Optical Satellite Communication Market Statistics: 2027
Optical satellite communication is also referred as free-space optical communication (FSO). Light propagating in free space is used to wirelessly transmit data from computer networking or telecommunication systems, using free space as their mode of median for communication to provide optical data signals at high bit-rate. In addition, optical satellite communication provides several benefits such as lower deployment cost, easy construction of network topology, efficient use of network resources, and higher data rates, which are anticipated to boost the optical satellite communication market growth.
COVID-19 Scenario Analysis:
- Since the COVID-19 virus outbreak in December 2019, the disease has spread to almost all countries around the globe, with the WHO declaring it a public health emergency. The global impacts of the disease are already starting to be felt, and expected to significantly affect the global optical satellite communication market in 2020.
- Though governments have imposed lockdowns to contain spread of the virus, which has made businesses to shift to online mode for operations. There is an increase in use of mobile phone, owing to which there is a load on the telecommunication sector. Optical satellite communication helps to set up proper communication using high bit rate which can help the growth of the optical satellite communication market.
- Increase in multimedia services such as peer-to-peer video-on-demand and audio-on-demand increases the need for high network bandwidth. Optical satellite communication can provide high network bandwidth at a low cost and is more reliable, which boosts the market growth.
- Overall, the pandemic is expected to have a positive impact on the global optical satellite communication market.
Top impacting factors: Market Scenario Analysis, Trends, Drivers, and Impact Analysis
Rise in telecommunication traffic across the globe, increase in number of mobile phone users, and need for reliable communication among end users are drive growth of the market. However, costly implementation and lack of technical expertise hampers the market growth. Furthermore, rise in adoption of various advanced technologies such as machine-to-machine communication and internet of things (IoT) in optical satellite communication is expected to provide lucrative opportunities for the global optical satellite communication market.
The market trends for global optical satellite communication market are as follows:
New products to flourish the market:
The optical satellite communication market is growing at a very fast pace across the globe. In addition, the market is very competitive so prominent players are adopting different strategies such as expansion of their services, new product launches, collaborations, partnerships, and mergers to increase their customer base. For instance, in 2018, Atlas Space Operations, Inc. and Xenesis, Inc. made an alliance to develop advanced optical satellite communication network particularly designed for high data flow from the space. Similarly, Ball Aerospace & Technologies made an alliance with Honeywell Corporation to produce high performance optical communication data links. All these strategies by prominent players are anticipated to fuel the market growth in the future.
North America expected to lead the market:
North America is expected to dominate the market growth, owing to growth in adoption of optical satellite communication solution in the U.S. and Canada. These countries heavily invest in new technologies and R&D. In addition, countries in the region, such as the U.S, use satellite communication in the defense sector to track defense activities globally from the orbit. They are equipping army defense trucks and aircrafts with satellite receivers, which is expected to boost the market growth. Asia-Pacific is also expected to witness a significant growth, owing to increase in digital satellite broadcasting and internet services. Governments from these countries are taking several initiatives, which is expected to fuel the optical satellite communication market growth, for instance, in 2018, France based CNES and ISRO, India, made a collaboration for an earth observation mission for high resolution imaging capability in optical and microwave technology.
Key benefits of the report:
- This study presents analytical depiction of the global optical satellite communication market along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the market share.
- The current market is quantitatively analyzed to highlight the global optical satellite communication market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the optical satellite communication market.
- The report provides a detailed optical satellite communication market analysis based on the present and future competitive intensity of the market.
Optical Satellite Communication Market Report Highlights
| Aspects | Details |
 By Component |
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 By Laser Type |
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 By Application |
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 By Region |
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 Key Market Players | Mynaric AG, Maxar Technologies Ltd., Laser Light Communications Inc., ATLAS Space Operations, Inc., Hisdesat Servicios Estrategicos S.A., BridgeSat Inc., Ball Aerospace & Technologies Corp., Analytical Space Inc., SITAEL S.p.A, Mitsubishi Electric Corporation |
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