Blockchain Press Releases
Optical Satellite Communication Market worth $1,134 million by 2028 – Exclusive Report by MarketsandMarkets™
CHICAGO, Aug. 16, 2023 /PRNewswire/ — The Optical Satellite Communication Market is valued at USD 282 million in 2023 and is projected to reach USD 1,134 million by 2028, at a CAGR of 32.1% from 2023 to 2028 according to a new report by MarketsandMarkets™. The optical satellite communication market is a subset of the space and satellite industry that focuses on the development, deployment, and commercialization of optical communication systems, specifically those that use laser beams for data transmission between satellites and ground stations and potentially between celestial bodies. Optical satellite communication, also known as laser communication or free-space optical communication (FSO), involves sending data over space using laser beams.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=181507372
Browse in-depth TOC on “Optical Satellite Communication Market”
180 – Tables
70 – Figures
250 – Pages
Optical Satellite Communication Market Report Scope:
|
Report Coverage |
Details |
|
Market Revenue in 2023 |
$282 million |
|
Estimated Value by 2028 |
$1,134 million |
|
Growth Rate |
Poised to grow at a CAGR of 32.1% |
|
Market Size Available for |
2019–2028 |
|
Forecast Period |
2023–2028 |
|
Forecast Units |
Value (USD Million/Billion) |
|
Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
|
Segments Covered |
By Type, Component, Application, Laser Type and Region |
|
Geographies Covered |
North America, Europe, Asia Pacific, and Rest of World |
|
Key Market Challenge |
Atmosphere Interference |
|
Key Market Opportunities |
Towering adoption of cloud-based services by different industries |
|
Key Market Drivers |
Space Exploration and Scientific Research |
This technique has various advantages over standard radio frequency (RF) communication, including larger data speeds, lower latency, increased security, and reduced interference susceptibility.
The optical satellite communication market encompasses a range of components, services, and applications that leverage these benefits. Components and technologies in the Optical Satellite Communication market are laser transmitters and receivers, adaptive optics systems, modulators and demodulators, satellite terminals, and transponders. The types of optical satellite communication market Satellite Communication are Space-to-Ground Communication, Deep Space Communication, and Earth Observation. Applications are telecommunication & cellular backhaul, business & enterprise, earth observation & remote sensing, scientific research & exploration, transportation & logistics, government & defense & others. Quantum Key Distribution (QKD) technology and laser-based communication are two new trends in optical satellite communication.
Advances in laser technology, regulatory frameworks, demand for high-speed data transmission, satellite deployment trends, and the expanding interest in space exploration all have an impact on the optical satellite communication business.
Based on the type, the Satellite-to-satellite communication segment is estimated to lead the Optical satellite communication market from 2023 to 2028.
Based on the platform, the Satellite-to-satellite segment is estimated to lead the Optical satellite communication market from 2023 to 2028. It guarantees that satellites keep their orbits and times in line. Global coverage, dispersed sensing, and collaborative observations all require this cooperation. It enables satellites to instantly transmit data to other satellites or ground stations, allowing for near-real-time data dissemination. It lowers the dependency on ground stations for data transmission, allowing satellites to interact directly with one another.
Based on the components, Transponders dominate the market & are projected to witness the largest share in 2023.
The optical satellite communication industry is made up of numerous components that work together to develop, install, and operate optical communication systems for satellite-based applications. For ex. Transponders are devices that receive optical signals from space and transform them into electrical signals so that they can be processed further. They also do the opposite, transforming electrical signals into optical signals for transmission back into space. Other components are Transmitters, Receivers, Amplifiers, Transponders, Antennas, Converter & Others.
Based on the application, the government & defense segment dominates the market & is projected to witness the largest share in 2023.
Optical communication serves a wide range of commercial and military applications, including broadband internet services, media broadcasting, secure military communication, surveillance, and reconnaissance. Optical communication is utilized for communication between spacecraft and rovers exploring the Moon, Mars, and other celestial bodies. Optical links provide efficient data transfer for remote operations and scientific investigations. Optical communication can play a role in satellite servicing missions, providing real-time communication links for robotic systems and operators.
Based on laser type, GaAs-based lasers seem to dominate this segment and are estimated to account for the larger share of the Optical satellite communication market from 2023 to 2028.
