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Optical Satellite Communications Market By Component (Receiver, Transmitter, Modulator, Demodulator, Others), By Application (Surveillance & Security, Research & Space Exploration, Tracking & Monitoring, Telecommunication, Earth Observation, Last Mile Access, Others) - Growth, Future Prospects & Competitive Landscape, 2018 – 2026

Ever-rising telecommunication traffic worldwide to bolster the demand for optical satellite communication

The optical satellite communication market is expected to reach US$ 1,021.3 million by 2026, growing at a promising CAGR of 12.73% from 2018 to 2026. Chiefly commanded by North America, the optical satellite communication market is primarily driven by rapid growth in the telecommunications sector. The global proliferation of the Internet and telecommunications traffic is driving the market growth. Global Internet traffic witnessed a CAGR of over 25% during the period from 2013 to 2016. With rising Internet users and telecommunication traffic across the world, several private players have started investing in the optical satellite communication market in search of feasible ways to cater to the rising demand for real-time communication.

The transmitter segment is expected to maintain its market leadership.

In 2017, the transmitter segment dominated the overall optical satellite communication market, accounting for more than 1/4th of the global market value. In today's IoT-driven world, most modules include location services. The continued proliferation of connected vehicles demonstrates the promising expansion of navigation services. The rapid penetration of navigation functions in smart digital equipment and connected vehicles, among other location-based functional systems, is driving the transmitter segment's growth. Credence Research, Inc. estimated that by 2030, over 250 million units of vehicles in China would be Internet-connected vehicles. Similarly, the use of satellite transmitters for surveillance and security applications by defense authorities worldwide is further stimulating the demand for the segment. The transmitter plays an inevitable part in satellite telemetry applications, which are credited with improved accuracy in location tracking. This advancement has revolutionized the study of raptor migration and life histories and is even expected to follow the trend across the forecast period.

North America leads the market, with Asia-Pacific emerging as the fastest-growing regional market.

Currently, North America dominates the optical satellite communication market with over 1/3 of the total market value worldwide. The U.S., with a strong awareness of the benefits of using optical satellite communication across the nation, chiefly supports the market's growth here. Military satellite constellations assist the U.S. defense sector from orbit to track defense activities globally. Similarly, with a major focus on the development of security systems, the U.S. military is equipping commercial satellite receivers with trucks, aircraft, and other defense systems in case their own protected communication capabilities malfunction. Further, Asia-Pacific is estimated to be the fastest-growing market for optical satellite communication across the following years. India, China, and Japan are among the lucrative markets with promising penetration of optical satellite communication. These countries hold huge market potential, which is majorly credited to increasing digital satellite broadcasting, Internet service, satellite R&D studies, and satellite launching, among several others.

Leading Players Focusing on Alliances and Acquisitions for Market Expansion

The overall optical satellite communications market was highly consolidated until late 2012. However, after 2012, the nature of the market became fragmented, credited to growing access to optical satellite technology by private players. Alliances with small-scale network service providers are one of the key strategies used by global players. This helps the companies swell their communication network reach, subsequently catering to a larger number of subscribers. Key instances included In January 2018, ATLAS Space Operations, Inc. and Xenesis, Inc. announced an alliance to develop an advanced optical satellite communication network designed for high data flow from space. Similarly, in July 2018, Maxer Technologies Ltd. announced the acquisition of Neptec Design Group.

This acquisition is expected to help Maxer Technologies Ltd. deliver robotic systems and an expanded set of solutions, strengthening the brand to capture growth in North America as well as global space exploration markets and accelerate advancement into expanding space segments. Further, Ball Aerospace & Technologies Corporation announced its alliance with Honeywell Corporation to design and produce high-reliability and high-performance optical communication data links. This alliance is expected to enable Ball Aerospace & Technologies Corporation to deliver high-capacity, affordable, and high-bandwidth connectivity to consumers across the globe. Some of the key players profiled in the report include ATLAS Space Operations, Inc., Maxar Technologies Ltd., Analytical Space Inc., HisdeSat Servicios Estratégicos S.A., Ball Aerospace & Technologies Corporation, BridgeSat Inc., Mitsubishi Electric Corporation, Laser Light Communications Inc., SITAEL S.p.A., and Mynaric AG, among others.

Periods of History and Forecast

This research report presents the analysis of each segment from 2016 to 2026, considering 2017 as the base year for the research. The compound annual growth rate (CAGR) for each of the respective segments was calculated for the forecast period from 2018 to 2026.

Report Scope by Segments

The optical satellite communications market report provides market size and estimates based on market dynamics and key trends observed in the industry. The report provides a holistic view of the global optical satellite communications market based on components, applications, and geography. Key segments covered in the report are as follows:

Key questions are answered in this report.

  • What was the market size of optical satellite communications in 2017 and the forecast up to 2026?
  • Which is the largest regional market for optical satellite communications?
  • What are the key market trends observed in the optical satellite communications market?
  • Which are the most promising component type and applications in the optical satellite communications market?
  • Who are the key players leading the market?
  • What are the key strategies adopted by the leading players in the market?
  • What are the key telecommunications development trends across different geographies and sub-geographies?

Frequently Asked Questions:

The market for Optical Satellite Communications Market is expected to reach US$ 1,021.3 Mn by 2026.

The Optical Satellite Communications Market is expected to see significant CAGR growth over the coming years, at 12.73%.

The report is forecasted from 2018-2026.

The base year of this report is 2017.

HisdeSat Servicios Estratégicos S.A., Ball Aerospace & Technologies Corporation, BridgeSat Inc., Mitsubishi Electric Corporation, Laser Light Communications Inc., SITAEL S.p.A. are some of the major players in the global market.

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Published Date:  Apr 2019
Category:  Technology & Media
Report ID:   59666
Report Format:   PDF
Pages:   120
Rating:    4.2 (49)
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