A transponder is an electronic device that sends and receives information using radio waves. It is used by aircraft, ships, and other vehicles to communicate with ground stations or other vehicles. The transponder is used for a variety of purposes, including navigation, communication, and identification.
Transponders are used globally in many applications, including air traffic control, maritime navigation, and wireless communication. In air traffic control, transponders are used to track aircraft by sending and receiving signals from ground stations, enabling controllers to monitor aircraft positions, speeds, and altitudes. In maritime navigation, transponders are used to identify vessels and relay navigation information to other vessels and shore-based stations, as well as providing emergency and distress signals. In wireless communication, transponders are used to transmit data from one point to another, such as in cellular networks or satellite communications.
The global Transponder market was valued at US$ 14360 million in 2022 and is anticipated to reach US$ 16870 million by 2029, witnessing a CAGR of 2.3% during the forecast period 2023-2029. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
A detailed market research report on Global Transponder Market available at: https://www.themarketreports.com/report/global-transponder-market-research-report
This report aims to provide a comprehensive presentation of the global market for Transponder, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Transponder.
The major global companies of Transponder include Intelsat, SES, Eutelsat, Loral, Sky Perfect Jsat Corporation, Hispasat, Thaicom Public Company Limited, Nilesat, Arabsat, Turksat etc. In 2021, the world’s top three vendors accounted for approximately % of the revenue.
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