Satellite Cables and Assemblies Market

Global Satellite Cables and Assemblies Market Size, Share & Trends Analysis Report, By Satellite Type (Small Satellite, Medium Satellite and Large Satellite), By Cable Type (Round Cables and Flat/Ribbon Cables), By Conductor Material (Metal Alloys, and Fibers), By Component (Cables, Conductors and Others), By Insulation Type (Thermosetting and Thermoplastic), By Conductor Type (Twisted Pair, Coaxial, Fiber Optics, and Shielded/Jacketed) Forecast (2022-2028)

Published: Apr 2022 | Report Code: OMR2026428 | Category : Semiconductor Materials and Components | Delivery Format: /

The global satellite cables and assemblies market is anticipated to grow at a significant CAGR during the forecast period. Satellite cables and assemblies systems have a huge potential for satellite data service providers, small sat service providers, remote sensing service providers, technical service providers, and investors. Additionally, satellite cables and assemblies are balanced and offer better reliability than the conventional cables for transmitting signals, supplying power, or sending earth images. The major factor driving the growth of the global satellite cables and assemblies market during the forecast is the increasing launches of small satellites into low earth orbit (LEO) especially. These satellites inhabit around 500-2,000 km band and offer rapid communication, lower latency, and higher bandwidths per user than geostationary satellites. Additionally, several companies are implementing plans to build satellite constellations and have launched these satellites into orbit which is driving market growth. For instance, from 2019 to May 2020, Starlink has launched 356 satellites in orbit. Furthermore, in 2020, Amazon announced that it has filed for launching 3,236 spacecraft in its Kuiper constellation and is progressing with plans to move its growing team into new facilities.

Impact of COVID-19 Pandemic on Global Satellite Cables and Assemblies Market

The COVID-19 pandemic had impacted the global satellite cables and assemblies market to a great extent. During COVID-19, as of May 2020, 212 countries had been impacted by the pandemic, and the governments of these countries had ordered nationwide lockdowns which shut down operations of various companies. Additionally, the production of satellite cables and assemblies systems, subsystems, and components were halted due to disruption in the supply chain which negatively impacted the market growth. However, as the COVID-19 situation normalizes, the global satellite cables and assemblies market started to recover due to the lifting of government regulations which recovered the supply chain and manufacturing operations of companies.

Segmental Outlook 

The global satellite cables and assemblies market is segmented based on satellite type, cable type, conductor material, component, insulation type and conductor type. Based on the satellite type, the market is sub-segmented into small satellites, medium satellites and large satellites. Based on the cable type, the market is sub-segmented into round cables and flat/ribbon cables. Based on the conductor material, the market is sub-segmented into metal alloys and fibers. Based on the component, the market is sub-segmented into the cables, conductors and others. Based on the insulation type, the market is sub-segmented into thermosetting and thermoplastic. Based on the conductor type, the market is sub-segmented into twisted pair, coaxial, fiber optics, and shielded/jacketed. 

Global Satellite Cables and Assemblies Market Share by Vehicle Type, 2021 (%)

Global Satellite Cables and Assemblies Market Share by Vehicle Type

Large Satellite Segment Holds a Prominent Share in the Global Satellite Cables and Assemblies Market

Based on the satellite type, the large satellite segment in the global satellite cables and assemblies market holds a prominent share in 2021. Satellites weighing more than 1000 kg are called large satellites and are used for deep space exploration. The factor driving the large satellite segment includes the increasing space platforms and growing deep space ecploration activities.

Regional Outlook

The global satellite cables and assemblies market is further segmented based on geography including North America (the US, and Canada), Europe (UK, Germany, Italy, Spain, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East & Africa, and Latin America). The Asia-Pacific region is anticipated to grow during the forecast period due to growing adoption of advanced technologies in the region.

Global Satellite Cables and Assemblies Market Growth by Region, 2022-2028

Global Satellite Cables and Assemblies Market Growth by Region

North America Region Holds a Prominent Share in the Global Satellite Cables and Assemblies

The North America region holds a prominent share in the satellite cables and assemblies market. The major factor driving the growth of the market in the region is the growing investment in advanced satellite technologies to enhance the quality and effectiveness of satellite communication by the government. For instance, in August 2021, the government of Canada agreed to invest $1.15 billion in Telesat‘s Lightspeed constellation if the operator meets Canadian capital and operating expenditures requirements to develop the 298-satellite Low-Earth Orbit (LEO) high-speed broadband system. 

