The global satellite communications market size was valued at USD 62.19 billion in 2019 and is projected to grow at a CAGR of 9% from 2021 to 2027. This is because oil and gas, energy, agriculture and defense across the globe are the major factors driving the market growth. Satellite communication refers to the transmission of signals in the form of modulated wave beams between transmitter and receiver antennas with the aid of satellites. These signals are amplified and transmitted back to the receiver antenna on the ground. Satellite communications (SATCOM) also plays an important role in increasing the communications technology infrastructure in rural areas.
A full report of Satellite Communication Market available at: https://www.orionmarketreports.com/satellite-communication-market/58545/
Space Tourism Market- Segmentation
By Application
• Voice communication
• Broadcasting
• Data Communication
By Component
• Equipment
• Services
By End-Use Industry
• Maritime
• Aerospace and Defense
• Industrial
• Government
• Transportation and Logistics
• Media
• Others
Major Players
• SES S.A
• Viasat, Inc.
• Intelsat
• Telesat
• EchoStar Corporation
• L3 Technologies, Inc.
• Thuraya Telecommunications Company
• SKY Perfect JSAT Group
• GILAT SATELLITE NETWORKS
• Cobham Limited
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
