Global Satellite Communication Market 2023: Industry Growth Rate, Latest Technology, New Innovations And Forecast To 2032 | Top Players Are Thales Group, Honeywell International Inc, L3Harris Technologies, Inc., Viasat, Inc., Cobham Limited

 


The Business Research Company’s Satellite Communication Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Satellite Communication Global Market Report 2023 evaluates satellite communication market size, growth rate, drivers, trends, and major companies.

The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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The global satellite communication market is poised for significant expansion, with an anticipated increase from its 2027 valuation of $83,680.3 million, exhibiting a robust growth rate of 9.5%. Subsequently, the market is projected to maintain an impressive trajectory, achieving a Compound Annual Growth Rate (CAGR) of 11.4% from 2027 onwards, ultimately reaching a staggering $143,872.3 million by 2032.

This remarkable growth can be attributed to the burgeoning adoption of low earth orbit (LEO) satellites across various industries. LEO satellites, hailed as the technology set to revolutionize global internet and digital communication, have gained immense traction. As an illustrative example, in June 2022, the United States Space Force's Commercial Satellite Communications Office (CSCO) made a resounding announcement, revealing plans to award contracts worth nearly $2.3 billion for commercial satellite communication services within the next two years. The CSCO, responsible for procuring commercial satcom capacity and services for the U.S. armed forces and its allies, has earmarked an impressive $875 million for a multi-year deal focusing on low earth orbit satellite broadband services.

With such substantial investments in LEO satellites, the satellite communication market is primed to experience substantial growth, offering unprecedented opportunities and technological advancements in the domain of global communication.

Get More Information On The Satellite Communication Market Report:
https://www.thebusinessresearchcompany.com/report/satellite-communication-market

The satellite communication market segments in the report are:
1) By Component: Transponder; Transceiver; Antenna; Receiver; Other Components
2) By Technology: SATCOM Automatic Identification System; SATCOM VSAT; SATCOM On The-Move (SOTM); SATCOM On The Pause (SOTP); SATCOM Telemetry
3) By Application: Asset Tracking/Monitoring; Airtime; Data Backup And Recovery; Navigation And Monitoring; Broadcasting; Drones’ Connectivity; Tele-Medicine; Other Applications
4) By Vertical: Government And Military Applications; Civil Satellite Communications; Commercial Application; Other Verticalsser Industries

The table of contents in TBRC’s satellite communication market report includes:
1. Executive Summary
2. Table Of Contents
3. List Of Figures
4. List Of Tables
5. Report Structure

......

18. Competitive Landscape And Company Profiles
19. Key Mergers and Acquisitions
20. Opportunities And Strategies
21. Satellite Communication Market, Conclusions And Recommendations
22. Appendix

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