Space Ground Station Equipment Market is Estimated to Witness High Growth Owing to Increasing Commercial Space Exploration Activities
Space Ground Station Equipment Market The space ground station equipment market includes various types of equipment that are installed at tracking stations on the earth to establish communication links with spacecraft. The ground station equipment comprises Tracking and Telemetry Systems, Network Systems and Data Accumulation Systems. With the increasing commercial space exploration activities by private entities, large volumes of data are being generated which is driving the need for advanced ground station equipment for effective data transmission. The global space ground station equipment market is estimated to be valued at US$ 10647.76 Bn in 2024 and is expected to exhibit a CAGR of 15% over the forecast period 2024 to 2031. Key Takeaways Key players operating in the space ground station equipment market are SpaceX, NASA, ESA, JPL, ISRO. Key opportunities in the Space Ground Station Equipment Market Size include increasing investments in satellite constellations for internet ac