Space-Based Laser Communication Market to Reach $4.1B
The space-based laser communication market is projected to reach $4.1 billion by 2031, according to a new market intelligence study published by ASDReports. The study also highlights that the market is set to witness a CAGR of 26.98% during the period 2021-2031.
"(S)pace-based laser communication is the required technology for next-generation space communications infrastructure. Hence, the market is expected to grow significantly during the forecast period 2021-2031.”
Market report lead analyst Nilopal Ojha
Space-based laser communication, also known as free-space optical communication (FSO), uses an optical communication technology by light propagation in free space to wirelessly transmit data for telecommunication or computer networking. The advantages of such a system serve several business opportunities, such as large-scale communication through satellites and quantum key distribution (QKD) channels. Since space-based laser communication technology is proven to be a technically viable solution, it has paved the way for various applications, including:
A dedicated section focusing on the futuristic trends adopted by the key players operating in the market
Extensive competitive benchmarking of the market's top 15 players (including OEMs and component providers)
Coverage of mega constellation scenario
Qualitative and quantitative analysis at the regional and country-level by application and product segment
"The market potential of the space-based laser communication for space-to-space and space-to-ground station solutions is expected to reach new heights due to the increasing maturity and cost reductions of laser terminals," said lead analyst Nilopal Ojha. "Furthermore, space-based laser communication is the required technology for next-generation space communications infrastructure. Hence, the market is expected to grow significantly during the forecast period 2021-2031.”
Key companies operating in the market include AAC Clyde Space, Analytical Space, Ball Aerospace, BridgeComm, General Atomics, Hensoldt, Honeywell International, Laser Light Communication, Mynaric AG, ODYSSEUS SPACE SA, Rocket Lab, SpaceX, Space Micro, Tesat Spacecom, and Thales Alenia Space.
(Image provided with ASDReports news release)