Laser Communication Market - Industry Dynamics, Market Size, And Opportunity Forecast To 2030

Laser communication technology has been a widely used form of communication between people and machines since its development in the early 1960s. The most significant advantage of using laser communication is that it removes the need for any buried cables or broadcast rights. The global laser communication market is projected to witness a major rise in its revenue from US$ 531.4 Mn in 2021 to US$ 3,644.7 Mn by 2030. The market is registering a CAGR of 24.2% during the forecast period. Laser communication is a communication method where a laser diode transmits a beam of information to a receiving beam. The most important condition needed for laser communication is a free, unhindered line of sight. Laser communication has more bandwidth than radio waves.

The market is majorly driven by factors such as the growing need for secure and high-speed wireless communication and the increasing demand for higher flexibility at a low cost. Laser communication is an innovation that will become a huge part of the space industry in the coming years. These are free-space tools, meaning no fiber-optic cables are needed, build on recent telecom advancements. Laser communication systems work in conjunction with satellites in order to improve the flow of data to earth so that humans can transmit more telemetry, which allows deeper exploration into space. All of this is due to the growing demand for secure, high-speed wireless communication and a drive for more flexible communications at more affordable costs. However, the need for extremely precise telescope pointers may hinder market growth. 

Key Insights of the Report: 

• The latest study published by Astute Analytica analyzes the Global Laser Communication Market for the study period of 2017-2030; where the historical years are 2017-2020, the base year is 2021 and the forecast period is 2022-2030.
• The research report offers a detailed study of market determinants including market drivers, restraints, opportunities, and trends; along with an attractive presentation in the form of impact analysis to gain a simpler and easy comparison view of all market determinants.
• The research study is a compilation of 19 chapters distributed across 271 pages with 59 lists of tables and 190 lists of figures.
• The market is segmented based on type, solution, range, component, application, end-user, and region.
• The market estimates are presented in terms of value (US$ Mn).
• Along with market estimations, the market study was conducted on the basis of various economic models such as PESTLE and Porter’s five force models.
• A detailed value chain analysis of the industry was conducted. It includes technology developers, laser communication technology integrators, service providers, and end-users.
• The competitive dashboard section includes analysis on the basis of Concentration Ratio (CR), based on market size and market presence of key companies.  The report also includes a market share analysis of Southeast Asia and Australia.

Key Takeaways from the Global Laser Communication Market Report:

• Based on type, the space terminal segment holds the highest market share in 2021 and further registers the highest CAGR over the projection period. Laser communication terminals in space use narrower beam widths than radio frequency systems, providing smaller “footprints” that can minimize interference or improve security by drastically reducing the geographic area where someone could intercept a communications link. Lasers have been used for communication in space for many years.
• In terms of solutions, the space-to-space segment dominates the laser communication market in 2021 and further record the highest growth rate over the forecast period. This is due to the increasing passion for space exploration by countries such as the US, China, and Russia.
• Based on range, short-range laser communications hold the highest market share in 2021. Further, the segment also registers the highest CAGR over the projection period. The urgent need for the development and expansion of wireless technology is driving the use of short-range laser communication systems. Further, the high bit transition rate and high bandwidth associated with short-range laser communications systems are also fueling the market growth.
• In terms of components, the laser component dominates the market in 2021 and is projected to continue its dominance during the forecast period. Laser light is used in optical fiber communications to send information over large distances with low loss. The growing need for better wireless communication networks and rapid improvements in laser and optical technologies is driving the growth of laser components in the market.
• Based on application, the technology development application records the highest share in the Global Laser Communication Market in 2021. However, the R&D segment registers the highest CAGR over the forecast period. Leading space agencies like NASA, China National Space Administration, Russian Federation Space Agency, European Space Agency, and Indian Space Research Organization are immensely working in the field of laser communication for space exploration and for the transfer of data using wireless connectivity.
• In terms of end-user, the satellite communication segment dominates the market in 2021 as the use of lasers for satellite communication has increased significantly. However, the government segment has the highest CAGR over the forecast period. This is because laser communication systems help government bodies to gather a large amount of data at low cost and high speed, thereby helping them in enhancing surveillance and carry-on new policy initiatives.
• North America is the highest shareholder region in the Global Laser Communication Market in 2021 and further registers the highest CAGR over the projection period. This is attributed to the ongoing research and development activities in wireless communication across the military, aerospace, and maritime sectors of the region. Further, private companies are also deploying their own satellite constellations to provide low-cost global communications.

Competitive Dashboard

The Global Laser Communication Market consists of local players and small-scale players. The key players in the market are Ball Aerospace and Technologies, Mynaric AG, Atlas Space Operations, Inc., Thales Alenia Space, BridgeComm, Inc., Hyperion Technologies, TESAT Spacecom, ODYSSEUS Space, Optical Physics Company, and Fibertek among others.

Segmentation Overview

The following are the various segments of the Global Laser Communication Market:

By Type segment of the Global Laser Communication Market is sub-segmented into:

• Ground Terminal
• Airborne Terminal
• Space Terminal

By Solution segment of the Global Laser Communication Market is sub-segmented into:

• Space-to-space
• Space-to-ground station

By Range segment of the Global Laser Communication Market is sub-segmented into:

• Short Range
• Medium Range
• Long Range

By Component segment of the Global Laser Communication Market is sub-segmented into:

• Transmitter
• Receiver
• Laser
• Modulator
• Demodulator
• Others

By Application segment of the Global Laser Communication Market is sub-segmented into:

• Technology development
• Earth observation & Remote sensing
• Communication
• Surveillance and Security
• Research and exploration
• Others

By End Users segment of the Global Laser Communication Market is sub-segmented into:

• Satellite Communications
• Transportation
• Military
• Civil
• Government
• Financial Services
• Others

By Region segment of the Global Laser Communication Market is sub-segmented into:

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • Western Europe
    • The UK
    • Germany
    • France
    • Italy
    • Spain
    • Rest of Western Europe
  • Eastern Europe
    • Poland
    • Russia
    • Rest of Eastern Europe
• Asia Pacific
  • China
  • India
  • Japan
  • Australia & New Zealand
  • ASEAN
  • Rest of Asia Pacific
• Middle East & Africa (MEA)
  • UAE
  • Saudi Arabia
  • South Africa
  • Rest of MEA
• South America
  • Argentina
  • Brazil
  • Rest of South America