Optical Satellite Communication Market Receives Steady Growth Impetus From Sizable Governments' Spending on Bandwidth Capacity, Observes Transparency Market Research

-  Demand for High Data Rate for 5G Deployment Spurs Investments in Optical Satellite Communication Market; Need for High-capacity Next-generation Communication for Consumer Markets Drive Growth in the optical satellite communication market

-  Players in North America, Europe, and Asia Pacific will Tap into the Revenue Potential of US$ 4,238.7 Mn by 2027-end

ALBANY, New York, July 2, 2020 /PRNewswire/ -- Strides in optical satellite communication technologies endow an array of benefits to users in wireless networks, including access to gigabit capacity backhaul links. The drive for M2M communication and Internet of Things (IoT) has opened new avenues in the optical satellite communication technology.

The revenues of global optical satellite communication market stood at US$ 297.2 million in 2017 and are expected to touch worth of US$ 4,238.7 million in 2027. This represents robust CAGR of 31.5% from 2019 to 2027 during the forecast period.

Advantages over conventional RF technologies will drive the demand for optical satellite communication in deploying 5G networks and next-gen backhaul capacity networks for various wireless application. Among the various applications, the backhaul segment is expected to expand at the leading CAGR during the period.

Download PDF Brochure - https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=25487

Key Findings of Optical Satellite Communication Market Report

• Among the various components, the transmitter segment led the market; it is anticipated to retain its lead throughout the forecast period. Focus on satellite-to-ground applications fuel the revenue potential from the segment
• Backhaul segment is expected to rise at the most attractive CAGR during 2019 – 2027
• Of the various applications, surveillance and security hold the major share in optical satellite communication market; it is expected to retain its lead
• Among the various regions, Asia Pacific is anticipated to expand at the leading CAGR during 2019 – 2027; Initiatives by governments to bolster wireless network capacity
• North America expected to hold leading share in optical satellite communication market in 2017; major revenue generators are the U.S. and Canada

Explore 192 pages of top-notch research, incisive insights, and detailed country-level projections. Gain business intelligence on Optical Satellite Communication Market (Component – Transmitter, Receiver, Modulator, Demodulator; Application - Backhaul, Surveillance and Security, Tracking and Monitoring, Earth Observation, Enterprise Connectivity, Last Mile Access, Research and Space Exploration, Telecommunication) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019 – 2027 at https://www.transparencymarketresearch.com/optical-satellite-communication-market.html

Optical Satellite Communication Market: Key Driving Factors and Promising Avenues

• The opportunities in the optical satellite communication market have received a major impetus from the large-scale adoption of wireless networks in consumer and commercial markets.
• Rise in numbers of smartphone users in various parts of the world is a key trend spurring investments in high-speed data transmission technologies.
• According to an estimate, the number of worldwide smartphone users has crossed a mark of 2.7 billion in 2019
• Sales of M2M communication devices in recent years in developing regions of the world have spurred opportunities for providers in the optical satellite communication market.
• Rising research in high-end backhaul connections has boosted the development of reconfigurable broadband communication networks.
• Deployment of next generation mobile network (5G) is on the cards for numerous economies who look to advance their internet and communication technologies. This has spurred investments by governments of numerous countries to collaboratively work toward satellite launching projects. A case in point is recent initiative by NASA.
• Growing role of optical satellite communication technologies in military surveillance operations is bolstering prospects in the market.

Analyze Optical Satellite Communication Market growth in 30+ countries including US, Canada, Germany, United Kingdom, France, Italy, Russia, Poland, Benelux, Nordic, China, Japan, India, and South Korea. Request a sample of the study

Global Optical Satellite Communication Market: Regional Landscape

North America is expected to hold the leading position in optical satellite communication market. The regional market is expected to maintain its status quo in near future.      

Meanwhile, Asia Pacific and Europe are proving to be substantially lucrative markets in recent years. Governments in these regions have upped their ante in optical communication projects, particularly for next generation (5G) network. Particularly, in recent years Asian countries have been forking money in space plans, expanding revenue potential in the regional market.

Purchase Premium Research Report on Optical Satellite Communication Market at https://www.transparencymarketresearch.com/checkout.php?rep_id=25487&ltype=S

The Optical Satellite Communication market can be segmented as follows:

By Component

• Transmitter
• Receiver
• Modulator
• Demodulator
• Others

By Application

• Backhaul
• Surveillance and Security
• Tracking and Monitoring
• Earth Observation
• Enterprise Connectivity
• Last mile access
• Research and Space Exploration
• Telecommunication
• Others

By Geography

• North America
• The U.S.
• Canada
• Rest of North America
• Europe
• The U.K
• Germany
• France
• Spain
• Rest of Europe
• Asia Pacific (APAC)
• India
• China
• Japan
• Australia
• Rest of Asia Pacific
• Middle East & Africa (MEA)
• GCC Countries
• Rest of Middle East & Africa
• South America
• Brazil
• Rest of South America

Explore Transparency Market Research's award-winning coverage of the Global IT & Telecom Industry:

Passenger Information System Market– The global passenger information system market is anticipated to reach US$ 65.3 Bn by 2030. The passenger information system market is projected to expand at a CAGR of ~13% from 2020 to 2030 based on revenue. According to the report, North America was a significant contributor to the passenger information system market in terms of revenue in 2019. The prominent market share of the region is due to significant adoption of passenger information systems and increasing air passenger traffic, especially in the U.S.

Indoor Location Based Service Market – The global indoor location based service market is anticipated to reach a value of US$ 19.3 Bn by 2030. The indoor location based service market is projected to expand at a CAGR of ~10% from 2020 to 2030 in terms of revenue. The growth of the indoor location based service market is due to rising use of location-based services for promotional applications and increasing penetration of connected devices such as smartphones, tablets, and notepads.

Mobile CDN Market – The global mobile CDN market is anticipated to reach ~US$ 248 Bn by 2030. The mobile CDN market is projected to expand at a CAGR of ~35% from 2020 to 2030 in terms of revenue. According to the report, North America was a significant contributor to the mobile CDN market in terms of revenue in 2019. The prominent market share of the region is due to the significant adoption of mobile CDN and increasing adoption of 5G, especially in the U.S.

BoP Handling System Market – The global BoP handling system market is anticipated to reach a volume of 1,087,152 thousand units by 2030. The BoP handling system market is projected to expand at a CAGR of ~7% in terms of volume from 2020 to 2030. The growth of the BoP handling system market can be attributed to rising adoption of BoP handling machines in the oil & gas sector for drilling and exploration, which has triggered their demand globally.

Gain access to Market Ngage, an AI-powered, real-time business intelligence that goes beyond the archaic research solutions to solve the complex strategy challenges that organizations face today. With over 15,000+ global and country-wise reports across 50,000+ application areas, Market Ngage is your tool for research on-the-go. From tracking new investment avenues to keeping a track of your competitor's moves, Market Ngage provides you with all the essential information to up your strategic game. Power your business with Market Ngage's actionable insights and remove the guesswork in making colossal decisions.

About Transparency Market Research

Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

Contact

Mr Rohit Bhisey
Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com
Blog: https://tmrblog.com/

Logo: https://mma.prnewswire.com/media/1085206/Transparency_Market_Research_Logo.jpg