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Laser Communication Terminal Market Size, Industry Analysis Report By Component By Type Equipment, Service), By End-user (Inter-satellite Laser Communication, Satellite-to-Ground Laser Communication) & Region - Forecasts By 2033

  • PUBLISHED ON
  • 2023-08-25
  • NO OF PAGES
  • 214
  • CATEGORY
  • Electronics & Communication

 Market Overview

Global Laser Communication Terminal Market valued at USD 121,790 million in 2022 is anticipated to reach a value of USD 186,266 million in 2033, growing at a CAGR of 40.6%.

 

Report Scope

Report Attributes

Description

Market Forecast in 2022

USD 121,790 Million

Market Forecast in 2033

USD 186,266 Million

CAGR % 2023-2033

40.6%

Base Year

2022

Historic Data

2020-2021

Forecast Period

2023-2033

Report USP

Product Type, end-user industry, company share, company heatmap, company Component Technology Type capacity, growth factors and more

Segments Covered

Type, End User

Regional Scope

North America, Europe, APAC, South America and Middle East and Africa

Country Scope

U.S.; Canada; U.K.; Germany; France; Italy; Spain; Benelux; Nordic Countries; Russia; China; India; Japan; South Korea; Australia; Indonesia; Thailand; Mexico; Brazil; Argentina; Saudi Arabia; UAE; Egypt; South Africa; Nigeria

Key Companies

Coherent Inc., TRUMPF Group, IPG Photonics Corporation, ROFIN-SINAR Technologies Inc., Newport Corporation, Jenoptik AG, Lumentum Holdings Inc., GSI Group, Inc., Hans Laser Technology Industry Group Co. Ltd., and Epilog Laser, TESAT Spacecom (Airbus), SpaceX, Mynaric AG, Thales Alenia Space, Ball Aerospace & Technologies, Japan Aerospace Exploration Agency, CASIC, Space Micro, China Aerospace Science and Technology Corporation, Xenesis, LGS Innovations, Fibertek, Hensoldt and ATLAS Space Operations.

 

Laser Communication Terminal Market: Description

Laser communication technology combines the advantages of radio communication and optical fiber communication, and uses laser as carrier to communicate. Laser communication technology has the advantages of strong anti-interference ability, high security, high communication rate, fast transmission speed, convenient band selection and large information capacity. It is characterized by small size, light weight, low power consumption, simple construction, flexible manoeuvring and has great strategic needs and application value in military and civil fields.

Lasers are becoming increasingly important in our high-tech environment. They have become robust, compact and versatile with technological developments. Lasers are source of light with unique properties which makes their applications area wide. Laser technology is extensively used in defence and security fields. This technology allows research into the laser based weapon systems used by a number of defensive structures and ships. This technology is also a necessity for expansion of energy into ion and plasma based weapon systems.

Laser communication technology can be used as an emergency communication scheme in the fields of earthquake relief, emergency, anti-terrorism, public security investigation and so on. In particular, space laser communication technology can provide military confidential information services for joint attack and defence of multiple weapons, and has outstanding advantages in local war, battlefield networking and information confrontation.

Due to the advantages of high bandwidth, fast and convenient transmission and low cost, space laser communication technology is the best choice to solve the transmission of small and micro base stations of the ""last kilometer"" and the fifth generation mobile communication technology (5g). The integrated information network project of China and earth is an important construction project to implement ""without network security, there is no national security"", including broadband backbone network and access network of space network. However, it is difficult to meet the maximum transmission broadband of 40-100 GB’s due to traditional microwave satellite communication mode The demand of the space laser network is urgently needed to support this major project.

 

Laser Communication Terminal Market- Segmental Analysis:

Type Insights

The Equipment segment accounted for a significant revenue share in 2022 and is anticipated to grow at a significant CAGR.

 

End User Insights

Inter-satellite Laser Communication segment is expected to dominate the Laser Communication Terminal market during the forecast period.

 

Regional Insights

The Global Laser Communication Terminal Market is further segmented into five major countries- North America, Europe, Asia-pacific, Latin America, Middle East and Africa.

