Satellite Telecommunications Market Predicted to Reach $87.06 Billion by 2033, 2024 Industry Research [Yahoo! Finance]
L3Harris Technologies, Inc. (LHX)
Last l3harris technologies, inc. earnings: 2/4 06:30 am
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Source: Yahoo! Finance
and Strategies to 2033" report has been added to ResearchAndMarkets.com's offering. The satellite telecommunications sector has witnessed significant growth, with the market attaining a value of nearly $41.21 billion in 2023. A robust compound annual growth rate of 3.95% marked the period from 2018 to 2023. Projected market expansion is forecasted at a rate of 7.90% from 2023 to 2028, culminating in an estimated value of $60.26 billion. The upward trajectory is anticipated to continue, with predictions for the market to reach $87.06 billion by 2033, following a CAGR of 7.63% from 2028. Factors Influencing Market Growth Historical sector expansion has been driven by factors such as increased demand for low earth orbit satellites, enhanced satellite investments, and strong governmental support. However, challenges such as skilled labor shortages and stringent regulatory compliance have presented obstacles to growth. In the forthcoming period, drivers of market expansion will inclu
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LHX
Earnings
- 10/24/24 - Beat
LHX
Sec Filings
- 12/18/24 - Form 4
- 12/16/24 - Form 144
- 11/27/24 - Form 8-K
- LHX's page on the SEC website