Space-based Laser Communication Market
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.
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.
Market Segmentation
Space-based Laser Communication Market by End User
The space-based laser communication market has been segmented based on end user including government and military, commercial. The commercial end user segment is estimated to dominate the global space-based laser communication market due to the growing need for high-speed inter-satellite communication for commercial satellite operators.
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 Solutions
The space-based laser communication market has been segmented based on solutions including space-to-space, space-to-ground station), components (optical head, laser receiver and laser transmitter, modulators and demodulators, pointing mechanism, and others. Space-to-space communication is the most prominent solution contributing toward the growth of the global space-based laser communication market. There is an increasing number of small satellites in larger constellations that require inter-satellite communication links for applications such as communication, Earth observation, technology development, remote sensing, intelligence, surveillance, and reconnaissance.
Space-based Laser Communication Market by Range
The space-based laser communication market has been segmented based on range, including short range, medium range, and long range. The connectivity of satellite-to-satellite and satellite-to-ground stations is enabled by using short-range laser terminals. It allows short-range inter-satellite point-to-point communication to transmit data at high rates. Satellites for low Earth orbit (LEO) and medium Earth orbit (MEO) are more preferred for this range. This is expected to generate huge demand for short range laser terminals.
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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How This Report Can Add Value
Product/Innovation Strategy: The product segment helps the reader in understanding the different types of space-based laser communication terminals and their market potentials globally. Moreover, the study provides the reader a detailed understanding of space-based laser communication terminal with respect to solution (space-to-space, space-to-ground station), component (optical head, laser receiver and transmitter, modulators, and demodulators, pointing mechanism, and others), and range (short, medium, large). Additionally, comprehensive coverage on end users and applications has also been added to the study.
Growth/Marketing Strategy: Players operating in the global space-based laser communication market are developing innovative products to enhance the capabilities of their product offerings. Growth/marketing strategies will help the readers in understanding the revenue-generating strategies adopted by the players operating in the global space-based laser communication market. For instance, in September 2019, Xenesis signed an agreement of $212 million with Hartwell Capitol Consulting for the supply of laser terminals to provide services for high-speed data transfer between space to ground communications. Moreover, other strategies adopted by the market players will help the reader in making strategic decisions, such as go-to-market strategies.
Competitive Strategy: Players analyzed and profiled in the study involve original equipment manufacturers (OEMs) and component providers that capture maximum share in the global space-based laser communication market. Moreover, a detailed competitive benchmarking of the players operating in the global space-based laser communication market has been done that will help the reader to understand how players stack against each other, presenting a clear market landscape. Additionally, comprehensive competitive strategies such as partnerships, agreements and collaborations, and mergers and acquisitions are expected to aid the reader in understanding the untapped revenue pockets in the market.
Key questions answered in the Report
• What are the futuristic trends in this market, and how is the market expected to change over the forecast years 2021-2031?
• What are the key drivers and challenges faced by the companies that are currently working in the global space-based laser communication market?
• How is the space-based laser communication market expected to grow during the forecast period 2021-2031?
• What are the opportunities for the companies to expand their businesses in the global space-based laser communication market?
• Which region is expected to lead the global space-based laser communication market by 2031?
• What are the key developmental strategies implemented by the key players to sustain in this highly competitive market?
• What is the current and future revenue scenario of this market?
• What is the competitive scenario of the key players in the global space-based laser communication market?
• What are the emerging technologies that the key companies are focusing on to increase their market share?
• What are the strengths and weaknesses of the companies that are influencing the growth of the market?
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.
