Free Space Optics Market Size, Share & Opportunities | 2031
Free Space Optics Market Size, Share & Opportunities | 2031
Segments - Free Space Optics Market by Component (Transmitter, Receiver, and Modulator & Demodulator), Application (Mobile Backhaul, Enterprise Connectivity, Disaster Recovery, Dense Wavelength Division Multiplexing Services, Satellite, Security, and Engineering & Design), End-user (Aerospace & Defense, Healthcare Sector, and Telecommunications), and Region (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031
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| Report ID :ICT-SE-2446
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Report Description
The Free Space Optics market size was valued at USD 1,566.65 Mn in 2022 and is estimated to reach USD 6,772.925 Mn by 2031, expanding at a CAGR of 40.1% during the forecast period, 2023 – 2031. The growth of the market is attributed to the Increasing requirement for high-speed connectivity services along with the acceptance rate of free space optical technology among internet service providers.
Free Space Optics refers to the optical communication technology which uses light propagation to transmit wireless data through optical connectivity. FSO systems are good solutions for broadband networking and function over distances as well.
Technical problems concerning last mile connectivity are resolved, owing to the advantages of FSO such as bandwidth scalability, optical foundation, re-deployment & portability, speed of deployment, and cost-effectiveness. Modern trends in the free space optics market are ruled by the development and introduction of progressive coding schemes intended at improving the communication practice and quality of data transmitted.
Free-space optical technologies are anticipated to occupy a central position in the development of next-generation telecommunications and networking systems. FSO uses numerous modulation techniques such as phase and amplitude modulation for altering the input into a digital signal for further transmission.
Market players are focusing on the development of outdoor wireless products that transmit voice, data, and video at high bandwidths based on FSO technology. Hence, technological advancement in the market is anticipated to fuel the market during the forecast period.
Free space optical communication is a wireless communication technology that employs invisible beams of light to deliver high-speed wireless connections to receive & send video, voice, and information. It uses the emission of optical radiation in an open medium to transfer data between two points without hindering the line of sight between them. The need for fast and efficient data transfer boosted the demand for new technologies such as FSO over fiber optic cabling solutions.
FSO is used on a large scale in the telecommunication sector, particularly in satellite platforms, as it is easy to install and flexible. FSO provides high bandwidth for long distances and delivers with a low initial investment. FSO technology offers significant advantages such as the low probability of intercept for high security, high bandwidth or data rates, and low power requirements.
COVID-19 pandemic impacted significantly on the global free space optics market size. The Telecoms industry witnessed a huge loss during the pandemic. It delayed the implementation of FSO technology which created negative impacts on the stakeholders.
Free Space Optics Market Dynamics
Drivers
FSO systems are useful in localities in mountainous regions where laying fiber is difficult or in busy metro cities where roadways can’t be excavated. In such a situation, the FSO system proves to be exceptionally helpful and cost-effective. This, in turn, is expected to drive the demand for FSO systems for last-mile connectivity applications.
FSO links are a cost-effective technique to deliver high bandwidth links over short distances. Advanced FSO links permit the transmission of information via air by modulating the wavelength of the light, which helps to attain high bandwidths. Hence, increasing demand for high bandwidth from end-user industries is anticipated to fuel the market during the forecast period.
FSO gained attention in the telecommunication industry, due to its easy installation, cost-effectiveness, the quick establishment of communication links in high bandwidth provisioning, disaster management scenario, and other applications, and is anticipated to drive the market.
Restraints
Factors such as smoke, fog, rain, and atmospheric turbulence escalate the volatility of the network system, which acts as a restraining factor, impeding the market growth during the forecast period. For example, before deploying the setup for free space optical communication between two points, the line of sight between the two points has to be free of any obstacles, such as buildings or trees.
Free space propagation required for FSO, faces disturbances, owing to fog and atmospheric turbulence, among other environmental barriers. The presence of fog severely hinders the characteristics of the light wave, which is transferred by scattering, absorption, and reflection of the light wave. Hence, environmental issues are expected to hamper the market growth during the forecast period.
