Currently, many space agencies and commercial companies across the globe have been focusing on the Moon and deep space explorations. For deep-space exploration, which includes a lunar gateway, space weather missions, an orbiter around Mars, a faster, more secured type of communication is required. For instance, in January 2021, TNO and the European Space Agency (ESA) signed a two-year contract to investigate the usage of optical communication technology to enable swift and efficient communication for deep-space missions. This would likely penetrate the niche markets and generate significant revenues in the future.
Read Report Overview: Space-based Laser Communication Market
Space-based Laser Communication Industry Overview
The global space-based laser communication market is expected to reach $4,107.1 million by 2031, with a CAGR of 26.98% during the forecast period 2021- 2031. The increasing number of satellite constellations for applications such as communication, technology development, Earth observation and remote sensing, and research and space exploration are expected to be the major driving factors for the market. In addition, the growing need for secure and high-speed wireless communication and increasing demand for higher flexibility at low cost are some of the key drivers for the growth of the global space-based laser communication market.
Space-based Laser Communication Market by Application
The space-based laser communication market has been segmented based on application including technology development, earth observation and remote sensing, communication, surveillance and security, research and exploration. The combat training application is expected to be the front runner in the global space-based laser communication market due to the rapid growth of small satellite constellation plans by various satellite operators such as SpaceX, Telesat, Space Development Agency, ICEYE, and Cloud Constellation.
Space-based Laser Communication Market by Region
The space-based laser communication market has been segmented based on region, including North America, Europe, Asia-Pacific, and Rest-of-the-World. North America is expected to account for the highest share of the global space-based laser communication market, owing to a significant number of companies based in the region, increased spending by government and commercial organizations such as the National Aeronautics and Space Administration (NASA), Space X, and Space Development Agency on the adoption of space-based laser terminals.
Key Market Players and Competition Synopsis
AAC Clyde Space (Hyperion Technologies), Analytical Space Operation, Ball Corporation, BridgeComm, General Atomics, HENSOLDT, Honeywell International, Laser Light Communication (Halo Network), Mynaric, ODYSSEUS SPACE SA, Rocket Lab USA, Inc, Space Exploration Technologies Corp. (SpaceX), Space Micro, Tesat Spacecom, Thales Group
The companies that are profiled in the report have been selected post undergoing in-depth interviews with experts and understanding details around companies such as product portfolios, annual revenues, market penetration, research and development initiatives, and domestic and international presence in the space-based laser communication market. Accordingly, a structured approach has been followed, which includes segmenting the pool of players under three mutually exclusive and collectively exhaustive parts, holding a 100% pie of the market.
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Laser Based Projector Market For the purpose of this study, the global laser projector market has been segmented on the basis of illumination type, resolution, vertical, and region.By illumination type, the global laser projector market has been segmented into laser phosphor, hybrid, RGB laser, laser diode, and others.
The laser phosphor segment is expected to dominate the global laser projector market since this type of projectors provides illumination of approximately 15,000–25,000 lumens which is ideal for applications in museums, educational events, government departments, and movie theaters.
On the other hand, the RGB laser segment is expected to witness the highest CAGR during the forecast period owing to the demand for high resolution and high-quality images by the media and entertainment industry.By resolution, the global laser projector market has been segmented into XGA (1024 x 768 pixels), WXGA (1280 x 800 pixels), HD (1920 x 1080 pixels), 4K (4096 x 2160 pixels), and others.
The HD segment is expected to dominate the global market as the maintenance costs of these projectors is less and hence, is highly preferred by consumers.
Moreover, the 4K segment is anticipated to witness the fastest growth during the forecast period since the market is experiencing several technological advancements to offer better resolution and image quality.Based on vertical, the global laser projector market has been segmented into retail, media & entertainment, healthcare, education, industrial, and others.
The media & entertainment segment is expected to dominate the global market since the segment has witnessed rapid adoption of RGB laser projectors.
Space and communication sectors have witnessed numerous developments in the past years and have been catering to the rising market demand for satellite communication.
Satellites play a crucial role in the current digital era, and most industries depend on satellite technology for various applications, from agriculture to banking to transportation.
Several key players such as SpaceX and Amazon are focusing their efforts to establish satellite communication constellations which is one of the factors contributing to the growing global sky-based communication market.Read Report Overview at: https://bisresearch.com/industry-report/sky-based-communication-market.htmlApart from satellites, UAVs and high-altitude platform stations (HAPS) such as airships and balloons are also being adopted for communication purposes.
UAVs are majorly employed for applications such as inspections, surveillance, monitoring, and logistics, such as last-mile deliveries of parcels and medicines for remote or rural areas with less population density.
Some of the drone manufacturers, cellular network providers, among others, and telecom equipment providers such as EHang, Terra Drones, DJI, Verizon, AT Inc., Vodafone Group, Ericsson, Nokia, and Qualcomm, among others are testing and developing their drones, mobile networks, and chipsets for cellular-connected drones, respectively.
Some of these factors include the increasing number of satellite launches for communication, adoption of new technologies like IoT and AI in satellite communication, and competitive advantage of HAPS over conventional satellite and terrestrial-based systems.Transportation and logistics is a prominent end user to utilize sky-based communication services for autonomous, connected cars, commercial vehicles, fleet management, supply chain management, and resource management.
