The Satellite Ground Equipment Market size is estimated at USD 52.41 billion in 2024, and is expected to reach USD 86.48 billion by 2029, growing at a CAGR of 12.12% during the forecast period (2024-2029).
The satellite ground equipment market is semi-consolidated owing to the presence of major players like Thales Group, Inmarsat Global Limited, Iridium Communications Inc., Gilat Satellite Networks Ltd, and Orbcomm Inc., as well as the growing entry of new players. Vendors in the market are adopting strategies such as innovations, partnerships, mergers, and acquisitions to enhance their product offerings and gain a sustainable competitive advantage.
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