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- Growth in demand for satellite data from various industry verticals, surge in demand for earth observation satellites, and privatization of space industry fuel the growth of the global satellite data services market
PORTLAND, Ore., Jan. 12, 2021 /PRNewswire/ Allied Market Research published a report, titled,
by Vertical (Energy & Power, Defense & Intelligence, Engineering & Infrastructure, Environmental, Agriculture, Maritime, Insurance and Transportation & Logistics), Service (Data Analytics and Image Data), End-Use (Commercial and Government & Military): Global Opportunity Analysis and Industry Forecast, 2020–2027. According to the report, the global satellite data services industry generated $5.52 billion in 2019, and is projected to generate $19.36 billion by 2027, witnessing a CAGR of 19.1% from 2020 to 2027.
Simulators Market Growth Opportunities, Historical Analysis, Thriving Business, , Future Trends, Growth
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Tactical Optics Market Growth Opportunities, Historical Analysis, Thriving Business, , Future Trends, Growth
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Electronic Warfare Market worth $17.0 billion by 2025 - Exclusive Report by MarketsandMarkets
Electronic Warfare Market by Capability (Support, Attack, Protection), Platform (Airborne, Naval, Ground, Space), Product (EW Equipment, EW Operational Support), and Region - Global Forecast to 2025 , published by MarketsandMarkets, the Electronic Warfare Market size is projected to grow from USD 17.0 billion in 2020 to USD 20.9 billion by 2025, at a CAGR of 4.2% from 2020 to 2025. Significant technological advancements and integration of electronics in military equipment are resulting in a shift towards multilayered defense systems, which is expected to drive the electronic warfare market during the forecast period. Adding to these factors, the increase in the use of UAV systems and the need for ground surveillance and communication jamming serve as opportunities for the electronic warfare market.