Optical Satcom Terminals Market REPORT OVERVIEW
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The global optical satcom terminals market size was USD 667.3 million in 2021 and market is projected to touch USD 24665.58 million by 2031, exhibiting a CAGR of 43.5% during the forecast period.
In the upcoming decades, radio frequency (RF) communications will be complemented with optical communications to improve throughput, power efficiency, and connection security of satellite communication networks. TNO develops a set of technologies in partnership with industry to provide optical communications technology for intersatellite links and (bidirectional) ground to satellite links. These technologies include terminals with various aperture diameters, coarse pointing assemblies, and quick steering mirrors. The current status of TNO technology development for optical space communications is discussed in this study. The creation of an optical head with a 70 mm entry aperture, an optical bench for CubeSats, and coarse pointing assembly are the key areas of attention (CPAs). The development of the satellite-based world wide web will advance as these actions are continued.
The demand for more data is increasing as a result of self-driving cars, social media with more videos, and the Internet of Things. That demand cannot be satisfied by the current connections. The answer may lie in laser satellite communication. This innovative satellite-based optical communication system is being developed by TNO. Data may be sent considerably more quickly this way than by using the radio frequencies that are now used for communication everywhere since invisible light signals are used.
COVID-19 Impact: Pandemic-related Disruptions Impacted Market Dynamics
Due to the global lockdowns and limits put in place across several countries to stop the virus's propagation, COVID-19 had an impact on the optical satellite communication sector. Due to widespread mobile phone use, optical satellite communication saw little influence. The technique is widely used since it facilitates the establishment of suitable high bit rate connection. Optical satellite communication has the ability to offer a large network bandwidth at a reasonable price. Because of the rise in multimedia services like peer-to-peer video-on-demand and audio-on-demand, the optical satellite communication industry is anticipated to have rapid expansion in the post-pandemic environment leading to optical satcom terminal market growth.
LATEST TRENDS
"Growing Demand in European Region to Foster Growth"
Germany, France, the United Kingdom, Italy, Russia, and the rest of Europe comprise the market segments for satellite communication terminals in Europe. The area is distinguished by a high GDP, high GDP per capita, high standard of life, favourable economic policies, extensive industrialization, an increase in the number of older people, and a promising prognosis for the uptake of new technologies. Compared to Eastern European nations, Western European nations place a strong emphasis on the employment of cutting-edge technologies for satellite communication terminals. The optical satcom terminal market size in the area is growing in several sectors, including telecommunications, business & internet, land mobility, remote sensing & earth observation, aviation, and aerospace. The service providers in Europe are aware of the 6 GHz spectrum's growing importance. The 6 GHz band will be the area's focus since it will be essential for addressing capacity demands and regional expansion. Satellite communication terminals are widely used in the telecommunications sector.
Optical Satcom Terminals Market SEGMENTATION
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- By Type
Depending on optical satcom terminals given are types Space Optical Link, Space Ground Optical Link. The Space Optical Link will capture the maximum market share through 2031.
- By Application
The market is divided in Military Use, Civil Use based on application. The global optical satcom terminals market players in cover segment like Military Use will dominate the market share during 2031.
DRIVING FACTORS
"Increasing Telecommunication Traffic For Defence And Security Boosting The Market Size"
Military units may plan and coordinate their infantry and field units via satellite communication. They offer tactical communication while moving and are simple to incorporate on cars, ships, and planes. Communication satellites offer on-demand communications for a tactical network, are interoperable with various satcom terminals, and offer high-performance tracking, among other characteristics, to keep everyone linked during difficult military operations. They are simple to install and have a few simple-to-integrate pieces for your equipment. The maximum degree of performance has been tested for all satcom terminals under the most demanding military circumstances which is the major reason for the growth of optical satcom terminal market share all around the globe.
"Growing Number Of Digital Identity And Security System Around The World"
Companies are entrusted by businesses and governments to instill trust in the countless billions of digital encounters they have with individuals. Our identity management and data protection solutions aid in the transfer of cash between banks, international travel, smarter energy, and many other things. Solutions are already used by more than 30,000 organisations to encrypt data, allow access to digital services, analyse massive amounts of data, and authenticate the identities of people and objects. Every organisation on the planet is going through a digital transition and might gain from our collaborative initiatives. The world is safer as the technology grows more linked.
RESTRAINING FACTORS
"Lack Of Technical Skills And High Implementation Costs Are Anticipated To Limit Market Growth"
However, high implementation costs and a lack of technical know-how are anticipated to limit industry expansion. During the forecast period of 2022–2028, the market for optical satellite communication is expected to face challenges related to time delays that reduce work productivity. Resilience strategies for SATCOM cyber attacks are comparable to strategies used for other cyber systems, and they are not included in this article either which may lead to the fall of the market growth
Optical Satcom Terminals Market REGIONAL INSIGHTS
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"North America to Dominate owing to Technological Advances"
The market for optical satellite communication is analysed, and insights and trends on market size are given by country, laser types, components, transmission media, sales channels, and application as previously said. Due to its rapid expansion in the telecommunications industry and widespread adoption of cutting-edge technology, North America now controls the majority of the optical satellite communication market. Asia-Pacific (APAC) is anticipated to have considerable development from 2022 to 2029 as a result of rising mobile phone usage and the expansion of digital satellite television in the area.
KEY INDUSTRY PLAYERS
"Market Players Focus on New Product Launches to Strengthen Market Position"
Leading players in the market are adopting various strategies to expand their presence in the market. These include R&D investments and launch of new, technologically-advanced products in the market. Some companies are also adopting strategies such as partnerships, mergers, and acquisitions to strengthen their market position.
List of Market Players Profiled
- Tesat-Spacecom
- Electro Optic Systems
- BridgeComm
- Mynaric AG
- Sinclair Interplanetary
REPORT COVERAGE
The report covers overall market aspects, including the market segmentation based on its type and application. The report depicts a diverse group of participants that includes the market and the potential market leaders. Major factors that are expected to drive major growth in the market. The factors anticipated to expand the market share are also included in the report to offer market insights. The estimated growth of the market in the forecast period is also included in the report. The regional analysis is completed to explain the region's dominance in the global market. The factors hindering the growth of the market are discussed in detail. The SWOT analysis of the market is depicted in the report. It contains all-inclusive market details.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 667.3 Million in 2021 |
Market Size Value By |
US$ 24665.58 Million by 2031 |
Growth Rate |
CAGR of 43.5% from 2021 to 2031 |
Forecast Period |
2024-2031 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Types & Application |
Frequently Asked Questions
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What value is the optical satcom terminals market expected to touch by 2031?
Based on our research, the global optical satcom terminals market size is projected to touch USD 24665.58 million in 2031.
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What CAGR is the optical satcom terminals market expected to exhibit by 2031?
The optical satcom terminals market is expected to exhibit a CAGR of 43.5% by 2031.
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Which are the driving factors of the optical satcom terminals market?
Increasing telecommunication traffic for defence and security and growing number of digital identity and security system around the world are the driving factors of the optical satcom terminals market
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Which are the top companies operating in the optical satcom terminals market?
Tesat-Spacecom, Electro Optic Systems, BridgeComm, Mynaric AG, Sinclair Interplanetary are some of the leading companies in the optical satcom terminals market