Home » Telecommunication » GEO Satellite Market Global Demand, Business Opportunities, and Forecast, 2023

GEO Satellite Market Global Demand, Business Opportunities, and Forecast, 2023

Global GEO satellite market is anticipated to witness exponential growth in the forecast period. GEO (Geosynchronous equatorial orbit), also termed as ?Geostationary Orbit?, is a circular geosynchronous orbit 35,786 km (22,236 mi) above Earth\-\-s equator and following the direction of Earth\-\-s revolution.

Factors, such as increasing demand from satellite TV, weather forecasting, satellite radio and most other types of worldwide communications and increase the satellite orbital inclination are likely to drive the market in the forthcoming period. On the other hand, incomplete geographical coverage and high altitude are anticipated to hinder GEO satellite market growth in the future.

However, technological advancement is likely to create lucrative opportunities for the market. Globally, market is anticipated to expand at a significant CAGR in the upcoming period as the scope, product types, and its applications are increasing across the globe.

GEO satellite market could be explored by type, end user and geography. The market could be explored by type as >500 kg, 50-500 kg and

Posted by on 26. May 2020. Filed under Telecommunication. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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