The geostationary satellites market size is projected to reach US$ 8.28 billion by 2031 from US$ 6.19 billion in 2023 to register a CAGR of 3.7% during 2023–2031.
NEW YORK, Oct. 17, 2024 /PRNewswire/ — According to a new comprehensive report from The Insight Partners, the global geostationary satellites market is observing healthy growth owing to the rising need for satellite-based military communications and broadcasting.
Global Geostationary Satellites Market experiences increase in demand for long-range communication coverage through satellite network. Browse Detailed Insights: https://www.theinsightpartners.com/reports/geostationary-satellites-market
The report runs an in-depth analysis of market trends, key players, and future opportunities. In general, Geostationary satellites revolve in the geostationary orbits that are ~36,000 km above the Earth's equator. These satellites are best known for a wide range of applications, including telecommunication, earth observation, and space exploration. In telecommunication, these satellites are used to improve connectivity and increase internet speed.