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Satellite Command and Control System Market is Estimated to Reach $32.15 Billion in 2031
The global space economy has been rapidly growing owing to the increasing requirement of satellite-based connectivity services across different applications such as communication, navigation.
By: BIS Research
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Satellite command and control system comprises space-based solutions and the ground segment. These two entities help in maintaining contact with the satellite and provide commands based on the type of mission, provide satellite telemetry, attitude control, satellite monitoring, as well as ground equipment monitoring and control.
The satellite command and control hardware solutions are used for monitoring spacecraft health and safety, manage a single satellite, multiple satellites, or constellation, and provide satellite telemetry and commanding, as well as ground equipment monitoring and control. With an increase in satellite manufacturing due to increased launches, the hardware solution segment is expected to lead the global satellite command and control system market during the forecast period 2021-2031.
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Most of the satellite command and control solution providers have numerous tie-ups with various national space agencies and commercial space players. Innovation and development have been the key factors for large-scale growth in this market. The satellite command and control system providers are expanding their businesses and are also entering strategic partnerships to increase their customer base to increase their overall global footprint in the satellite command and control system sphere.