Global Space-Based Laser Communication Market to Reach $4,107.1 M by 2031
The space-based laser communication market is projected to reach $4,107.1 million by 2031, reveals the premium market intelligence study. The study also highlights that the market is set to witness a CAGR of 26.98% during the period 2021-2031.
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 space-based laser communication 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.
USP of the Market Intelligence
- A dedicated section focusing on the futuristic trends adopted by the key players operating in the global space-based laser communication market
- Extensive competitive benchmarking of top 15 players (including OEMs and component providers) offering a holistic view of the global space-based laser communication landscape
- Coverage of mega constellation scenario
- Qualitative and quantitative analysis of space-based laser communication at the region and country-level by application and product segment
According to Nilopal Ojha, Lead Analyst, “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. 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
AAC Clyde Space, Analytical Space, Ball Aerospace, BridgeComm, General Atomics, Hensoldt, Honeywell International, Laser Light Communication, Mynaric AG, ODYSSEUS SPACE SA, Rocket Lab, Space X, Space Micro, Tesat Spacecom, and Thales Alenia Space are key companies operating in the market.