Satellite communications market to reach $19.4 billion by 2028 - Novaspace

Paris, Washington D.C., Montreal, Yokohama – Euroconsult, the world’s leading authority on space and satellite-based applications, released its flagship research, which predicts that the satellite communications market will grow to $19.4 billion by 2028. Following a decline that began in 2014, the research forecasts a return to revenue growth beginning in 2020, driven by demand for broadband applications, including rural connectivity, in-flight communications, as well as cellular backhaul.