Thursday, 18 April 2024
Thursday, 08 Jun 2023 12:00 am

Satellite Optical Ground Station Market is expected to reach US$ 113,299.14 million by 2028

Satellite Optical Ground Station Market share is anticipated to grow from $ 62,013.92 Mn in 2023 to $ 113,299.14 Mn by 2028 at a CAGR of 8.4%.

By The Insight Partners

Increasing Number of Strategic Alliances to Provide Growth Opportunities for Satellite Optical Ground Station Market During 2023–2028

According to our latest market study on "Satellite Optical Ground Station Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Operation, Equipment, Application, and End User," the market is expected to grow from US$ 62,013.92 million in 2023 to US$ 113,299.14 million by 2028; it is estimated to register a CAGR of 8.4% from 2023 to 2028.

Satellite Optical Ground Station Market – by Geography, 2023

To get free sample copy of the report, along with the TOC, Statistics, and Tables please visit @ https://www.theinsightpartners.com/brochure/TIPRE00029898 Source: The Insight Partners Analysis

The growing demand for satellite optical ground stations encourages companies to develop advanced solutions for the expansion of the space industry. For this expansion, the governments of different countries and stakeholders across industry verticals are continuously investing in R&D, propelling the growth of the satellite optical ground station market. They prefer various strategic alliances, such as partnerships, collaborations, and contracts, a few of which are mentioned below:

  • In March 2023, CONTEC announced that it had chosen Cailabs to supply an optical ground station which will be installed in 2024. This new optical ground station will incorporate the TILBA-ATMO component for reliable, high-speed communications. Also, the ground station will be CCSDS, SDA, and QKD-capable.
  • In February 2023, The Rwanda Space Agency (RSA) announced partnering with ATLAS Space Operations Inc. to build satellite ground infrastructure in Rwanda. Under this agreement, RSA is building a teleport capable of hosting multiple ground stations to service satellites in different orbits.
  • In September 2022, Safran Data Systems announced that it had signed a contract with CONTEC to deliver an optical ground station that is to be installed in Western Australia. Safran will deliver a turnkey Optical Ground Station (OGS), which will consist of a mount offering optimal coverage; a 50-cm telescope; a complete pointing, acquisition, and tracking system; and a rotating dome.
  • In September 2022, SSC announced that the European Space Agency (ESA) had awarded them a US$ 1.09 million (EUR 1.1 million) contract to support the development of the optical communication project Network of Optical stations for Data transfer to Earth from Space (NODES). Under this contract, SSC placed an order with Cailabs to deliver a ground station in Western Australia, scheduled to begin trials in early 2024.

Thus, through contracts and partnerships, various companies are working on providing advanced optical ground stations, which are anticipated to offer potential growth opportunities for the satellite optical ground station market during the forecast period.

The rise in the number of satellite launches and new ground stations is one of the major factors supporting the growth of satellite optical ground station market across the US. Moreover, the upgrade in the existing satellite ground station network infrastructure, including military satellite ground stations across the country, is another major factor supporting the growth of satellite optical ground station market across the region.

  • In February 2023, SpaceX announced that it had chosen Adelanto for a Starlink ground infrastructure facility site to support the company’s next-generation of satellites that are to be launched in the near future.
  • In 2022, BlueHalo won a contract worth US$ 1.4 billion from the US Space Force for the upgrade of 12 military ground stations across the country wherein BlueHalo will replace the old parabolic satellite dishes with electronic phased array antennas across the military ground stations.
  • In February 2023, satellite operator KSAT announced that it was expanding its network with the installation of new ground station antennas across Antarctica and expanding its capacity in the US through multiple antennas in Hawaii, Alaska, and the Southeast US.
  • In January 2023, SpaceX’s Starlink announced the launch of its fleet of second-generation satellites and expansion of its ground station infrastructure across the US.

Such developments are catalyzing the growth in the adoption of satellite ground station technologies across the country, driving the satellite optical ground station market growth.

Raytheon Technologies Corporation, General Dynamics Corporation, Lockheed Martin Corporation, and Konsberg Gruppen are among the key satellite optical ground station market players profiled during the study on the market. Several other major satellite optical ground station market players were studied and analyzed during this market research study to get a holistic view of the market and its ecosystem. The satellite optical ground station market report provides detailed market insights, which helps the key players strategize their growth.

The US was the most affected country in North America due to the COVID-19 pandemic. Strict regulations imposed by the US government in Q2 of 2020 led to a temporary halt in all manufacturing activities. Also, there was a temporary suspension of all production activities in the space industry, which negatively affected the growth of the satellite optical ground station market during the pandemic. However, as soon as the lockdown restriction was lifted and the manufacturing activities restarted, the market started to recover. Various market players and space agencies in North America started incorporating laser communication technology for data transfer. In October 2021, NASA announced that its two optical ground stations, OSG 1 and 2, located on Table Mountain (California) and Haleakal? (Hawaii) will support its laser communications relay demonstration mission. Thus, through laser communications, the agency will be able to communicate data from space to the ground station. Hence, the increasing demand for laser communication by the space industry in North America will further propel satellite optical ground station market growth during the forecast period.

Contact Us
Contact Person: Content Team 
Phone: +1-646-491-9876
Email Id: sales@theinsightpartners.com

The Insight Partners :    https://www.theinsightpartners.com

The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

Smarter Decisions with Smart News

Smart Market News is committed to getting its readers the latest updates and insights on industries that help in making “smarter” business decisions. With insights and inputs from corporate decision makers, we bring you the stories of adopting innovative solutions and strategies that have been changing the world. Our editorial insights on products, solutions, companies, and adoption of best practices not only help in understanding the markets better, but also prove to be a complete package for your information needs.

Subscribe to our newsletter
Get the latest in your inbox weekly Sign up for the fully charged newsletter
© The News and Media Division of The Insight Partners 2024 | All Rights Reserved | Privacy Policy