Lucintel Forecasts the Global Satellite Communication Market to Reach $112.9 billion by 2030
Lucintel Forecasts the Global Satellite Communication Market to Reach $112.9 billion by 2030
Blog Article
According to a market report by Lucintel, the future of the global satellite communication market looks promising with opportunities in the maritime, aerospace and defense, government, transportation and logistics, and media markets. The global satellite communication market is expected to reach an estimated $112.9 billion by 2030 from $54.2 billion in 2024, at a CAGR of 13.0% from 2024 to 2030. The major drivers for this market are increasing need for high-throughput satellite systems (HTS) in order to boost data speeds and capacity and growing usage of satellite communications in the defense and government.
A more than 150-page report to understand trends, opportunity and forecast in satellite communication market to 2030 by type (ground equipment, and service), end use industry (maritime, aerospace and defense, government, transportation and logistics, media and others market), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that service is expected to witness the highest growth over the forecast period.
Within this market, media and entertainment will remain the largest segment.
Download sample by clicking on satellite communication market
APAC is expected to witness the highest growth over the forecast period.
Viasat, SES, Intelsat, Telesat, Echostar Corporation, L3Harris Technologies, Thuraya Telecommunications Company, Sky Perfect Jsat, Gilat Satellite Networks, Cobham Limited are the major suppliers in the satellite communication market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected] To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1-972-636-5056
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