Optical Satellite Communication Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Optical Satellite Communication Market
The optical satellite communication market size was valued at USD 1.51 billion in 2022, and the market is now projected to grow from USD 1.77 billion in 2023 to USD 5.12 billion by 2030, exhibiting a CAGR of 16.4% during the forecast period of 2023-2030.
Technological upgrades in optical conversation, which utilizes laser beams to transmit statistics among satellites and floor stations, are drastically boosting marketplace increase. This technology is an increasing number of popular due to its high bandwidth talents and immunity to interference, supplying significant benefits over traditional radio frequency systems. As a result, there may be a growing adoption of optical conversation in diverse packages, driving innovation and enlargement in the market. The superior performance and reliability of optical communiqué structures cause them to an attractive desire for satellite communication and other records-extensive operations.
The improvement of portable ground stations is a current trend in optical satellite tv for pc conversation. These stations are small, light-weight, and clean to transport, making them best for discipline operations and disaster response situations. Their portability and performance enhance the power and effectiveness of optical conversation systems in numerous programs.
Comprehensive Analysis of Optical Satellite Communication Market
The optical satellite communication market growth is rising at an exponential rate due to its market segmentation. This market expansion effectively provides a detailed regional assessments considering the dominant supply and demand forces that impact the industry. These segmentations are methodically segregated by laser type analysis, by application analysis and by component analysis. By laser type analysis include, YAG laser, Silex laser, CO2 laser, and others. By application analysis include, telecommunication, tracking & monitoring, surveillance & security, space exploration, earth observation, and others. By component analysis includes, transmitter, receiver, antenna, modular, and others.
The North America region leads the optical satellite communication market share by benefitting a market size of USD 0.71 billion in 2022 due to the adoption of optical communication satellite.
The top players in the market play a crucial role in the industry assuring market growth and setting market standards. These players include Ball Corporation (U.S.), BridgeComm, Inc. (U.S.), Honeywell International Inc. (U.S.), Laser Light Communications (U.S.), Mynaric (Germany), NEC Corporation (Japan), Surrey Satellite Technology (U.K.), Starlink (U.S.), Thales Group (France), Tesat-Space GmbH & Co. KG (Germany)., these market players provide a level-playing competitive landscape.
In March 2023, The European Space Agency (ESA) extended a contract with Surrey Satellite Technology Ltd (SSTL) to provide additional communications services from Lunar Pathfinder, scheduled for launch in 2025, creating new opportunities for low-cost lunar exploration, technology demonstration, and reconnaissance missions.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2019-2030
Base Year 2022
