Optical Satellite Communication Market - What will be the Short-term Impact of Coronavirus? Fortune Business Insights
Posted on Jan 27 2021 8:57 AM
"Optical Satellite Communication Market Size, Share and Global Trend By Component (Transmitters, Receivers, Other), By Application (Telecommunication,Surveillance and Security, Earth Observation, Tracking and Monitoring, Research and Space Exploration, Others) and Geography Forecast Till 2026 "
Rising demand for direct to home television (DTH) and GNSS products and services is driving the global optical satellite communication market, says Fortune Business Insights in a report, titled “Optical Satellite Communication Market Size, Share and Global Trend By Component (Transmitters, Receivers, Other), By Application (Telecommunication,Surveillance and Security, Earth Observation, Tracking and Monitoring, Research and Space Exploration, Others) and Geography Forecast Till 2026.” The traffic surge in mobile phones and other smart devices is also expected to contribute significantly to the global optical satellite communication market.
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According to the report, the increasing R&D investments by government and key players in the telecommunication industry will aid growth of the global optical satellite communication market. For instance, SpaceX constellation has invested around US$ 1,185 Mn for various space projects including ‘The Big Falcon Rocket’, ‘Falcon 9’ and others. Additionally, the global space economy was estimated at around US$ 345 Bn by the end of 2017.
1. By Component
2. By Application
- Surveillance and Security
- Earth Observation
- Tracking and Monitoring
- Research and Space Exploration
3. By Geography
- North America (USA and Canada)
- Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)
- Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
- Latin America (Brazil, Mexico and Rest of Latin America)
- Middle East & Africa (South Africa, GCC and Rest of the Middle East & Africa)
For more information in the analysis of this report, visit: https://www.fortunebusinessinsights.com/industry-reports/optical-satellite-communication-market-100860
The report provides brief information about the new technological advancements in the optical satellite communication industry and elaborates the segments precisely besides offering key insights into the optical satellite communication market.
Launch Of Laser Communication Relay System By NASA Will Boost Growth
NASA’s Space Technology Mission Directorate (STMD) in collaboration with space and navigation (SCaN) announced the Laser Communications Relay Demonstration (LCRD). LCRD will be NASA's first long-period optical communications project which will demonstrate benefits for both deep space and near-Earth mission. The launch of the new project is expected to boost the global optical satellite communication market revenue during the forecast period.
The Key Players Present In The Global Optical Satellite Communication Market Are:
- ATLAS Space Operations, Inc.
- Analytical Space Inc.
- Hisdesat Servicios Estrategicos S.A.
- BridgeSat Inc.
- Mitsubishi Electric Corporation
- Maxar Technologies Ltd.
- SITAEL S.p.A
- Mynaric AG
- Laser Light Communications Inc.
Demand For Additional Bandwidth Will Propel Growth
The escalation in direct to home television (DTH) and GNSS products and services is expected to accelerate the global optical satellite communication market. For instance, in 2017, the global DTH market was valued at around US$ 100 Bn and global GNSS products and services market was valued at about the US $85 Bn. Furthermore, the penetration in mobile and other smart devices traffic is also expected to contribute to the global optical satellite communication market. The increasing demand for additional bandwidth along with a large number of backhaul connections is expected to enable the growth of the optical satellite communication market. For instance, according to sources, smartphone users are expected to reach around a value of 6.65 billion, from 4.20 billion by the end of 2022.
Increasing Spending On Space Missions Will Facilitate Growth In Asia Pacific
North America is predicted to dominate the global optical satellite communication market during the forecast period owing to the implementation of advanced technologies such as IoT and M2M solutions in optical satellites in the region. Asia-Pacific is expected to witness high growth during the forecast period owing to the large spending in space missions along with the collaboration between different countries emerging economies such as India, and South Korea. For instance, in 2018, ISRO (space agency of India) and CNES (space agency of France) merged for an earth observation operation for high-resolution imaging ability in optical technology.
Major Table of Content For Optical Satellite Communication Market:
- Executive Summary
- Market Dynamics
- Key Insights
- Global Optical Satellite Communication Market Analysis, Insights and Forecast, 2026
- North America Optical Satellite Communication Market Analysis, Insights and Forecast, 2026
- Europe Optical Satellite Communication Market Analysis, Insights and Forecast, 2026
- Asia Pacific Optical Satellite Communication Market Analysis, Insights and Forecast, 2026
- The Middle East and Africa Optical Satellite Communication Market Analysis, Insights and Forecast, 2026
- Latin America Optical Satellite Communication Market Analysis, Insights and Forecast, 2026
- Competitive Landscape
- Company Profile
An Overview of the Impact of COVID-19 on this Market:
The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.
We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.
Click here to get the short-term and long-term impact of COVID-19 on this Market.
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