The global satellite modem market is estimated to be valued at $1,004.4 million by 2028 , surging from $348.7 million in 2020 , at a noteworthy CAGR of 14.4% . Impact Analysis of COVID-19 on the Satellite Modem Market The global satellite modem market has experienced a negative impact in the recent months due to the COVID-19 outbreak. Various markets around the world have experienced great losses and it is same with the satellite modem market. The supply chain and the import and export of the raw materials have been hampered widely due to which the manufactures are unable to manufacture the devices and meet the demand of the modems. However, as the governments across the globe has initiated to loosen up, the lockdown the satellite modem market is projected to increase at a better rate. Global Satellite Modem Market Analysis The surge in demand for high-speed network communication solutions in the military & defense, enterprise, and government sectors is likely to boost the
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