Global Satellite Communication Market
The latest report Global Satellite Communication Market gives an essential review of the business including definitions, groupings, applications, and industry chain structure. This report proves to be a useful guide for the individuals related to Global Satellite Communication Market as it accommodates data such as advancement patterns, competitive scene examination, and key locales improvement status.
The Global Satellite Communication (SATCOM) Market was valued at USD 38.98 Billion in 2021, and it is expected to reach a value of USD 83.25 Billion by 2028, at a CAGR of 11.45% over the forecast period (2022 - 2028).
The examination is an ideal blend of both quantitative and qualitative data featuring key market augmentations, challenges that industry and rivalry are trying alongside segmentation and new opportunities accessible and pattern in the Satellite Communication Market.
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Global Satellite Communication Market Segmentation
The Global Satellite Communication market is segmented based on Product, End-User, and Region. Based on Product it is categorized into: Consumer Satellite Service, Mobile Satellite Service, Fixed Satellite Service, Network Equipment, Consumer Equipment. Based on End-User it is categorized into: Government and Military Applications, Civil Satellite Communications, Commercial Application, Others. Based on region it is categorized into: North America, Europe, Asia-Pacific, South America, and MEA.
key market players are given here-
· SES S.A
· Viasat, Inc.
· Intelsat
· Telesat
· EchoStar Corporation
· L3 Technologies, Inc.
· Thuraya Telecommunications Company
· SKY Perfect JSAT Group
· GILAT SATELLITE NETWORKS
· Cobham Limited
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Recent Developments
In June 2022, ISRO will be launching the communication satellite GSAT-24 from French Guiana. GSAT-24 is a 24-Ku band communication satellite that provides pan-India coverage for DTH applications.
In May 2022, three low-Earth-orbit test communication satellites were launched from China's Jiuquan Satellite Launch Center in the northwest using a Long March-2C carrier rocket.
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