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Ukraine war drives satellite fleet expansion
The article discusses the expansion of countries in establishing and developing fleets of military reconnaissance satellites, especially amid the escalation of the war in Ukraine. The report noted that the war has prompted Europe, Japan, India, and Brazil to strengthen their intelligence gathering capabilities through satellite technology, with the market size increasing tenfold. It also confirmed that European space sector spending is projected to rise by 12% to reach 13.5 billion euros by 2025, with a focus on high-resolution synthetic aperture radar imaging technologies capable of operating at night and in poor weather conditions, due to their importance in surveillance and reconnaissance operations. The report further emphasizes the strategic significance of this technology as a key determinant in the outcomes of conflicts, with a trend toward European and global space companies going public on financial markets such as NASDAQ to boost competitiveness and expand within the industry.
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