Home Press Releases Optical Satellite Communication Market worth $1,134 million by 2028

Optical Satellite Communication Market worth $1,134 million by 2028

by Press Room


(EMAILWIRE.COM, August 21, 2023 ) The Optical satellite communication market is valued at USD 282 million in 2023 and is projected to reach USD 1134 million by 2028, at a CAGR of 32.1% from 2023 to 2028. With advancements in electronics, communication equipment (antenna, radio, etc.), and information technology, the world is today moving towards digitalization. Information quality is a crucial aspect of Optical satellite communication in the digital space. OSC has substantially faster data rates than standard satellite communication systems, making it perfect for video streaming, cloud computing, and remote sensing. It provides decreased latency, which is vital for real-time data transfer applications such as air traffic control and military communications. OSC is more secure than typical satellite communication methods because laser beams are significantly more difficult to intercept and decode than RF signals. Due to these requirements, market players put enormous efforts into developing technologically advanced Optical satellite communication. The report on the Optical satellite communication market provides a detailed trend analysis from 2020 to 2028. It discusses industry and technology trends prevailing in the market and drivers, restraints, challenges, and opportunities that influence the market’s growth.

Download PDF Brochure @

https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=181507372

Optical communication satellites, also known as laser communication satellites or free-space optical communication (FSO) satellites, communicate data over space using laser beams. OSC has become more cost-effective and efficient due to lasers and photodetectors. As the satellite industry moves toward smaller, more cost-effective satellite designs, optical communication technology is being integrated into small satellites known as SmallSats or CubeSats. The goal of this trend is to make high-speed data connections available to a broader range of missions and applications.

Not only is optical communication technology being researched for inter-satellite communication, but also for communication between satellites and ground stations. High-speed space-to-ground links could enable faster and more efficient data transmission from space-based assets to Earth, which is critical for real-time data transmission.

Based on the type, the optical satellite communication market has been segmented broadly into Satellite-to-satellite communication and Ground -to- satellite- communication Terminals. Here Satellite-to-satellite communication is leading this segment. This segment involves the use of optical communication links to establish high-speed data connections between different satellites in space. This is crucial for satellite constellations that require frequent crosslinks for data sharing, synchronization, and coordination.

Based on components, the optical satellite communication market has been segmented into Transmitter, Receivers, Amplifiers, Transponders, Antenna, Converter & Others. Transponders dominate the market in the components segment because transponders are devices that amplify and retransmit signals. Transponders enable the modulation of data onto the optical carrier signal for transmission and the subsequent demodulation of received signals to extract the original data. This modulation-demodulation process is essential for encoding and decoding information accurately.

Based on the Laser type, the optical satellite communication market has been segmented into GaAs laser diode CO2 laser, Solid state-based laser, INP-based laser, Microwave laser, Yag laser, & others. GaAs-based lasers seem to dominate this segment. Gallium arsenide (GaAs) based lasers are used in optical satellite communication because they offer a number of advantages over other types of high efficiency, Inter-satellite links, and compact size. GaAs-based lasers can be modulated throughout a wide frequency range, enabling the encoding and transmission of high-data-rate signals. GaAs are compatible with other photonic components used in optical communication systems, making laser integration with modulators, detectors, and other optical components easier.

Based on the Application, the optical satellite communication market has been segmented into Telecommunication & cellular backhaul, Business & Enterprise, Earth Observation & Remote sensing, Scientific research & exploration, Transportation & Logistics, Government & Defense & Others. The Government & Defense sector will dominate the optical satellite communication market in 2023. They have the potential to provide secure and reliable communication for a variety of applications, such as military communications, disaster relief, and government services. Governments around the world are largely investing in optical satellite communication technologies.

Based on region, North America has a long history of innovation in satellite technology. The region is home to renowned space agencies such as NASA and private aerospace companies like SpaceX and Boeing. These organizations have a wealth of technical expertise that enables them to develop and deploy cutting-edge technologies, including optical satellite communication systems. Optical satellite communication systems offer several advantages over traditional radio frequency (RF) systems, including higher data rates and reduced latency. This makes them ideal for applications that require the transmission of large volumes of data in real-time, such as interplanetary missions, deep-space probes, and Mars rovers. North American space agencies have been investing heavily in optical satellite communication technology. This is because they recognize the potential of this technology to revolutionize space exploration and research. Optical satellite communication systems will enable scientists to collect and transmit more data from space, which will lead to new discoveries and insights into the universe.

Ask for Sample Report @

https://www.marketsandmarkets.com/requestsampleNew.asp?id=181507372

About MarketsandMarkets™

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ’GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.



Source link

You may also like

About Us

Arab Africana™ publishes and aggregates business, socio-economic, Tech and industrial news on Arab countries in Africa.

 

We provide press release distribution to media in Africa including Arab countries, the Arab world and the GCC/MENA regions. To submit a press release for distribution, contact us today.

Trending Now

Newsletter

    ArabAfricana logo-white

    Arab Africana is part of GroupWeb Media Network. ©  2024 GroupWeb Media LLC