The global optical satellite communication market size valued USD 512 million in 2020 and expected to reach USD 1,042.6 million by 2027, at a CAGR of 12.9% during the forecast period 2021-2027. Factors which 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 requires huge data transfer is increasing the demand for optical satellite communication. However, over-crowding of bandwidth is restricting the market growth. This report studies global optical satellite communication market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, global optical satellite communication market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed global optical satellite communication market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product opportunities).