Global Free Space Optics Market size is projected to be valued $1.2 Billion by 2024; with a CAGR of 36.2% from 2017 to 2025. Free space optics is a line of sight technology that obtains broadband communications through the atmosphere by infrared beams. They are cheaper and require low maintenance as compared to the fiber networks. This technology can transmit voice, data and video at bandwidths up to 1.25 Gbps.
The ever expanding telecommunication industry and rising demand for data streaming and multimedia service fuels the growth of the market. Moreover, increasing applications of free space optics into military and healthcare and high penetration of 3G and 4G in emerging economies also boosts the growth of the market. However, environment turbulence could hamper the signal quality, which would hinder the growth of the market. Furthermore, technology advancements and emerging economies could provide growth opportunity for the free space optics market.
The global free space optics market is segmented based on the component, application and geography. By component type, it is further segmented into transmitter, receiver, modulator, demodulator, encoder & decoder and others. Furthermore, application is segmented into security, airborne application, healthcare, storage area network, data transmission, defense, disaster recovery, last mile access and others.
By geography the free space optics market is segmented into North America, Europe, Asia-Pacific and rest of the world (RoW). The U.S., Canada and Mexico are covered under North America wherein Europe covers U.K., Italy, France, Germany and Rest of Europe. Asia-Pacific covers China, India, Japan, South Korea and Rest of Asia Pacific. Rest of the World (RoW) covers South America, Middle East and Africa.
Key market players include Wireless Excellence Ltd., General Electronics Co., Fujitsu Ltd., Lightbee Corp., Panasonic Corp., Harris Corporation, Outstanding Technology, LightPointe Communications, Inc., pureLiFi Ltd., Trimble Hungary Ltd., Anova Technologies, and Koninklijke Philips N.V. among others.
The report covers
Scope of the Global Free Space Optics Market