North America is the largest market for laser technology, whereas Asia-Pacific is expected to hold the largest share in the coming years as it is expected to become a centre for the trade of consumer electronics products in the near term. The growth in North America market is due to the advancements in medical laser technologies, growing elderly population, increasing prevalence of eye diseases and chronic diseases, and improved health care infrastructure.

 

Competitive Analysis

Coherent Inc., TRUMPF Group, IPG Photonics Corporation, ROFIN-SINAR Technologies Inc., Newport Corporation, Jenoptik AG, Lumentum Holdings Inc., GSI Group, Inc., Hans Laser Technology Industry Group Co. Ltd., and Epilog Laser, TESAT Spacecom (Airbus), SpaceX, Mynaric AG, Thales Alenia Space, Ball Aerospace & Technologies, Japan Aerospace Exploration Agency, CASIC, Space Micro, China Aerospace Science and Technology Corporation, Xenesis, LGS Innovations, Fibertek, Hensoldt and ATLAS Space Operations.

·         In March 2021, Coherent Inc announced that it had been awarded a contract by the U.S. Department of Defense (DoD) to develop and deliver LCTs for military applications. The contract was valued at USD 26.5 million and aimed to provide the DoD with high-performance LCTs that can operate in challenging environments.

·         In June 2021, Coherent Inc announced that it had completed the acquisition of OR Laser Technology, a German-based company specializing in laser-based manufacturing solutions. The acquisition was expected to expand Coherent's capabilities in laser technology and enable the company to offer a wider range of laser products to its customers, including those in the LCT market.

 

Global Laser Communication Terminal Market- Segmental Analysis

Based on Type

• Equipment

• Service

 

Based on End-user

Inter-satellite Laser Communication

• Satellite-to-Ground Laser Communication

 

1.       Global Laser Communication Terminal Market Introduction and Market Overview

1.1.    Objectives of the Study

1.2.    Global Laser Communication Terminal Market Scope and Market Estimation

1.2.1. Global Laser Communication Terminal Overall Market Size, Revenue (US$ Mn), Market CAGR (%), Market forecast (2023 - 2033)

