Global LED Billboard Lights Market Size, Trends & Forecast (2025–2032) | CAGR 1.6%

Global LED Billboard Lights market was valued at USD 319 million in 2024 and is projected to reach USD 356 million by 2032, growing at a steady CAGR of 1.6% during the forecast period. Market demand is sustained by the continued modernization of outdoor advertising infrastructure, rising adoption of digital out-of-home (DOOH) advertising, and the superior energy efficiency of LED technology. Long lifespan, reduced maintenance costs, and compliance with increasingly stringent energy and environmental regulations are accelerating the replacement of traditional metal halide and high-pressure sodium lighting systems. Asia dominates global production, while North America and Europe remain key replacement and sustainability-driven markets.

Global Satellite Modem Market Size, Growth Trends & Forecast (2025–2032) | CAGR 7.4%

Global satellite modem market was valued at USD 375 million in 2024 and is projected to reach USD 609 million by 2032, expanding at a CAGR of 7.4% during the forecast period. Market growth is driven by rising demand for high-speed connectivity in remote and rural areas, expansion of LEO satellite constellations such as Starlink and OneWeb, and increasing adoption of VSAT technology across enterprise, government, and military applications. Advancements in high-throughput satellites (HTS), disaster-response communication needs, and growing satellite backhaul usage further support market expansion, despite challenges from high costs, regulatory complexity, and competition from 5G and fiber networks.