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The global satellite communication market was valued at USD 31.22 billion in 2023 and is expected to grow from USD 33.98 billion in 2024 to USD 70.89 billion by 2032, registering a CAGR of 9.6% during the forecast period. North America led the market in 2023, accounting for a 39.17% share.

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Published by praj nene, 2025-06-20 01:23:43

Satellite Communication Market Size, Share, Trends 2032

The global satellite communication market was valued at USD 31.22 billion in 2023 and is expected to grow from USD 33.98 billion in 2024 to USD 70.89 billion by 2032, registering a CAGR of 9.6% during the forecast period. North America led the market in 2023, accounting for a 39.17% share.

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