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The satellite market size is forecast to increase by USD 14.53 billion at a CAGR of 3.31% between 2023 and 2028. The market is experiencing significant growth, driven by the increasing demand for DTH services and satellite-based telemetry applications. The number of DTH subscribers continues to rise, fueled by the availability of affordable satellite receivers. High-throughput satellites (HTS) are gaining popularity due to their ability to provide faster data transmission rates, making them ideal for IoT devices and other bandwidth-intensive applications. The high cost of satellite hardware and components remains a challenge, but innovations such as 3D-printed satellite parts are helping to reduce costs. OneWeb, among others, is leading the charge in this area, with plans to launch a constellation of low Earth orbit satellites to provide global connectivity. Overall, the market is poised for continued growth, driven by advancements in technology and increasing demand for reliable, high-speed connectivity.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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