Satellite Communication Market 2030: The Expanding Role of AI in Satellite Operations
Satellite Communication Market Growth & Trends The global satellite communication market size is anticipated to reach USD 159.60 billion by 2030 and is anticipated to expand at a CAGR of 10.0% from 2024 to 2030, according to a new report by Grand View Research, Inc. The rising demand for small satellites for tactical communication, geospace and atmospheric research, and medium-resolution imagery in military and defense applications is driving this growth. The growing demand for Satellite Communication (SATCOM) solutions across the aviation industry to improve air traffic management and airline operations is also expected to drive the market. The advent of the 5G network and several scheduled Medium Earth Orbit (MEO) and Low Earth Orbit (LEO) satellites launches are likely to favor the expansion of the SATCOM market. In addition, the evolution of satcom in the connectivity sector has prompted SATCOM operators to offer solutions that can be integrated with IoT devices to e...