Fixed Satellite Services Market

Increasing investments in military satellite communication and rising demand for broadband coomunication services from consumers in residential sector and from corporate enterprises are some key factors driving market revenue growth Market Size – USD 18.56 Billion in 2021, Market Growth – at a CAGR of 4.6%, Market Trend – Increasing 5G penetration globally The global  Fixed Satellite Services market  size is expected to reach USD 27.66 Billion in 2030 and register a revenue CAGR of 4.6% over the forecast period, according to latest report by Reports and Data. Increasing investments in military satellite communication infrastructure and rising demand for broadband services in residential and commercial sectors are key factors expected to drive market revenue growth during the forecast period. Increasing 5G penetration is another factor expected to boost market revenue growth due to increasing need for high-speed Internet among consumers in various countries across the globe. 5G co