The global satellite communication market size was valued at USD 71.57 billion in 2021. It is expected to reach USD 160.65 billion by 2030, growing at a CAGR of 9.4% during the forecast period (2022–2030). A satellite is a communication system that can receive signals from the earth at one location and transmit them to another using a transponder. For more information - https://straitsresearch.com/report/satellite-communication-market