Satellite Communication (SATCOM) Equipment Market Report Online
The global satellite communication (SATCOM) equipment market size is projected to reach a CAGR of 20.6% from USD 22 billion in 2021, during the forecast period 2021-2028.
Satellite communication is related to transferring of signal between the sender and receiver antenna with the help of satellite.
Growing demand for Ku- and Ka-band satellites, and the growing fleet of autonomous and connected vehicles used for various applications in the military and commercial sectors, which require customized SATCOM-on-the-move antennas are some of the factors that have supported long-term expansion for Satellite Communication (SATCOM) Equipment Market.
The COVID-19 pandemic has caused significant damage to the economic activities of countries across the world. The manufacturing of SATCOM equipment, including systems, subsystems, and components, has also been impacted.
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Last Update : Jul 17, 2023 7:56 AM
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