Global Free Space Optics Market Insights, Opportunity Analysis, Market Shares and Forecast, 2016 - 2022
Global Free Space Optics Market Research Report 2016 by OBRC, is an extensive study on present state of the Free Space Optics Market. Free space optics uses light propagating in free space to transfer wirelessly data for communication and computer networking. Disaster recovery and engineering design services are primary adopters of free space optic technology, and are still driving the market. Increasing applications in defence, satellites and mobile backhaul are set to propel growth of the market further for the forecasted period. Both NASA and ESA are teaming up for research & development in free space optical communication (FSOC) technology. FSOC technology will be primarily used in data transmission from geosynchronous orbit (GEO) to lower earth orbit to earth communications. North America and Europe is the largest market for free space optic technology. Asia Pacific is the fastest growing market for the forecasted period.
The global free space optics market is expected to grow $940.2million at CAGR 51.8% during 2016-2022.
Growing demand for high speed connectivity at low cost, increasing adoption of free space optics technology among service providers and applications of free space optics in 3G and 4G connectivity are the drivers of free space optics market. Rising usage in military applications will also impact growth of market for the forecasted period.
Varying quality in signal due to environmental interference (for example, rain, fog, and line of sight) and lack of technology awareness are the factors hampering the growth of the free space optics market for the forecasted period.
The research report is segmented in terms of components and applications. Component segment is further sub segmented into microcontrollers, photodiodes, LEDs, and optics software. LEDs and photodiodes are the leading market in component segment. Application segment is further divided into mobile backhaul, healthcare, defence, disaster recovery, engineering & design services, satellites and other applications. Engineering & design services are the leading applications in the segment. Also, satellite and mobile backhaul are the fastest growing applications in the application segment for the forecasted period. According to a study by California Institute of Technology published in IEEE journal 2015, free space optics technology in mobile backhaul has been found up to 25 times more efficient, reliable and cost effective than radio frequency backhauls.
Some of the leading companies in free space optics are, Aoptix Technologies Inc., Canon Inc., Communication by Light Gmbh., Fsona Networks Crop., Lightpointe Communications Inc., Pav Data Systems Ltd., Plaintree Systems Inc., Trimble Hungary Kft., Wireless Excellence Ltd., Optelix Wireless, Oz Optics Ltd., Altechna Inc., Vescent Photonics., Optiwave systems Inc., and AV Optics Ltd. The report provides comprehensive information like company profile, sales, revenue, market share and contact information.
Joint ventures, agreements, partnerships, collaborations, expansion in different countries, and strengthening supply chain network with distributors are some of the strategies taken by pioneers in free space optics market, to increase their global presence. On 13th April 2016, US based Bridge Sat and Surrey Satellite Technology, UK joined together to build ultra-compact, low cost and low power laser terminals for secure data transmission from space to earth. Research & development investments are high with the impulse to develop quality and environmental friendly products. Small technology firms with unique and differentiated assets are driving innovation in free space optics market.
The research report analysed free space optics market geographically. Region wise the report is segmented as North America, Europe, Asia Pacific, and Rest of the World.
North America is leading free space optics market followed by Europe. Increasing research and development activities, first adoption of free space optics technology, and demand for quality communication upgrades are the factors driving free space optics market in North America and Europe for the forecasted period. North America also accounts for majority of the military application for free space optics technologies in the world, especially in ship to ship and naval communications. European Space Agency (ESA) and other space agencies in Europe are leading in advances for free space optics technology market.
Asia Pacific is the fastest growing market for free space optics. Developing economies like India and China, are investing seriously in infrastructure required for free space optics, which will drive free space optics market in the region. Emergence of new technology start-ups, and research & development will further add to the significant growth in the Asia Pacific region. Free space optics technology will have significant growth in Middle East & North Africa due to established quality telecom infrastructure and increasing consumer base.
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