Global Free Space Optics Market Projected to Reach USD 1200.0 Million by 2024

Posted on 2018-08-06 by Goldstein Research in Technology // 0 Comments

New York, USA, 2018-Aug-06 — /EPR Network/ —Globally the growing need for high-speed connectivity by the service providers tends to drive the growth of the global free space optics market. According to Goldstein Research, global free space optics market size is expected to reach USD 1200.0 million by 2024 from an estimated market size of USD 86.2 million in 2016, growing at a CAGR of 38.9% during the forecast period (2016-2024).

Further, Global free space optics market segmentation has been done on the basis of components, application, end user and geography. Based on application, satellite and mobile backhaul segment are forecast to grow at fastest CAGR, whereas, LEDs and photodiodes as estimated to have a largest market share in 2016. Geographically, the global free space optics industry is dominated by North America region, with 50.0% market share in 2016. North America is followed by Europe free space optics market share. Growing investment in R&D and rising demand for free space optics devices in Europe for military applications is driving the European market growth.

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Market Segmentation

Global Free Space Optics Market can be segmented as follows:

Based on Component

Microcontroller
LEDs
Optics Software
Photodiodes

Based on Application

Remote Monitoring
Satellite Communications
Mobile Backhaul
Last Mile Access (Metro network extensions)
Dense Wavelength Division Multiplexing (DWDM) Services
Others(Security, Disaster Recovery)

Based on End-User

Aerospace & Defense
Healthcare Sector
Transportation & Logistics
Others (Energy & Resources)

By Region

North America Free Space Optics Market Analysis, 2016-2024
Europe Free Space Optics Market Analysis, 2016-2024
The Middle East and Africa Free Space Optics Market Analysis, 2016-2024
Latin America Free Space Optics Market Analysis, 2016-2024
Asia Pacific Free Space Optics Market Analysis, 2016-2024
Rest of the World Free Space Optics Market Analysis, 2016-2024

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“Global Free Space Optics Industry Analysis 2024” contains a detailed overview of the global free space optics market. On the basis of our in-depth analysis, the market can be segmented in terms of market segmentation by components, application, end user and geography.

Key players highlighted in the Global Free Space Optics Market Report are Light Pointe Communications, Inc., fSONA Networks Corporation, Trimble Hungary Ltd., Laser Light Communications, Panasonic Corporation, Plaintree Systems Inc., Wireless Excellence Ltd., Vialight Communications Gmbh

Further, Global Free Space Optics Market Report encompasses the industry growth drivers, opportunities, trends, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This market report also includes competitive outlook of major players, their business strategies, geographical revenue distribution, financial analysis, major information of the companies which encompasses business outlook, and recent developments. The report also includes market forecasts for the period of 2016-2024, and expected growth rate of the market based on estimated market size and market share by segments and by geographic regions.

The data mentioned is to support the clients to assess present and future market trends and emerging opportunistic markets all over the world.

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