1.2.2. Global Laser Communication Terminal Market Revenue Share (%) and Growth Rate (Y-o-Y) from 2019 - 2033

1.3.    Market Segmentation

1.3.1. Type of Global Laser Communication Terminal Market

1.3.2. End-user of Global Laser Communication Terminal Market

1.3.3. Region of Global Laser Communication Terminal Market

2.      Executive Summary

2.1.    Global Laser Communication Terminal Market Industry Trends under COVID-19 Outbreak

2.1.1. Global COVID-19 Status Overview

2.1.2. Influence of COVID-19 Outbreak on Global Laser Communication Terminal Market Industry Development

2.2.    Market Dynamics

2.2.1. Drivers

2.2.2. Limitations

2.2.3. Opportunities

2.2.4. Impact Analysis of Drivers and Restraints

2.3.    Pricing Trends Analysis & Average Selling Prices (ASPs)

2.4.    Key Mergers & Acquisitions, Expansions, JVs, Funding / VCs, etc.

2.5.    Porter’s Five Forces Analysis

2.5.1. Bargaining Power of Suppliers

2.5.2. Bargaining Power of Buyers

2.5.3. Threat of Substitutes

2.5.4. Threat of New Entrants

2.5.5. Competitive Rivalry

2.6.    Value Chain / Ecosystem Analysis

2.7.    Russia-Ukraine War Impacts Analysis

2.8.    Economic Downturn Analysis

2.9.      Market Investment Opportunity Analysis (Top Investment Pockets), By Segments & By Region

3.      Global Laser Communication Terminal Market Estimates & Historical Trend Analysis (2019 - 2022)

4.      Global Laser Communication Terminal Market Estimates & Forecast Trend Analysis, by Type

4.1.    Global Laser Communication Terminal Market Revenue (US$ Mn) Estimates and Forecasts, by Type, 2019 to 2033

4.1.1. Equipment

4.1.2. Service

5.      Global Laser Communication Terminal Market Estimates & Forecast Trend Analysis, by End-user

5.1.    Global Laser Communication Terminal Market Revenue (US$ Mn) Estimates and Forecasts, by End-user, 2019 to 2033

5.1.1. Inter-satellite Laser Communication

5.1.2. Satellite-to-Ground Laser Communication

6.      Global Laser Communication Terminal Market Estimates & Forecast Trend Analysis, by Region

6.1.    Global Laser Communication Terminal Market Revenue (US$ Mn) Estimates and Forecasts, by Region, 2019 to 2033

6.1.1. North America

6.1.2. Europe

6.1.3. Asia Pacific

6.1.4. Middle East & Africa

6.1.5. South America

7.      North America Laser Communication Terminal Market: Estimates & Forecast Trend Analysis

7.1.    North America Laser Communication Terminal Market Assessments & Key Findings

7.1.1. North America Laser Communication Terminal Market Introduction

7.1.2. North America Laser Communication Terminal Market Size Estimates and Forecast (US$ Million) (2019 – 2033)

7.1.2.1.   By Temperature Rating

7.1.2.2.   By Application

7.1.2.3.   By End-user Industry

7.1.2.4.   By Country

7.1.2.4.1.     The U.S.

7.1.2.4.2.     Canada

7.1.2.4.3.     Mexico

8.      Europe Laser Communication Terminal Market: Estimates & Forecast Trend Analysis

8.1.    Europe Laser Communication Terminal Market Assessments & Key Findings

8.1.1. Europe Laser Communication Terminal Market Introduction

8.1.2. Europe Laser Communication Terminal Market Size Estimates and Forecast (US$ Million) (2019 – 2033)

8.1.2.1.   By Type

8.1.2.2.   By End-user

8.1.2.3.        By Country

8.1.2.3.1.     Germany

8.1.2.3.2.     U.K.

8.1.2.3.3.     France

8.1.2.3.4.     Italy

8.1.2.3.5.     Spain

8.1.2.3.6.     Russia

8.1.2.3.7.     Rest of Europe

9.      Asia Pacific Laser Communication Terminal Market: Estimates & Forecast Trend Analysis

9.1.    Asia Pacific Market Assessments & Key Findings

9.1.1. Asia Pacific Laser Communication Terminal Market Introduction

9.1.2. Asia Pacific Laser Communication Terminal Market Size Estimates and Forecast (US$ Million) (2019 – 2033)

9.1.2.1.   By Type

9.1.2.2.   By End-user

9.1.2.3.        By Country

9.1.2.3.1.     China

9.1.2.3.2.     Japan

9.1.2.3.3.     India

9.1.2.3.4.     Australia

9.1.2.3.5.     South Korea

9.1.2.3.6.     ASEAN

9.1.2.3.7.     Rest of Asia Pacific

10.  Middle East & Africa Laser Communication Terminal Market: Estimates & Forecast Trend Analysis

10.1.  Middle East & Africa Market Assessments & Key Findings

10.1.1.   Middle East & Africa Laser Communication Terminal Market Introduction

10.1.2.   Middle East & Africa Laser Communication Terminal Market Size Estimates and Forecast (US$ Million) (2019 – 2033)

10.1.2.1.    By Type

10.1.2.2.    By End-user

10.1.2.3.    By Country

10.1.2.3.1. U.A.E.

10.1.2.3.2. Saudi Arabia

10.1.2.3.3. Egypt

10.1.2.3.4. South Africa

10.1.2.3.5. Rest of Middle East & Africa

11.  South America Laser Communication Terminal Market: Estimates & Forecast Trend Analysis

11.1.  South America Market Assessments & Key Findings

11.1.1.   South America Laser Communication Terminal Market Introduction

11.1.2.   South America Laser Communication Terminal Market Size Estimates and Forecast (US$ Million) (2019 – 2033)

11.1.2.1.    By Type

11.1.2.2.    By End-user

11.1.2.3.    By Country

11.1.2.3.1. Brazil

11.1.2.3.2. Argentina

11.1.2.3.3. Colombia

11.1.2.3.4. Rest of South America

12.  Competition Landscape

12.1.  Global Laser Communication Terminal Market Competition Matrix & Benchmarking, by Leading Players / Innovators / Emerging Players / New Entrants

