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Optical Satellite Communication Market worth $1,134 million by 2028 – Exclusive Report by MarketsandMarkets™

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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.

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Browse in-depth TOC on “Optical Satellite Communication Market” 

180 – Tables
70 – Figures
250 – Pages

Optical Satellite Communication Market Report Scope:

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Report Coverage

Details

Market Revenue in 2023

$282 million

Estimated Value by 2028

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$1,134 million

Growth Rate

Poised to grow at a CAGR of 32.1%

Market Size Available for

2019–2028

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Forecast Period

2023–2028

Forecast Units

Value (USD Million/Billion)

Report Coverage

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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

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Key Market Challenge

Atmosphere Interference

Key Market Opportunities

Towering adoption of cloud-based services by different industries

Key Market Drivers

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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.

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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.

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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.

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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.

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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).

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Browse Adjacent Market: Aerospace and Defence Market Research Reports &Consulting

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About MarketsandMarkets™

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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.

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Blockchain

Blockchain Firm Squad Labs Raises $10 Million for Smart Wallet

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Squad Labs announced that its Series A funding round, led by Electric Capital with participation from RockawayX, Coinbase Ventures, L1D, Placeholder, and Mert Mumtaz, will propel the launch of its Fuse smart wallet. The company aims to establish Fuse as a premier solution for securing and compounding personal digital wealth amid the growing onchain economy.

According to the company’s news release on June 12, smart accounts and smart wallets are gaining traction across blockchains as they offer a more intuitive, secure, and programmable user experience. Fuse abstracts seed phrases and provides features like wallet recovery, 2FA capabilities, and enterprise-level security for personal custody, simplifying the choice of storing digital wealth on-chain.

In addition to securing funding, Squad Labs also announced the public testing launch of Fuse on iOS. This move is part of their strategy to expand accessibility and refine functionality ahead of a full market release.

Meanwhile, a recent report from PYMNTS Intelligence explores blockchain’s role in enhancing cross-border payments. It suggests that integrating blockchain can streamline payment processing, enable digital-to-fiat currency conversion, and introduce stablecoins for faster and cost-effective cross-border transactions. Business-friendly decentralized finance (DeFi) solutions further automate and secure transactions via smart contracts, reducing dependence on traditional payment systems and enhancing security and transparency.

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The report underscores the significance of educating businesses and end-users about the benefits of blockchain-based cross-border payments. It advocates for partnerships with FinTechs and proactive engagement with financial institutions to drive adoption and improve industry-wide support for blockchain technologies in payments.

Overall, Squad Labs’ funding round and Fuse’s development represent strategic advancements in blockchain technology aimed at enhancing digital wealth management and transforming cross-border payment landscapes.

Source: pymnts.com

The post Blockchain Firm Squad Labs Raises $10 Million for Smart Wallet appeared first on HIPTHER Alerts.

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Blockchain

TON Blockchain Surpasses Ethereum in Daily Active Users

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Ethereum’s comparative underperformance relative to TON can be attributed to several factors, notably the migration of a significant portion of its user activity to layer 2 scaling solutions. These solutions were not factored into the comparison with TON.

During a week marked by global crypto market fluctuations and cautious investor sentiment, The Open Network (TON), backed by Telegram, has seen substantial growth in user activity, surpassing Ethereum in daily active users.

Since the beginning of the month, TON and Ethereum have been closely vying for user engagement. However, leveraging Telegram’s extensive user base of 900 million, TON has consistently outpaced Ethereum for ten consecutive days starting June 1.

On June 3, TON achieved a significant milestone with 568,300 daily active addresses (DAAs), according to Artemis data. In contrast, Ethereum has not reached this level of activity since September 13, 2023.

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Delving Deeper
Ethereum’s apparent lower activity compared to TON can be attributed to various factors, including the adoption of layer 2 scaling solutions designed to enhance transaction throughput and reduce fees by processing transactions off the main Ethereum blockchain.

Consequently, the majority of Ethereum’s transactional activities have shifted to these layer 2 networks.

