent the largest market in dollar terms, accounting for 49% of the the total market, and also represent the bulk of volume in terms of total shipments. The total number of terminal shipments is forecast to reach over 8000 units. As well as growing demand for higher frequency Ka-band terminals, there will be an increasing emphasis towards systems that can support multi-band and/or wideband operation which will also influence future component technology choice and demand.

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