The global optical satellite communication market size was valued at USD 1.51 billion in 20232. The market is projected to grow from USD 1.77 billion in 2023 to USD 5.12 billion by 2030, exhibiting a CAGR of 16.4% during the forecast period. Data relay satellites prominently use optical communication, which drives market growth. For remote sensing, earth observation, and other data, countries such as China, Japan, Russia, and the U.S., have demonstrated inter satellite communication for transmission.
Information Source:
https://www.fortunebusinessins....ights.com/industry-r
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