Satellite Communication Market to Reach $99.58 Billion Globally by 2027

Jan 14, 2022

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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…

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