The optical satellite communication market includes a wide range of laser technologies used for transferring data over space utilizing laser beams. Different laser types have distinct properties that make them appropriate for specific applications and circumstances in the satellite communication sector. Because of their efficiency, dependability, and compatibility with space settings, GaAs-based lasers have been widely utilized in optical satellite communication. Their great power output, temperature stability, and wavelength adaptability set them apart. GaAs lasers are widely used in inter-satellite communications, space-to-ground communication, and deep space missions. Other types are CO2 laser, Solid state-based laser, INP-based laser, Yag laser & others.
Inquiry Before Buying: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=181507372
The North American market is projected to contribute the most significant share from 2023 to 2028 in the Optical satellite communication market.
North America is home to some of the biggest players in the optical satellite communication market, including SpaceX, Boeing, and Lockheed Martin. These companies have a wealth of experience and expertise in space technology, and they are investing heavily in the development of optical satellite communication systems. The US government is a major supporter of the optical satellite communication industry. The government has invested millions of dollars in research and development of this technology, and it is also providing funding for the deployment of optical satellite communication systems. The US government is a major supporter of the optical satellite communication industry. The government has invested millions of dollars in research and development of this technology, and it is also providing funding for the deployment of optical satellite communication systems. North America is also a leader in the development of new technologies, such as quantum key distribution (QKD). QKD is a type of cryptography that uses quantum mechanics to create unbreakable encryption keys. This technology is being developed for use in optical satellite communication systems, and it has the potential to revolutionize the way we communicate in space.
The optical satellite communication companies is dominated by a few globally established players such as Ball Corporation (US), Mynaric AG (Switzerland), Bridge Comm Systems (US), SpaceMicro (US), and Tesat Spacecom GMBH (Germany).
Get 10% Free Customization on this Report:
https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=181507372
Browse Adjacent Market: Aerospace and Defence Market Research Reports &Consulting
Related Reports:
Airborne SATCOM Market by Installation Type (New Installation, Upgrade), Application (Government & Defense, Commercial), Platform (Fixed Wing, Rotary Wing, UAVs), Frequency, Component and Region – Global Forecast to 2027
Tactical Data Link Market Size, Share & Industry Growth Analysis Report by Application (Command & Control, ISR, EW, Radio Communication), Platform (Ground, Airborne, Naval, Unmanned Systems, Weapons), Component, Frequency, Data Link Type, Point of Sale, Military Standard, Region – Forecast to 2027
Military Antenna Market by Component (Reflectors, Feed Horn, Feed Networks, Low Noise Block Converter (LNB)), Frequency Band (HF, VHF, UHF SHF, AND EHF), End Use (OEM and Aftermarket), Type, Application, Platform and Region (2021-2026)
Aircraft Communication System Market Size, Share & Industry Growth Analysis Report by Connectivity (SATCOM, VHF/UHF/L-Band, HF and Data Link), Fit (Line Fit, Retrofit), Platform (Fixed-wing, Rotary-wing, UAVs and eVTOL/eSTOL), Component and Region – Global Forecast to 2027
Satellite Communication (SATCOM) Equipment Market by Solution (Products and Services), Platform (Portable, Land Mobile, Land Fixed, Maritime), Technology (SOTM/COTM, SOTP), Vertical, Connectivity, Frequency and Region – Forecast to 2028
About MarketsandMarkets™
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: [email protected]
Visit Our Web Site: https://www.marketsandmarkets.com/
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/optical-satellite-communication-market.asp
Content Source: https://www.marketsandmarkets.com/PressReleases/optical-satellite-communication.asp
Logo: https://mma.prnewswire.com/media/660509/MarketsandMarkets_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/optical-satellite-communication-market-worth-1-134-million-by-2028—exclusive-report-by-marketsandmarkets-301902292.html
Blockchain Press Releases
MEXC Lists 160 Tokens in April, Delivers Over 800% Returns Across Top Gainers
VICTORIA, Seychelles, May 12, 2025 /PRNewswire/ — MEXC, a leading global cryptocurrency exchange, has released its April 2025 trading highlights, showcasing impressive results in token performance, early listing advantages, and community-driven events like airdrops.
Key Takeaways:
- MEXC listed 160 new tokens in April, led by trends in Meme, GameFi, AI, and DePIN sectors.
- Top 10 new listings delivered an average of 832.33% ATH return, with HOUSE soaring +3,830%.
