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The satellite communication market size was valued at USD 23.44 billion in 2020 and is anticipated to grow from USD 25.33 billion in 2021 to USD 46.50 billion by 2028 at a CAGR of 9.07% during the 2021-2028 period. During the projected period, the rise of IoT in the aviation sector is expected to boost the market. The satellite communication market refers to the industry involved in providing communication services through satellites. It encompasses the design, manufacturing, launching, and operation of satellites, as well as the development of ground-based infrastructure and user terminals. Satellite communication is widely used for various applications, including telephony, television broadcasting, internet connectivity, remote sensing, and navigation. Data flow between machine control and production was previously dependent on terrestrial GSM systems, which is currently being replaced with satellite connectivity. In the aviation industry, satellite technology has proven to be an essential enabler for converting IoT connection. IoT devices help to improve the process in the aviation business by allowing real-time data to be exchanged with the processing division. It is also utilized in satellite connectivity to reduce processing time by transferring data between IoT devices and components. Thousands of artificial satellites are now orbiting the planet. These man-made satellites send and receive analogue and digital signals containing data, such as speech, photos, and videos, to and from one or more sites throughout the world. Browse Summary https://www.fortunebusinessinsights.com/satellite-communication-satcom-market-102679