The global space-based laser communication market is estimated to reach $10.72 billion in 2033 from $1.56 billion in 2022, at a growth rate of 13.43% during the forecast period 2023-2033. 

Space-based laser communication market has witnessed significant growth, primarily driven by technologies such as artificial intelligence (AI), electronically steered antennas (ESAs), miniaturization of parts, and inter-satellite links (ISLs) that enhance communication performance both on the ground and in space. These advancements have spurred the demand for space-based laser communication solutions, offering faster data transfer rates, improved connectivity, and greater efficiency in satellite communication systems.