Market Players Outlook

The major companies serving the global satellite cables and assemblies market include Amphenol, Huber+Suhner, Nexans S.A, T.E Connectivity, W.L Gore & Associates, Inc., among others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers & acquisitions, partnerships and collaborations, and geographical expansion, to stay competitive in the market. For instance, in September 2021, WL Gore & Associates launched M12 X-Code cable assembly while building a complete M8/M12 connector portfolio that focuses on sensor applications, data supports, and industrial communication. 

The Report Covers

  • Market value data analysis of 2021 and forecast to 2028.
  • Annualized market revenues ($ million) for each market segment.
  • Country-wise analysis of major geographical regions.
  • Key companies operating in the global satellite cables and assemblies market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
  • Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
  • Analysis of market entry and market expansion strategies.
  • Competitive strategies by identifying ‘who-stands-where’ in the market.

1. Report Summary

Current Industry Analysis and Growth Potential Outlook

Impact of COVID-19 on the Global Satellite Cables and Assemblies Market

Recovery Scenario of Global Satellite Cables and Assemblies Market

1.1. Research Methods and Tools

1.2. Market Breakdown

1.2.1. By Segments

1.2.2. BY Region

2. Market Overview and Insights

2.1. Scope of the Report

2.2. Analyst Insight & Current Market Trends

2.2.1. Key Findings

2.2.2. Recommendations

2.2.3. Conclusion

3. Competitive Landscape

3.1. Key Company Analysis

3.1.1. Amphenol

3.1.1.1. Overview

3.1.1.2. Financial Analysis 

3.1.1.3. SWOT Analysis

3.1.1.4. Recent Developments

3.1.2. Huber +Suhner

3.1.2.1. Overview

3.1.2.2. Financial Analysis 

3.1.2.3. SWOT Analysis

3.1.2.4. Recent Developments

3.1.3. Nexans S.A.

3.1.3.1. Overview

3.1.3.2. Financial Analysis 

3.1.3.3. SWOT Analysis

3.1.3.4. Recent Developments

3.1.4. T.E Connectivity Corp.

3.1.4.1. Overview

3.1.4.2. Financial Analysis 

3.1.4.3. SWOT Analysis

3.1.4.4. Recent Developments

3.1.5. W. L. Gore & Associates, Inc. 

3.1.5.1. Overview

3.1.5.2. Financial Analysis 

3.1.5.3. SWOT Analysis

3.1.5.4. Recent Developments

3.2. Key Strategy Analysis

3.3. Impact of Covid-19 on Key Players

4. Market Segmentation

4.1. Global Satellite Cables and Assemblies Market by Satellite Type

4.1.1. Small Satellite

4.1.2. Medium Satellite

4.1.3. Large Satellite

4.2. Global Satellite Cables and Assemblies Market by Cable Type

4.2.1. Round Cables

4.2.2. Flat/ Ribbon Cables

4.3. Global Satellite Cables and Assemblies Market by Conductor Material 

4.3.1. Metal Alloys

4.3.2. Fibers

4.4. Global Satellite Cables and Assemblies Market by Component

4.4.1. Cables

4.4.2. Connectors

4.4.3. Others

4.5. Global Satellite Cables and Assemblies Market by Insulation Type

4.5.1. Thermosetting

4.5.2. Thermoplastic

4.6. Global Satellite Cables and Assemblies Market by Conductor Type

4.6.1. Twisted pair

4.6.2. Coaxial

4.6.3. Fiber Optics

4.6.4. Shielded/ Jacketed

5. Regional Analysis

5.1. North America

5.1.1. United States

5.1.2. Canada

5.2. Europe

5.2.1. UK

5.2.2. Germany

5.2.3. Italy

5.2.4. Spain

5.2.5. France

5.2.6. Rest of Europe 

5.3. Asia-Pacific

5.3.1. China

5.3.2. India

5.3.3. Japan

5.3.4. South Korea

5.3.5. Rest of Asia-Pacific 

5.4. Rest of the World

6. Company Profiles 

6.1. AXON' CABLE SAS

6.2. ARROW ELECTRONICS

