Free Space Optics Communication Market: Snapshot
Presence of a copious number of big and small players makes the global free space optics (FSO) market highly dynamic. The market is being primarily driven by the growing demand for high bandwidth and increasing application of free optics in military application. In addition, growing usage of free space optics in 3G and 4G networks and quick and easy installation of this technology is also positively impacting the market.
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Posing a hindrance to the global free space optics market is the environmental interference or atmospheric attention affecting the signal quality. Serving to tackle the problem is the laser auto tracking devices, multi-beam, multi-path architecture, and hybrid dual mode RF technology to mitigate the effects of atmospheric attenuation. Therefore, the global market is expected to witness steady growth during the forecast period.
As per a report by Transparency Market Research, the global free space optics market will rise at a phenomenal CAGR of 32.5% from 2017 to 2025. Expanding at this pace, the market which was worth US$92.2 mn in 2016 will likely become worth US$1.07 bn by 2025.
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Data Transmission Key Application Segment on Account of Security Accorded by FSO
Depending upon application, the key segments of the global free space optics market are storage area network, data transmission, defense, security, airborne applications, healthcare, disaster recover, last mile access, etc. Of them, the application of free space optics for data transmission accounted for maximum share in the market. This because the data transmitted through free space optics is more secure compared to RF or other wireless transmission technologies. Hence, it is preferred over the conventional wireless technologies. The data can be transmitted over an encrypted connection, which adds to the degree of security available in FSO data transmission.
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The application free space optics in the defense sector comes in the second position. The deployment of FSO technology in this application area has been persistent, owing to its high bandwidth capacity, low bit error rates, less power consumption and high communications security which are of utmost importance in defense applications. In the years ahead, growing demand from other application areas such as healthcare and airborne applications among other is expected to bolster the market growth.
Focus on Research and Development Makes North America Market Dominant
From a geographical standpoint, North America and Europe are key regions that had a combined share of 60% in the global free space optics market. Thrust on research and development activities and early penetration of latest technology in these regions have served to fuel their markets. In fact, FSO technology has been in use by the U.S. military for several years primarily in the ship-to-ship and naval communications. In addition, continued network facilitation and upgrades is also positively influencing the market in the region. The market in North America is predicted to clock a CAGR of 32.1% in the forecast period to pull in a revenue of US$312.2 mn by 2025 from US$29.1 mn in 2016. The market in Europe, is expected to rise at a CAGR of 31.9% in the forecast period to become worth US$280.5 mn in 2025 from US$23.9 mn in 2016.
Vis-à-vis growth rate, Asia Pacific is projected to outpace all other regions by registering a CAGR of 33.4% from 2016 to 2025. The proliferation of telecommunication and IT in the rapidly expanding economies of India and China is at the forefront of driving growth in the global free space optics market.
Some of the key players in the global free space optics market are Trimble Hungary Ltd., Mostcom Ltd., AOptix Technologies Inc., Optelix, LightPointe Communications, Inc., IBSENtelecom Ltd., Harris Corporation, Anova Technologies, fSONA Networks Corp., and Wireless Excellence Limited.
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Multiple Benefits of the Technology to Boost Free Space Optics (FSO) Communication Market
The technology of free-space optics (FSO) communication refers to the method of optical wireless communication that is capable of carrying data via light propagation in a free space. This technology is ideal for use in accomplishing the task of transmission of data in localities not fit for physical connections. In addition, this communication technology also makes an offering of inter-satellite communications, satellite to ground communication, and many other airborne applications. Extensive use of this technology is likely to propel growth of the global free space optics (FSO) communication market in the near future.
The development of the global free space optics (FSO) communication market is foreseen to be driven by no requirement of licensing and last-mile connectivity. In addition, the emergence of this technology as an alternative to already over-burdened RF technology for the purpose of outdoor networking activities. Besides, coming up of many innovations in communication and technological sector is likely to support creation of new opportunities for global free space optics (FSO) communication market in the near future.
Innovations and Technological Progress to Spell Growth for the Market
Latest developments in the said industry comprise advent of optical angular momentum is likely to augur well for the market. This new technology, optical angular momentum, transmits making use of twisted photons. These photons are able to carry extra information thereby leading to technology with much improved and higher bandwidth for communications. Immune to disturbances created by radio frequency interferences, this new technology makes use of much less power for the purpose of transmission. Riding on the back of these benefits, the global free space optics (FSO) communication market is forecasted to observe considerable growth in the near future.
The ongoing pandemic situation has resulted in the plummeted demand for this technology. Covid-19 and its new variant, B.1.1.7 has wreaked havoc across the world, forcing governments to impose lockdowns, which has adversely affected several industries across the globe, including communications and technology. It is estimated that with the invention of a vaccine or an effective drug, the market will observe growth in the post pandemic era.
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