The Satellite Communication (SATCOM) Market is anticipated to exhibit a significant CAGR of 8.44% during the forecast period of 2021 and 2027. In satellite communication, the data transfer takes place through satellites revolving around the world. It is commonly used for telecommunication applications. The global SATCOM market is attributed to the growing formation of small satellites, increasing need for high-speed Internet, increasing adoption of maritime VSAT, and rising requirement for small form factor SatCom solutions & persistent launches of military satellites.
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