Guerrilla RF, Inc. (OTCQX: GUER), the Greensboro-based fabless semiconductor company yesterday announced its entry into the rapidly growing satellite communications (SATCOM) industry. According to Fortune Business Insights, the global SATCOM industry will grow from $29.98 billion in 2022 to $56.74 billion by 2029, a 9.54% compounded annual growth rate. Market growth will be driven by mobile applications and “Internet of Things” integration in a wide range of industries including agriculture, asset tracking, aviation, defense, energy, navigation, and weather monitoring.