Opportunities
FSO has become a practical, high-bandwidth wireless substitute for fiber optic cabling. The principal advantages of FSO as compared to fiber are less deployment time and cost-effectiveness. Hence, increasing improved connectivity offered by FSO is anticipated to bring opportunities to the market during the forecast period.
Trends
Increasing trend for laser technology and bandwidth is anticipated to expand the free space optics market size in the coming years. Around, 4.65 billion people use the internet accounting for 58.6 percent of the overall population. Moreover, FSO is been used to connect Local Area Networks (LANs) and Metropolitan Area Networks (MANs) for the wireless interaction of people.
Scope of Free Space Optics Market Report
The report on the free space optics market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes |
Details |
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Report Title |
Free Space Optics Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2022 |
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Historic Data |
2020–2021 |
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Forecast Period |
2022–2031 |
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Segmentation |
Component (Transmitter, Receiver, and Modulator & Demodulator), Application (Mobile Backhaul, Enterprise Connectivity, Disaster Recovery, Dense Wavelength Division Multiplexing Services, Satellite, Security, and Engineering & Design), and End-user (Aerospace & Defense, Healthcare Sector, and Telecommunications) |
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Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
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Key Players Covered in the Report |
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. |
Free Space Optics Market Segment Insights
Based on component, the global free space optics market is segmented into transmitter, receiver, and modulator & demodulator. Easier availability of transmitter suppliers along with the increasing requirement for improved transmitting devices is expected to boost the segment demand.
On the basis of application, the free space optics market is segmented into mobile backhaul, enterprise connectivity, disaster recovery, dense wavelength division multiplexing services, satellite, security, and engineering & design. The disaster recovery segment is anticipated to grow at a rapid pace, due to the rising preference for double beds by disaster recovery for their bedroom and thus the requirement for Free Space Optics.
Based on end-user, the free space optics market is segmented into aerospace & defense, healthcare sector, and telecommunications. The telecommunication segment is expected to boost the market growth in the forecast period, owing to the growing requirement for free space optical communication in telecommunications, due to the increasing investments in the telecom sector for advanced wireless communications.
Based on region, the global free space optics market is divided into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Asia Pacific has a considerable market share during the forecast period, owing to the growing automotive industry. Increasing pollution due to harmful gases emitted by industries and vehicles has an adverse effect on human health. This factor is driving the market during the forecast period. The increasing disposable income of people in the country propels the demand for air purifiers. Additionally, the demand for the air filter is increasing, due to preventive actions taken by the government to overcome air pollution challenges caused by manufacturing industries.
Segments
The global free space optics market has been segmented on the basis of
Component
- Transmitter
- Receiver
- Modulator & Demodulator
Application
- Mobile Backhaul
- Enterprise Connectivity
- Disaster Recovery
- Dense Wavelength Division Multiplexing (DWDM) Services
- Satellite
- Security
- Engineering and Design
- Others
End-user
- Aerospace & Defense
- Healthcare Sector
- Telecommunications
- Others
Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Key Market Player
- fSONA Systems Corp.
- Mostcom JSC, Collinear Networks
- PW Data Group
- Collinear Networks
- TrellisWare Technologies, Inc.
- CommConnect Group, Inc.
- Wireless Excellence Limited
- EC SYSTEM INTERNATIONAL a.s.
- Sa Photonics, Inc.
- Laseroptronics
Competitive Landscape
Key players in the global free space optics market are 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.
These companies adopted development strategies including mergers, acquisitions, partnerships, collaboration, product launches, and production expansion to expand their consumer base worldwide.
In March 2021, Sa Photonics, Inc. announced that it is helping the Department of Defense (DOD) in solving a bottleneck in low-cost satellite constellations, which is in development. Additionally, the company partnered with Defense Advanced Research Projects Agency (DARPA) on the Mandrake-2 experiment, which is developed to demonstrate the feasibility of LEO-based optically meshed data networks.
