“Free Space Optics Market (By Components – Receivers, Modulators, Transmitters, Demodulators, Encoders & Decoders and Others, By Application – Storage Area Network, Defense, Security, Airborne Applications, Data Transmission Healthcare, Disaster Recover, Last Mile Access and Others) – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2016 – 2025”,in terms of revenue, the free space optics market was valued at US$ 83.5 Million in 2016, and is expected to reach US$ 1,014.7 Million by 2025, expected to grow at a CAGR of 32.0% from 2016 to 2025.
Free space optics is the modern version of telecommunication system. Free space optics is a type of wireless technology and is adopted in several regions as this technology offers fast communication links. FSO (Free Space Optics) also can be called free space photonics (FSP) is the same as for fiber optic transmission. The major difference between both of them is that the beam of energy is collimated and forwarded through space or clean air in case of FSO. Free space optics addresses to the transference of infrared beams through the aerosphere to secure broadband communications. Factors such as increasing demand for high bandwidth and rising adoption of free space optics in military is largely driving the market growth for FSO.Further down, the mount in global optical infrastructure has led to a market growth for free space optics communication technology. Easy installation and quick deployment of free space optical technology allows service providers to deploy new services which in turn is fueling the market growth for FSO.