- Tokens with high spot trading volume saw daily returns averaging 403.49%.
- By pioneering listings for five key tokens—most notably HOUSE, which surged 11,580% between listings—MEXC gave users early access prior to their inclusion in IDO and alpha programs on other tier1 exchanges.
- Airdrop+ campaigns reached 40,000+ participants, distributing about $1.5M in token rewards with a 40 USDT average return per user.
According to the report, MEXC listed 160 new tokens in April, a 16.79% increase compared to March. This increase was driven by surging user interest in sectors such as Meme coins, GameFi, AI, and DePIN. This expansion of early-access opportunities reflects MEXC’s agile listing strategy and commitment to supporting new niches and communities.
Top New Listings Deliver 832% Average Peak Returns
MEXC’s strategic approach to listings paid off, with the top 10 tokens achieving an average all-time high return of 832.33%. HOUSE led the pack, posting a remarkable +3830.90% gain, followed by SEED (+952.63%) and TROLLSOL (+831.31%). These high performers span ecosystems including Solana, Sui, BSC, Ethereum, and Babylon.
Strong Daily Performance Tied to Trading Volume
April’s top 10 tokens by spot trading volume also posted robust short-term returns, with an average 24-hour return of 403.49%. Among them were the following assets:
- WCT (+849.40%)
- BANK (+937.10%)
- BABY (+738.00%)
The early token growth metrics highlight that activity on the platform is an important signal for early traders.
MEXC Empowers Traders with Early Price Discovery Capabilities
Notably, five tokens later featured in leading IDO and alpha programs were listed on MEXC prior to their program debuts, posting price gains of several hundred to several thousand percent between the two events:
- HOUSE: +11,580%
- PUMP: +281.54%
The report findings reinforced MEXC’s reputation as a platform where market momentum is often detected first.
Airdrop+ Events Attract 40,000 Participants, Drive New Token Buzz
MEXC ran 23 Airdrop+ campaigns during the month, attracting over 40,000 participants and distributing almost $1.5 million in tokens. The average return per participant was 40 USDT, with top-performing tokens like SEED, PUMP, and BABY included in the prize pools.
Airdrop+ has proven itself as a tool not only for attracting but also activating users, especially in Asian and emerging markets. A recent MEXC report based on the analysis of more than 100 campaigns in recent months revealed that up to 35% of new users register through participation in airdrop activities. Users involved in the campaign were more likely to continue active trading and participate in subsequent IDO/IEO offerings on the platform.
About MEXC
Founded in 2018, MEXC is committed to being “Your Easiest Way to Crypto.” Serving over 40 million users across 170+ countries, MEXC is known for its broad selection of trending tokens, everyday airdrop opportunities, and low trading fees. Our user-friendly platform is designed to support both new traders and experienced investors, offering secure and efficient access to digital assets. MEXC prioritizes simplicity and innovation, making crypto trading more accessible and rewarding.
MEXC Official Website｜ X ｜ Telegram ｜How to Sign Up on MEXC
Photo – https://mma.prnewswire.com/media/2683370/image.jpg
Logo – https://mma.prnewswire.com/media/2668118/MEXC_new_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/mexc-lists-160-tokens-in-april-delivers-over-800-returns-across-top-gainers-302452245.html
Blockchain Press Releases
HashKey Group Announces Launch of HashKey Global MENA with VASP License in UAE
HONG KONG, May 12, 2025 /PRNewswire/ — HashKey Group (“HashKey”), a leading end-to-end digital asset financial services group in Asia Pacific, has secured a Virtual Asset Service Provider (VASP) license from Dubai Virtual Assets Regulatory Authority (VARA). The license was granted to HashKey MENA FZE, the operating entity of HashKey Global MENA, marking the official launch of the company in the United Arab Emirates (UAE). With this license, HashKey Global MENA is authorized to provide both Virtual Asset Exchange Services and Virtual Asset Broker-Dealer Services within, and originating from, the Emirate of Dubai.
Securing the VASP license represents a significant milestone in HashKey’s market expansion strategy into the region. As the UAE continues to establish itself as the premier hub for digital assets in the Middle East, HashKey Global MENA will cater to consumers and enterprises seeking trusted, compliant access to virtual asset services.