6.3. BEL FUSE INC.

6.4. CARLISLE INTERCONNECT TECHNOLOGIES

6.5. CICOIL CORP.

6.6. EATON CORP. PLC

6.7. LEONI AG

6.8. MEGGITT PLC

6.9. PRYSMIAN S.P.A

6.10. SMITHS GROUP PLC

1. GLOBAL SATELLITE CABLES AND ASSEMBLIES MARKET RESEARCH AND ANALYSIS BY SATELLITE TYPE, 2021-2028 ($ MILLION)

2. GLOBAL SATELLITE CABLES AND ASSEMBLIES FOR SMALL SATELLITE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)

3. GLOBAL SATELLITE CABLES AND ASSEMBLIES FOR  MEDIUM SATTELITE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)

4. GLOBAL SATELLITE CABLES AND ASSEMBLIES FOR LARGE SATTELITE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)

5. GLOBAL SATELLITE CABLES AND ASSEMBLIES MARKET RESEARCH AND ANALYSIS BY CABLE TYPE, 2021-2028 ($ MILLION)

6. GLOBAL SATELLITE CABLES AND ASSEMBLIES BY ROUND CABLES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)

7. GLOBAL SATELLITE CABLES AND ASSEMBLIES BY FLAT/RIBBON CABLES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)

8. GLOBAL SATELLITE CABLES AND ASSEMBLIES MARKET RESEARCH AND ANALYSIS BY CONDUCTOR MATERIAL, 2021-2028 ($ MILLION)

9. GLOBAL METAL ALLOYS SATELLITE CABLES AND ASSEMBLIES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)

10. GLOBAL FIBRES SATELLITE CABLES AND ASSEMBLIES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)

11. GLOBAL SATELLITE CABLES AND ASSEMBLIES MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2021-2028 ($ MILLION)

12. GLOBAL SATELLITE CABLES AND ASSEMBLIES BY CABLES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)

13. GLOBAL SATELLITE CABLES AND ASSEMBLIES BY CONDUCTORS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)

14. GLOBAL SATELLITE CABLES AND ASSEMBLIES BY OTHERS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)

15. GLOBAL SATELLITE CABLES AND ASSEMBLIES MARKET RESEARCH AND ANALYSIS BY INSULATION TYPE, 2021-2028 ($ MILLION)

16. GLOBAL SATELLITE CABLES AND ASSEMBLIES BY THERMOSETTING MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)

17. GLOBAL SATELLITE CABLES AND ASSEMBLIES BY THERMOPLASTIC MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)

18. GLOBAL SATELLITE CABLES AND ASSEMBLIES MARKET RESEARCH AND ANALYSIS BY CONDUCTOR TYPE, 2021-2028 ($ MILLION)

19. GLOBAL SATELLITE CABLES AND ASSEMBLIES BY TWISTED PAIR MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)

20. GLOBAL SATELLITE CABLES AND ASSEMBLIES BY COAXIAL MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)

21. GLOBAL SATELLITE CABLES AND ASSEMBLIES BY FIBER OPTICS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)

22. GLOBAL SATELLITE CABLES AND ASSEMBLIES BY SHIELFDED/JACKETED MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)

23. GLOBAL SATELLITE CABLES AND ASSEMBLIES MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2021-2028 ($ MILLION)

24. NORTH AMERICAN SATELLITE CABLES AND ASSEMBLIES MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)

25. NORTH AMERICAN SATELLITE CABLES AND ASSEMBLIES MARKET RESEARCH AND ANALYSIS BY SATELLITE TYPE, 2021-2028 ($ MILLION)

26. NORTH AMERICAN SATELLITE CABLES AND ASSEMBLIES MARKET RESEARCH AND ANALYSIS BY CABLE TYPE, 2021-2028 ($ MILLION)

27. NORTH AMERICAN SATELLITE CABLES AND ASSEMBLIES MARKET RESEARCH AND ANALYSIS BY CONDUCTOR MATERIAL, 2021-2028 ($ MILLION)

28. NORTH AMERICAN SATELLITE CABLES AND ASSEMBLIES MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2021-2028 ($ MILLION)

29. NORTH AMERICAN SATELLITE CABLES AND ASSEMBLIES MARKET RESEARCH AND ANALYSIS BY INSULATION TYPE, 2021-2028 ($ MILLION)

