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The global satellite transponders market size was USD 12.50 Billion in 2021 and is expected to register a revenue CAGR of 4.1% during the forecast period. The rising demand for evolving television platforms is a major factor driving the market revenue growth. The growth can also be attributed to factors such as growing demand for Ku-band and Ka-band services and increasing need for high data speeds.

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The global industrial hemp market size was USD 8.40 Billion in 2021, and is expected to register a revenue CAGR of 33.8% during the forecast period. Rising demand for eco-friendly and sustainable plant-based raw materials across various industries such as construction, textiles, cosmetics and others, rising demand for hemp derivatives for industrial purpose, legalization of hemp cultivation for commercial usage in various countries, and emergence of new start-ups offering various hemp based products are factors expected to drive market revenue growth during the forecast period.

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The global astronomical telescope market size is expected to reach USD 497.0 Million in 2030, and register a revenue CAGR of 8.2% during the forecast period. Rising demand can be primarily attributed to significant investments in development of astronomical research activities. In addition, rising trend of amateur astronomy is also expected to drive market revenue growth. Young generation across the globe is increasingly interested in space and astronomy due to various science fiction games and television series.

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Find Out How Test Chambers Work

Test chambers, which are programmed, help in the creation of different variations in the temperature, conditions that are moist or humid, as well as variances in altitude. The test chamber designs can differ according to the kinds of tests they need to perform, which can include both complex and very simple tests.
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