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![Satellite Communication [SATCOM] Market | Global Growth 2029 | Praj Nene | Scoop.it](https://img.scoop.it/ui6yLi1QlWXmdLn-nWj48Dl72eJkfbmt4t8yenImKBVvK0kTmF0xjctABnaLJIm9)
The global Satellite Communication (SATCOM) market is projected to grow from $29.98 billion in 2022 to $56.74 billion by 2029, at a CAGR of 9.54 %
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Praj Nene's insight:
The satellite communication (SATCOM) market experienced a significant surge in growth, with a valuation of USD 27.56 billion in 2021. This upward trajectory is expected to continue as the market is projected to reach USD 56.74 billion by 2029, showing a robust compound annual growth rate (CAGR) of 9.54% during the forecast period. By surpassing the USD 29.98 billion mark in 2022, the SATCOM market is set to witness continued expansion, driven by various factors such as increasing demand for connectivity, advancements in satellite technology, and the growing need for reliable and secure communication networks. Browse Summary https://www.fortunebusinessinsights.com/satellite-communication-satcom-market-102679
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