Here is what has led providers to develop advanced payload systems

Very exciting to observe that, the growing popularity of communication and broadcasting services including pay TV and Over-The-Top (OTT) have led providers to develop advanced payload systems.

According to Research and Markets, the global satellite payload market is expected to reach USD 21.8 billion by 2025.

The firm also reveals that, the market is expected to witness a CAGR of 7.9%over the forecast period, owing to increased government spending in space exploration activities is expected to boost the market growth over the forecast period.