Free space optics communication is a line-of-sight technology that uses light propagating in free space to wirelessly transmit data for telecommunications or computer networking. It is being increasingly used for cellular backhaul, last mile access, disaster recovery, and defense applications due to advantages such as lightweight equipment, high security, license-free spectrum, and lower installation costs. The global Free Space Optics Communication Market is estimated to be valued at US$ 5.9 Bn in 2023 and is expected to exhibit a CAGR of 16% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The increasing demand for lightweight and secure communication is one of the major factors accelerating the growth of the Free Space Optics Communication Market. Free space optic devices employ small, lightweight transceivers with no need for fiber cabling infrastructure. This makes them suitable for mobile and rapid deployable network setups. Moreover, free space optics use light to transmit data which cannot be tapped into with radio frequencies, thus offering high security. Military and defense agencies globally are increasingly adopting free space optics for secure communication in battlefields and other sensitive applications. Expanding deployment of free space optic networks by defense agencies is expected to drive significant market growth over the forecast period.
Segment Analysis
The global free space optics communication market is dominated by the telecommunication sub segment. This sub segment accounted for around 60% of the total market share in 2023. Telecommunications is expected to continue its dominance during the forecast period as well due to increasing demand for high bandwidth and cost effective networking solutions among telecom operators. The military and defense sub segment is also growing at a significant rate due to growing application of FSO communication technologies in border security, surveillance and remote asset monitoring.
Key Takeaways
The Global Free Space Optics Communication Market Growth is expected to witness high during the forecast period of 2023–2030. The market is projected to reach a value of US$ 11.7 Bn by 2030, expanding at a CAGR of 16%.
Regional analysis — Asia Pacific region currently dominates the global market with around 35% market share in 2023. The region is expected to witness the fastest growth during the forecast period driven by robust investment in telecom infrastructure development and 5G deployments across China, India and Southeast Asian countries. North America is another major regional market for free space optics owing to extensive application in defense communication.
Key players — Key players operating in the free space optics communication market are Boost Oxygen, LLC, CAIRE Inc. (AirSep), Chart Industries, DeVilbiss Healthcare LLC, Inogen, Inc., Oxygen Plus, Inc., Pure O2 Ltd, Invacare Corporation, Oxyzens, Philips Healthcare, Zadro Health Solutions, and 2ND Wind Oxygen Bars. These players are focusing on new product launches and partnerships with network equipment manufacturers and system integrators for business expansion.
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The investigative study on the Global Free Space Optics Communication Technology recently added by Emergen Research sheds light on the current market scope as well as the emerging trends and opportunities of the market.
To provide a deeper understanding of the global market, the report offers a statistical analysis of the global and local production and consumption ratio.
The report also offers a comprehensive analysis of the competitive landscape with company profiles and product portfolios.Get a sample of the report - https://www.emergenresearch.com/request-sample/231 Primary Research ModelPost combination of the information got through optional examination; an approval interaction is started to check the numbers or figures.
Conversations with the topic specialists were directed to acquire quantitative and subjective data and approve our statistical surveying discoveries.Notwithstanding, we don't confine our essential meetings just to the business chiefs.
Our group covers the whole worth chain while confirming the information.
The latest things, which incorporate the drivers, limitations, and openings, are additionally inferred through the essential examination measure.Key Features of the Global Free Space Optics Communication Technology:· The report offers a deep insight into the market with expert data insights from the industry experts and analysts · Dedicated focus on market growth and restraining factors · Thorough analysis of the market segments includes product types, application spectrum, technology, end-user, and other key segments · SWOT and Porter’s Five Forces analysis along with feasibility analysis and venture return analysis · Current and emerging market trends and growth prospects To read more about the report, visit - https://www.emergenresearch.com/industry-report/free-space-optics-communication-technology-market Data TriangulationThe interaction of information triangulation technique was applied to show up at the last market appraisals to check every information point.
