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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.

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Optical Satellite Communication Market Report Scope:

Report Coverage


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


Forecast Period


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.

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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.

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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About MarketsandMarkets™

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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.

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Blockchain Press Releases

Webb Unveils Tangle Network Testnet, Pioneering the Future of Private, Decentralized Applications



NEW YORK, Sept. 29, 2023 /PRNewswire/ — Today, Webb announced the launch of its much-anticipated Tangle Network Testnet, setting the stage for a new era of private and decentralized applications.

About Webb

Led by founder Drew Stone, Webb is the premier cross-chain zero-knowledge messaging layer, committed to revolutionizing blockchain privacy. Backed by industry giants like Polychain, Lemniscap, and Commonwealth Labs, Webb introduces a suite of tools aimed at advancing zero-knowledge (ZK) and multi-party computation (MPC) applications across multiple blockchains.

The Challenge and Our Solution

Blockchain networks today face significant hurdles: limited interoperability, scaling difficulties, centralized control, and privacy concerns. Webb’s Tangle Network, built on the powerful Substrate framework, is designed to tackle these challenges by offering a next-generation blockchain platform.

Why Tangle Network?

Our vision is to make it easier for developers to create secure, private zero-knowledge (ZK) and multi-party computation (MPC)-based decentralized applications. Tangle Network simplifies:

  • Proof Generation: Delegate computational tasks to our validators.
  • Trusted Setups: Tangle Network manages complex ceremonies for you.
  • Secure Signing: Utilize our threshold signing for cross-chain operations.

By removing these barriers, we massively improve the time to launch for ZK and MPC-based decentralized applications.

Noteworthy Features

  • Unparalleled speed, security, and scalability via Substrate.
  • Decentralized control through Distributed Key Generation (DKG).
  • Advanced protocols for zero-knowledge applications.
  • Cross-chain compatibility with IBC and XCM.
  • Easy migration of existing apps through Ethereum Virtual Machine (EVM) support.
  • Smooth, forkless upgrades.

What’s Next?

The Testnet launch kicks off with an in-depth whitepaper, followed by a series of engagement events during the testnet phase. Our mainnet is scheduled for a Q1/Q2 2024 launch, featuring hackathons, workshops, and a targeted grant program to accelerate the adoption of privacy-focused applications.

Testnet Quick Links

Get Involved

  • Developers: Start building on Tangle today. Learn More
  • Validators and Relayers: Help secure and maintain the network. Learn More
  • Join the Community: Follow us on Twitter or join our Discord.

Contact Us
For media inquiries, partnerships, or more information, email us at [email protected] 

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Blockchain Press Releases

ChainUp Celebrates 6th Anniversary, Charting Blockchain Innovations beyond Digital Assets



SINGAPORE, Sept. 29, 2023 /PRNewswire/ — ChainUp, a Singapore-based trailblazer and global leader in the blockchain industry, marked its sixth anniversary celebration with more than 500 business partners at Ce La Vi Singapore. During the celebration, ChainUp Founder and CEO, Sailor Zhong reflected on the journey, “Six years in the blockchain industry showcases our resilience, innovation, and forward-looking approach. As we look to the future, we are committed to shaping a digital asset environment that is reliable, transparent, and unparalleled. ChainUp aims to champion blockchain solutions beyond the applications of digital assets and bridge the gap between digital asset markets and traditional finance (TradFi) to increase effectiveness and market efficiency.”

The DEX Renaissance
As decentralized finance (DeFi) comes into prominence and focused on returning control to users, one of the sectors impacted by DeFi are the exchanges where cryptocurrencies are traded. Data from CoinMarketCap reveals that trading volumes on Decentralized exchanges (DEX) reached $1.2 trillion in 2022, indicating a 340% YoY growth. However, factors such as poor user experience impeded the rate of adoption of DEX. Recognizing this trend, ChainUp has updated its white-labeled DEX solution, incorporating advanced features, strengthening its security, improving its liquidity and aims to provide a decentralized trading experience that is on par with commonly-used centralized exchanges (CEX).

