Global 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 known as free space photonics, is an optical communication technology that propagates infrared beams or light through the outer space or atmosphere to attain broadband communications. This technology can be installed globally without any license. They cost less and required less maintenance as compared to the fiber networks. It has also developed a new category of outdoor wireless devices that have the ability to transmit voice, data and video at bandwidths up to 1.25 Gbps.
The factors supplementing the growth of the free space optics market are rising demand for 3G & 4G in emerging economies and increased demand for data streaming and multimedia services. Moreover, increasing investments in telecommunication infrastructure and high adoption of free space optics among military and healthcare also boosts the growth of the market. Though, environment commotions might restrain the growth of the market. Furthermore, advanced technologies and emerging markets might provide market opportunities in coming years.
The global free space optics market is categorized as component, application and geography. By component type, it is further segmented into receiver, encoder & decoder, modulator, transmitter, demodulator and others. Furthermore, application is segmented into defense, security, storage area network, airborne application, healthcare, disaster recovery, data transmission, 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 pureLiFi Ltd., Panasonic Corp., Anova Technologies, Wireless Excellence Ltd., LightPointe Communications, Inc., General Electronics Co., Fujitsu Ltd., Lightbee Corp., Harris Corporation, Trimble Hungary Ltd., Outstanding Technology, 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
- Storage Area Network
- Airborne Application
- Disaster Recovery
- Data Transmission
- Last Mile Access
- North America
- ·South Korea
- ·South America
- ·Middle East