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Optical Satellite Communication Market: By Component, By Application, and by Region Forecast 2019-2030
Optical Satellite Communication Market: By Component, By Application, and by Region Forecast 2019-2030
Optical Satellite Communication Market size was valued at US$ 782 million in 2023 and poised to reach US$ 1,342.6 million by 2030, at a CAGR of 12.9% from 2024-2030. Factors that are propelling the market are rapid technological advancements in machine-to-machine communication & internet of things, growing research and development activities, introduction of 5G mobile networks which require huge data transfer is increase the demand for optical satellite communication.
However, over-crowding of bandwidth is restricting the market growth. This report studies market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, the report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product opportunities).
Study Period
2024-2030Base Year
2023CAGR
12.9%Largest Market
Asia-PacificFastest Growing Market
North America
Constant research and improvement in optical satellite communication made an achievement in satellite communication information transmission innovation. For example, Space Applications Centre (SAC), is a major research and development centre of ISRO. The centre lies in development of space borne and air borne instruments / payloads and their applications for national development and societal benefits. Besides these, the centre also contributes significantly in scientific and planetary missions of ISRO like Chandrayaan-2, Mars Orbiter Mission, etc. The communication transponders developed at this Centre for the Indian National Satellite (INSAT) and Geosynchronous Satellite (GSAT) series of satellites are used by government and private sector for VSAT, DTH, Internet, broadcasting, telephony services, etc.
Asia Pacific accounted for larger revenue share in global optical satellite communication market with considerable CAGR. XX. This region is one of the key markets for optical satellite communication. The growth of this region can be attributed to huge number of initiatives provided by various government agencies. In addition, the demand for this market is also growing in countries such as U.S and Canada owing to huge spending made by North American government in space ventures.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2023 |
US$ 782 million |
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Market Size in 2030 |
US$ 1,342.6 million |
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Market CAGR |
12.9% |
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By Component |
|
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By Application |
|
|
By Region |
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Download Free Sample Report
The global optical satellite communication market size was valued at US$ 782 million in 2023 and is projected to grow at a CAGR of 12.9% from 2024 to 2030.
The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).
In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.
| 1.Executive Summary |
| 2.Global Optical Satellite Communication Market Introduction |
| 2.1.Global Optical Satellite Communication Market - Taxonomy |
| 2.2.Global Optical Satellite Communication Market - Definitions |
| 2.2.1.Component |
| 2.2.2.Application |
| 2.2.3.Region |
| 3.Global Optical Satellite Communication Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4.Global Optical Satellite Communication Market Analysis, 2019 - 2023 and Forecast 2024 - 2030 |
| 4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5.Global Optical Satellite Communication Market By Component, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 5.1. Demodulator |
| 5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Modulator |
| 5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Receiver |
| 5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 5.4. Transmitter |
| 5.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.4.3. Market Opportunity Analysis |
| 6.Global Optical Satellite Communication Market By Application, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 6.1. Tracking and Monitoring |
| 6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Telecommunication |
| 6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Surveillance and Security |
| 6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. Research and Space Exploration |
| 6.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 6.5. Last Mile Access |
| 6.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.5.3. Market Opportunity Analysis |
| 6.6. Enterprise Connectivity |
| 6.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.6.3. Market Opportunity Analysis |
| 6.7. Earth Observation |
| 6.7.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.7.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.7.3. Market Opportunity Analysis |
| 6.8. Backhaul |
| 6.8.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.8.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.8.3. Market Opportunity Analysis |
| 7.Global Optical Satellite Communication Market By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 7.1. North America |