Bridging TradFi and Digital Assets Market
The traditional financial sector has been progressing very cautiously on digital assets. As more institutions lean into RWA tokenization, they unlock unparalleled liquidity in a borderless trading environment. Amidst this evolution, ChainUp’s RWA solutions emerge as an industry pioneer, offering robust tokenization protocols, seamless integration, and enhanced security, bridging the gap between TradFi and the digital future with unmatched finesse.

Minimizing Risk and Maximizing Security
ChainUp’s MPC Wallet revolutionizes crypto security by integrating MPC technology with advanced hardware isolation, ensuring utmost safety and encryption on data. The wallet offers dynamic key-refreshing mechanisms, chain-agnostic compatibility, and eliminates single-point vulnerabilities. With efficient multi-address management and 24/7 expert support, users enjoy full asset control, scalability, and cost-efficiency, all under one roof.

Compliance: The Guiding Principle
Navigating global regulations in the blockchain sector can be complex. ChainUp’s KYT subsidiary, Trustformer, offers peace of mind for enterprises tackling compliance-related challenges.  ChainUp’s advanced solutions in Anti-Money Laundering (AML) and Counter-Terrorist Financing (CFT) show their commitment to a more secure blockchain environment.

For detailed insights into ChainUp’s innovative solutions, please visit:

About ChainUp
Headquartered in Singapore, ChainUp is a global leading end-to-end blockchain technology solutions provider covering infrastructure development and ecosystem support. Built on the mission to empower businesses through blockchain technology, ChainUp’s innovative and all-around compliant solutions include digital asset exchange, KYT, NFT trading, wallet, liquidity, Web3.0 infrastructure, digital asset custody, security token offerings and more. Established in 2017, ChainUp has offices around the world, serving more than 1,000 clients in 30 countries, reaching over 60 million end-users.

CONTACT: Jacelynn Pang, [email protected] 

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Blockchain Press Releases

BingX Collaborates with WunderTrading to Elevate Crypto Automated Trading



SINGAPORE, Sept. 27, 2023 /PRNewswire/ — BingX, a leading global cryptocurrency exchange, is thrilled to announce its integration with WunderTrading, a cutting-edge platform that allows users to trade and invest crypto seamlessly using automated trading bots. This strategic partnership is aimed at enhancing the automated trading experience for BingX users and introducing a new level of convenience and innovation.

WunderTrading is a cloud-based cryptocurrency trading platform that simplifies cryptocurrency trading experience for beginners. Users can easily copy strategies of renowned traders or create their own. The platform offers an advanced trading terminal and automated bots integrated with TradingView, allowing users to manage portfolios efficiently within a single app. WunderTrading stands out by consolidating trading tools, enhancing user experience, and introducing unique features like the Spread-trading Terminal.

The integration of BingX and WunderTrading offers BingX users a significant advantage. With access to TradingView integration and the innovative Spread-trading Terminal, users can automate their trading strategies and diversify their portfolios with minimal risk. The Spread-trading terminal enables BingX users to choose assets for constructing a spread and will execute buy and sell orders simultaneously for the selected pairs. This integration empowers BingX users to create and fine-tune crypto trading bots swiftly, providing a unique opportunity to optimize their trading while minimizing market volatility risks.

Megan Nyvold, Head of Branding at BingX, expressed her excitement about the collaboration, saying, “BingX is always striving to offer our users the most innovative and user-friendly tools to navigate the crypto market with efficiency and greater ease. Our partnership with WunderTrading is a significant step forward. With this integration, we empower our users to trade smarter, diversify their portfolios, and navigate the crypto market with newfound confidence. We’re excited to see our users leverage the power of automated trading through WunderTrading and make the most of this enhanced trading experience.”

As BingX and WunderTrading join forces, users can look forward to an enhanced trading journey filled with innovative tools and features designed to optimize their trading strategies.

About BingX

BingX is a leading crypto exchange that offers spot, derivatives, copy, and grid trading services to over 100 countries and regions worldwide with over 5 million users. BingX continues to connect users with expert traders and the platform in a safe and innovative way. Please visit to learn about BingX.

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