Yahoo Finance: NSR’s Latest Report Projects $2 Billion Optical Satcom Market Driven by Non-GEO Constellations
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 (LCT) units over the next decade. Optical Satcom is situated to significantly impact both core commercial Satellite Applications industries- Communications and Earth Observation. LCTs enable transition into higher bandwidth services for satcom and deliver a robust backbone network for backhaul and trunking services via mesh connectivity and lower latency.