The global satellite payload market size was USD 13.32 billion in 2020 and is projected to grow from USD 14.45 billion in 2021 to USD 27.58 billion in 2028 at a CAGR of 9.67% during the 2021-2028 period. The Satellite Payload market has witnessed significant growth in recent years, driven by the increasing demand for satellite-based services, communication advancements, and expanding applications in sectors such as telecommunications, Earth observation, and navigation.

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