The Global Satellite Communication (SATCOM) Market was valued at USD 38.98 Billion in 2021, and it is expected to reach a value of USD 83.25 Billion by 2028, at a CAGR of 11.45% over the forecast period (2022 - 2028).

Satellite communication is the use of artificial satellites to provide communication links between various points on Earth. A communication satellite is an artificial satellite that uses a transponder to amplify and connect radio telecommunications signals. It establishes a communication channel between a source transmitter and a receiver that is distributed across the globe. Satellite communication is widely used in television, telephone, radio, internet, and military applications.

Top Player's Company Profiles

Boeing (US) Cobham Limited (UK) General Dynamics Corporation (US) Honeywell International Inc. (US) Indra (Spain) Inmarsat Global Limited (UK) L3Harris Technologies, Inc. (US) Qualcomm Technologies, Inc. (US) Viasat, Inc. (US) Gilat Satellite Networks (Israel) Recent Developments

In June 2022, ISRO will be launching the communication satellite GSAT-24 from French Guiana. GSAT-24 is a 24-Ku band communication satellite that provides pan-India coverage for DTH applications. In May 2022, three low-Earth-orbit test communication satellites were launched from China's Jiuquan Satellite Launch Center in the northwest using a Long March-2C carrier rocket.