System Synopsis During News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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The global satellite industry is expected to reach US$508.0 billion in 2024, at a CAGR of 6.51%, for the duration spanning 2020-2024
Factors such as the growing number of active satellites, rising penetration of pay-TV, expanding coverage of 4G connectivity, increasing usage of the internet, and rapid urbanization would drive the growth of the market. However, the market growth would be challenged by concerns over space debris, high cost of satellite hardware and components and stringent government regulations.
A few notable trends may include, accelerating demand for satellite navigation equipment, increasing R&D spending on aerospace and defense, rising demand for earth observation imagery & analytics and emergence of integrated terrestrial-satellite connections. ....

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