| 7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Europe |
| 7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Asia Pacific (APAC) |
| 7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Middle East and Africa (MEA) |
| 7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. Latin America |
| 7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 8.North America Optical Satellite Communication Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 8.1. Component Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.1.1.Demodulator |
| 8.1.2.Modulator |
| 8.1.3.Receiver |
| 8.1.4.Transmitter |
| 8.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.2.1.Tracking and Monitoring |
| 8.2.2.Telecommunication |
| 8.2.3.Surveillance and Security |
| 8.2.4.Research and Space Exploration |
| 8.2.5.Last Mile Access |
| 8.2.6.Enterprise Connectivity |
| 8.2.7.Earth Observation |
| 8.2.8.Backhaul |
| 8.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.3.1.United States of America (USA) |
| 8.3.2.Canada |
| 9.Europe Optical Satellite Communication Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 9.1. Component Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1.Demodulator |
| 9.1.2.Modulator |
| 9.1.3.Receiver |
| 9.1.4.Transmitter |
| 9.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1.Tracking and Monitoring |
| 9.2.2.Telecommunication |
| 9.2.3.Surveillance and Security |
| 9.2.4.Research and Space Exploration |
| 9.2.5.Last Mile Access |
| 9.2.6.Enterprise Connectivity |
| 9.2.7.Earth Observation |
| 9.2.8.Backhaul |
| 9.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.3.1.Germany |
| 9.3.2.France |
| 9.3.3.Italy |
| 9.3.4.United Kingdom (UK) |
| 9.3.5.Spain |
| 10.Asia Pacific (APAC) Optical Satellite Communication Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 10.1. Component Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.Demodulator |
| 10.1.2.Modulator |
| 10.1.3.Receiver |
| 10.1.4.Transmitter |
| 10.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.Tracking and Monitoring |
| 10.2.2.Telecommunication |
| 10.2.3.Surveillance and Security |
| 10.2.4.Research and Space Exploration |
| 10.2.5.Last Mile Access |
| 10.2.6.Enterprise Connectivity |
| 10.2.7.Earth Observation |
| 10.2.8.Backhaul |
| 10.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.China |
| 10.3.2.India |
| 10.3.3.Australia and New Zealand (ANZ) |
| 10.3.4.Japan |
| 10.3.5.Rest of APAC |
| 11.Middle East and Africa (MEA) Optical Satellite Communication Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 11.1. Component Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.Demodulator |
| 11.1.2.Modulator |
| 11.1.3.Receiver |
| 11.1.4.Transmitter |
| 11.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.Tracking and Monitoring |
| 11.2.2.Telecommunication |
| 11.2.3.Surveillance and Security |
| 11.2.4.Research and Space Exploration |
| 11.2.5.Last Mile Access |
| 11.2.6.Enterprise Connectivity |
| 11.2.7.Earth Observation |
| 11.2.8.Backhaul |
| 11.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.GCC Countries |
| 11.3.2.South Africa |
| 11.3.3.Rest of MEA |
| 12.Latin America Optical Satellite Communication Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 12.1. Component Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.Demodulator |
| 12.1.2.Modulator |
| 12.1.3.Receiver |
| 12.1.4.Transmitter |
| 12.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.Tracking and Monitoring |
| 12.2.2.Telecommunication |
| 12.2.3.Surveillance and Security |
| 12.2.4.Research and Space Exploration |
| 12.2.5.Last Mile Access |
| 12.2.6.Enterprise Connectivity |
| 12.2.7.Earth Observation |
| 12.2.8.Backhaul |
| 12.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.Brazil |
| 12.3.2.Mexico |
| 12.3.3.Rest of LA |
| 13. Competition Landscape |
| 13.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 13.2.1.ATLAS Space Operations, Inc. |
| 13.2.2.BridgeSat Inc. |
| 13.2.3.HisdesatServiciosEstrategicos S.A. |
| 13.2.4.Analytical Space Inc. |
| 13.2.5.Maxar Technologies Ltd. |
| 13.2.6.Mitsubishi Electric Corporation |
| 13.2.7.SITAEL S.p.A |
| 13.2.8.Ball Aerospace & Technologies Corp. |
| 13.2.9.Laser Light Communications Inc. |
| 13.2.10.Mynaric AG |
| 14. Research Methodology |
| 15. Appendix and Abbreviations |
Key Market Players
Author
Sravani is a proficient Business Analyst with an MBA and a background in Computer Science, with seven years of experience in the field of market research. Sravani is adept at creating competitive evaluations, precise market estimations, and market projections, emphasizing the food and beverage and information and communication technology (ICT) industries. Her areas of competence are identifying important players, projecting market trends, and assessing the potential for industry growth. She applies a strong analytical approach to provide precise market estimates and thorough industry analysis, empowering organizations to make data-driven decisions. Sravani's estimating and forecasting abilities are essential for businesses to take advantage of new opportunities and effectively manage dynamic market environments.