The 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 can be widely used in broadband networking needs. It wirelessly transmits data for telecommunications and computer networking. It also works on the same basic principle as Infrared television remote controls, wireless keyboards, or IRDA ports on laptops and cellular phones.
By region, North America is dominating the free-space optics market across the globe.
Free-space optics is an optical technology and no spectrum licensing or frequency coordination with other users is required, interference from or to other systems or equipment is not a concern, and the point-to-point laser signal is very difficult to intercept. Therefore, it is secure for end-users. The free-space optics has high-speed capabilities with low-cost deployment. Free-space optics is fibreless, lesser-driven technology, which supports high bandwidth along with easy-to-install connections. In addition, the light pulses are transmitted through the atmosphere in small conical-shaped beams by using low-powered lasers. The more essential advantages of using free-space optics are that it consists of high bit rate, low bit error rates, license-free long-range operations, and immunity to electromagnetic interferences. Therefore, these benefits are increasing the adoption rate of free space optics solutions across various well-known and developed countries, which are expected to drive market growth during the forecast period.
Source: SAI Research
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Based on product type, the global free space optics market is segmented into terrestrial, satellite, and airborne. The satellite category is expected to witness several growth opportunities due to the rising adoption of free space optics in technological industries for making inter-satellites that utilizes laser beam for data transmission, which is estimated to boost the market growth of the global free space optics. Based on end-users, the free-space optics market is categorized into mobile backhaul, enterprise connectivity, disaster recovery, defense and military, satellite, healthcare sectors, and others. The enterprise connectivity category is anticipated to grow rapidly in upcoming years owing to the rising demand for high-speed internet connections across various organizations for business purposes and corporate and government offices. With the high-speed capacity with low latency feature, this segment is estimated to boost the free-space optics market during the forecast period.
Based on regions, the global free space optics market is segmented into North America, Europe, Asia-Pacific, Latin America, Africa, and Middle East Countries. Among these, the North American region is dominating the free space optics market over the last few years, and the region is also estimated to hold a similar position in near future. The usage of digitalization has been increasing gradually in various enterprises and organizations to expand the accessibility of their resources. The increasing smartphone usage, BYOD trend, and various government initiatives are some major factors, which are accelerating the growth of the free space optics market across North America. However, Europe is also expected to witness significant growth during the forecast period due to the rising demand for high-speed internet connections and several technological advancements in sectors such as military and defense, and small, medium, and large enterprises.
According to the study, key players such as 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 are leading the global free space optics market.
Scope of the Report:
Report Coverage | Details |
Market Size in 2021 | US$ 5.5 Billion |
Market Volume Projection by 2023 | US$ 105.3 Billion |
Forecast Period 2022 to 2032 CAGR | 28.9% |
Base Year: | 2021 |
Historical Data | 2019, 2020 and 2021 |
Forecast Period | 2022 to 2032 |
Segments covered |
By Type: Terrestrial, Satellite, Airborne By End-Users: Mobile Backhaul, Enterprise Connectivity, Disaster Recovery, Defense and Military, Satellite, Healthcare, And Others |
Geographies covered |
North America, Europe , Asia-Pacific , LAMEA |
Companies covered | 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), among others |
The Global Free-Space Optics (FSO) Market Has Been Segmented Into:
The Global Free-Space Optics Market – By Type:
The Global Free-Space Optics Market – By End-Users:
The Global Free-Space Optics Market – By Regions:
North America
Europe
Asia-Pacific
LAMEA
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