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The global satellite communication (SATCOM) market is set to gain impetus from the high demand for small satellites in a wide range of sectors, such as oil & gas, energy, agriculture, and civil engineering for the purpose of earth observation. In April 2021, for instance, China Great Wall Industry Corp. delivered nine small satellites through the Long March 6 rocket in space for verifying technologies for inter-satellite laser communications and autonomous mission planning, as well as getting weather remote sensing images. This information is given by Fortune Business Insights™ in a published report, titled, “Satellite Communication (SATCOM) Market, 2021-2028.” As per the report, the SATCOM market size was USD 23.44 billion in 2020. It is projected to grow from USD 25.33 billion in 2021 to USD 46.50 billion in 2028 at a CAGR of 9.07% in the forecast period.

A list of renowned satellite communication providers operating in the global market:

Boeing (The U.S.)Cobham Limited (The U.K)General Dynamics Corporati