30. NORTH AMERICAN SATELLITE CABLES AND ASSEMBLIES MARKET RESEARCH AND ANALYSIS BY CONDUCTOR TYPE, 2021-2028 ($ MILLION)

31. EUROPEAN SATELLITE CABLES AND ASSEMBLIES MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)

32. EUROPEAN SATELLITE CABLES AND ASSEMBLIES MARKET RESEARCH AND ANALYSIS BY SATELLITE TYPE, 2021-2028 ($ MILLION)

33. EUROPEAN SATELLITE CABLES AND ASSEMBLIES MARKET RESEARCH AND ANALYSIS BY CABLE TYPE, 2021-2028 ($ MILLION)

34. EUROPEAN SATELLITE CABLES AND ASSEMBLIES MARKET RESEARCH AND ANALYSIS BY CONDUCTOR MATERIAL, 2021-2028 ($ MILLION)

35. EUROPEAN SATELLITE CABLES AND ASSEMBLIES MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2021-2028 ($ MILLION)

36. EUROPEAN SATELLITE CABLES AND ASSEMBLIES MARKET RESEARCH AND ANALYSIS BY INSULATION TYPE, 2021-2028 ($ MILLION)

37. EUROPEAN SATELLITE CABLES AND ASSEMBLIES MARKET RESEARCH AND ANALYSIS BY CONDUCTOR TYPE, 2021-2028 ($ MILLION)

38. ASIA-PACIFIC SATELLITE CABLES AND ASSEMBLIES MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)

39. ASIA-PACIFIC SATELLITE CABLES AND ASSEMBLIES MARKET RESEARCH AND ANALYSIS BY SATELLITE TYPE, 2021-2028 ($ MILLION)

40. ASIA-PACIFIC SATELLITE CABLES AND ASSEMBLIES MARKET RESEARCH AND ANALYSIS BY CABLE TYPE, 2021-2028 ($ MILLION)

41. ASIA-PACIFIC SATELLITE CABLES AND ASSEMBLIES MARKET RESEARCH AND ANALYSIS BY CONDUCTOR MATERIAL, 2021-2028 ($ MILLION)

42. ASIA-PACIFIC SATELLITE CABLES AND ASSEMBLIES MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2021-2028 ($ MILLION)

43. ASIA-PACIFIC SATELLITE CABLES AND ASSEMBLIES MARKET RESEARCH AND ANALYSIS BY INSULATION TYPE, 2021-2028 ($ MILLION)

44. ASIA-PACIFIC SATELLITE CABLES AND ASSEMBLIES MARKET RESEARCH AND ANALYSIS BY CONDUCTOR TYPE, 2021-2028 ($ MILLION)

45. REST OF THE WORLD SATELLITE CABLES AND ASSEMBLIES MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)

46. REST OF THE WORLD SATELLITE CABLES AND ASSEMBLIES MARKET RESEARCH AND ANALYSIS BY SATELLITE TYPE, 2021-2028 ($ MILLION)

47. REST OF THE WORLD SATELLITE CABLES AND ASSEMBLIES MARKET RESEARCH AND ANALYSIS BY CABLE TYPE, 2021-2028 ($ MILLION)

48. REST OF THE WORLD SATELLITE CABLES AND ASSEMBLIES MARKET RESEARCH AND ANALYSIS BY CONDUCTOR MATERIAL, 2021-2028 ($ MILLION)

49. REST OF THE WORLD SATELLITE CABLES AND ASSEMBLIES MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2021-2028 ($ MILLION)

50. REST OF THE WORLD SATELLITE CABLES AND ASSEMBLIES MARKET RESEARCH AND ANALYSIS BY INSULATION TYPE, 2021-2028 ($ MILLION)

51. REST OF THE WORLD SATELLITE CABLES AND ASSEMBLIES MARKET RESEARCH AND ANALYSIS BY CONDUCTOR TYPE, 2021-2028 ($ MILLION)

