The global optical satellite communication market size was valued at USD 512 million in 2021, at a CAGR of 12.9% during the forecast period 2022-2028. Optical communication, also referred as optical telecommunication, is a type of communication that uses light to convey data over a long distance. It can be done visually or with the help of electronic instruments. A transmitter encrypts a message into an optical signal, a conduit transports the signal to its terminal, and a receiver captures the message from the obtained optical signal in an optical communication system. When no electronic equipment is used, the ‘receiver' is a person who watches and interprets a signal, which can be simple or advanced. Expanding sight and sound administration, such as sound on-demand, video-on-demand, and shared, has led to a surge for high system data transfer capacity as the number of cell phone users has grown. Moreover, the growing acceptance of various mobilizing techniques, like as machine-to-machine communication and the Internet of things, promotes the requirement for high data rates, which has accelerated the Optical Satellite Communication Market globally.

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The demand for constant communication from virtually all end-client firms is increasing, putting a lot of pressure on the current system framework. This brings to a halt a prospective need for optical satellite communication to enable the transmission of high-speed traffic signals for territorial or global purposes. Furthermore, the growing availability of optical satellite communication benefits in the media sector is propelling the whole market forward. The growing demand for live transmission of commercial promotions, entertainment, and gaming, as well as live broadcast of various ongoing events and news, is expected to propel the optical satellite communication market forward.

The global optical satellite communication market is the segmentation:
 1) By Component: Demodulator, Modulator Receiver and Transmitter.
 2) By Application: Tracking and Monitoring, Telecommunication Surveillance and Security, Research and Space Exploration, Last Mile Access, Enterprise Connectivity, Earth Observation and Backhaul.

Due to the obvious rapid growth of the telecommunications sector, North America leads the optical satellite communication market, whereas Asia-Pacific is expected to rise in the forecast timeframe of 2022-2028 attributed to the increasing use of mobile phones.

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some of the major key players working in optical satellite communication market, which include Analytical Space, Inc., ATLAS Space Operations, Inc., BridgeSat Inc., Hisdesat, Maxar Technologies, Mitsubishi Electric Corporation, SITAEL S.p.A., Ball Aerospace & Technologies, Mynaric, Laser Light Communications, Hisdesat Servicios Estratégicos, S.A.  

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