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 market refers to the equipment or instruments that a satellite carries into space to perform specific functions or tasks. These functions can vary widely, depending on the satellite's purpose.

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