Optical Satellite Communication Market Share

North American Market Forecast

North America optical satellite communication market is projected to hold the largest revenue share of 30% by the end of 2037. A big contributor to market expansion is government initiatives for the development of communications technologies, which are gaining momentum and have been expected to further accelerate growth in this area over the coming years. Furthermore, the market is expected to lead during the forecast period in North America due to substantial research and development expenditure for new optical satellite communication technologies as well as an established presence within that region.

APAC Market Statistics

Asia Pacific region is expected to have 25% of the optical satellite communication market share during the forecast period. In this area, the industry expansion is largely due to the addition of Internet and Digital Satellite TV services. According to the Bank's estimates, in 2019 35.3% of South Asia's total population are accessing the Internet, up from 17.08% in 2017 and 18.78% in 2018.