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According to a report released by Markets and Markets, an international market research institute, the global satellite cable and component market will reach $560 million by 2026, with a compound annual growth rate of 21.
7%
during the period.
Cables are used in satellites, which are increasingly used in modern communication technologies, miniaturization, deep space exploration
.
The introduction of wireless satellite Internet and the development of micro-hardware systems are taking advantage of a large number of opportunities
in the field of satellite communications.
Satellite cable and component systems have great potential
for satellite data service providers, small satellite service providers, remote sensing service providers, technical service providers and investors.
Factors such as versatility, low cost, advanced materials, ease of manufacturing and assembly, mass production, and short life cycles are driving investments
in the satellite cable and component market.
At the same time, the United States, China, India and other countries and governments continue to increase investment in satellite systems, which will also promote the demand growth
of satellite cables and components market.
Based on satellite type, the large satellite segment is expected to lead the satellite cable and components market
between 2021 and 2026.
Satellites weighing more than 1,000 kg are called large satellites
.
Government space agencies dominate the bulk of
the large satellite market.
Regionally, North America is expected to lead the satellite cable and components market
during the forecast period.
The United States is a lucrative market
for satellite cable and component systems in North America.
The U.
S.
government is increasingly investing in advanced satellite technology to improve the quality and efficiency
of satellite communications.
Increasing investments in satellite equipment to enhance the defense and surveillance capabilities of the armed forces, modernization of existing communications on military platforms, critical infrastructure and law enforcement agencies using satellite systems are the key factors
expected to drive the North American satellite cable and component market.
According to a report released by Markets and Markets, an international market research institute, the global satellite cable and component market will reach $560 million by 2026, with a compound annual growth rate of 21.
7%
during the period.
Cables are used in satellites, which are increasingly used in modern communication technologies, miniaturization, deep space exploration
.
The introduction of wireless satellite Internet and the development of micro-hardware systems are taking advantage of a large number of opportunities
in the field of satellite communications.
Satellite cable and component systems have great potential
for satellite data service providers, small satellite service providers, remote sensing service providers, technical service providers and investors.
Factors such as versatility, low cost, advanced materials, ease of manufacturing and assembly, mass production, and short life cycles are driving investments
in the satellite cable and component market.
At the same time, the United States, China, India and other countries and governments continue to increase investment in satellite systems, which will also promote the demand growth
of satellite cables and components market.
Based on satellite type, the large satellite segment is expected to lead the satellite cable and components market
between 2021 and 2026.
Satellites weighing more than 1,000 kg are called large satellites
.
Government space agencies dominate the bulk of
the large satellite market.
Regionally, North America is expected to lead the satellite cable and components market
during the forecast period.
The United States is a lucrative market
for satellite cable and component systems in North America.
The U.
S.
government is increasingly investing in advanced satellite technology to improve the quality and efficiency
of satellite communications.
Increasing investments in satellite equipment to enhance the defense and surveillance capabilities of the armed forces, modernization of existing communications on military platforms, critical infrastructure and law enforcement agencies using satellite systems are the key factors
expected to drive the North American satellite cable and component market.
