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  • October 7, 2026
  • Last Update July 17, 2026 9:28 pm
  • United States of America

Taiwan electronics maker targets space communication as satellite market set to explode

Taiwan electronics maker targets space communication as satellite market set to explode

Goldman Sachs Research forecasts the low-Earth orbit (LEO) satellite market will skyrocket from US$15 billion in 2024 to US$457 billion by 2035, driven by surging demand for non-terrestrial networks. These networks are becoming essential infrastructure for enabling beyond-5G and 6G connectivity. In response, governments worldwide are ramping up investment. Taiwan’s Ministry of Economic Affairs is fast-tracking tech validation and deployment to embed the island’s supply chain into the global satellite ecosystem.

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