SATCOM Equipment Market for Space to be Worth $7.0 Billion by 2025
According to the new market research report from MarketsandMarkets, the SATCOM Equipment Market is projected to grow from USD 2.8 billion in 2019 to USD 7.0 billion by 2025, at a CAGR of 16.8% from 2019 to 2025. This report covers the ‘SATCOM Equipment Market for Space’, prepared with respect to Components (Transponders, Transceivers, Converters, Amplifiers, Antennas), Satellite Type (CubeSat, Small, Medium, Large), End User (Commercial, Government & Military), and Application, Region. The growth of the market across the globe can be attributed to the increasing launch of satellites for applications such as earth observation, communication, and navigation.
Based on application, the earth observation & remote sensing segment is projected to lead the SATCOM equipment market for space during the forecast period. Click here to read more.