Optical Satellite Communication Market Reaches US$291.32-M in 2017, Predicted to Rise to US$2.85-M by 2026

Dublin, Ireland, June 27, 2019 — A new research has revealed that the Global Optical Satellite Communication market accounted for $291.32 million in 2017 and is expected to reach $2,861.89 million by 2026, growing at a CAGR of 28.9% during the forecast period.

Increasing usage of high network bandwidth, rising the adoption of various advanced technology, and high growth in emerging countries are some of the factors fuelling market growth. However, over-crowding of available bandwidth is restricting the market growth, says Research and Markets, which did the study.

Optical satellite communication is wireless cable networks that give optical data signals at high bit-rate using free space as a mode of average for communication. It becomes the most valuable innovation for long separation and high limit broadcast.

Based on Application, the backhaul segment has a significant growth during the forecast period due to the increasing adoption of various advanced technologies such as M2M communication, Internet of Things, etc., which require gigabit capacity. By Geography, the North America region is projected to grow at a considerable market share during the forecast period in terms of value. Countries such as the U.S. and Canada are expected to growth rates and market shares within the market of North America and high spending for space projects from government bodies of countries in this region.

Some of the key players profiled in the Optical Satellite Communication Market include Analytical Space Inc., ATLAS Space Operations, Inc., Ball Aerospace & Technologies Corp., BridgeSat Inc., HisdesatServiciosEstrategicos S.A., Laser Light Communications Inc., Maxar Technologies Ltd., Mitsubishi Electric Corporation, Mynaric AG and SITAEL S.p.A.

Among the Laser Types covered by the report are AIGaAs laser diode, CO2 laser, Microwave laser, Silex Laser and YAG laser. Transmission Mediums covered were Wireless and Intersatellite Links.

Applications covered in the report include -- Backhaul, Earth Observation, Enterprise Connectivity, Last mile access, Research and Space Exploration, Surveillance and Security, Telecommunication, Tracking and Monitoring, and Other Applications.

The report also offers -- Market share assessments for the regional and country level segments, Market share analysis of the top industry players, Strategic recommendations for the new entrants, Market forecasts for a minimum of 9 years of all the mentioned segments, sub-segments, and the regional markets, Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations), Strategic recommendations in key business segments based on the market estimations, Competitive landscaping mapping the key common trends, Company profiling with detailed strategies, financials, and recent developments, and Supply chain trends mapping the latest technological advancements.