For instance, on June 11, the top three Ethereum layer 2 networks—Arbitrum, Base, and Optimism—collectively registered 1.3 million daily active addresses. This highlights that while Ethereum’s primary network may appear less active, substantial transactional volume is occurring on these secondary layers.

New Milestones and Market Performance
Despite the challenges of comparing directly with Ethereum, TON has demonstrated significant growth. Amidst the recent global market volatility, the network’s native token, Toncoin (TON), reached a milestone of $7.76 earlier this month, marking its highest valuation since launch.

Although Toncoin has since experienced a decline of over 12%, industry analysts remain optimistic about its future trajectory.

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A pseudonymous analyst, “Crypto King,” has forecasted a potential rise to $10 for TON in the near term, citing its robust user base, rapid infrastructure development, and Telegram’s support.

Another expert, Alex Clay, shares this positive outlook, suggesting short-term price targets of $10.5 to $11.6 for TON despite broader market downturns.

Furthermore, data from Token Terminal indicates promising long-term indicators for TON, showing a 3.6% rise in fully diluted market capitalization, a 76.3% increase in token holders, and a 26.0% growth in revenue and fees over the past 30 days.

Despite a slight decrease in trading volume by 11.6%, these metrics underline a strong underlying growth trend for TON.

Source: coinspeaker.com

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The post TON Blockchain Surpasses Ethereum in Daily Active Users appeared first on HIPTHER Alerts.

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Blockchain

Brickken is selected to participate in the European Blockchain Regulatory Sandbox

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Brickken, a startup based in Barcelona at the forefront of real-world asset tokenization, has been chosen to participate in the European Blockchain and Distributed Ledger Technologies (DLT) Regulatory Sandbox. This initiative aims to establish legal clarity for decentralized technologies like blockchain by identifying legal and regulatory hurdles to deployment. It will provide confidential guidance, legal counsel, and regulatory expertise.

Facilitated by the European Commission, this program will enable regulators to deepen their understanding of cutting-edge blockchain technologies and foster dialogue between public institutions and private entities such as Brickken.

By joining the European Regulatory Sandbox, Brickken gains the opportunity to refine and enhance its solutions within a secure environment. This will bolster its credibility with institutional clients, market operators, and bond issuers, facilitating its expansion into new markets. Brickken seeks to become a strategic partner for various participants in capital markets, enhancing operational efficiency and promoting technological synergy in digital asset management.

Edwin Mata, CEO and co-founder of Brickken, expressed excitement about this selection, emphasizing:

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“This opportunity validates our innovative approach to asset tokenization and allows us to collaborate closely with regulators and industry leaders to strengthen the blockchain ecosystem. The knowledge and experience gained in this regulatory sandbox will be invaluable for our future growth and success.”

Brickken’s inclusion in this sandbox marks a significant milestone in its mission to revolutionize the tokenization industry. Recently selected for PricewaterhouseCoopers’ Scale program for tokenization and digital assets, Brickken continues to advance blockchain adoption among institutional clients, banks, and capital markets. Additionally, the company has forged partnerships with industry leaders like Psalion and Chainlink, known for their real-world asset tokenization technology.

In collaboration with Coinbase, Brickken aims to set new standards in infrastructure and market structure for real-world asset tokenization. Leveraging Coinbase’s technology such as Wallet and Base, Brickken brings its expertise in tokenization and technology to build robust solutions.

Established in Barcelona in 2020 by Edwin Mata, Yassir Haouati, Bram Duindam, and Dario Lo Buglio, Brickken has experienced rapid growth, operating in over 14 countries and tokenizing assets exceeding 200 million euros. With a client base of over 50, the company has achieved over 100% growth compared to the previous year and is expanding into new verticals.

Brickken’s digital asset platform specializes in tokenizing financial instruments such as equity and debt, catering to entities of all sizes, asset types, and jurisdictions. Offering robust technological support, Brickken enables market entry without the need for proprietary technology development. This positions Brickken to serve diverse sectors including real estate, startups, institutions, venture capital funds, and family offices, facilitating efficient digitization and management of assets.

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Source: cointelegraph.com

The post Brickken is selected to participate in the European Blockchain Regulatory Sandbox appeared first on HIPTHER Alerts.

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