Satellite Payload Market Projected to Reach $11.44 billion in 2030: Report

Mega Constellations to Contribute Significantly to the Expected Growth

The satellite payload market is projected to be $11.44 billion in 2030 from $6.07 billion in 2025 at a CAGR of 13.5% during the forecast period according to a new report by MarketsandMarkets. The growth is mainly due to the expansion of sovereign and regional mega constellations for strategic and commercial communications, international strategic collab…