Satellite Ground Station Equipment Market Insights Video

According to Cognitive Market Research, the global Satellite Ground Station Equipment market size was USD 52651.5 million in 2024. It will expand at a compound annual growth rate (CAGR) of 13.50% from 2024 to 2031.

• North America held the major market share for more than 40% of the global revenue with a market size of USD 21060.60 million in 2024 and will grow at a compound annual growth rate (CAGR) of 11.7% from 2024 to 2031.
• Europe accounted for a market share of over 30% of the global revenue with a market size of USD 15795.45 million.
• Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 12109.85 million in 2024 and will grow at a compound annual growth rate (CAGR) of 15.5% from 2024 to 2031.
• Latin America had a market share of more than 5% of the global revenue with a market size of USD 2632.58 million in 2024 and will grow at a compound annual growth rate (CAGR) of 12.9% from 2024 to 2031.
• Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 1053.03 million in 2024 and will grow at a compound annual growth rate (CAGR) of 13.2% from 2024 to 2031.
• The Ground Station as a Service (GSaas) held the highest Satellite Ground Station Equipment market revenue share in 2024.