Satcom Market to Surpass $71.5 billion by 2034: Report

Global Market Insights Predicts CAGR of 12.3 Percent

The Satellite Communication Market was valued at $23.1 billion in 2024, and is projected to climb to $71.5 billion by the end of 2034, according to a recent study by Global Market Insights Inc.

This growth is primarily fueled by the increasing demand for reliable internet connectivity, particularly in remote and underserved areas where traditional infr…