Chicago, Oct. 02, 2023 (GLOBE NEWSWIRE) The Optical Satellite Communication Market Size is projected to grow from USD 282 Million in 2023 to USD 1134 Million by 2028, growing at a CAGR of 32.1 % from 2023 to 2028.
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/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.
By requiring suppliers of laser terminals to comply with a common set of standards, the U.S. Space Development Agency has helped propel the industry forward, executives said.
Europe plans to launch Eagle-1, the first space-based quantum key distribution system for the European Union, in 2024, which could lead to an ultrasecure communications network.
"I'm focusing on laser communication terminals because I think that's the strongest candidate to build in the US," Rob Geckle, CEO of Airbus U.S. Space & Defense, told Breaking Defense.