Sony Corp. (NYSE: SONY), a multimedia and entertainment company, has entered the new space communications sector. Sony intends to fill a viable niche, as evidenced by the Starlink satellite network’s worth.
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Sony Space Communications (SSC) is a new company that will develop laser communications technology for tiny spacecraft. Interference-free laser communication enables the transfer of massive volumes of data.
As a result, laser transceivers are expected to be used on a wide range of modern technologies, from low-orbit satellites to deep-space expeditions.
Sony intends to build equipment that will allow for high-speed, real-time wireless communication between satellites and ground stations. Sony’s ultimate objective is to become a significant producer and technology leader in space laser communications technologies.
It’s worth noting that in the late 1970s, Sony and Philips co-developed optical disc technology, making them the first to employ laser radiation modulation for commercial data storage and reproduction.
Sony is most likely hoping to replicate its achievements in the field of space technology. The direction is quite promising, as network connection through satellites will almost certainly become universal by the end of the century. There will be a lot of laser transceivers and signal processors needed.
Sony will see a big rise in revenue if it can capture even ten percent of this market. The market for satellite laser communications is estimated to reach $1 billion in 2022, but it is expected to increase at a pace of at least 40% per year until 2028.
The stock of SONY fell -4.94% last week and climbed 9.99 percent in the previous month. During the previous quarter, this company’s stock dropped by -9.51%. The stock has been down -28.32 percent in the previous six months, with a full-year loss of -11.59%. This stock’s year-to-date (YTD) price performance is presently negative at -30.33% as of this writing.