Satellite Antenna Market Size, Share, Trends, Dynamics, Forecast, Industry, & Growth Analysis
The satellite antenna market was estimated at USD 20.34 billion in 2021 and is likely to grow at a CAGR of 20.59% during 2022-2028 to reach USD 75.69 billion in 2028.
Market Dynamics:
These factors are expected to boost the demand for the market in the coming year:
Primarily driven by significant product demand across applications such as space and maritime worldwide.
Increasing adoption of small satellites for communication and earth observation applications.
Rising integration of advanced features in the satellites is likely to create lucrative opportunities for the players operating.