The Journal of Space Commerce

The Journal of Space Commerce

Satellite Market is Expected to Reach $615.7 Billion by 2032

Multiple Factors Influencing the Market

Tom Patton's avatar
Tom Patton
Nov 16, 2023
∙ Paid
Courtesy Allied Market Research

The global satellite industry size generated $286.0 billion in 2022, and is anticipated to generate $615.7 billion by 2032, witnessing a CAGR of 8.1% from 2023 to 2032.

According to "Satellite Market by Function (Satellite Services, Ground Equipment, Satellite Manufacturing, and Satellite Launch), Orbit Type (LEO, MEO, and …

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