Satellite Communication System Market by Satellite Orbit (Low Earth Orbit (LEO), Medium Earth Orbit (MEO), Geostationary Orbit (GEO)), by Component (Equipment, Services), by End User (Maritime, Aerospace and Defense, Industrial, Government, Transportation and Logistics, Media, Others): Global Opportunity Analysis and Industry Forecast, 2022-2031

The global satellite communication system market was valued at $25.8 billion in 2021, and is projected to reach $61.5 billion by 2031, growing at a CAGR of 9.5% from 2022 to 2031.