Optical Satellite Communication Market - Expected to Reach US $4,238.7 Mn in 2027 at a CAGR of 31.5%

Albany, NY -- (SBWire) -- 05/20/2019 --Optical satellite communication and free space optical communication are wireless telecommunication networks that provide optical data signals at high bit-rate using free space as a mode of median for communication. The global optical satellite communication market generated revenue of US$ 297.2 Mn in 2017 and is expected to reach US$ 4,238.7 Mn in 2027 at a CAGR of 31.5% during the forecast period.

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Governments of various countries are investing in different optical communication projects to develop high data rate links. For instance, in 2018, NASA signed an agreement with BridgeSat Inc. to develop a space optical communication system for the agency. Similarly, The European Space Agency operates optical data relay services known as EDRS. The agency launched the Copernicus earth observation project with five LEO satellites, which offer optical communication for data transmission. In addition, various advantages such as huge modulation bandwidth, narrow beam divergence, less power and mass requirement, high directivity, unlicensed spectrum, and high security make optical satellite communication a promising candidate for next generation (5G) network as it requires high data rate (high speed and bandwidth capacity) which drives the need for high capacity backhaul links.

The optical satellite communication market has been segmented based on component, application, and region. On the basis of component, the market is segmented into transmitter, receiver, modulator, demodulator, and others. According to the research, the transmitter segment held the dominant position in the market and is expected to retain its dominance throughout the forecast period. Increasing demand for high speed data transfer from satellite-to-ground is one of the major factors responsible for the expansion of the segment. High data rates have increased the demand for continuous R&D in optical satellite communication components.

Based on application, the market is segmented into backhaul, surveillance and security, tracking and monitoring, earth observation, enterprise connectivity, last mile access, research and space exploration, telecommunication, and others.According to the research,the surveillance and security application held the dominant position in the market and is expected to retain its dominance throughout the forecast period.

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The global optical satellite communication market is segmented as below:

Global Optical Satellite Communication Market, by Component

Transmitter
Receiver
Modulator
Demodulator
Others

Global Optical Satellite Communication Market, by Application

Backhaul
Surveillance and Security
Tracking and Monitoring
Earth Observation
Enterprise Connectivity
Last mile access
Research and Space Exploration
Telecommunication
Others

Global Optical Satellite Communication Market, by Geography

North America
The U.S.
Canada
Rest of North America
Europe
The U.K
Germany
France
Spain
Rest of Europe
Asia Pacific (APAC)
India
China
Japan
Australia
Rest of Asia Pacific
Middle East & Africa (MEA)
GCC Countries
Rest of Middle East & Africa
South America
Brazil
Rest of South America