The global Free Space Optics Communication Technology market report covers the analysis of drivers, trends, limitations, restraints, and challenges arising in the Free Space Optics Communication Technology market. The report also discusses the impact of various other market factors affecting the growth of the market across various segments and regions. The report segments the market on the basis of types, applications, and regions to impart a better understanding of the Free Space Optics Communication Technology market.
The global Free Space Optics (FSO) Communication Technology Market is forecasted to be worth USD 3,507.8 Million by 2027, according to a current analysis by Emergen Research. The Free Space Optics (FSO) communication technology market is anticipated to grow substantially owing to the growing demand for digital connectivity and rising need for higher bandwidth as well as fast wireless communication. The market is also expected to boost by the increasing use of free space optics in 4G networks.
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Some Key Highlights in the Report:
- In March 2019, Mynaric AG, the manufacturer of laser communications terminals, announced that it raised USD 12.5 Million of investment from a mystery constellation venture that plans to setup 1,000 terminals.
- Due to the rising need for applications for wireless communications and navigation, the satellite segment is expected to dominate the market over the forecasted period.
- It is expected that the data transmission segment will hold the largest market during the forecast period. Free Space Optics technology can provide optical bandwidth connections that can transfer data via an invisible light beam, such as video, documents, and audio.
- Over the forecast timeframe, the telecommunication segment is anticipated to dominate the market with a CAGR of 33.5%, due to the increasing demand for high bandwidth.
The global Free Space Optics Communication Technology market has been categorized on the basis of key geographical regions into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. It evaluates the presence of the global Free Space Optics Communication Technology market in the major regions with regards to market share, market size, revenue contribution, sales network and distribution channel, and other key elements.
Leading companies profiled in the report:
L3Harris Technologies, Inc., Mostcom Ltd., Airlinx Communications, Inc., fSONA Networks Corporation, SA Photonics, Inc., Mynaric AG, Plaintree Systems Inc., Lightpointe Communications, Inc., Trimble Hungary Ltd., and IBSENtelecom Ltd., among others.
Free Space Optics Communication Technology Market segmentation
Emergen Research has segmented the global Free Space Optics (FSO) Communication Technology Market on the basis of platform, application, end-use, and region:
Platform Outlook (Revenue, USD Million; 2017-2027)
Application Outlook (Revenue, USD Million; 2017-2027)
- Disaster Management
- Last Mile Access
- Data Transmission
- Storage Area Network
End-Use Outlook (Revenue, USD Million; 2017-2027)
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Key point summary of the report:
- The report offers a comprehensive overview of the market size, share, and growth rate in the forecast duration.
- It provides details about current scenario, historical data, giving an accurate market forecast for the coming years.
- The study categorizes the market on the basis of product types, applications, end users, market value and volume, business verticals, and 5 major regions.
- It also offers regional market analysis and forecast for prominent geographies in the sector viz., North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
- Industry supply chain, sourcing strategy, upstream feedstock, and downstream demand analysis has also been undertaken in the research report.
- The study offers a comprehensive understanding of the demand and supply dynamics, including production and consumption rates, and mapping of the overall market.
- The report employs different analytical tools including, SWOT analysis, Porter’s five forces analysis, and pricing analysis, to give precise market information.
Regional segmentation comprises of a current and forecast estimation of the market in the key geographical regions such as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Regional Outlook of Free Space Optics Communication Technology Market:
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of MEA
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