Published on 31 Mar 2024 on Insider Monkey via Yahoo Finance
In this article, we will look into the 16 largest satellite companies in the world. If you want to skip our detailed analysis, you can go directly to the 5 Largest Satellite Companies in the World.
According to a report by Allied Market Research, the global satellite market was worth $286 billion in 2022. It is expected to grow at a compound annual growth rate (CAGR) of 8.1% from 2023 to 2032 and reach $615.7 billion by the end of the forecasted period. The growth is driven by the rise in space exploration missions, an increase in satellite-based warfare, and the growing trend of small satellites.
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