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Leading Players in the Global SATCOM on the Move Market: Thales, Echosta, and Honeywell Predict 13.86% CAGR to Reach $117.75 Billion by 2034

AinvestTuesday, Jul 2, 2024 6:27 am ET

1min read

The SATCOM on the Move market, valued at $32.16 billion in 2024, is projected to grow at a CAGR of 13.86% to reach $117.75 billion by 2034. Driven by the increasing adoption of SATCOM on the move solutions for reliable communication in remote areas, the market is fueled by factors like enhanced situational awareness and operational efficiency. Key players Thales Group, Echosta, and Honeywell International are leading the growth in sectors like defense, government, and emergency services.

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