Satellite optical ground station market to reach $93.33B by 2030

The global satellite optical ground station market is expected to reach an estimated $93.33 billion by 2030 with a CAGR of 7.8% from 2024 to 2030.

The major drivers for this market are rising frequency of satellite launches, increasing amount of space debris, and introduction of new satellite technologies like optical communication terminals on satellites. The future of the global satellite optical ground station market looks promising with opportunities in the government & military and commercial enterprise markets.

The study includes a forecast for the global satellite optical ground station by type, application, and region.

Satellite Optical Ground Station Market by Type [Shipment Analysis by Value from 2018 to 2030]:

• Stationary Optical Ground Stations (S-AOGS)
• Transportable Optical Ground Stations (T-AOGS)

Stationary optical ground stations expected to witness the higher growth over the forecast period due to increased demand for flexibility and mobility.

Satellite Optical Ground Station Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Government and Military
• Commercial Enterprises

Within this market, government & military will remain the larger segment due to growing demand of secure and reliable communication channels for transmitting sensitive data. GlobeNewswire