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Press Release

Global Free Space Optics Market Is Likely Become Worth US $1.07 Bn over 2016-2024

This press release was orginally distributed by SBWire

Albany, NY -- (SBWIRE) -- 11/06/2017 -- Free space optics (FSO) communication, also known as optical wireless or free space photonics (FSP) is a line-of-sight technology that propagates light in free space such as vacuum, air, or outer space in order to wirelessly transmit data for computer networking and telecommunication. This technology requires light, which can be focused by either using light emitting diodes or lasers. Free space optics uses optical signals as the carrier frequencies to offer point-to-point transmission of communication information through the atmosphere. This technology offers several benefits over the existing techniques such as radio, microwave, or optical systems. The advantages associated with FSO such as low initial investment, low power usage per transmitted bit, high bandwidth provisioning, flexible rollouts, high security, and quick establishment of communication link has led to increasing number of applications of free space optics in various industries.

A surge in demand for high bandwidth and increasing application of free space optical technology in military environments is strongly driving the growth of the free space optics market. Bandwidth usage is experiencing unprecedented growth and the demand for bandwidth is not likely to slow down in the coming years. Free space optical communication is a viable solution for various military applications and the most promising military environments where FSO technology can be used include military bases, in between bases where bases are co-located within 2-4 km of one another, ship to shore communications, and ship to ship communications.

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In addition to these factors, the incorporation of free space optics in 3G and 4G networks is triggering the market growth. Furthermore, quicker time to market and reduced costs associated with free space optics technology is boosting the market growth. The conjoint effect of all these drivers is thus set to bolster the growth of the global free space optics market during the forecast period.

Advancements in free space optics technology and healthy economic growth of emerging economies are offering potential growth opportunities to the free space optics market. Advancements in free space optics technology have led to growth in requirement of free space optical communication in several applications including telecommunications, military and defense.

Key players in the fiber space optics market are coming up with rapid technological advancements to mitigate the effect of atmospheric attenuation on the FSO signals and this is expected to offer potential growth opportunities to the growth of the global free space optics market. Further, an unexpected exponential growth of the telecommunications industry and tremendous increase in the online time used up by existing customers is witnessed in the developing regions of Asia Pacific, Middle East and Africa and Latin America. This is persistently fuelling the demand for bandwidth and consequently offering lucrative opportunities for the growth of the FSO market.

The competitive profiling of the major companies in the global free space optics market across five broad geographic regions has been included in the study. The competitive landscape is inclusive of the recent developments of the leading players in the field of free space optics and the various business strategies adopted by these companies. In the report, market attractive analysis of the chief application of free space optics has been provided in order to offer an insight into the global free space optics market. An extensive analysis of market dynamics which includes the drivers, restraints and opportunities of the global market is included under the scope of the study. Hence, the global free space optics market report offers an inclusive study of the market along with providing the forecast of the market for the period from 2016 to 2024.

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Some of the major players in the market are: Trimble Hungary Ltd. (Hungary), Mostcom Ltd. (Russia), AOptix Technologies Inc. (U.S.), Optelix (South Africa), LightPointe Communications, Inc. (U.S.), IBSENtelecom Ltd. (Norway), Harris Corporation (U.S.), Anova Technologies (U.S.), fSONA Networks Corp. (Canada) and Wireless Excellence Limited (U.K.) among others.

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