Free Space Optics Market is estimated to reach $1223.1 Million by 2024 with CAGR of 36.4% between 2016 and 2024. Free space optics, also called as free space photonics, is a line of sight technology that propagates infrared beams or light through the outer space or atmosphere to obtain broadband communications. A technology that can be installed without a license worldwide. They require less maintenance and costs lower as compared to the fiber networks. This technology has developed a new category of outdoor wireless devices that can transmit voice, data and video at bandwidths up to 1.25 Gbps.
The ever expanding telecommunication industry and rising demand for data streaming and multimedia service fuels the growth of the market. Moreover, increasing applications of free space optics into military and healthcare and high penetration of 3G and 4G in emerging economies also boosts the growth of the market. However, environment turbulence could hamper the signal quality, which would hinder the growth of the market. Furthermore, technology advancements and emerging economies could provide growth opportunity for the free space optics market.
The global free space optics market is segmented based on the component, application and geography. By component type, it is further segmented into transmitter, receiver, modulator, demodulator, encoder & decoder and others. Furthermore, application is segmented into security, airborne application, healthcare, storage area network, data transmission, defense, disaster recovery, last mile access and others.
By geography the free space optics market is segmented into North America, Europe, Asia-Pacific and rest of the world (RoW). The U.S., Canada and Mexico are covered under North America wherein Europe covers U.K., Italy, France, Germany and Rest of Europe. Asia-Pacific covers China, India, Japan, South Korea and Rest of Asia Pacific. Rest of the World (RoW) covers South America, Middle East and Africa.
Key market players include Panasonic Corp., Trimble Hungary Ltd., Anova Technologies, Wireless Excellence Ltd., General Electronics Co., Fujitsu Ltd., Lightbee Corp., Harris Corporation, Outstanding Technology, LightPointe Communications, Inc., pureLiFi Ltd., and Koninklijke Philips N.V. among others.
The key takeaways from the report
- The report will provide detailed analysis of Free Space Optics Market with respect to major segments such as component and application type of the market.
- The report will include the qualitative and quantitative analysis with market estimation over 2015-2024 and compound annual growth rate (CAGR) between 2016 and 2024.
- Comprehensive analysis of market dynamics including factors and opportunities.
- An exhaustive regional analysis of Free Space Optics market.
- Profile of key players of the Free Space Optics market, which include key financials, product & services and new developments.
Scope of Free Space Optics Market
- Encoder & Decoder
- Airborne Application
- Storage Area Network
- Data Transmission
- Disaster Recovery
- Last Mile Access
- North America
- South Korea
- South America
- Middle East