The global space-based laser communication market is expected to grow at a significant CAGR during the forecast period (2021-2027). Based on end-user, the market is segmented into government, military, and commercial. Owing to the growing requirement for high-speed inter-satellite communication for commercial satellite operators, the commercial end-user sector is expected to dominate the global space-based laser communication market. Based on application, the market is segmented into technology development, earth observation and remote sensing, communication, surveillance and security, and research and exploration. Owing to the rapid rise of small satellite constellation plans by various satellite operators such as SpaceX, Telesat, Space Development Agency, ICEYE, and Cloud Constellation, the military training application is likely to be the potential end-user of space-based laser communication technologies.
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The rising demand for space-to-space communication is further accelerating market growth. For purposes such as communication, Earth observation, technology development, remote sensing, intelligence, surveillance, and reconnaissance, there is an increasing demand for tiny satellites in larger constellations that require inter-satellite communication links. Owing to the presence of the large number of companies based in the region, as well as increased spending by government and commercial organisations such as NASA, Space X, and the Space Development Agency on the adoption of space-based laser terminals, North America is expected to account for the largest share in the global space-based laser communication market.
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Market Coverage
- The market number available for – 2020-2027
- Base year- 2020
- Forecast period- 2021-2027
- Segment Covered
- Regions Covered- Globally
- Competitive Landscape: AAC Clyde Space AB (Hyperion Technologies), Ball Corp., BridgeComm, Inc., General Atomics, among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominates the market in base year?
- Which segment and region will project fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Space-Based Laser Communication Market Report Segmentation
By Application
- Technology Development
- Earth Observation and Remote Sensing
- Communication
- Surveillance and Security
- Research and Exploration
By End-User
- Government
- Military
- Commercial
This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.