1. IMPACT OF COVID-19 ON GLOBAL SATELLITE CABLES AND ASSEMBLIES MARKET, 2021-2028 ($ MILLION)

2. IMPACT OF COVID-19 ON GLOBAL SATELLITE CABLES AND ASSEMBLIES MARKET BY SEGMENT, 2021-2028 ($ MILLION)

3. RECOVERY OF GLOBAL SATELLITE CABLES AND ASSEMBLIES MARKET, 2022-2028 (%)

4. GLOBAL SATELLITE CABLES AND ASSEMBLIES MARKET SHARE BY SATELLITE TYPE, 2021 VS 2028 (%)

5. GLOBAL SATELLITE CABLES AND ASSEMBLIES FOR SMALL SATELLITE MARKET REGION BY GEOGRAPHY, 2021 VS 2028 (%)

6. GLOBAL SATELLITE CABLES AND ASSEMBLIES FOR MEDIUM SATELLITE MARKET REGION BY GEOGRAPHY, 2021 VS 2028 (%)

7. GLOBAL SATELLITE CABLES AND ASSEMBLIES FOR LARGE SATELLITE MARKET REGION BY GEOGRAPHY, 2021 VS 2028 (%)

8. GLOBAL SATELLITE CABLES AND ASSEMBLIES MARKET SHARE BY CABLE TYPE, 2021 VS 2028 (%)

9. GLOBAL SATELLITE CABLES AND ASSEMBLIES BY ROUND CABLE MARKET REGION BY GEOGRAPHY, 2021 VS 2028 (%)

10. GLOBAL SATELLITE CABLES AND ASSEMBLIES BY FLAT/RIBBON CABLEMARKET REGION BY GEOGRAPHY, 2021 VS 2028 (%)

11. GLOBAL SATELLITE CABLES AND ASSEMBLIES MARKET SHARE BY CONDUCTOR MATERIAL, 2021 VS 2028 (%)

12. GLOBAL METAL ALLOYS SATELLITE CABLES AND ASSEMBLIES MARKET REGION BY GEOGRAPHY, 2021 VS 2028 (%)

13. GLOBAL FIBERS SATELLITE CABLES AND ASSEMBLIES MARKET REGION BY GEOGRAPHY, 2021 VS 2028 (%)

14. GLOBAL SATELLITE CABLES AND ASSEMBLIES MARKET SHARE BY COMPONENT, 2021 VS 2028 (%)

15. GLOBAL SATELLITE CABLES AND ASSEMBLIES BY CABLES MARKET REGION BY GEOGRAPHY, 2021 VS 2028 (%)

16. GLOBAL SATELLITE CABLES AND ASSEMBLIES BY CONNECTORS MARKET REGION BY GEOGRAPHY, 2021 VS 2028 (%)

17. GLOBAL SATELLITE CABLES AND ASSEMBLIES BY OTHERS MARKET REGION BY GEOGRAPHY, 2021 VS 2028 (%)

18. GLOBAL SATELLITE CABLES AND ASSEMBLIES MARKET SHARE BY INSULATION TYPE, 2021 VS 2028 (%)

19. GLOBAL SATELLITE CABLES AND ASSEMBLIES BY THERMOSETTING MARKET REGION BY GEOGRAPHY, 2021 VS 2028 (%)

20. GLOBAL SATELLITE CABLES AND ASSEMBLIES BY THERMOPLASTIC MARKET REGION BY GEOGRAPHY, 2021 VS 2028 (%)

21. GLOBAL SATELLITE CABLES AND ASSEMBLIES MARKET SHARE BY CONDUCTOR TYPE, 2021 VS 2028 (%)

22. GLOBAL SATELLITE CABLES AND ASSEMBLIES BY TWISTED PAIR MARKET REGION BY GEOGRAPHY, 2021 VS 2028 (%)

23. GLOBAL SATELLITE CABLES AND ASSEMBLIES BY COAXIAL MARKET REGION BY GEOGRAPHY, 2021 VS 2028 (%)

24. GLOBAL SATELLITE CABLES AND ASSEMBLIES BY FIBER OPTICS MARKET REGION BY GEOGRAPHY, 2021 VS 2028 (%)

25. GLOBAL SATELLITE CABLES AND ASSEMBLIES BY SHIELDED/JACKETED MARKET REGION BY GEOGRAPHY, 2021 VS 2028 (%)

26. GLOBAL SATELLITE CABLES AND ASSEMBLIES MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)

27. US SATELLITE CABLES AND ASSEMBLIES MARKET SIZE, 2021-2028 ($ MILLION)

28. CANADA SATELLITE CABLES AND ASSEMBLIES MARKET SIZE, 2021-2028 ($ MILLION)

29. UK SATELLITE CABLES AND ASSEMBLIES MARKET SIZE, 2021-2028 ($ MILLION)

30. FRANCE SATELLITE CABLES AND ASSEMBLIES MARKET SIZE, 2021-2028 ($ MILLION)

31. GERMANY SATELLITE CABLES AND ASSEMBLIES MARKET SIZE, 2021-2028 ($ MILLION)

32. ITALY SATELLITE CABLES AND ASSEMBLIES MARKET SIZE, 2021-2028 ($ MILLION)

33. SPAIN SATELLITE CABLES AND ASSEMBLIES MARKET SIZE, 2021-2028 ($ MILLION)

34. REST OF EUROPE SATELLITE CABLES AND ASSEMBLIES MARKET SIZE, 2021-2028 ($ MILLION)

35. INDIA SATELLITE CABLES AND ASSEMBLIES MARKET SIZE, 2021-2028 ($ MILLION)

36. CHINA SATELLITE CABLES AND ASSEMBLIES MARKET SIZE, 2021-2028 ($ MILLION)

37. JAPAN SATELLITE CABLES AND ASSEMBLIES MARKET SIZE, 2021-2028 ($ MILLION)

38. SOUTH KOREA SATELLITE CABLES AND ASSEMBLIES MARKET SIZE, 2021-2028 ($ MILLION)

39. REST OF ASIA-PACIFIC SATELLITE CABLES AND ASSEMBLIES MARKET SIZE, 2021-2028 ($ MILLION)

40. REST OF THE WORLD SATELLITE CABLES AND ASSEMBLIES MARKET SIZE, 2021-2028 ($ MILLION)