“Global Free Space Optics Market Outlook 2024: Global Opportunity and Demand Analysis, Market Forecast, 2018-2024” presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, type of product and deal landscapes.
Top Leading Companies: LightPointe Communications, Inc., fSONA Networks Corporation, Trimble Hungary Ltd., Fujitsu Ltd., Laser Light Communications, Panasonic Corporation, Plaintree Systems Inc., Wireless Excellence Ltd., Vialight Communications Gmbh.
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Global Free Space Optics market can be categorized on following basis
• Based on Component
o Optics Software
• Based on Application
o Remote Monitoring
o Satellite Communications
o Mobile Backhaul
o Last Mile Access (Metro network extensions)
o Dense Wavelength Division Multiplexing (DWDM) Services
o Others(Security, Disaster Recovery)
Essential points covered in Global Free Space Optics Market 2018 Research are:-
- What will the market size and the growth rate be in 2024?
- What are the key factors driving the Global Free Space Optics market?
- What are the key market trends impacting the growth of the Global Free Space Optics market?
- What are the challenges to market growth?
- Who are the key vendors in the Global Free Space Optics market?
- What are the market opportunities and threats faced by the vendors in the Global Free Space Optics market?
- What are the key outcomes of the five forces analysis of the Global Free Space Optics market?
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This independent 220 pages report guarantees you will remain better informed than your competition. With over 150 tables and figures examining the Free Space Optics market, the report gives you a visual, one-stop breakdown of the leading products, submarkets and market leader’s market revenue forecasts as well as analysis to 2024.
Free space optics is transforming the telecommunication communication industry by delivering enhanced speed and flexible network than broadband. Free-space optical technology uses propagation of light in free or vacuum space to transmit data wirelessly. High cost of physical connection and weather conditions has majorly affected the telecommunication performance in past. Extreme climatic conditions such as fog are one of the major barriers for the free space optics technology. During the time period of 1998 to 2006, over USD 400 million were invested to improve the telecommunication facilities during bad weather conditions. However, all the projects were unsuccessful to meet the quality standards for telecommunications operations. Equinix, Inc. which is a world’s largest IBX data center & collocation provider, partnered with Laser Light Communications to work on world’s first hybrid optical network “HALO” in October 2016. This partnership is targeting to provide seamless optical communication system and improve terrestrial fiber network which can bypass the atmospheric interference. These advancements in the telecommunication sector further boost the growth of global free space optics market.
Geographically, this report is segmented into several key Regions, with Sales, revenue, Market Share (%) and Growth Rate (%) of Free Space Optics in these regions 2016 to 2024 (forecast), covering North America , Latin America , Europe , Asia-Pacific , Middle East and Africa (MEA) , Rest of World.
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Market Size and Forecast:
In 2005, over 85% shipments of free space optics products were deployed in last mile access application. Last mile access provides high bandwidth services at low cost which is increasing the demand of free space optics technology access in communication. Based on application, satellite and mobile backhaul segment is growing at a faster rate. As per the study performed in 2015 by California Institute of Technology mobile backhaul with the application of free space optics technology is cost-effective and 25 times more efficient than radio frequency backhauls. On the other hand, LEDs and photodiodes are the dominating market of free space optics in component segment. LEDs are preferred over LASERs as laser beam approaches have chances to damage human eyes. Thus usage of LEDs and photodiodes reduces the beam intensity which is harmless for human eyes. These factors are propelling the market growth of free space optics across the globe. The global free space optics market is expected to garner value of USD 1,200 Million by 2024 from USD 86.2 Million in 2016, growing at a CAGR of 38.9% during the forecast period of 2016-2024.
North America is the dominating region in global free space optics market followed by Europe. Early acceptance and wide implementation of free space technology is driving the market of free space optics in the region. Growing investment in research & development of satellite communication is expected to increase the demand for free space optics communication market in North America over the forecast period. North America region is expected to occupy more than 50% market share of global free space optics market and anticipated to reach value USD 0.60 billion by the end of 2024. Rising demand for free space optics devices in military applications is boosting the market in Europe region. Europe free space optics market valued USD 0.03 billion in 2016 and is estimated to reach value of USD 0.40 billion by 2024.
On the other hand, Asia-Pacific region is expected to witness notable growth in free space optics market due to huge investment in emerging economies such as India and China for improvement of infrastructures and implementation of free space optics technology for telecommunication industry. However, Asia-Pacific region is expected to occupy approximately 10% market share of global free space optics market during the forecast period of 2016 to 2024. Middle East & Africa region is projected to occupy nearly 8% market share of global free space optics market on the back of rapid advancement in telecommunication sector.
Market Drivers and Challenges
Upsurge need for high speed connectivity services raises the adoption rate of free space optics technology among internet service providers. Connectivity technologies such as 3G and 4G are using free space optics technology which has reduces the cost of internet connectivity. Low cost application is driving the market of free space optics. Growing usage of free space optics communication system in defense and healthcare sector is fostering the growth of free space optics market across the globe. Ease of deployment, resistance against electromagnetic interference, high bit rates with less or no errors and high security are some of the key factors which are giving technical advantage to free space optics communications and triggering the growth of global free space optics market.
Free space optics technology is a powerful alternative in telecommunications and computer networking field. However, terrestrial application of free space optics communication is facing limitations due to atmospheric and climatic conditions. Majorly due to fog and heavy rains, free space optics devices faces range limitation. Laser communication transmission provides reliable connection during unfavorable weather conditions. Lack of availability of devices with better photon efficiency and high rate of data is constraining the market expansion of free space optics.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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