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. A satellite payload refers to the equipment or instruments that a satellite carries into space to fulfill its specific mission objectives. These payloads can vary widely depending on the satellite's purpose, whether it's for communication, Earth observation, scientific research, navigation, or other applications. Informational Source: https://www.fortunebusinessinsights.com/industry-reports/satellite-payload-market-101829