5G SatCom Market Will Grow to $29.06 Billion by 2030: Report

Small Satellites and Aviation Sector Demand Among Primary Drivers

Nov 03, 2023

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The global 5G satellite communication market size, valued at $2.75 billion in 2021, is projected to reach $29.06 billion by 2030, growing at a CAGR of 29.09% during the forecast period (2022–2030).

The increasing adoption of small satellites in the defense industry for applications such as geospace and atmospheric research, tactical communication, and me…

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