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Showing posts with the label Satellite Data Services Market

Satellite Data Services Market Projected to Gain an Uptick During 2020-2028

  The  global satellite data services market  share is estimated to reach  $22,431.6 million by 2028 , rising from  $8,357.9 million in 2020 , at a  CAGR of 12.7% . Covid-19 Impact on Satellite Data Services Market The coronavirus outbreak in 2019 has negatively affected the satellite data services industry worldwide. Fear of contracting the COVID-19 disease along with strict social distancing rules implemented by developed as well as developing nations in order to prevent the virus transmission have led to the shutdown of many industries. The current impact of the COVID-19 outbreak on the satellite manufacturing industry is limited to delivery delays caused by activity slowdowns for some manufacturers. As a result of the COVID-19 epidemic, which has caused a delay in the production and supply of launch vehicle components, satellite launches are expected to fall in 2021. The availability of imagery and analysis services is projected to be impacted by delays in satellite production and