Global Optical Satellite Communication Market worth USD 2,136.84 Million by 2025

Global Optical Satellite Communication Market worth USD 2,136.84 Million by 2025

Pune, India, April 18, 2019 -- /360iResearch/ -- The report "Global Optical Satellite Communication Market - Premium Insight, Industry Trends, FPNV Positioning Matrix, Competitive News Feed Analysis, Company Usability Profiles, Market Sizing & Forecasts to 2025 (Q1 2019 Update)", published by 360iResearch, states that the global market was valued at USD 1,235.98 million in 2018 and is projected to reach USD 2,136.84 million by 2025, growing at a CAGR of 8.13% from 2018 to 2025.

The major forces driving the growth of the optical satellite communication market include the advantages associated with wireless communication such as lower deployment cost, scalability, easy construction, and flexible maintenance of operating networks and need for high network bandwidth owing to increasing multimedia services such as video-on-demand, audio-on-demand, and peer-to-peer. Moreover, rising demand for real-time communication owing to the adoption of various advanced technologies such as m2m communication, internet of things etc. and proliferation of mobile traffic, internet, and telecommunication traffic worldwide are also some of the factors that are driving the market growth. However certain factors such as the limited performance in atmospheric turbulence may hinder the market growth. In the middle of difficulty lies opportunity such as the increasing investment by private players in optical satellite communication, alliance between global and small-scale service providers, and integration of ultra-short pulse to the help of advanced modulation. The possible challenges for the market growth is deviation of even a fraction of a degree can result in the laser missing its target entirely. But key players in the market are overcoming the challenges with continual improvement and innovation.

Based on geography, the global optical satellite communication market is studied across Americas, Europe, Middle East & Africa, and Asia-Pacific.

The report features a competitive scenario of the optical satellite communication market and provides inclusive analysis of key growth strategies adopted by major players. Key company profiled in the study are ATLAS Space Operations, Inc., Analytical Space, Inc., Ball Aerospace & Technologies Corp., BridgeSat Inc., Hisdesat Servicios Estrategicos S.A., Laser Technology, Inc., Maxar Technologies Inc., Mitsubishi Electric Corporation, and Mynaric AG.

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