As satellite communication technology has caught up to the market through past decades, one of the key demand drivers has been that of ever-increasing capacity and data throughputs. High-throughput satellites have become more common, powered by high data rate inter-satellite links in the case of non-GEO constellations, and earth observation sensors have improved tremendously, necessitating.
Potential 6,000+ Laser Communication Terminal Opportunity through Next Decade Cambridge, MA– February 8th, 2022- NSR’s newly released Optical Satellite Communications, 4th Edition (OSC4) projects a $2 Billion Optical Satcom market for equipment, driven primarily by upcoming Non-GEO constellations. As Optical Satcom growth trends upwards at a 47% CAGR, projected demand reaches 6,000+ laser communication terminal.
With more data being created and circulated than ever before, Optical Wireless Communication (OWC) technology is emerging to serve the demand for higher data rates and lower latency, acting as an alternative or complementary to RF.
The last few years have seen increasing interest in space-based optical communications, driven by the convergence of multiple trends: rising small satellite data volumes, increasing security concerns and Radio Frequency (RF) spectrum congestion, to name a few.
NSR’s Optical Satellite Communications report, released today, forecasts nearly $4 B in cumulative revenue over the 2018-2028 period for laser communication equipment in space. Largely driven by the impending wave of mega-constellations with inter-satellite links, the volume of production and subsequent deployment of Non-GEO satellites will drive revenue growth for equipment manufacturers.