The Journal of Space Commerce

The Journal of Space Commerce

Global Satellite Industry Growth Forecast Through 2024

Tom Patton's avatar
Tom Patton
May 07, 2021
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The global satellite industry is expected to reach $508.0 billion in 2024, at a CAGR of 6.51%, for the period spanning 2020-2024, according to a new report from ResearchandMarkets.

Factors such as the growing number of active satellites, rising penetration of pay-TV, expanding coverage of 4G connectivity, increasing usage of the internet, and rapid urban…

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