Expert Market Research
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The SATCOM equipment market is projected to grow from USD 22.0 billion in 2021 to USD 53.7 billion by 2026, at a CAGR of 19.6%. SATCOM equipment is an integral part of the communication in the commercial and defense industry. The deployment of low earth orbit (LEO) satellites and constellations of satellites for communications applications has increased their demand across the globe. Other factors driving the market growth include growing demand for Ku- and Ka-band satellites, and the growing fleet of autonomous and connected vehicles used for various applications in the military and commercial sectors, which require customized SATCOM-on-the-move antennas.
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