At 14.0% CAGR, the Europe Satellite Optical Ground Station Market is projected to be worth US$ 38,045.85 million by 2028, says The Business Market Insights

According to the Business Market Insights’ research, the Europe satellite optical ground station market was valued at US$ 19,722.52 million in 2023 and is expected to reach US$ 38,045.85 million by 2028, registering a CAGR of 14.0% from 2023 to 2028. Growing number of satellites launches, and rising amount of space debris are the critical factors attributed to the Europe satellite optical ground station market expansion. 

The number of satellite launches is increasing globally because of the rising need for satellites in various applications such as earth observation, communication and navigation, and scientific research. In addition, the number of space rocket launches, primarily for deploying satellites in space, is also rising rapidly. In 2021, there were 136 successful rocket launches, whereas in 2022, the number rose to 180. In September 2022, it was seen that 16 orbital launches took place, of which 8 took place in China, 6 in the Americas, and Europe and Russia conducted one each.

As the number of satellite launches has increased, the need for optical ground stations also rose as they are used for commissioning and routine checkout of the satellite and transmitting and receiving the data simultaneously. Moreover, optical ground stations provide real-time communications at much higher data rates, up to several Gbps, compared to RF, which can be used for various applications such as broadband, navigation, and research. In addition, the optical ground station also helps survey space debris in different orbits around the Earth. Also, it is used to conduct surveys and follow-up observations of near-Earth objects, which can help protect the satellites in space and understand the accurate time and place to launch the satellite. Because of all the above uses of optical ground stations, various space centers are integrating new and advanced ground stations. For instance, in October 2022, DLR, the national aeronautics and space research center of the Federal Republic of Germany, inaugurated a new optical ground station at DLR's site in Oberpfaffenhofen. The new ground station will provide quantum secure communication and data rates in the terabit range and help improve the security of high-precision satellite navigation systems. Thus, the growing number of satellite launches is raising the need for more advanced and accurate optical ground stations, driving the satellite optical ground station market.

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

Based on operation, the Europe satellite optical ground station market is segmented into laser satcom, and optical operations. The optical operations segment held 66.6% share of Europe satellite optical ground station market in 2023, amassing US$ 13,138.17 million. It is projected to garner US$ 24,796.72 million by 2028 to expand at 13.5% CAGR during 2023–2028. The laser satcom segment is sub-segmented into OISL, direct-to-earth, and feeder links.

Based on application, the Europe satellite optical ground station market is segmented into laser operation, debris identification, earth observation, and space situational awareness. The earth observation segment held 33.5% share of Europe satellite optical ground station market in 2023, amassing US$ 6,600.80 million. It is projected to garner US$ 12,834.36 million by 2028 to expand at 14.2% CAGR during 2023–2028. The laser operation segment is further sub-segmented into ranging, and communication.

Based on end user, Europe satellite optical ground station market is segmented into government & military and commercial enterprises. The government & military segment held 70.2% share of Europe satellite optical ground station market in 2023, amassing US$ 13,842.29 million. It is projected to garner US$ 27,169.83 million by 2028 to expand at 14.4% CAGR during 2023–2028.

Based on equipment, the Europe satellite optical ground station market is segmented into consumer equipment and network equipment. The network equipment segment held 71.3% share of Europe satellite optical ground station market in 2023, amassing US$ 14,063.66 million. It is projected to garner US$ 27,438.55 million by 2028 to expand at 14.3% CAGR during 2023–2028.

Based on country, the Europe satellite optical ground station market has been categorized into Germany, France, UK, Russia, and the Rest of Europe. Our regional analysis states that Russia captured 31.3% share of Europe satellite optical ground station market in 2023. It was assessed at US$ 6,182.25 million in 2023 and is likely to hit US$ 11,444.19 million by 2028, exhibiting a CAGR of 13.1% during 2023–2028.

Key players operating in the Europe satellite optical ground station market are AAC Clyde Space AB; Ball Corp; Comtech Telecomm Corp; Hensoldt AG; Mynaric AG; ODYSSEUS SPACE SA; Tesat-Spacecom GmbH & Co KG; Thales SA; and The European Space Agency, among others.   

• In April 2023, HENSOLDT AG, a leading player in the European defense industry, has been promoted to the MDAX, the mid-cap index of the Frankfurt Stock Exchange. The company, which went public in September 2020, has consistently pursued its growth course and has continuously increased its innovative strength. It has increased investments, expanded its product portfolio, and made strategic acquisitions worldwide.  
• In Mar 2023, HENSOLDT Optronics, a sensor solutions provider, has broken ground for constructing a new plant in Oberkochen, Germany. The €100m investment project aims to expand the company's capacity to supply high-performance military equipment for the German Armed Forces and NATO members and the semiconductor industry. The plant's energy concept is also innovative and sustainable, with 70% of electricity to be covered by the company's renewable sources, to reach 100% in the long term. The new location is expected to be operational in 2025 and will create highly skilled jobs for the Ostwürttemberg region and beyond.

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