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Satellite Communication (SATCOM) Market is valued at USD 80.33 billion in 2022 and is<br>projected to reach a value of USD 169.70 billion in 2030 expanding at a CAGR of 9.8% over the<br>forecast period of 2022-2030.
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Satellite Communication (SATCOM) Market Key Vendors, Key Segment, Key Companies, Growth Opportunities by 2022-2030 Satellite Communication (SATCOM) Market is valued at USD 80.33 billion in 2022 and is projected to reach a value of USD 169.70 billion in 2030 expanding at a CAGR of 9.8% over the forecast period of 2022-2030. Satellite Communication market (SATCOM) is set to acquire stimulus from the popularity for little satellites in a great many areas, like oil and gas, energy, horticulture, and structural designing with the end goal of earth perception. In April 2021, for example, China Great Wall Industry Corp. conveyed nine little satellites through the Long March 6 rocket in space for confirming advances for between satellite laser correspondences and independent mission arranging, as well as getting climate remote detecting pictures. The rising interest for IoT in the avionics business for different purposes, for example, airplane network, carriers, air traffic the executives, and MRO the board is expected to cultivate the market development of worldwide Satellite Communication by the figure period. Interconnectivity in flight applications for IoT-based gadgets and administrations requires the trading of ongoing information to the handling units, which is extremely urgent for the advancement of the different activities in the avionics business. The Global Satellite Communication (SATCOM) Market report gives a comprehensive assessment of the market. The report offers a complete examination of key portions, patterns, drivers, limitations, serious scene, and elements that are assuming a significant part on the lookout.
REQUEST FOR A FREE SAMPLE:- https://wemarketresearch.com/upcomingreports/sample-request/satellite- communication-(satcom)-market/12/ Global Satellite Communication (Satcom) Market: Key Trends Rise In Increase Of Things (Iot) And Autonomous System One of the major factor that has fuelled the market growth is the rise in IoT and autonomous system over the forecast period. This is because, the merging applications and business models and falling device costs have been instrumental in driving IoT adoption, which has consequently increased the number of connected devices and endpoints globally. This has fuelled the market growth. Cybersecurity Acts As A Major Concern The major concern to the global satellite communication market is the cybersecurity. This is because the entire process of launching a satellite to transmit data is highly sensitive. The major challenge lies in the negative impact that the cybersecurity threats can potentially make as the vulnerabilities are mission-critical. Global Satellite Communication (Satcom) Market: Segmental Analysis Based On Component: • Equipment • SATCOM Transmitter/Transponder • SATCOM Antenna • SATCOM Transceiver • SATCOM Receiver • SATCOM Modem/Router • Others • Services The equipment segment has dominated the market growth over the forecast period. Based On Application: • Asset Tracking/Monitoring
• Airtime • M2M • Voice • Data • Drones Connectivity • Data Backup and Recovery • Navigation and Monitoring • Tele-medicine • Broadcasting • Others Interested in purchasing this Report:- https://wemarketresearch.com/upcomingreports/purchase/satellite-communication- (satcom)-market/12/?license=single Global Satellite Communication (Satcom) Market: Competitive Landscape Some of the major companies operating in the market are SES S.A.; Viasat, Inc.; Intelsat; Telesat; EchoStar Corporation; L3 Technologies, Inc.; Thuraya Telecommunications Company; SKY Perfect JSAT Group; GILAT SATELLITE NETWORKS; Cobham Limited. About We Market Research WE MARKET RESEARCH is an established market analytics and research firm with a domain experience sprawling across different industries. We have been working on multi-county market studies right from our inception. Over the time, from our existence, we have gained laurels for our deep rooted market studies and insightful analysis of different markets. Our strategic market analysis and capability to comprehend deep cultural, conceptual and social aspects of various tangled markets has helped us make a mark for ourselves in the industry. WE MARKET RESEARCH is a frontrunner in helping numerous companies; both regional and international to successfully achieve their business goals based on our in-depth market analysis. Moreover, we are also capable of devising market strategies that ensure guaranteed customer bases for our clients. Contact Us: We Market Research Phone: +1(929)-450-2887
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