Optical Satellite Communication Global Market Report 2022: Sector to Reach $22.55 Billion at a CAGR of 21.2%

DUBLIN, Jan. 16, 2023 /PRNewswire/ -- The "Optical Satellite Communication Global Market Report 2022" report has been added to  ResearchAndMarkets.com's offering.

The global optical satellite communication market is expected to grow from $8.50 billion in 2021 to $10.46 billion in 2022 at a compound annual growth rate (CAGR) of 23.1%. The optical satellite communication market is expected to reach $22.55 billion in 2026 at a CAGR of 21.2%.

North America was the largest region in the optical satellite communication market in 2021. The regions covered in the optical satellite communication market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The increase in penetration of smartphones is expected to propel the growth of the optical satellite communication market going forward. Smartphones refer to portable electronic gadgets with features such as the internet and integrated software applications that can perform computer functions. Smartphones depend on optical satellite communication for proper functioning, as this satellite communication helps to provide communication signals in remote areas.

For instance, in 2021, according to the National Health Authority of India, an Indian government agency, there were 1.18 billion mobile connections, 600 million smartphones, and 700 million Internet users in India, which is increasing by 25 million every quarter. Therefore, the increase in the penetration of phone users is driving the growth of the optical satellite communication market.

The emergence of laser communication relay systems has emerged as a key trend gaining popularity in the optical satellite communication market. Major companies operating in the optical satellite communication sector are focused on developing new advanced systems to sustain their position in the market.

For instance, in 2021, NASA, a US-based space agency, launched its new Laser Communications Relay Demonstration (LCRD) system. The LCRD will help the agency with optical communication in space. It will use optical communications instead of radio communications, which will further help increase the bandwidth 10 to 100 times more than radio frequency systems.

In November 2021, CACI, a US-based information technology company, acquired SA Photonics for a deal amount of $275 million. Through this acquisition, CACI will broaden its capabilities and services in the areas of free-space optical (FSO) communication, laser communications provider, supporting space, and airborne and terrestrial communications. SA Photonics is a US-based company that manufactures, designs, and develops advanced optical communications systems.

The countries covered in the optical satellite communication market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Scope
Markets Covered:

1) By Component: Transmitter; Receiver; Modulator; Demodulator; Other Components
2) By Laser Type: Yag Laser; Silex Laser; Microwave Laser; Co2 Laser; Aigaas Laser Diode
3) By Application: Backhaul; Surveillance And Security; Tracking And Monitoring; Earth Observation; Enterprise Connectivity; Research And Space Exploration; Telecommunication; Other Applications

Key Topics Covered:

1. Executive Summary

2. Optical Satellite Communication Market Characteristics

3. Optical Satellite Communication Market Trends And Strategies

4. Impact Of COVID-19 On Optical Satellite Communication

5. Optical Satellite Communication Market Size And Growth

6. Optical Satellite Communication Market Segmentation

7. Optical Satellite Communication Market Regional And Country Analysis

8. Asia-Pacific Optical Satellite Communication Market

9. China Optical Satellite Communication Market

10. India Optical Satellite Communication Market

11. Japan Optical Satellite Communication Market

12. Australia Optical Satellite Communication Market

13. Indonesia Optical Satellite Communication Market

14. South Korea Optical Satellite Communication Market

15. Western Europe Optical Satellite Communication Market

16. UK Optical Satellite Communication Market

17. Germany Optical Satellite Communication Market

18. France Optical Satellite Communication Market

19. Eastern Europe Optical Satellite Communication Market

20. Russia Optical Satellite Communication Market

21. North America Optical Satellite Communication Market

22. USA Optical Satellite Communication Market

23. South America Optical Satellite Communication Market

24. Brazil Optical Satellite Communication Market

25. Middle East Optical Satellite Communication Market

26. Africa Optical Satellite Communication Market

27. Optical Satellite Communication Market Competitive Landscape And Company Profiles

28. Key Mergers And Acquisitions In The Optical Satellite Communication Market

29. Optical Satellite Communication Market Future Outlook and Potential Analysis

30. Appendix

Companies Mentioned

• Mynaric AG
• Analytical Space Inc.
• ATLAS Space Operations Inc.
• BridgeSat Inc.
• Hisdesat Servicios Estrategicos S.A.
• Maxar Technologies Ltd.
• Mitsubishi Electric Corporation
• SITAEL S.p.A
• Ball Aerospace & Technologies Corp.
• Bridgecomm Inc
• Clutch Space Systems
• Skyloom Global Corp.
• Hfcl Limited
• Aperture Optical Sciences Inc.
• Honeywell Aerospace
• Synspective Inc.
• Toray International Inc.
• Transcelestial Technologies

For more information about this report visit https://www.researchandmarkets.com/r/qlfeko

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