In May 2022, Mitsubishi Electric Corporation announced the development of the world’s first laser communication terminal which combined spatial laser acquisition and space-optical communication in the photodetector. It regulates the orientation of received beams in the 1.5-m band, which is used for terrestrial optical fiber communications.
Table Of Content
Chapter 1 Executive SummaryChapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Free Space Optics Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Free Space Optics Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Free Space Optics Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Free Space Optics Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Free Space Optics Market Size & Forecast, 2018-2028
4.5.1 Free Space Optics Market Size and Y-o-Y Growth
4.5.2 Free Space Optics Market Absolute $ Opportunity
4.6 Impact of Key Regulations
4.7 Technology Analysis
4.8 FSO vs RF: Technology overview
Chapter 5 Global Free Space Optics Market Analysis and Forecast By Component
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities By Component
5.1.2 Basis Point Share (BPS) Analysis By Component
5.1.3 Absolute $ Opportunity Assessment By Component
5.2 Free Space Optics Market Size Forecast By Component
5.2.1 Transmitter
5.2.2 Receiver
5.2.3 Modulator and Demodulator
5.3 Market Attractiveness Analysis By Component
Chapter 6 Global Free Space Optics Market Analysis and Forecast By Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities By Applications
6.1.2 Basis Point Share (BPS) Analysis By Applications
6.1.3 Absolute $ Opportunity Assessment By Applications
6.2 Free Space Optics Market Size Forecast By Applications
6.2.1 Mobile Backhaul
6.2.2 Enterprise Connectivity
6.2.3 Disaster Recovery
6.2.4 Dense Wavelength Division Multiplexing (DWDM) Services
6.2.5 Satellite
6.2.6 Defense and Security
6.2.7 Engineering And Design
6.2.8 Data Transmission
6.2.9 Others
6.3 Market Attractiveness Analysis By Applications
Chapter 7 Global Free Space Optics Market Analysis and Forecast By End-users
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities By End-users
7.1.2 Basis Point Share (BPS) Analysis By End-users
7.1.3 Absolute $ Opportunity Assessment By End-users
7.2 Free Space Optics Market Size Forecast By End-users
7.2.1 Aerospace & Defense
7.2.2 Healthcare Sector
7.2.3 Telecommunications
7.2.4 Others
7.3 Market Attractiveness Analysis By End-users
Chapter 8 Global Free Space Optics Market Analysis and Forecast by Region
8.1 Introduction
8.1.1 Key Market Trends & Growth Opportunities by Region
8.1.2 Basis Point Share (BPS) Analysis by Region
8.1.3 Absolute $ Opportunity Assessment by Region
8.2 Free Space Optics Market Size Forecast by Region
8.2.1 North America
8.2.2 Europe
8.2.3 Asia Pacific
8.2.4 Latin America
8.2.5 Middle East & Africa (MEA)
8.3 Market Attractiveness Analysis by Region
Chapter 9 Coronavirus Disease (COVID-19) Impact
9.1 Introduction
9.2 Current & Future Impact Analysis
9.3 Economic Impact Analysis
9.4 Government Policies
9.5 Investment Scenario
Chapter 10 North America Free Space Optics Analysis and Forecast
10.1 Introduction
10.2 North America Free Space Optics Market Size Forecast by Country
10.2.1 U.S.
10.2.2 Canada
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 North America Free Space Optics Market Size Forecast By Component
