Free Space Optics Market Worth to cross USD 89601.4 million By 2027
Posted On November 19, 2021
The Global Free Space Optics Market value is expected to grow by an impressive 40% of CAGR during the forecast period of 2021 to 2027. The market can grow to USD 89601.4 million by 2027 as per the report by Value Market Research. The increased use of free space optics (FSO) in the growing aerospace and defence industries is a key driver impacting the free space optics (FSO) market. Free space optics (FSO) communications are widely used since they are regarded one of the essential technologies for achieving very high-speed multi-Gb/s large-capacity aerospace communications. In defence applications, FSO links aid in providing secure and dependable communication. In the next years, the burgeoning aerospace sector is expected to drive up demand for FSO. Furthermore, increased innovation in free-space optical (FSO) communications technology will add to the FSO market's growth in the future years. The growing demand for free-space optics (FSO) is expected to increase during the projected period, owing to the multiple benefits it provides. Current industry developments, such as the integration of technologies to improve FSO system performance and the increased acceptance of FSO via RF communication, are projected to open up new market opportunities for market players.
FSO (free space optics) is an optical communication technology that allows optical connectivity by transmitting data via light propagation in free space. There is no need for an optical fibre cable. An optical transceiver is used on both ends of the FSO system to give full duplex (bidirectional) functionality.
The detailed research study "Global Free Space Optics Market Report By Component (Transmitters, Receivers, Transceivers, Modulators, Demodulators, Others), By Modulation (Amplitude, Frequency, Phase, Polarization), By Application (Aerospace And Defense, Telecommunication, Healthcare, Disaster Management, Storage Area Networks (San), Others), By End-User (Corporate, Commercial) And By Regions - Industry Trends, Size, Share, Growth, Estimation And Forecast, 2021-2027" assists in understanding the market dynamics with qualitative as well as quantitative data.
On the basis of component the market is segmented into Transmitters, Receivers, Transceivers, Modulators, Demodulators, Others. By modulation the free space optics market is categorised as Amplitude, Frequency, Phase, Polarization.By application the free space optics market is categorised as Aerospace and Defense, Telecommunication, Healthcare, Disaster Management, Storage Area Networks (SAN), Others. Based on end-user the free space optics market is segmented as Corporate, Commercial. The regions covered in the market study are North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. This section throws light on the geographical spread of revenue and/or volume of the free space optics market.
The Report Segments Global Free Space Optics Market -
- Aerospace and Defense
- Disaster Management
- Storage Area Networks (san)
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
Players Profiled In the Report:
Mostcom Ltd., Trimble Hungary Ltd., Optelix, AOptix Technologies Inc., Harris Corporation, LightPointe Communications, Inc., IBSENtelecom Ltd., Harris Corporation, Anova Technologies, Wireless Excellence Limited, and fSONA Networks Corp.
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