Estimated Year 2023
Forecast Period 2023-2030
Historical Period 2019-2021
Growth Rate CAGR of16.4% from 2023 to 2030
Unit Value (USD Billion)
Segmentation By Laser Type, Application, Component, and Geography
By Laser Type
YAG Laser
Silex Laser
CO2 Laser
Others
By Application
Telecommunication
Tracking & Monitoring
Surveillance & Security
Space Exploration
Earth Observation
- Others
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- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 4. Key Insights
- 4.1. Key Industry Developments – Key Contracts & Agreements, Mergers, Acquisitions and Partnerships
- 4.2. Latest technological Advancements
- 4.3. Porters Five Forces Analysis
- 4.4. Supply Chain Analysis
- 4.5. Impact of COVID-19 Pandemic on Global Optical Satellite Communication Market
- 5. Global Optical Satellite Communication Market Analysis, Insights and Forecast, 2019-2030
- 5.1. Key Findings / Segmental Definitions
- 5.2. Market Analysis, Insights and Forecast – By Laser Type
- 5.2.1. YAG Laser
- 5.2.2. Silex Laser
- 5.2.3. CO2 Laser
- 5.2.4. Others
- 5.3. Market Analysis, Insights and Forecast – By Application
- 5.3.1. Telecommunication
- 5.3.2. Tracking & Monitoring
- 5.3.3. Surveillance & Security
- 5.3.4. Space Exploration
- 5.3.5. Earth Observation
- 5.3.6. Others
- 5.4. Market Analysis, Insights and Forecast – By Component
- 5.4.1. Transmitter
- 5.4.2. Receiver
- 5.4.3. Antenna
- 5.4.4. Modular
- 5.4.5. Others
- 5.5. Market Analysis, Insights and Forecast – By Region
- 5.5.1. North America
- 5.5.2. Europe
- 5.5.3. Asia Pacific
- 5.5.4. Rest of the World
- 6. North America Optical Satellite Communication Market Analysis, Insights and Forecast, 2019-2030
- 6.1. Market Analysis, Insights and Forecast – By Laser Type
- 6.1.1. YAG Laser
- 6.1.2. Silex Laser
- 6.1.3. CO2 Laser
- 6.1.4. Others
- 6.2. Market Analysis, Insights and Forecast – By Application
- 6.2.1. Telecommunication
- 6.2.2. Tracking & Monitoring
- 6.2.3. Surveillance & Security
- 6.2.4. Space Exploration
- 6.2.5. Earth Observation
- 6.2.6. Others
- 6.3. Market Analysis, Insights and Forecast – By Component
- 6.3.1. Transmitter
- 6.3.2. Receiver
- 6.3.3. Antenna
- 6.3.4. Modular
- 6.3.5. Others
- 6.4. Market Analysis – By Country
- 6.4.1. U.S.
- 6.4.1.1. Market Analysis, Insights and Forecast – By Component
- 6.4.1.1.1. Transmitter
- 6.4.1.1.2. Receiver
- 6.4.1.1.3. Antenna
- 6.4.1.1.4. Modular
- 6.4.1.1.5. Others
- 6.4.2. Canada
- 6.4.2.1. Market Analysis, Insights and Forecast – By Component
- 6.4.2.1.1. Transmitter
- 6.4.2.1.2. Receiver
- 6.4.2.1.3. Antenna
- 6.4.2.1.4. Modular
- 6.4.2.1.5. Others
- 7. Europe Optical Satellite Communication Market Analysis, Insights and Forecast, 2019-2030
- 7.1. Market Analysis, Insights and Forecast – By Laser Type
- 7.1.1. YAG Laser
- 7.1.2. Silex Laser
- 7.1.3. CO2 Laser
- 7.1.4. Others
- 7.2. Market Analysis, Insights and Forecast – By Application
- 7.2.1. Telecommunication
- 7.2.2. Tracking & Monitoring
- 7.2.3. Surveillance & Security
- 7.2.4. Space Exploration
- 7.2.5. Earth Observation
- 7.2.6. Others
- 7.3. Market Analysis, Insights and Forecast – By Component
- 7.3.1. Transmitter
- 7.3.2. Receiver
- 7.3.3. Antenna
- 7.3.4. Modular
- 7.3.5. Others
- 7.4. Market Analysis – By Country
- 7.4.1. U.K.
