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Market Dynamics Advanced space technology is going to be the major growth driver of the global nanosatellite and microsatellite market. National Aeronautics and Space Administration’s CubeSat Launch Initiative (CSLI) has recently launched the inexpensive variants of the nanosatellite and microsatellite. Because of the low cost of production compared to large satellites, many organizations are investing in nanosatellite and microsatellites for commercial use. These are the factors fueling the growth of the global nanosatellite and microsatellite market. The lack of dedicated launch vehicles ...

TMCnet News Global Satellite Modem Market to Grow by Almost $ 140 Million During 2020-2024 | Increasing Need to Enhance Offshore Communication to Boost Growth | Technavio [December 29, 2020] Global Satellite Modem Market to Grow by Almost $ 140 Million During 2020-2024 | Increasing Need to Enhance Offshore Communication to Boost Growth | Technavio The satellite modem market is expected to grow by USD 139.96 million during 2020-2024, expanding at a CAGR of over 7%. The report also throws light on the impact of the COVID-19 pandemic on the market and the new opportunities and challenges market ...