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Free Space Optics (FSO) Market is Expected to Reach US$ 105.3 Billion by 2032, Grow at a CAGR 28.90% between 2022-2032
Published : May 2022

According to a market report, published by Sheer Analytics and Insightsthe total global free-space optics (FSO) market was valued at $5.5 billion in 2021 and it is expected to reach $105.3 billion at a CAGR of 28.9% between 2022 and 2032. Free space optics is a type of communication technology, which receives voices, video, and data information through wireless connections. Free space optics can work over distances of several kilometers. Hence, communication is clearly possible, while there is a line of sight between the source and the destination. Moreover, positioned mirrors can be used to reflect the energy, while there is no direct line of sight. Free space optics systems can be good solutions for broadband networking. Therefore, the increasing adoption of free space optics is expected to drive market growth during the forecast period. One of the major factors such as uncertainty of whether changes can create a problem with rain, dust, fog, and extreme temperature can block the connection or transmission path and later shut down the network. Thus, it can hinder market growth. Although, free space optics have been used in various forms over the last few decades, which has driven the growth of the market across the globe. 

There are several factors such as alternative solutions to overburdened RF technology for outdoor networking, last-mile connectivity, transfer of data in a faster and safer way than other technologies, and less power consumption by LEDs are expected to propel the growth of the market across the globe. The demand for free-space optics provides safe communications with high data bandwidth; therefore, so many applications such as healthcare related apps, consumer electronics, defense, and commercial, among others applications are creating strong opportunities and demand for free-space optics in various industries, which is estimated to drive the growth of the market. In Japan, the National Information and Communication Technology (NICT) has developed a terrestrial free-space optical communication network named INNOVA for a satellite-based optical communications project to work in the future. Moreover, in the U.K, satellite manufacturing companies are creating applications regarding free space optics, which would help their future projects while needed. These growing adoptions and advanced technological inventions are anticipated to fuel the free space optics market in near future. 

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The government of various developed countries is spending on R&D activities, which would help the free space optics solutions and technologies to gain more business opportunities during the upcoming years. Advanced technologies and coding schemes are recent trends in the free space optics market, which have aimed to improve the communication process and quality of data transmitted. Additionally, there are many benefits such as low installation cost, high bandwidth availability, high-speed data transmission, and improved connectivity, which have helped the free space optics market gain popularity across various regions. Free space optics require just a few hours of installation. However, a high cost of installation and interference due to uncertain whether changes can hinder the market growth in some other developing countries. 

According to the study, key players dominating the global free-space optics market are Fsona Networks Corporation (Canada), Wireless Excellence Limited (U.K), Signify Lighting Company (Netherlands), Lucibel Company (France), PureLifi Limited (U.S), Acuity Brands (U.S), panasoni Industrial Conglomerate Company (Japan), Trimble Company (U.S), Fraunhofer Society (Germany), ADVA Telecommunications Company (Germany), AIRLINX Communications Inc (U.S), Cailabs (France), Communication by Light Pardubice (Czechia), Collinear Networks (Singapore), EC System (U.S), Mynaric Communications Equipment Company (Germany ), Plaintree Systems Inc (Canada), Redline Infrastructure (South Africa), Computers and Information Technology Company (U.S), Anova Technologies (U.S), L3 Technologies Aerospace and Defense Company (U.S), AOptix Communications Equipment Company (U.S), Laser Optronics Company (Israel), Fog Optics Company (Brazil), LightPointe Communications Inc. (U.S), Plaintree Systems Inc (Canada), LightBee S.L (Spain), among others. 

The Global Telecom API Market Has Been Segmented Into:

The Global Free-Space Optics Market – By Type:  

  • Terrestrial
  • Satellite
  • Airborne

The Global Free-Space Optics Market – By End-Users:  

  • Mobile Backhaul
  • Enterprise Connectivity
  • Disaster Recovery
  • Defense and Military
  • Satellite
  • Healthcare
  • And Others

The Global Free-Space Optics Market – By Regions:

North America 

  • U.S.
  • Canada
  • Mexico

Europe

  • Germany
  • France
  • Italy
  • U.K.
  • Russia
  • Rest of Europe Countries

Asia-Pacific

  • India
  • China
  • Japan
  • South Korea
  • North Korea
  • Rest of Asian Countries

LAMEA

  • Brazil
  • Saudi Arabia
  • Rest of LAMEA

Browse The Full Report at https://www.sheeranalyticsandinsights.com/market-report-research/free-space-optics-market-21

 

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