PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1148034
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1148034
Free Space Optics (FSO) Communication Market size was valued at USD 280.1 Million by 2020, growing at a CAGR of 35.6% from 2022 to 2028.
Free Space Optic Communication (FSO) is an optical communication system that allows optical connection for telecommunication and computer networking by wirelessly transmitting data via light propagation in free space or vacuum. This line-of-sight technology comprises optical transceivers at both ends with bidirectional capacity for data, phone, and video transmission at a maximum data rate of 10Gbps by transferring optical beams via open air rather than optical glass fibre cable cores.
Market Dynamics
To transform the input into a digital signal for subsequent transmission, Free Space Optics (FSO) employs several modulation techniques such as amplitude and phase modulation. The introduction and development of new coding schemes targeted at increasing the communication process and data transmission quality have driven recent developments in the Free Space Optics (FSO) Market. Free space optics is gaining popularity due to its numerous advantages, which include inexpensive installation costs, high bandwidth availability; fast data transfer speed, and increased connection. Furthermore, free space optics technology is appropriate for military and commercial uses such as communications.
The two key drivers driving the Global Free Space Optics (FSO) Market are convenient connection and the necessity to find an alternative to RF technology. Aside from that, high installation costs and interference from the environment may stymie global market expansion. Free space optics technology operates on the same principles as fibre optics technology, except that it employs air as a medium for information transmission rather than fibre optic cables. Furthermore, the setup for free-space optical communication takes only a few hours to complete. These are some of the major causes fueling the FSO Market's expansion. The market, however, confronts a few hurdles.
The COVID-19 epidemic has had only a little impact on the free space optics communication market. The epidemic has changed people's lives all around the world, and the number of cases is fast growing. The pandemic had an impact on the communication infrastructure and the telecommunications industry. The COVID-19 epidemic will almost probably postpone the introduction of Li-Fi technology, hurting all supply chain stakeholders.
Segmentation Analysis:
Free Space Optics (FSO) Communication Market is segmented on the basis of Industry Vertical, Application, and Region.
The worldwide free space optics (FSO) communication market is classified into IT and telecommunication, aerospace and military, consumer electronics, automotive, and others. In 2021, the IT and telecommunications segment will dominate the worldwide free space optics (FSO) communication market, since data transferred via the FSO system is more secure than data provided via fibre-based optical networks and RF communication systems.
Wireless communication technologies are currently costly, and optical fibre systems are typically difficult to deploy, but free-space optical communication (FSOC) systems provide an appealing option for point-to-point telecommunications. This is propelling the free space optics (FSO) communication market's IT and telecommunications segment.
The free space optics (FSO) communication market has been segmented by application into data transmission, last-mile access, security and surveillance, enterprise connectivity, and others. In 2021, the data transmission category led the worldwide free space optics (FSO) communication market, as it employs lasers and LEDs to provide high bandwidth connections to send data like speech, video, and documents across a light beam for telecommunication and computer networking.
Competitive Landscape:
Key companies in the free space optic communication industry took the required measures to provide quicker pathways to larger bandwidth capacity, making this technology a permanent option for distant locations throughout the world where fibre optic networks are not economically viable. Ericsson, a multinational networking and telecommunications company, and VodafoneZiggo, a joint venture of Liberty Global and Vodafone, will open a 5G Hub at High Tech Campus Eindhoven in January 2020.
Mitsubishi Electric Corporation claimed in May 2022 that it has built the world's first laser communication terminal that integrated spatial laser acquisition and space optical communication in the photodetector. It determines the orientation of received beams in the 1.5-m band, which is utilised for terrestrial optical fibre communications and other purposes.
Key features of the study:
This proposed research study on Free Space Optics (FSO) Communication Market provides market size (US$ million), compound annual growth rate (CAGR %) and forecast estimation (2022-2028), considering 2021 as the base year
The research report elucidates potential growth opportunities across different segments/countries and explains attractive investment proposition matrix for Free Space Optics (FSO) Communication Market
The overall report identifies new investment opportunities, challenges faced by established players, and growth factors to sustain in the Free Space Optics (FSO) Communication Market
Impact of COVID-19 on Free Space Optics (FSO) Communication Market size, forecast, CAGR, and market dynamics are discussed in detail under the research scope. Detailed insight on Free Space Optics (FSO) Communication Market post-COVID will also be covered.
In order to give the users of this report a comprehensive view on the Free Space Optics (FSO) Communication Market, we have also included competitive landscape and key innovator analysis for the Free Space Optics (FSO) Communication Market.
The study encompasses a growth prospect mapping analysis, wherein all the industry segments are benchmarked based on their market size, growth rate and attractiveness.
The report offersdetailed company profiling featuring major market participantswhich will help users to understand their financial information and strategic initiatives of players operating in the Free Space Optics (FSO) Communication Market.
In addition, the report also unveil the important acquisitions & mergers, collaborations & joint ventures, new launch, research & development, regional expansion of major participants involved in the market on global as well as regional level.
The global Free Space Optics (FSO) Communication Market report primarily caters to various stakeholders in this industry including suppliers, investors, new entrants, distributors, and financial analysts
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
GLOBAL FREE SPACE OPTICS (FSO) COMMUNICATION MARKET KEY PLAYERS
Anova Technologies
General Electric Co.
Fujitsu Ltd.
Trimble Hungary Kft
Wireless Excellence Ltd.
L3Harris Technologies Inc.
Mostcom Ltd.
Plaintree Systems Inc.
Mynaric AG
Space Photonics Inc
GLOBAL FREE SPACE OPTICS (FSO) COMMUNICATION MARKET, BY INDUSTRY VERTICAL
IT And Telecommunication
Aerospace And Defense
Consumer Electronics
Automotive
Others
GLOBAL FREE SPACE OPTICS (FSO) COMMUNICATION MARKET, BY APPLICATION
Mobile Backhaul
Disaster Recovery
Data Transmission
Airborne Application
Last-Mile access
Security and Surveillance
Others (Enterprise Connectivity, Storage Area Network, etc.)
GLOBAL FREE SPACE OPTICS (FSO) COMMUNICATION MARKET, BY REGION
North America
The U.S.
Canada
Europe
Germany
France
Italy
Spain
United Kingdom
Russia
Netherlands
Sweden
Poland
Rest of Europe
Asia Pacific
India
China
South Korea
Japan
Australia
Thailand
Indonesia
Philippines
Rest of APAC
Latin America
Brazil
Mexico
Argentina
Colombia
Rest of LATAM
The Middle East and Africa
Saudi Arabia
United Arab Emirates
Israel
Turkey
Algeria
Egypt
Rest of MEA