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.
MARKET SCOPE
The "Global Space-based Laser Communication Market Analysis to 2028"? is a specialized and in-depth study of the aerospace and defense industry with a special focus on the global market trend analysis. The report aims to provide an overview of the space-based laser communication market with detailed market segmentation by solution, component, application and geography. The report provides key statistics on the market status of the leading space-based laser communication market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on solution, the global space-based laser communication market is segmented into space-to-space, space-to-ground station
- On the basis of component, the market is segmented optical head, laser receiver and transmitter, modulators and demodulators, pointing mechanism, others
- On the basis of application, the market is segmented technology development
- earth observation and remote sensing, communication, surveillance and security, research and space exploration
MARKET DYNAMICS
Drivers:
- Rising Number of Satellite Launches for Communication and Earth Observation
- Alternative Solution to the Overburdened Optical Technology.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The space-based laser communication market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive porter's five forces analysis highlighting factors affecting the space-based laser communication market in these regions.
IMPACT OF COVID-19ON SPACE-BASED LASER COMMUNICATIONMARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the space-based laser communication market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from space-based laser communication market are anticipated to lucrative growth opportunities in the future with the rising demand for airport tugs in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the space-based laser communication market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- AAC Clyde Space (Hyperion Technologies)
- Analytical Space Operation
- Ball Corporation
- BridgeComm
- General Atomics
- HENSOLDT
- Honeywell International
- Laser Light Communication (Halo Network)
- Thales Group
- Space Exploration Technologies Corp.