10.6.1 Transmitter
10.6.2 Receiver
10.6.3 Modulator and Demodulator
10.7 Basis Point Share (BPS) Analysis By Component
10.8 Absolute $ Opportunity Assessment By Component
10.9 Market Attractiveness Analysis By Component
10.10 North America Free Space Optics Market Size Forecast By Applications
10.10.1 Mobile Backhaul
10.10.2 Enterprise Connectivity
10.10.3 Disaster Recovery
10.10.4 Dense Wavelength Division Multiplexing (DWDM) Services
10.10.5 Satellite
10.10.6 Defense and Security
10.10.7 Engineering And Design
10.10.8 Data Transmission
10.10.9 Others
10.11 Basis Point Share (BPS) Analysis By Applications
10.12 Absolute $ Opportunity Assessment By Applications
10.13 Market Attractiveness Analysis By Applications
10.14 North America Free Space Optics Market Size Forecast By End-users
10.14.1 Aerospace & Defense
10.14.2 Healthcare Sector
10.14.3 Telecommunications
10.14.4 Others
10.15 Basis Point Share (BPS) Analysis By End-users
10.16 Absolute $ Opportunity Assessment By End-users
10.17 Market Attractiveness Analysis By End-users
Chapter 11 Europe Free Space Optics Analysis and Forecast
11.1 Introduction
11.2 Europe Free Space Optics Market Size Forecast by Country
11.2.1 Germany
11.2.2 France
11.2.3 Italy
11.2.4 U.K.
11.2.5 Spain
11.2.6 Russia
11.2.7 Rest of Europe
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Europe Free Space Optics Market Size Forecast By Component
11.6.1 Transmitter
11.6.2 Receiver
11.6.3 Modulator and Demodulator
11.7 Basis Point Share (BPS) Analysis By Component
11.8 Absolute $ Opportunity Assessment By Component
11.9 Market Attractiveness Analysis By Component
11.10 Europe Free Space Optics Market Size Forecast By Applications
11.10.1 Mobile Backhaul
11.10.2 Enterprise Connectivity
11.10.3 Disaster Recovery
11.10.4 Dense Wavelength Division Multiplexing (DWDM) Services
11.10.5 Satellite
11.10.6 Defense and Security
11.10.7 Engineering And Design
11.10.8 Data Transmission
11.10.9 Others
11.11 Basis Point Share (BPS) Analysis By Applications
11.12 Absolute $ Opportunity Assessment By Applications
11.13 Market Attractiveness Analysis By Applications
11.14 Europe Free Space Optics Market Size Forecast By End-users
11.14.1 Aerospace & Defense
11.14.2 Healthcare Sector
11.14.3 Telecommunications
11.14.4 Others
11.15 Basis Point Share (BPS) Analysis By End-users
11.16 Absolute $ Opportunity Assessment By End-users
11.17 Market Attractiveness Analysis By End-users
Chapter 12 Asia Pacific Free Space Optics Analysis and Forecast
12.1 Introduction
12.2 Asia Pacific Free Space Optics Market Size Forecast by Country
12.2.1 China
12.2.2 Japan
12.2.3 South Korea
12.2.4 India
12.2.5 Australia
12.2.6 South East Asia (SEA)
12.2.7 Rest of Asia Pacific (APAC)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Asia Pacific Free Space Optics Market Size Forecast By Component
12.6.1 Transmitter
12.6.2 Receiver
12.6.3 Modulator and Demodulator
12.7 Basis Point Share (BPS) Analysis By Component
12.8 Absolute $ Opportunity Assessment By Component
12.9 Market Attractiveness Analysis By Component
12.10 Asia Pacific Free Space Optics Market Size Forecast By Applications
12.10.1 Mobile Backhaul
12.10.2 Enterprise Connectivity
12.10.3 Disaster Recovery
12.10.4 Dense Wavelength Division Multiplexing (DWDM) Services
12.10.5 Satellite
12.10.6 Defense and Security
12.10.7 Engineering And Design
12.10.8 Data Transmission
12.10.9 Others
12.11 Basis Point Share (BPS) Analysis By Applications
12.12 Absolute $ Opportunity Assessment By Applications
12.13 Market Attractiveness Analysis By Applications
12.14 Asia Pacific Free Space Optics Market Size Forecast By End-users
12.14.1 Aerospace & Defense
12.14.2 Healthcare Sector
12.14.3 Telecommunications