To meet the growing institutional needs, the company will introduce a suite of products and services distinguished by several best in class features:
- USD and AED Deposits & Withdrawals: Offers fiat on and off-ramp, allowing users to directly transfer USD from their bank account to HashKey Global MENA’s fiat wallet. As a strategic partner, Standard Chartered provides fiat currency deposit and withdrawal services for the platform. Powered by the bank’s industry-leading (on & off)-ramp solution, the platform offers users a reliable, and highly efficient fiat deposit and withdrawal experience.
- OTC Services: HashKey Global MENA OTC delivers regulated block trading with competitive all-inclusive pricing, ensuring transparent quotes and zero hidden fees for market-leading rates. Large orders benefit from instant execution, eliminating slippage risks, while flexible settlement options cater to institutional and HNWI liquidity needs.
- Major Top 10 Tokens Available For OTC: Access top-tier cryptocurrencies, including Bitcoin (BTC) and Ethereum (ETH), alongside stablecoins (USDT, USDC), available through OTC services through on and off ramps using USD and AED. BTC and ETH remain the most sought-after tokens, offering trusted liquidity and alignment with institutional demand. All assets are custodied on a VARA-licensed platform with institutional-grade safeguards.
“As a licensed platform, HashKey Global MENA embraces institutional needs by offering a regulated gateway for fiat-crypto transactions, backed by institutional-grade safeguards and strategic partnerships like Standard Chartered. Our regional expansion ambitions, with a strategic focus on the GCC, are rooted in empowering MENA’s institutions and HNWIs with seamless, cost-efficient access to global crypto markets, reinforcing the UAE’s position as a hub for blockchain innovation while prioritizing compliance and client protection at every step,” said Sherif Sanad, Country Manager, HashKey Global MENA.
The UAE has firmly established itself as the third-largest crypto economy in the MENA region. To meet the needs of this rapidly expanding market, HashKey Global MENA will deliver not just virtual asset trading services, but will continue to evolve and develop innovative digital asset products, designed and delivered within VARA’s robust regulatory and compliance framework.
“At HashKey, we believe innovation in crypto shouldn’t come at the cost of compliance. In fact, the industry’s future depends on building boldly—while staying within clear, trusted regulatory frameworks. That’s why we’re committed to working closely with regulators around the world to deliver reliable digital asset products and services on a global scale,” said Sherif Sanad, Country Manager, HashKey Global MENA.
HashKey Group already holds digital asset-related licenses from regulators in Hong Kong, Singapore, Japan, and Bermuda, as well as VASP registration in Ireland. As part of its ongoing commitment to building a world-class regulatory footprint, the company is also actively pursuing a Markets in Crypto-Assets (MiCA) license in the European Union. The HashKey Global MENA exchange will be live starting from May 19th.
About HashKey Global MENA
HashKey Global MENA is the exchange business under HashKey Group, offering licensed crypto asset trading services to users worldwide. HashKey MENA FZE (VL/18/03/002), the operating entity of HashKey Global MENA, is licensed by the Dubai Virtual Assets Regulatory Authority (VARA) as a Virtual Asset Service Provider. Certain services, features, and campaigns may not be available in your jurisdiction.
Disclaimer: https://group.hashkey.com/disclaimer-group/blank-1
Logo – https://mma.prnewswire.com/media/2598630/5312377/HashKey_Group_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/hashkey-group-announces-launch-of-hashkey-global-mena-with-vasp-license-in-uae-302452212.html
Blockchain Press Releases
Bybit and Ghaf Labs Announce Strategic Partnership to Accelerate Web3 Adoption in the Middle East
DUBAI, UAE, May 12, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, and Ghaf Labs, a MENA-based Web3 boutique advisory and consultancy firm, have signed a Memorandum of Understanding (MOU) to enter a multi-year strategic partnership. The alliance aims to drive crypto adoption, ecosystem development, and real-world utility across the Middle East and North Africa (MENA).
This partnership underscores a shared mission to position the region as a global Web3 hub by enabling innovation, supporting regulatory clarity, and fostering meaningful use cases that integrate blockchain into daily life.
Ecosystem Growth and Startup Acceleration
Ghaf Labs, backed by Ghaf Capital Partners—Dubai’s pioneering blockchain-focused private capital firm—offers tailored advisory and incubation services to Web3 ventures across MENA. With its strong regional network and regulatory insight, Ghaf Labs plays a key role in scaling blockchain projects in one of the fastest-growing digital economies.
