Optical communication, also known as optical telecommunication, is communication at a distance using light to carry information. It can be performed visually or by using electronic devices. The earliest basic forms of optical communication date back several millennia, while the earliest electrical device created to do so was the photophone, invented in 1880. Optical satellite communication and free space optical communication are wireless telecommunication networks that provide optical data signals at high bit-rate using free space as a mode of median for communication.
Global Optical Satellite Communication Industry was valued at USD 491 Million in the year 2018. Global Optical Satellite Communication Industry is further estimated to grow at a CAGR of 31.6% from 2018 to 2025 to reach USD 3355.01 Million. The communication industry has growing contineously due to the demand for increased connectivity. Communication technology plays a major role in all the industries for operating their businesses over the large distance across the globe. Telecommunication is the most prominent sectors which is responsible for providing internet connectivity to support the transmission of data.
Segmentation based on application, the Backhaul segment is projected to expand with the highest CAGR during the forecast period. Demand for high data rate is increasing due to adoption of various advance technologies such as M2M communication, Internet of Things etc. which require gigabit capacity. For instance, by 2025, M2M communication devices are expected to reach 15.8 billion, up from 7.6 billion in 2018. Hence, this growth has led to the need for reconfigurable broadband communication networks with high data rates. Moreover, increase in mobile traffic has also enhanced the demand for more bandwidth and large number of backhaul connections. For instance, by 2025.
The Asia Pacific optical satellite communication Industry is expected to grow with the highest CAGR during the forecast period. India, Japan, China, and Australia are some of the major countries which drive the Industry in this region. Numerous initiatives by various government agencies of countries in Asia Pacific is the key reason for the growth of the Industry in this region. For instance, in 2018, space agency ISRO (of India) and France based CNES collaborated for an earth observation mission for high resolution imaging capability in optical and microwave technology.
Major market players in Optical Satellite Communication Industry are Analytical Space Inc., AIRLINX Communications Inc., Anova Technologies, CableFree: Wireless Excellence, AOptix Technologies, Inc., ATLAS Space Operations Inc., Fog Optics Inc., L3 Technologies, Inc., BridgeSat Inc., Hisdesat Servicios Estrategicos S.A., LightPointe Communications, Inc., Mostcom Ltd., Mynaric AG, Maxar Technologies Ltd., Mitsubishi Electric Corporation, SITAEL S.p.A, Ball Aerospace & Technologies Corp., Plaintree Systems Inc., Sky Fiber Inc., Space Photonics, Inc., Mynaric AG, and Laser Light Communications Inc., Trimble Inc., and fSONA Networks Corp
Optical Satellite Communication Industry Segmentation:
Optical Satellite Communication Industry Overview, By Platform
Optical Satellite Communication Industry Overview, By Range Type
Optical Satellite Communication Industry Overview, By Components
Optical Satellite Communication Industry Overview, By Region