The Journal of Space Commerce

The Journal of Space Commerce

Satellite Communication Market to Reach $99.58 Billion Globally by 2027

Tom Patton's avatar
Tom Patton
Jan 14, 2022
∙ Paid
Share

The global satellite communication market was pegged at $56.01 billion in 2019, and is expected to hit $99.58 billion by 2027, registering a CAGR of 9.2% from 2020 to 2027, according to a new report from Allied Market Research.

Development of Internet of Things (IoT) and autonomous systems, an increase in demand for military and defense satellite communi…

Keep reading with a 7-day free trial

Subscribe to The Journal of Space Commerce to keep reading this post and get 7 days of free access to the full post archives.

Already a paid subscriber? Sign in
© 2025 Ex Terra Media, LLC
Privacy ∙ Terms ∙ Collection notice
Start writingGet the app
Substack is the home for great culture