Free Space Optics (FSO) Communication Technology - Global Market Outlook (2019-2027)

Free Space Optics (FSO) Communication Technology - Global Market Outlook (2019-2027)

According to Stratistics MRC, the Global Free Space Optics Communication Technology market is accounted for $389.12 million in 2019 and is expected to reach $3,437.17 million by 2027 growing at a CAGR of 31.3% during the forecast period. The increasing need for digital connectivity, higher flexibility at low cost, and augmented need for higher and resilient bandwidth are the major factor driving the market growth. However, environmental issues like haze, rain, fog, and atmospheric turbulence resulting in instability of the network system is restraining the market growth.

Free space optics is a communication system where free space acts as a medium between transceivers and they should be in line-of-sight for the successful transmission of the optical signal. There is no requirement for the optical fiber cable. The technology is useful where the physical connections are impractical due to high costs or other considerations.

Based on the end user, the telecommunication segment is going to have high growth during the forecast period as free space optic communication technology is gradually being applied in the defense industry due to the need for a higher level of privacy in an extremely complex radiofrequency operating environment. By geography, Asia Pacific is going to have lucrative growth during the forecast period owing to the rapid progress of the IT & telecommunications industry, rapid technological developments in this area, and growing development in the connectivity & technology field in China and India.

Some of the key players profiled in the Free Space Optics Communication Technology Market include AIRLINX Communications, Inc, Anova Technologies, AOptix Technologies, Inc., BridgeSat, Inc., Fog Optics, Inc., Trimble, Inc., Mostcom Ltd., Plaintree Systems, Inc., Sky Fiber, Inc., Space Photonics, Inc., LightPointe Communications, Inc., Mynaric AG, L3 Technologies, Inc. and fSONA Networks Corp.

Components Covered:
• Transmitters
• Receivers
• Modulators
• Demodulators
• Encoders
• Decoders

Platforms Covered:
• Airborne
• Terrestrial
• Satellite

Ranges Covered:
• Short-Range
• Medium-Range
• Long-Range

Applications Covered:
• Disaster Management
• Last Mile Access
• Data Transmission
• Storage Area Network

End Users Covered:
• Healthcare
• Defense
• Telecommunication
• Traffic
• Aerospace Military
• Business

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019, 2020, 2024 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
Comprehensive profiling of additional market players (up to 3)
SWOT Analysis of key players (up to 3)
• Regional Segmentation
Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances