According to a new market research report published by Acute Market Reports â
Satellite Communication Equipment Market (Product Type â SATCOM Receiver, SATCOM Transmitter, SATCOM Transceiver, SATCOM Antenna and SATCOM Modem; End-use â Land SATCOM Equipment, Maritime SATCOM Equipment, Air & Space SATCOM Equipment) Market â Growth, Future Prospects and Competitive Analysis, 2018 – 2026â, the global satellite communication equipment market set to expand with a CAGR of 8.88% throughout the forecast period to cross US$ 47.0 Bn by 2026.
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Market Insights
The overall satellite communication equipment market set to demonstrate promising growth over the forecast period, majorly due to significantly growing IT & telecommunication sector worldwide. The global telecommunication traffic accounted to cross 290 terabits per second in 2017 along with addition of new 196 terabits per second of international Internet capacity between 20