Optical Satellite Communication Market Scope
As satellites are sent into outer space for various reasons like space exploration, research, the communication between earth and the satellite is extremely crucial for communication and data gathering. There are several methods used for satellite communications and optical satellite communication is one of them. Instead of using radiofrequency for satellite communication, optical satellite communication uses lasers. Optical communication systems are compact and much more energy-efficient than alternatives. Quite high data rate connections to the Moon, Mars, and perhaps beyond would be possible thanks to optical networking technologies.
High engineering expertise is required to operate in this market. There is also a lack of enough skilled workers to operate in this market. North America has the largest share of the market followed by Europe and the Asia Pacific. The rise of private players will be a big opportunity for Optical Satellite Communication manufacturers.
Analytical Space Inc. (United States), ATLAS Space Operations, Inc. (United States), BridgeSat Inc. (United States), Hisdesat Servicios Estrategicos S.A. (Spain), Maxar Technologies Ltd. (United States), Mitsubishi Electric Corporation (Japan), SITAEL S.p.A (Italy), Ball Aerospace & Technologies Corp. (United States), Mynaric AG (Germany) and Laser Light Communications Inc. (United States) are some of the key players that are part of study coverage.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
The study have segmented the market of Global Optical Satellite Communication market by Type (Transmitters, Receivers, Demodulator and Other), by Application (Telecommunication, Surveillance and Security, Earth Observation, Enterprise Connectivity, Research And Space Exploration and Others) and Region with country level break-up.
On the basis of geography, the market of Optical Satellite Communication has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Leaders and their expansionary development strategies
On November 2021 CACI has Acquire Optical Communications Tech Provider SA Photonics for USD 275M.The acquisition will help lCACI to expand is presence in untapped market
Market Trend
- Growing Innovation to Make Optical Satellite Communication Even More Reliable
Market Drivers
- Need of Reliable Satellite Communication
- The demand for Optical Satellite Communication Due to Its Compact Size
Opportunities
- Increasing Investment in Space Technology Will Increase Demand for Optical Satellite Communication
- Rise of Start-Ups in Optical Satellite Communication Market Will Increase the Demand of Optical Satellite Communication
Restraints
- Sun Is Noise Source for Optical Detectors
Challenges
- Cloud Coverage Is Challenging for Optical Satellite Communication Systems
- Limited Number of Buyers Are Available for Optical Satellite Communication Systems
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Optical Satellite Communication Manufacturers, Suppliers, and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations, End-Use Industries and Others