At 13.2% CAGR, the Asia Pacific Satellite Optical Ground Station Market is projected to be worth US$ 29,571.07 million by 2028, says The Business Market Insights

According to the Business Market Insights’ research, the Asia Pacific satellite optical ground station market was valued at US$ 15,918.59 million in 2023 and is expected to reach US$ 29,571.07 million by 2028, registering a CAGR of 13.2% from 2023 to 2028. Growing number of satellites launches, and rising amount of space debris are the critical factors attributed to the Asia Pacific satellite optical ground station market expansion.

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. 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 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.

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.

On the contrary, signal interruption of the optical operations hurdles the growth of Asia Pacific satellite optical ground station market. 

Based on operation, the Asia Pacific satellite optical ground station market is segmented into laser satcom and optical operations. The optical operations segment held 68.9% share of Asia Pacific satellite optical ground station market in 2023, amassing US$ 10,967.64 million. It is projected to garner US$ 20,056.52 million by 2028 to expand at 12.8% CAGR during 2023–2028. The laser satcom segment is further sub-segmented into OISL, direct-to-earth, and feeder links.

Based on application, the Asia Pacific satellite optical ground station market is segmented into laser operation, debris identification, earth observation, and space situational awareness. The earth observation segment held 32.9% share of Asia Pacific satellite optical ground station market in 2023, amassing US$ 5,231.64 million. It is projected to garner US$ 9,858.65 million by 2028 to expand at 13.5% CAGR during 2023–2028. The laser operation segment is further sub-segmented into ranging and communication.

Based on end user, Asia Pacific satellite optical ground station market is segmented into government & military and commercial enterprises. The government & military segment held 70.7% share of Asia Pacific satellite optical ground station market in 2023, amassing US$ 11,256.77 million. It is projected to garner US$ 21,302.24 million by 2028 to expand at 13.6% CAGR during 2023–2028.

Based on equipment, the Asia Pacific satellite optical ground station market is segmented into consumer equipment and network equipment. The network equipment segment held 69.1% share of Asia Pacific satellite optical ground station market in 2023, amassing US$ 10,992.19 million. It is projected to garner US$ 20,719.71 million by 2028 to expand at 13.5% CAGR during 2023–2028.

Based on country, the Asia Pacific satellite optical ground station market has been categorized into China, India, Japan, and the Rest of Asia Pacific. Our regional analysis states that China captured 43.3% share of Asia Pacific satellite optical ground station market in 2023. It was assessed at US$ 6,885.75 million in 2023 and is likely to hit US$ 13,076.33 million by 2028, exhibiting a CAGR of 13.7% during 2023–2028.

Key players operating in the Asia Pacific satellite optical ground station market are AAC Clyde Space AB; Ball Corp; Comtech Telecomm Corp; Hensoldt AG; ODYSSEUS SPACE SA; and Thales SA, among others.   

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