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Satellite Communications Market Anticipates CAGR of 9.2 Percent

Nov 11, 2024

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The global satellite communication industry 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, increase in demand for military and defense satellite communic…

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