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    Free Space Optics Communication Market

    Free Space Optics Communication Market
    Report code - SR1254 Delivery - 2 Weeks
    Free Space Optics Communication Market Trends, Dynamics & Market Insights - 2023-2028. See more...

    Market Insights

    The free space optics communication market is estimated to grow from USD 435.9 million in 2022 to USD 2696.61 million by 2028 at a healthy CAGR of 34.99% during the forecast period.

    free-space-optics-communication-market-size

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    What is free space optics (FSO) communication technology?

    Free space optics (FSO) communication technology is a method of optical wireless communication that wirelessly conveys data through light propagation in free space. FSO communication technology is massively suitable for performing data transmission in localities that are not suitable for physical connections.

    Free Space Optics Communication Market Report Overview

    Market Size in 2028

    USD 2696.61 Million

    Market Size in 2022

    USD 435.9 Million

    Market Growth (2023-2028)

    CAGR of 34.99%

    Base Year of Study

    2022

    Trend Period

    2017-2021

    Forecast Period

    2023-2028

     

    COVID-19 Impact

    The COVID-19 outbreak has moderately affected the free space optics communication industry. The pandemic has turned the lives of people worldwide, with the number of cases increasing rapidly. The pandemic affected the communication infrastructure and the telecommunication sector. The COVID-19 outbreak will certainly delay the deployment of Li-Fi technology, thus affecting every stakeholder in the supply chain.

    Key Players

    Key players operating in the free space optics communication market are-

    Market Dynamics

    The growing need for reliable and quick wireless communication as well as increasing demand for widespread digital connectivity is likely to boost the market growth. The last-mile connectivity, alternative solutions to overburdened RF technology for outdoor networking, and no licensing are some of the other key factors augmenting the product demand. In addition, due to rising innovation in the technology and communication sector, FSO communication is anticipated to create immense growth opportunities for the industry players.

    Segments Analysis

    Application Trends

    The free space optics communication market is classified into disaster management, last-mile access, data transmission, and storage area network. The data transmission segment held a significant market share in 2022 and is estimated to register a healthy CAGR during the forecast timeline. This is mainly attributed to the free space optics technology’s ability to confer optical bandwidth connections, which transfer the data, such as audio, documents, and video, through an invisible light beam, thereby bolstering segment growth. 

    Regional Trends

    The Asia Pacific market accounted for a significant share in 2022 and is expected to grow at a substantial CAGR in the following years. This is mainly attributed to advanced infrastructure, rising manufacturing facilities, and the growing computer-aided design (CAD) industry. Moreover, the rapid development and expansion of the IT and telecommunications sector further proliferate regional market growth.

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    Target Audience

    Here is the list of the group of customers that the free space optics communication market hopes to have the greatest opportunity to convert-

    • Free space optics communication vendors
    • Free space optics communication retailers
    • Telecommunication companies
    • Healthcare companies

    Critical Questions Answered in the Report

    • What are the key trends in the free space optics communication market?
    • How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
    • What is the impact of COVID-19 on the free space optics communication market?
    • What are the key strategies adopted by the major vendors to lead in the free space optics communication market?
    • What is the market share of the top vendors?

    Research Methodology

    This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with market stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.

    More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.

    We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with market experts to obtain both qualitative and quantitative insights.

    Report Customization

    Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players).
    • SWOT analysis of key players (up to 3 players).

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

    Custom Research: Stratview research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.

    Frequently Asked Questions (FAQs)

    Free space optics (FSO) communication technology is a method of optical wireless communication that wirelessly conveys data through light propagation in free space. FSO communication technology is massively suitable for performing data transmission in localities that are not suitable for physical connections.

    The market is expected to grow at a CAGR of 34.99 % during the upcoming five years.

    The growing need for reliable and quick wireless communication as well as increasing demand for widespread digital connectivity is likely to boost the market growth. The last-mile connectivity, alternative solutions to overburdened RF technology for outdoor networking, and no licensing are some of the other key factors augmenting the product demand.

    The market size is estimated to grow from USD 435.9 Mn in 2022 to USD 2696.61 Mn by 2028.

    Asia Pacific is expected to have the largest share of the market during the assessment period.

    AIRLINX Communications, Inc. (US), Anova Financial Networks (US), CableFree: Wireless Excellence (UK), fSONA Networks Corporation (US), L3Harris Technologies, Inc. (US), Lightpointe Communications, Inc. (US), Mostcom Ltd. (Russia), Mynaric AG (Germany), Plaintree Systems Inc. (Canada), SA PHOTONICS, INC. (US). are the key companies in the market.

    The data transmission segment has the largest share of the market during the estimated time.

    The study period of the market is 2017-2028.