The global satellite communication (SATCOM) market was valued at USD 27.56 billion in 2021. It is expected to grow from USD 29.98 billion in 2022 to USD 56.74 billion by 2029, with a significant 9.54% CAGR throughout the forecast period.

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Satellite Communication [SATCOM] Market | Global Growth 2029
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Satellite Communication [SATCOM] Market | Global Growth 2029

The global Satellite Communication (SATCOM) market is projected to grow from $29.98 billion in 2022 to $56.74 billion by 2029, at a CAGR of 9.54 %