12.2.  Global Laser Communication Terminal Market Competition White Space Analysis, By End-user

12.3.  Global Laser Communication Terminal Market Competition Heat Map Analysis, By End-user

12.4.  Global Laser Communication Terminal Market Concentration & Company Market Shares (%) Analysis, 2022

13.  Company Profiles

13.1.                     Coherent Inc.

13.1.1.   Company Overview & Key Stats

13.1.2.   Financial Performance & KPIs

13.1.3.   Product Portfolio

13.1.4.   Business Strategy & Recent Developments

* Similar details would be provided for all the players mentioned below 

13.2.      TRUMPF Group

13.3.      IPG Photonics Corporation

13.4.      ROFIN-SINAR Technologies Inc.

13.5.      Newport Corporation

13.6.      Jenoptik AG

13.7.      Lumentum Holdings Inc.

13.8.      GSI Group, Inc.

13.9.      Hans Laser Technology Industry Group Co. Ltd.

13.10.  Epilog Laser

13.11.  TESAT Spacecom (Airbus)

13.12.  SpaceX

13.13.  Mynaric AG

13.14.  Thales Alenia Space

13.15.  Ball Aerospace & Technologies

13.16.  Japan Aerospace Exploration Agency

13.17.  CASIC

13.18.  Space Micro

13.19.  China Aerospace Science and Technology Corporation

13.20.  Xenesis

13.21.  LGS Innovations

13.22.  Fibertek

13.23.  Hensoldt

13.24.  ATLAS Space Operations

13.25.  Others**

14.  Research Methodology

14.1.  External Transportations / Databases

14.2.  Internal Proprietary Database

14.3.  Primary Research

14.4.  Secondary Research

14.5.  Assumptions

14.6.  Limitations

14.7.  Report FAQs

15.  Research Findings & Conclusion

 

Quality Assurance Process

  1. We Market Research’s Quality Assurance program strives to deliver superior value to our clients.

We Market Research senior executive is assigned to each consulting engagement and works closely with the project team to deliver as per the clients expectations.

Market Research Process




We Market Research monitors 3 important attributes during the QA process- Cost, Schedule & Quality. We believe them as a critical benchmark in achieving a project’s success.

To mitigate risks that can impact project success, we deploy the follow project delivery best practices:
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  • Form project steering committee
  • Assign a senior SR executive as QA Executive
  • Conduct internal editorial & quality reviews of project deliverables
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  • Monitor client satisfaction
  • Monitor realized value post-project

Case Study- Automotive Sector

One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).

Solution

The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research

The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.

Market Estimates and Forecast

In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.

Case Study- ICT Sector

Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.


Business Solution

An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.


Conclusion

The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.


Frequently Asked Questions

What is the market size and growth projections?

The Global Laser Communication Terminal Market valued at USD 121,790 million in 2022 is anticipated to reach a value of USD 186,266 million in 2033, growing at a CAGR of 40.6%.

What are the drivers shaping various markets?

High Data transfer Rates: When compared to conventional radio-frequency (RF) communication systems, laser communication terminals offer much higher data transfer rates. This is crucial for applications that need to send enormous amounts of data, such satellite communications and space exploration.

Who are the key competitors of market Players?

Some of the major players operating within the market are Coherent Inc., TRUMPF Group, IPG Photonics Corporation, ROFIN-SINAR Technologies Inc., Newport Corporation, Jenoptik AG, Lumentum Holdings Inc., GSI Group, Inc., Hans Laser Technology Industry Group Co. Ltd., and Epilog Laser, TESAT Spacecom (Airbus), SpaceX, Mynaric AG, Thales Alenia Space, Ball Aerospace & Technologies, Japan Aerospace Exploration Agency, CASIC, Space Micro, China Aerospace Science and Technology Corporation, Xenesis, LGS Innovations, Fibertek, Hensoldt and ATLAS Space Operations.

What are the top performing segments, and countries / regions of each of the markets?

The Global Laser Communication Terminal Market is further segmented into five major countries- North America, Europe, Asia-pacific, Latin America, Middle East and Africa. North America is the largest market for laser technology, whereas Asia-Pacific is expected to hold the largest share in the coming years as it is expected to become a centre for the trade of consumer electronics products in the near term.

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