Government and Military Satellite Communications Market Revenue, Insights, Overview, Outlook, Analysis | Valuates Reports

Government and Military Satellite Communications Market Size

The global Government and Military Satellite Communications market is projected to grow from US$ 49910 million in 2024 to US$ 63880 million by 2030, at a Compound Annual Growth Rate (CAGR) of 4.2% during the forecast period.

The Global Mobile Economy Development Report 2023 released by GSMA Intelligence pointed out that by the end of 2022, the number of global mobile users would exceed 5.4 billion. The mobile ecosystem supports 16 million jobs directly and 12 million jobs indirectly.

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According to our Communications Research Centre, in 2022, the global communication equipment was valued at US$ 100 billion. The U.S. and China are powerhouses in the manufacture of communications equipment. According to data from the Ministry of Industry and Information Technology of China, the cumulative revenue of telecommunications services in 2022 was ¥1.58 trillion, an increase of 8% over the previous year. The total amount of telecommunications business calculated at the price of the previous year reached ¥1.75 trillion, a year-on-year increase of 21.3%. In the same year, the fixed Internet broadband access business revenue was ¥240.2 billion, an increase of 7.1% over the previous year, and its proportion in the telecommunications business revenue decreased from 15.3% in the previous year to 15.2%, driving the telecommunications business revenue to increase by 1.1 percentage points.

By Type
• Satellite Service
• Earth Station Service

By Application
• Navy
• Air Force
• Land Force
• Government Organization

Key Companies
Airbus Defense & Space, Bushtex, COMSAT, Comtech, Eutelsat, GovSat, Inmarsat, Intelsat, Iridium, SES Networks, Speedcast, Telespazio, Thales Alenia Space (TAS), ViaSat

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This release was published on openPR.