Together, Bybit and Ghaf Labs will provide equity-free grants, startup support, and access to strategic resources for ventures exploring blockchain, AI, and sustainability—sectors central to the region’s digital transformation.
“Our partnership with Ghaf Labs is rooted in a shared vision for the MENA region — one where crypto isn’t just adopted, but lived,” said Helen Liu, COO and Partner of Bybit. “From developer tooling to lifestyle integration, we’re building the bridges that bring crypto into everyday life.”
Investing in Talent and Community
The collaboration will also launch a series of education initiatives designed to nurture local Web3 talent. These include university partnerships, bootcamps, and developer hackathons, all aimed at empowering the next generation of blockchain builders.
Additionally, both parties will co-develop educational content to improve Web3 literacy across Arabic- and English-speaking communities in the region.
“This partnership with Bybit reflects our shared commitment to advancing Web3 infrastructure, education, and institutional engagement across the MENA region. Together, we aim to accelerate innovation and continue to position the UAE as a global hub for digital assets.”
— Feras Al Sadek, Co-Founder and Managing Partner at Ghaf Labs
Lifestyle, Payments, and Cultural Impact
Beyond development, the partnership highlights the real-world utility of crypto through lifestyle applications like the Bybit Card. This product connects digital assets with premium experiences, including exclusive access through partners such as Grand Millennium Hotels in Dubai—demonstrating the role of crypto in elevating travel, luxury, and everyday spending.
The alliance will also elevate the regional event scene, co-branding marquee events like The Crypto Polo Cup and Crypto Fight Night. These gatherings merge luxury, sport, and Web3 culture to amplify awareness and engagement.
With this MOU in place, Bybit and Ghaf Labs will jointly explore innovation funding, institutional integration, and blockchain-powered use cases across finance, hospitality, education, and beyond—contributing to a resilient Web3 infrastructure in MENA.
This strategic collaboration reinforces the UAE’s status as a forward-thinking jurisdiction and reflects Bybit’s long-term investment in the region’s digital future.
#Bybit / #TheCryptoArk
About Ghaf Labs
Ghaf Labs is a boutique consultancy and advisory firm that specializes in web3 ventures, which are projects that use blockchain and decentralized technologies to create a more open, fair, and secure internet. Ghaf Labs helps web3 ventures expand their presence and adoption in the Middle East and North Africa (MENA) region, by providing them with market insights, strategic partnerships, regulatory guidance, and community building.
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 70 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open, and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.
For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: [email protected]
For updates, please follow: Bybit’s Communities and Social Media
Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube
Photo – https://mma.prnewswire.com/media/2684737/Image_2025_05_12_05_51_28.jpg
Logo – https://mma.prnewswire.com/media/2267288/Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/bybit-and-ghaf-labs-announce-strategic-partnership-to-accelerate-web3-adoption-in-the-middle-east-302452187.html
-
Blockchain Press Releases6 days agoHTX Premieres USD1 Stablecoin Globally, Partnering with World Liberty Financial to Forge a New Era of Decentralized Economy
-
Blockchain5 days ago
Colb Asset SA Raises $7.3 Million in Oversubscribed Round to Bring Pre-IPO Giants to Blockchain
-
Blockchain Press Releases4 days agoHTX and Justin Sun Launch $6M Mars Program Special Edition, Offering One User a Historic Space Journey
-
Blockchain4 days agoBlocks & Headlines: Today in Blockchain – May 9, 2025 | Robinhood, Solana, Tether, China, Women in Web3
-
Blockchain3 days ago
Bitget Blockchain4Youth sostiene l’innovazione del Web3 e dell’IA all’hackathon “Build with AI” di Google Developer Group
-
Blockchain5 days ago
Blocks & Headlines: Today in Blockchain – May 7, 2025 | Coinbase, Riot Games, Curve DAO, Litecoin, AR.IO
-
Blockchain Press Releases6 days agoJuCoin made a global impact at TOKEN2049 Dubai, advancing its ecosystem with the “Peak Experience” vision and JuChain’s robust tech.
-
Blockchain Press Releases3 days agoBybit Surpasses 70 Million Users, Reinforces Commitment to Transparency and Institutional Growth
