Global Free Space Optics Market Tends to Increase at a CAGR of 38.9% and Reach the Market Value of USD 1.209 Million by 2024

Posted on 2018-08-17 by Goldstein Research in Industrial // 0 Comments

New York, USA, 2018-Aug-17 — /EPR Network/ —The traffic of wireless communications networks has been steadily increasing, and to fulfill the traffic demand, investment for expanding network capacity will continue in the mid to long term. In addition, an explosive increase in traffic will be required to support the mobile fifth generation (5G) network after several years, and therefore, the production value of optical equipment/systems for mobile backhaul is expected to grow considerably. Free space optics system can be installed in point-to-point, point-to-multipoint, ring or mesh connections. Optical fiber placement in urban areas could cost USD 300,000-700,000 given the costs including excavating tunnels and obtaining rights-of-way. By disparity, a short FSO link of 155 Mbps can cost up to only USD15,000-18,000.

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Free space optics volumes grew at 2.4x in 2006-16, propelled by the North America and European markets, which prolonged six fold in that period. The European FSO market is characterized by major market players and rising implementations of FSO systems, growing at 39.53 % CAGR 2016-24. On the other hand, Asia Pacific region is anticipated to outperform all other regions by registering a CAGR of 40.08% from 2016 to 2024. The explosion of telecommunication and IT industry in the swiftly expanding economies of India and China is at the lead of driving growth in the global free space optics market.

“Global Free Space Optics Market Outlook, 2016-2024” covers the present ground scenario and future opportunity prospects for the market players to analyze the target markets across the globe. Moreover, competitive analysis includes the in-depth analysis of the major players and leaders in free space optics industry. The market study conducted on the basis of primary as well as secondary research where the analysts fragment the data from various databases such as Bloomberg, Factiva, Owler and others. Our primary research team conducted various interviews, surveys and group discussions of industry professionals, electric vehicle manufacturers, aftermarket vendors and component suppliers to analyze the future prospects of the overall free space optics industry.

Global Free Space Optics Market Segmentation can be classified on the basis of:-

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)

Based on Geography

North America (U.S. & Canada) {Market Size (USD Billion), Growth Analysis (%) and Opportunity Analysis}
Latin America (Brazil, Mexico & Rest of Latin America) {Market Size (USD Billion),, Growth Analysis(%) and Opportunity Analysis}
Europe (The U.K., Germany, France, Italy, Spain, Poland, Sweden & RoE) {Market Size (USD Billion),, Growth Analysis(%) and Opportunity Analysis}
Asia-Pacific (China, India, Japan, Singapore, South Korea, Australia, New Zealand, Rest of Asia) {Market Size (USD Billion),, Growth Analysis(%) and Opportunity Analysis}
Middle East & Africa (GCC, South Africa, North Africa, RoMEA) {Market Size (USD Billion), Growth Analysis (%) and Opportunity Analysis}

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Market Trends, Drivers and Challenges

Free space optics network provides high data rates as similar to fiber optics network to support broadband data services that required commercial transceivers that support high speed data rates. FSO systems are license-free and therefor there is no requirement for legal permissions to use optical channels that significantly eliminates the licensing fees as compared to other wireless RF based technologies. Moreover, many FSO technology companies and space organizations are working on this technology for successful implementation for space communication which is likely to propel the growth FSO technology in aerospace industry. For instance, in 2016, Surrey Satellite Technology (SST) pronounced to deliver secure data with low cost and low power laser technology from space to ground. SST is targeting to build a 1.5-kilo laser flight under 25 watts power which can provide faster downlink speeds on earth from space.

“Global Free Space Optics Market Report” has been prepared based on an in-depth market analysis from industry experts. The report covers the competitive landscape and current position of major players in the market space. The report also includes porter’s five force model, SWOT analysis, company profiling, business strategies of market players and their business models. Global free space optics market report also recognizes value chain analysis to understand the cost differentiation to provide competitive advantage to the existing and new entry players.

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Based on Component

Based on Application

Based on End-User

Based on Geography

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