Optical Satellite Communication Market is Estimated to Grow upto 3355.01 Million by 2025 | By Major Market Players Wireless Excellence, AOptix Technologies, Inc., ATLAS Space Operations Inc., Fog Optics Inc., L3 Technologies, Inc and many more...
PUNE, India, June 22, 2019 (GLOBE NEWSWIRE) -- Global Optical Satellite Communication Market By Application (Chemical Manufacturing, Research & Laboratory, Semiconductors & Others), and By Region - Global Market Opportunity and Current Growth Analysis 2019-2025
Global Optical Satellite Communication Industry was valued at USD 491 Million in the year 2018. Global Optical Satellite Communication Industry is further estimated to grow at a CAGR of 31.6% from 2018 to 2025 to reach USD 3355.01 Million. The communication industry has growing contineously due to the demand for increased connectivity. Communication technology plays a major role in all the industries for operating their businesses over the large distance across the globe. Telecommunication is the most prominent sectors which is responsible for providing internet connectivity to support the transmission of data.
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The Asia Pacific optical satellite communication Industry is expected to grow with the highest CAGR during the forecast period. India, Japan, China, and Australia are some of the major countries which drive the Industry in this region. Numerous initiatives by various government agencies of countries in Asia Pacific is the key reason for the growth of the Industry in this region. For instance, in 2018, space agency ISRO (of India) and France based CNES collaborated for an earth observation mission for high resolution imaging capability in optical and microwave technology.
Major market players in Optical Satellite Communication Industry are Analytical Space Inc., AIRLINX Communications Inc., Anova Technologies, CableFree: Wireless Excellence, AOptix Technologies, Inc., ATLAS Space Operations Inc., Fog Optics Inc., L3 Technologies, Inc., BridgeSat Inc., Hisdesat Servicios Estrategicos S.A., LightPointe Communications, Inc., Mostcom Ltd., Mynaric AG, Maxar Technologies Ltd., Mitsubishi Electric Corporation, SITAEL S.p.A, Ball Aerospace & Technologies Corp., Plaintree Systems Inc., Sky Fiber Inc., Space Photonics, Inc., Mynaric AG, and Laser Light Communications Inc., Trimble Inc., and fSONA Networks Corp
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