The Journal of Space Commerce

The Journal of Space Commerce

Satellite Communication Market Worth $33.2 Billion by 2029

Multiple Factors Contribute to the Projected Growth

Tom Patton's avatar
Tom Patton
Aug 30, 2024
∙ Paid
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The Satellite Communication Market is expected to reach $33.2 billion by 2029 from $16.9 billion in 2024, at a Compound Annual Growth Rate (CAGR) of 14.5 % from 2024–2029, according to a new report by MarketsandMarkets. Increased expenditure of emerging economies and rapid development of communications equipment and technology have led to the growth of …

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