The Satellite Communication (SATCOM) Market is growing with demand for high-speed connectivity in remote areas, defense, and IoT applications. According to the SNS Insider,“The Satellite Communication Market Size was valued at USD 84.47 Billion in 2023 and is expected to reach USD 194.55 Billion by 2032 and grow at a CAGR of 9.72% over the forecast period 2024-2032.”