The Global Satellite Antenna Market is Expected to Grow from US$1.90 billion in 2016 to reach US$3.03 billion by 2023

New York, New York, December 1, 2017--According to Stratistics MRC, the Global Satellite Antenna market is expected to grow from US$ 1.90 billion in 2016 to reach US$ 3.03 billion by 2023 with a CAGR of 9.8%. Growing number of space exploration missions, cost-effective satellite launch operations, rising demand for satellite aided warfare and improved deployment of small satellites are the major factors driving the market. On the other side, having problems with poor transmission of signals, scarcities of qualified workforce and issues with the availability of radio spectrum are the factors hampering the market growth.

The latest industry research report on Satellite Antenna by MRC provides a thorough analysis of the global Satellite Antenna market. The report scrutinizes the market by different segments including regions, applications, competitive landscape, etc. over the predicted time frame. This report provides 360 Degree perspective of the Satellite Antenna industry with an all-inclusive discussion of definitions, classifications, and market players in the industry chain structure. It features qualitative and quantitative analysis of the industry taking into consideration the significant development factors, competition in the market, and important reasons impacting the market growth.

By platform, the land segment is estimated to hold the highest CAGR during the forecast period due to huge investments flow into R&D activities, like observation of earth, navigation and telecommunications. Also, increasing demand for TV & radio broadcast, weather forecast applications and noise free telephone networks are some factors driving the market. Adding to this, high-throughput satellite communication services, commercial satellite imagery based services, SatCom in commercial aviation usage and augmented satellite based navigation are some of the crucial reasons expected to drive the market.

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