Satellite Communications Market to be Worth $33.2 Billion by 2029 – Exclusive Report by MarketsandMarkets Page 1

CHICAGO, August 27, 2024 /PRNewswire/ — The Satellite communications market is expected to reach $33.2 billion by 2029 from $16.9 billion in 2024, with a compound annual growth rate (CAGR) of 14.5% from 2024-2029, according to a new report by MarketsandMarkets. Increased spending by emerging economies and rapid development of communication equipment and technology have led to the growth of the global satellite communications market.

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