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Satellite Laser Communication Market Share

Report ID: GMI9958
Published Date: Jun 2024
Report Format: PDF

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Satellite Laser Communication Market Share

Airbus SE and Axelspace Corporation hold a significant share of over 35% in the market. Airbus SE, a global aerospace corporation, brings to the table its extensive experience and expertise in developing advanced satellite communication solutions. The company plays a pivotal role in shaping the landscape of satellite-based communication technologies with a diverse portfolio encompassing satellite manufacturing, launch services, and communication payloads.

Axelspace Corporation, a prominent player in the satellite industry, specializes in providing innovative satellite solutions, including microsatellites and Earth observation platforms. The company's strategic focus on leveraging cutting-edge technologies, coupled with its commitment to addressing the evolving needs of the market, has contributed to its substantial market share in the satellite laser communication segment.

Satellite Laser Communication Market Companies

Major players operating in the satellite laser communication industry are:

Airbus SE
Ball Aerospace & Technologies Corp.
L3Harris Technologies, Inc.
Lockheed Martin Corporation
Mynaric AG
NEC Corporation
Axelspace Corporation

Authors: Suraj Gujar, Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

Global industry size for satellite laser communication was valued at USD 702 million in 2023 and is anticipated to register 40% CAGR between 2024 and 2032 due to increasing adoption of space-based services and government initiatives and investments.

The commercial segment in the satellite laser communication market is expected to reach USD 5.5 billion by 2032 driven by the increasing demand for high-speed and reliable communication services among commercial entities.

North America market held 30% revenue share in 2023 driven by aerospace giants, research institutions, advanced infrastructure, regulatory support, and high demand for bandwidth-intensive applications.

Airbus SE, Ball Aerospace & Technologies Corp., L3Harris Technologies, Inc., Lockheed Martin Corporation, Mynaric AG, NEC Corporation, and Axelspace Corporation.