According to a recent market study published by Growth Market Reports titled, "Global Free Space Optics Market by Components, Applications, End-users, and Regions: Size, Share, Trends and Opportunity Analysis, 2018-2028", the market was valued at USD 409.7 Million in 2020 and is expected to grow at a moderate growth rate of 37.1% by the year 2028.

The Global Free Space Optics market is anticipated to grow significantly during forecast period. Free-Space Optics (FSO) is a optical line of sight communication technology, which uses lasers for connecting the optical bandwidth. It is used for transmission of data by propagating light in free space allowing optical connectivity. FSO is a technology in which data, voice, and video communication is done up to 10 Gbps through the air without the requirement of fiber optic cable. Increasing demand for FSO from other industries such as transportation & logistics and aerospace is anticipated to boost the market during the forecast period.

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Global Free Space Optics Market has been segmented based on components, applications, end-users, and regions. Based on components, the global free space optics market is segmented into Transmitter, Receiver, and Modulator and Demodulator. Based on applications, the free space optics market is segmented into mobile backhaul, enterprise connectivity, disaster recovery, dense wavelength division multiplexing (DWDM) services, satellite, security, engineering and design, and others. Based on end-users, the free space optics market is segmented into aerospace & defense, healthcare sector, telecommunications, and others. By region global free space optics is segmented as into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.

The mobile backhaul segment is anticipated to hold a significant share of the market during the forecast period, owing to rising penetration of internet and data traffic based on mobile applications such as video, internet, and data services. These applications are growing with the expansion of the usage of smartphones, tablets, and other wireless devices.

The mobile backhaul is the transport network that connects the core network and the RAN (Radio Access Network) of the mobile network. For increasing the capacity of the backhaul link, the best solution is free-space optical (FSO) communications. As FSO achieves higher capacity over the longer distance and also it significantly improves the capacity of mobile backhaul.

The spread of COVID-19 has had a positive impact on the free space optics market players on many fronts and outside factors. The COVID-19 pandemic is causing economic hardships for businesses, consumers, and communities across the world. Manufacture of free space optics products was marginally affected during the pandemic, due to restrictions and closure of global industries.

However, the requirement for wireless connectivity among several industrial sectors resulted in the growth of the market. Demand for free space optics increased during the pandemic, due to closure of manufacturing units during the lockdown. This, in turn, impeded the growth of the market. Governments imposed various restrictions on trade and commerce, which affected various sectors negatively. Globally, the government imposed lockdowns, which positively affected the market. Favorable policies are expected to increase the demand for free space optics at a significant pace, owing to the rising research and development activities along with growing focus on the improvement in quality of communication and network computing.

Key Takeaways from the Study

  • The transmitters segment held a major share of the free space optics market, owing to its several benefits such as less maintenance and resistance to turbulence.
  • The mobile backhaul segment is expected to constitute a significant market share, due to its cost-effectiveness. Mobile backhaul is more efficient as compared to radio frequency backhauls.
  • The telecommunications segment is expected to hold a large market share during the forecast period, due to high quality and reliability among Others to remove particles from the air.
  • North America held a significant share of the market in 2020, owing to the increasing expenditure in research and development and rising usage in the aerospace and defense sector in the region.

Report Scope

Report Metric

Details

Market Value in 2020

USD 409.7 Million

Market Growth Rate (from 2021 to 2028)

37.1%

Historical Data

2018 & 2019

Base Year

2020

Forecast Period

2021 – 2028

Market Segments

Components, Applications, End-users, and Regions

Region Scope

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America

Key Companies Profiled

fSONA Systems Corp., Mostcom JSC, Collinear Networks, TrellisWare Technologies, Inc., CommConnect Group, Inc., Wireless Excellence Limited, EC SYSTEM INTERNATIONAL a.s., Sa Photonics, Inc., PW Data Group, and Laseroptronics

Customization Scope

Report customization available on request

Pricing and Purchase Options

Avail tailor-made purchase options to meet your research requirements.

Target Audience

  • Demand Side: Commercial, Residential, and Industrial End-users.
  • Regulatory Side: Concerned government authorities, commercial research & development (R&D) institutions, and other regulatory bodies.
  • Associations and Industry Bodies: International Trade Centre.