Dear Student,
Although space wave propagation provide us an efficient way of transfer as the signals are reflected from Ionosphere but it has both pros and cons. Let's have a view of them.
PROS-
1)- It utilizes the reflective property of ionosphere available above the earth at higher frequencies so it is efficient in its mode of operation.
2)- It is the most simple mode of propagation and provides continuous support in communications.
CONS-
1)- Ionosphere is present at different heights during night time and day time respectively. Due to this, Skywaves have to travel longer or smaller distances.
2)- Transmitter signal travels multiple hops before reaching the receiver. This reduces signal strength considerably if distances are larger between transmitter and receiver antennas.
Regards