Global Optical Satellite Communication Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast: 2019–2028

Global Optical Satellite Communication Market: Overview

“The global Optical Satellite Communication Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”

Optical satellite communication is also known as free-space optical communication that uses an optical communication technology. This optical communication technology uses light burgeoning in free space in order to remotely transfer data for PC setup and for telecom. This technology does not use physical transmissions cables such as optical fiber cable. Optical satellite communication technology is used where it is impossible to make connection physically in order to communicate.

Global Optical Satellite Communication Market: Dynamics

Optical satellite communication provides various advantages including easy construction network topology, low maintenance of networks, easy deployment, and low cost is a major factor expected to drive growth of the global optical satellite communication market. In addition, increasing usage of mobile phones has resulted into high demand for fast data transmission is factor expected to drive growth of the global optical satellite communication market. High government investments in various countries in order to transfer huge volume of data from satellite is additional factor projected to drive growth of the global optical satellite communication market.

Moreover, availability of multi-media services which includes audio-on-demand service, peer-to-peer service, and video-on-demand service have resulted into increased need of high network bandwidth is another key factor projected to drive growth of the global optical satellite communication market. Furthermore, advent of advanced technology such as Internet of Things and machine to machine communication is a factor anticipated to drive growth of the global optical satellite communication market.

Advent of 5G mobile network requires high data transfer rate which has resulted into need for optical satellite communication with an ability to offer high gigabit capacity at constant enhancement in speed at lower cost is factor expected to drive growth of the global market.

However, time delay reduces work efficiency of optical satellite communication is a major factor expected to hamper growth of the global optical satellite communication market.

Global Optical Satellite Communication Market: Segment Insights

Among the component segments, the transmitter segment is expected to account largest revenue share in the global optical satellite communication market. Rising need of high speed data transfer form satellite to ground is major factor expected to drive revenue growth of this segment.

Among the application segments, the surveillance and security segment is projected to register highest revenue share in the global optical satellite communication market. High usage of satellite technology by various governments and military agencies for security reason is a factor expected to support revenue growth of this segment.

Global Optical Satellite Communication Market: Region Insights

North America market is projected to account for highest revenue share in the global optical satellite communication market. High investments by the major players in the countries such as the US and Canada are major factor expected to drive growth of the North America optical satellite communication market.

Global Optical Satellite Communication Segmentation:

Segmentation by Component:

• Transmitter
• Receiver
• Modulator
• Demodulator

Segmentation by Application:

• Backhaul
• Earth Observation
• Enterprise Connectivity
• Last Mile Access
• Research and Space Exploration
• Surveillance and Security
• Telecommunication
• Tracking and Monitoring

Segmentation by Region:

• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa