UAV SATCOM Market Poised for Steady Growth Driven by Technology Advances and Strategic Partnerships
• Market projected to grow from $3.55B in 2022 to $4.09B in 2033, CAGR of 1.36%
• Growth driven by expanding UAV applications and advanced technologies like multiband antennas
• Europe holds 29.88% market share in 2022 due to established industry and awareness of UAV SATCOM benefits
• Strategic partnerships further integration of UAVs into operations, e.g. Inmarsat & ESA in Jan 2023
• Key players shaping market include Cobham Aerospace, Thales Group, Inmarsat Global Limited