"Smart Strategies, Giving Speed to your Growth Trajectory"
Optical satellite communication is a wireless telecommunication network that operates on optical frequency as a medium to deliver data signals at high bit-rate. Optical satellite communication uses free space as a medium for communication. The optical satellite consists of a transmitter, receiver, and channel. Optical satellite communication has various advantages over RF satellite system that include a wider bandwidth, larger capacity, low power consumption, better security measures, more compact equipment, higher immunity against unauthorized interfaces.
Governments of various countries are investing in resources for the development of optical satellite communication to generate a high information rate. The increasing investments by government and key players in the telecommunication industry would help to improve the connectivity and increase the optical satellite communication market. According to the sources, during 2016-2018, SpaceX constellation has invested around US$ 1,185 Mn for various space projects including ‘The Big Falcon Rocket’, ‘Falcon 9’ and others. Furthermore, the global space economy was estimated at around US$ 345 Bn by the end of 2017.
To gain extensive insights into the market, Request for Customization
Rising market of direct to home television (DTH) and GNSS products and services are expected to drive the growth of this market in the forecast period. For instance, in 2017, the global DTH market was valued at around US$ 100 Bn and global GNSS products and services market was valued at about the US $85 Bn.
Growth in mobile and other smart devices traffic has also boosted the demand for additional bandwidth and a large number of backhaul connections. For instance, according to sources, by the end of 2022, smartphone users are anticipated to reach around a value of 6.65 billion, from 4.20 billion in 2017. Optical satellite communication can handle wide bandwidth and high gigabit capacity backhaul links.
Key players in global optical satellite communication market are ATLAS Space Operations, Inc., Analytical Space Inc., Hisdesat Servicios Estrategicos S.A., BridgeSat Inc., Mitsubishi Electric Corporation, Maxar Technologies Ltd., SITAEL S.p.A, Mynaric AG, Laser Light Communications Inc., and others.
· Surveillance and Security
· Earth Observation
· Tracking and Monitoring
· Research and Space Exploration
· North America (the USA and Canada)
· Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)
· Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
· Latin America (Brazil, Mexico and Rest of Latin America)
· Middle East & Africa (South Africa, GCC and Rest of the Middle East & Africa)
North America is expected to dominate the global optical satellite communication market in terms of revenue in the forecast period. This substantial growth is owing due to the implementation of advanced technologies such as IoT and M2M solutions in optical satellites. However, Asia-Pacific is anticipated to witness the highest growth rate during the forecast period. This growth is mainly due to the rise in spending in space missions and collaboration between different countries government in emerging economies such as India, and South Korea. For example, in 2018, ISRO (space agency of India) and CNES (space agency of France) merged for an earth observation operation for high-resolution imaging ability in optical technology.
“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”- One of the Leading Food Companies in Germany
“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”- Intuitive Surgical
“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”- Major Food Company in Japan
“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”- Ziering Medical
“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”- Major Manufacturer of Precision Machine Parts in India
“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”- Hewlett-Packard
“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”- Global Management Consulting Firm
“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”- UK-based Start-up in the Medical Devices Sector
“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”- One of the Largest Companies in the Defence Industry