Satellite Communication Market Size to Hit USD 46.50

Pune, India, Aug. 18, 2022 (GLOBE NEWSWIRE) — The global satellite communication market size was USD 23.44 billion in 2020 and is projected to exceed USD 46.50 billion by 2028, exhibiting a CAGR of 9.07% over the estimated period. The rise can be attributed to the increasing product adoption across a range of applications including radio broadcasting & voice communications, remote sensing, water monitoring, internet application & navigations, and others.

This information has been provided by Fortune Business Insights™ in its research report, dubbed “Satellite Communication Market, 2021-2028”.

COVID-19 Impact:

Industry Players Face Postponement of Satellite Launches, Production Halt, and Other Challenges

The COVID-19 pandemic has created numerous challenges for the space industry. These included the hold of numerous contracts, the postponement of…



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.