- 7.4.1.1. Market Analysis, Insights and Forecast – By Component
- 7.4.1.1.1. Transmitter
- 7.4.1.1.2. Receiver
- 7.4.1.1.3. Antenna
- 7.4.1.1.4. Modular
- 7.4.1.1.5. Others
- 7.4.2. Germany
- 7.4.2.1. Market Analysis, Insights and Forecast – By Component
- 7.4.2.1.1. Transmitter
- 7.4.2.1.2. Receiver
- 7.4.2.1.3. Antenna
- 7.4.2.1.4. Modular
- 7.4.2.1.5. Others
- 7.4.3. France
- 7.4.3.1. Market Analysis, Insights and Forecast – By Component
- 7.4.3.1.1. Transmitter
- 7.4.3.1.2. Receiver
- 7.4.3.1.3. Antenna
- 7.4.3.1.4. Modular
- 7.4.3.1.5. Others
- 7.4.4. Italy
- 7.4.4.1. Market Analysis, Insights and Forecast – By Component
- 7.4.4.1.1. Transmitter
- 7.4.4.1.2. Receiver
- 7.4.4.1.3. Antenna
- 7.4.4.1.4. Modular
- 7.4.4.1.5. Others
- 7.4.5. Russia
- 7.4.5.1. Market Analysis, Insights and Forecast – By Component
- 7.4.5.1.1. Transmitter
- 7.4.5.1.2. Receiver
- 7.4.5.1.3. Antenna
- 7.4.5.1.4. Modular
- 7.4.5.1.5. Others
- 7.4.6. Rest of Europe
- 7.4.6.1. Market Analysis, Insights and Forecast – By Component
- 7.4.6.1.1. Transmitter
- 7.4.6.1.2. Receiver
- 7.4.6.1.3. Antenna
- 7.4.6.1.4. Modular
- 7.4.6.1.5. Others
- 8. Asia pacific Optical Satellite Communication Market Analysis, Insights and Forecast, 2019-2030
- 8.1. Market Analysis, Insights and Forecast – By Laser Type
- 8.1.1. YAG Laser
- 8.1.2. Silex Laser
- 8.1.3. CO2 Laser
- 8.1.4. Others
- 8.2. Market Analysis, Insights and Forecast – By Application
- 8.2.1. Telecommunication
- 8.2.2. Tracking & Monitoring
- 8.2.3. Surveillance & Security
- 8.2.4. Space Exploration
- 8.2.5. Earth Observation
- 8.2.6. Others
- 8.3. Market Analysis, Insights and Forecast – By Component
- 8.3.1. Transmitter
- 8.3.2. Receiver
- 8.3.3. Antenna
- 8.3.4. Modular
- 8.3.5. Others
- 8.4. Market Analysis – By Country
- 8.4.1. China
- 8.4.1.1. Market Analysis, Insights and Forecast – By Component
- 8.4.1.1.1. Transmitter
- 8.4.1.1.2. Receiver
- 8.4.1.1.3. Antenna
- 8.4.1.1.4. Modular
- 8.4.1.1.5. Others
- 8.4.2. Japan
- 8.4.2.1. Market Analysis, Insights and Forecast – By Component
- 8.4.2.1.1. Transmitter
- 8.4.2.1.2. Receiver
- 8.4.2.1.3. Antenna
- 8.4.2.1.4. Modular
- 8.4.2.1.5. Others
- 8.4.3. India
- 8.4.3.1. Market Analysis, Insights and Forecast – By Component
- 8.4.3.1.1. Transmitter
- 8.4.3.1.2. Receiver
- 8.4.3.1.3. Antenna
- 8.4.3.1.4. Modular
- 8.4.3.1.5. Others
- 8.4.4. South Korea
- 8.4.4.1. Market Analysis, Insights and Forecast – By Component
- 8.4.4.1.1. Transmitter
- 8.4.4.1.2. Receiver
- 8.4.4.1.3. Antenna
- 8.4.4.1.4. Modular
- 8.4.4.1.5. Others
- 8.4.5. Rest of Asia Pacific
- 8.4.5.1. Market Analysis, Insights and Forecast – By Component
- 8.4.5.1.1. Transmitter
- 8.4.5.1.2. Receiver
- 8.4.5.1.3. Antenna
- 8.4.5.1.4. Modular
- 8.4.5.1.5. Others
- 9. Rest of the World Optical Satellite Communication Market Analysis, Insights and Forecast, 2019-2030
- 9.1. Market Analysis, Insights and Forecast – By Laser Type
- 9.1.1. YAG Laser
- 9.1.2. Silex Laser
- 9.1.3. CO2 Laser
- 9.1.4. Others
- 9.2. Market Analysis, Insights and Forecast – By Application
- 9.2.1. Telecommunication
- 9.2.2. Tracking & Monitoring
