Satellite Communication Market Size Worth $137.63 Billion By 2028: Grand View Research, Inc.
SAN FRANCISCO, July 27, 2021 /PRNewswire/ --The global satellite communication market size is expected to reach USD 137.63 billion by 2028, according to a new report by Grand View Research, Inc.
- SAN FRANCISCO, July 27, 2021 /PRNewswire/ --The global satellite communication market size is expected to reach USD 137.63 billion by 2028, according to a new report by Grand View Research, Inc.
- The growing adoption rate of small satellites in the defense industry for applications, including geospace and atmospheric research, tactical communication, and medium resolution imagery, is anticipated to propel the market growth.
- Besides, the escalating demand for satellite communication (SATCOM) solutions in the aviation sector for better airline operations and air traffic management is expected to boost the market growth in the forthcoming years.
- Grand View Research has segmented the global satellite communication market on the basis of component, application, vertical, and region:
Satellite Communication Component Outlook (Revenue, USD Million, 2017 - 2028)