Optical Satellite Communication Market Size

Optical Satellite Communication Market size was valued at USD 2.93 billion in 2024 and is projected to exceed USD 36.61 billion by the end of 2037, expanding at over 21.2% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of optical satellite communication is evaluated at USD 3.43 billion.. The growth of the market can be impelled by the rising worldwide use of mobile phones. In 2020, the global usage of mobile phones reached 6.2 billion users, and it is projected to exceed 7 billion in 2023.

The industry is expected to grow over the coming years due to increasing demand for more extensive network bandwidth. In addition, market expansion throughout the period foreseen is projected to be possible as a consequence of increasing shifts in business from offline to online. During the COVID-19 outbreak, over 40% of U.S. workers were working in a remote capacity.