The global space-based lasercom terminals market is anticipated to grow at a significant CAGR during the forecast period. The major factor for the growth of the market is the increasing number of satellite launches globally. Since 1957, after the launch of the first satellite, Sputnik 1 more than 8,900 satellites have been launched. With this increased number of satellites, there was a need for faster retransmission of the information back to the Earth due to that there is a growing demand for global space-based lasercom terminals.
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Some of the key global players in the space-based lasercom terminal market include AAC Clyde Space (Hyperion Technologies), Analytical Space Operation, Ball Corporation, BridgeComm, General Atomics, HENSOLDT, Honeywell International, Laser Light Communication (Halo Network), and many others. In September 2019, Xenesis signed an agreement with Hartwell Capitol Consulting for $212 million in that the company supplied laser terminals for high-speed data transfer between the space and ground communications. Astrogate Labs, a Bengaluru based startup launched in 2017, was developed by Astro-Link which is a laser-based communication system used for the transmission of data from space to the ground and vice-a-versa. It is estimated that more than 17,000 small satellites will be launched by 2030 in the Low Earth Orbit that will fuel the growth of the space-based lasercom terminal market.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Space-Based Lasercom Terminals Market by Segments
By End-User
o Government
o Military
o Commercial
By Application
o Earth Observation
o Technology development
o Remote sensing
o Communication
o Surveillance
o Security
Global Space-Based Lasercom Terminals Market by Regions
North America
- United States
- Canada
Europe
- Germany
- United Kingdom
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East and Africa
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