Satellite Communication Market Size Expected to Reach $33.2 Billion by 2029
The Satellite Communication Market is expected to reach USD 33.2 billion by 2029 from USD 16.9 billion in 2024, at a Compound Annual Growth Rate (CAGR) of 14.5 % from 2024–2029.
Military and government agencies rely heavily on satellite communication to ensure secure, reliable, and uninterrupted communication in varied operational scenarios, particularly across remote or hostile environments...
Satellite Communication Market Expected to Achieve $33.2 Billion by 2029
The Satellite Communication Market is expected to reach USD 33.2 billion by 2029 from USD 16.9 billion in 2024, at a Compound Annual Growth Rate (CAGR) of 14.5 % from 2024–2029.
Increased expenditure of emerging economies and rapid development of communications equipment and technology have led to the growth of the global satellite communication market. Other factors, such as the growing need...