- 9.2.3. Surveillance & Security
- 9.2.4. Space Exploration
- 9.2.5. Earth Observation
- 9.2.6. Others
- 9.3. Market Analysis, Insights and Forecast – By Component
- 9.3.1. Transmitter
- 9.3.2. Receiver
- 9.3.3. Antenna
- 9.3.4. Modular
- 9.3.5. Others
- 9.4. Market Analysis – By Sub-Region
- 9.4.1. Latin America
- 9.4.1.1. Market Analysis, Insights and Forecast – By Component
- 9.4.1.1.1. Transmitter
- 9.4.1.1.2. Receiver
- 9.4.1.1.3. Antenna
- 9.4.1.1.4. Modular
- 9.4.1.1.5. Others
- 9.4.2. Middle East & Africa
- 9.4.2.1. Market Analysis, Insights and Forecast – By Component
- 9.4.2.1.1. Transmitter
- 9.4.2.1.2. Receiver
- 9.4.2.1.3. Antenna
- 9.4.2.1.4. Modular
- 9.4.2.1.5. Others
- 10. Competitive Analysis
- 10.1. Global Market Rank Analysis (2022)
- 10.2. Competition Dashboard
- 11. Company Profiles (Overview, Products & services, SWOT analysis, Recent developments, strategies, financials (based on availability))
- 11.1. Ball Aerospace & Technologies (U.S.)
- 11.1.1. Overview,
- 11.1.2. Products & services,
- 11.1.3. SWOT analysis,
- 11.1.4. Recent developments,
- 11.1.5. strategies,
- 11.1.6. financials (based on availability)
- 11.2. BridgeSat Inc. (U.S.)
- 11.2.1. Overview,
- 11.2.2. Products & services,
- 11.2.3. SWOT analysis,
- 11.2.4. Recent developments,
- 11.2.5. strategies,
- 11.2.6. financials (based on availability)
- 11.3. Honeywell International Inc. (U.S.)
- 11.3.1. Overview,
- 11.3.2. Products & services,
- 11.3.3. SWOT analysis,
- 11.3.4. Recent developments,
- 11.3.5. strategies,
- 11.3.6. financials (based on availability)
- 11.4. Laser Light Communication Inc. (U.S.)
- 11.4.1. Overview,
- 11.4.2. Products & services,
- 11.4.3. SWOT analysis,
- 11.4.4. Recent developments,
- 11.4.5. strategies,
- 11.4.6. financials (based on availability)
- 11.5. Mynari AG (Germany)
- 11.5.1. Overview,
- 11.5.2. Products & services,
- 11.5.3. SWOT analysis,
- 11.5.4. Recent developments,
- 11.5.5. strategies,
- 11.5.6. financials (based on availability)
- 11.6. NEC Corporation (Japan)
- 11.6.1. Overview,
- 11.6.2. Products & services,
- 11.6.3. SWOT analysis,
- 11.6.4. Recent developments,
- 11.6.5. strategies,
- 11.6.6. financials (based on availability)
- 11.7. Starlink (U.S.)
- 11.7.1. Overview,
- 11.7.2. Products & services,
- 11.7.3. SWOT analysis,
- 11.7.4. Recent developments,
- 11.7.5. strategies,
- 11.7.6. financials (based on availability)
- 11.8. Surrey Satellite Technology (U.K.)
- 11.8.1. Overview,
- 11.8.2. Products & services,
- 11.8.3. SWOT analysis,
- 11.8.4. Recent developments,
- 11.8.5. strategies,
- 11.8.6. financials (based on availability)
- 11.9. Tesat-Spacecom GmbH & Co. KG (TESAT) (Germany)
- 11.9.1. Overview,
- 11.9.2. Products & services,
- 11.9.3. SWOT analysis,
- 11.9.4. Recent developments,
- 11.9.5. strategies,
- 11.9.6. financials (based on availability)
- 11.10. Thales Alenia Space (France)
- 11.10.1. Overview,
- 11.10.2. Products & services,
- 11.10.3. SWOT analysis,
- 11.10.4. Recent developments,
- 11.10.5. strategies,
- 11.10.6. financials (based on availability)
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