12.14.4 Others
12.15 Basis Point Share (BPS) Analysis By End-users
12.16 Absolute $ Opportunity Assessment By End-users
12.17 Market Attractiveness Analysis By End-users
Chapter 13 Latin America Free Space Optics Analysis and Forecast
13.1 Introduction
13.2 Latin America Free Space Optics Market Size Forecast by Country
13.2.1 Brazil
13.2.2 Mexico
13.2.3 Rest of Latin America (LATAM)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Latin America Free Space Optics Market Size Forecast By Component
13.6.1 Transmitter
13.6.2 Receiver
13.6.3 Modulator and Demodulator
13.7 Basis Point Share (BPS) Analysis By Component
13.8 Absolute $ Opportunity Assessment By Component
13.9 Market Attractiveness Analysis By Component
13.10 Latin America Free Space Optics Market Size Forecast By Applications
13.10.1 Mobile Backhaul
13.10.2 Enterprise Connectivity
13.10.3 Disaster Recovery
13.10.4 Dense Wavelength Division Multiplexing (DWDM) Services
13.10.5 Satellite
13.10.6 Defense and Security
13.10.7 Engineering And Design
13.10.8 Data Transmission
13.10.9 Others
13.11 Basis Point Share (BPS) Analysis By Applications
13.12 Absolute $ Opportunity Assessment By Applications
13.13 Market Attractiveness Analysis By Applications
13.14 Latin America Free Space Optics Market Size Forecast By End-users
13.14.1 Aerospace & Defense
13.14.2 Healthcare Sector
13.14.3 Telecommunications
13.14.4 Others
13.15 Basis Point Share (BPS) Analysis By End-users
13.16 Absolute $ Opportunity Assessment By End-users
13.17 Market Attractiveness Analysis By End-users
Chapter 14 Middle East & Africa (MEA) Free Space Optics Analysis and Forecast
14.1 Introduction
14.2 Middle East & Africa (MEA) Free Space Optics Market Size Forecast by Country
14.2.1 Saudi Arabia
14.2.2 South Africa
14.2.3 UAE
14.2.4 Rest of Middle East & Africa (MEA)
14.3 Basis Point Share (BPS) Analysis by Country
14.4 Absolute $ Opportunity Assessment by Country
14.5 Market Attractiveness Analysis by Country
14.6 Middle East & Africa (MEA) Free Space Optics Market Size Forecast By Component
14.6.1 Transmitter
14.6.2 Receiver
14.6.3 Modulator and Demodulator
14.7 Basis Point Share (BPS) Analysis By Component
14.8 Absolute $ Opportunity Assessment By Component
14.9 Market Attractiveness Analysis By Component
14.10 Middle East & Africa (MEA) Free Space Optics Market Size Forecast By Applications
14.10.1 Mobile Backhaul
14.10.2 Enterprise Connectivity
14.10.3 Disaster Recovery
14.10.4 Dense Wavelength Division Multiplexing (DWDM) Services
14.10.5 Satellite
14.10.6 Defense and Security
14.10.7 Engineering And Design
14.10.8 Data Transmission
14.10.9 Others
14.11 Basis Point Share (BPS) Analysis By Applications
14.12 Absolute $ Opportunity Assessment By Applications
14.13 Market Attractiveness Analysis By Applications
14.14 Middle East & Africa (MEA) Free Space Optics Market Size Forecast By End-users
14.14.1 Aerospace & Defense
14.14.2 Healthcare Sector
14.14.3 Telecommunications
14.14.4 Others
14.15 Basis Point Share (BPS) Analysis By End-users
14.16 Absolute $ Opportunity Assessment By End-users
14.17 Market Attractiveness Analysis By End-users
Chapter 15 Competition Landscape
15.1 Free Space Optics Market: Competitive Dashboard
15.2 Global Free Space Optics Market: Market Share Analysis, 2020
15.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
15.3.1 fSONA Systems Corp.
15.3.2 Mostcom JSC, Collinear Networks
15.3.3 TrellisWare Technologies, Inc.
15.3.4 CommConnect Group, Inc.
15.3.5 Wireless Excellence Limited
15.3.6 EC SYSTEM INTERNATIONAL a.s.
15.3.7 Sa Photonics, Inc.
15.3.8 PW Data Group
15.3.9 Laseroptronics
15.3.10 Collinear Networks
Methodology
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