The Optical Satellite Communication Global Market Report 2023 by The Business Research Company, provides optical satellite communication market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
Learn More On The Optical Satellite Communication Market:
According to The Business Research Company’s Optical Satellite Communication Global Market Report 2023, the market size will grow from $10.38 billion in 2022 to $12.55 billion in 2023 at a compound annual growth rate (CAGR) of 21.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the optical satellite communication is expected to grow to $29.58 billion in 2027 at a CAGR of 23.9%.
The increase in penetration of smartphones is expected to propel the growth of the optical satellite communication market going forward. Smartphones refer to portable electronic gadgets with features such as the internet and integrated software applications that can perform computer functions. Smartphones depend on optical satellite communication for proper functioning, as this satellite communication helps to provide communication signals in remote areas.
Get A Free Sample Of The Report (Includes Graphs And Tables):
https://www.thebusinessresearchcompany.com/sample_request?id=7157&type=smp
The optical satellite communication market is segmented:
1) By Component: Transmitter, Receiver, Modulator, Demodulator, Other Components
2) By Laser Type: Yag Laser, Silex Laser, Microwave Laser, Co2 Laser, Aigaas Laser Diode
3) By Application: Backhaul, Surveillance and Security, Tracking and Monitoring, Earth Observation, Enterprise Connectivity, Research and Space Exploration, Telecommunication, Other Applications.
The emergence of laser communication relay systems has emerged as a key trend gaining popularity in the optical satellite communication market. Major companies operating in the optical satellite communication sector are focused on developing new, advanced systems to sustain their position in the market. For instance, in 2021, NASA, a US-based space agency, launched its new Laser Communications Relay Demonstration (LCRD) system. The LCRD will help the agency with optical communication in space. It will use optical communications instead of radio communications, which will further help increase the bandwidth 10 to 100 times more than radio frequency systems.
The optical satellite communication market report table of contents includes:
.
.
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
The asset reliability software global market report 2024 from The Business Research Company provides comprehensive…
The aortic endograft global market report 2024 from The Business Research Company provides comprehensive market…
The advanced therapeutics pharmaceutical outsourcing global market report 2024 from The Business Research Company provides…
The vertical take-off and landing (vtol) uav global market report 2024 from The Business Research…
The solar cells global market report 2024 from The Business Research Company provides comprehensive market…
The security analytics global market report 2024 from The Business Research Company provides comprehensive market…