Satellite Antenna Market Size, Drivers, Industry Trends, Forecast to 2022-27
The latest research study “Satellite Antenna Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the global satellite antenna market size reached US$ 3.04 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 4.67 Billion by 2027, exhibiting a growth rate (CAGR) of 7.20% during 2022-2027. A satellite antenna represents a communication tool designed to receive and transmit information using microwave signals. It converts electromagnetic (EM) into electrical energy during transmission and reception. Comprising a beam-forming network, an antenna structure, and a feed system, a satellite antenna is widely installed on maritime, land, airborne, and space-based platforms to communicate in wide-ranging frequencies, such as ultra-high frequency (UHF), X band, very high frequency (VHF), and C band. It also assists in reducing the interference from undesired signals and concentrating the transmitting