In a joint press release, Addvalue and Micro-Ant state that they see “tremendous opportunities” within the satellite communications market, with investments being poured into new infrastructure. Citing a report published by Allied Market Research, the companies note that the global satellite communication market is expected to hit US$99.58 billion ($133.6 billion) by 2027, registering a CAGR of 9.2% from 2020 to 2027.
Addvalue Innovation, a subsidiary of Addvalue Technologies, has signed a memorandum of understanding (MOU) with US firm Micro-Ant to jointly develop and promote satellite terminals for end-user applications globally.
Based in Florida, Micro-Ant develops and manufactures custom antennas for systems integrators to use in military and aerospace applications.
