all report title image
  • To Be Published : Mar 2024
  • Code : CMI1558
  • Formats :
      Excel and PDF
  • Industry : Semiconductors

Free space optics is an optical communication technology, which is responsible for transmitting light beams in free space for broadband communications. This optical communication technology offers various advantages including, high-speed data transmission rate, installation, and protected data transfer. The technology is utilized in deep-space probes, satellite links, for aircraft communication as well as for communication in UAVs and remote areas.

Proliferation of internet usage is one of the major factors driving growth of the global market

Major factors driving growth of the global free space optics market is, increasing internet traffic. Factors such as utilization of high-bandwidth applications, expanding online video content, and rising number of mobile internet users will lead to rise in the global IP traffic during the forecast period. Adoption of smartphones is increasing, which is leading to increasing mobile advertising, including SMS & MMS advertising, mobile web, mobile video & television, and several online advertising channels; and increasing demand for on-demand services such as videos, online messaging applications, video chat, and voice calls, at anytime and anywhere. These are powerful tools for effective real-time communication. Hence, increasing demand for real-time communication will proportionately increase demand for free space optics communication. For instance, according to Coherent Market Insights’ analysis, as of 2017, over 53% of internet traffic was generated by mobile, traffic which is increased from 41% in 2016.

Moreover, development of advanced wireless technologies, which includes Z-Wave and ZigBee, has further increased the internet traffic as they are responsible for providing easy connectivity to a wide range of devices, in order to offer faster data transfer and better bandwidth with lesser chances of data loss. These are few major factors driving the global market growth.

Global Free Space Optics Communication Market: Restraint

Major factor expected to hinder global market growth is degradation of signals, due to environmental interference. Free space optics communication can be interrupted due to fog and atmospheric turbulence. Occurrence of fog can hamper the characteristics of the light wave being transmitted by absorption, scattering, and reflection of the light wave. Atmospheric turbulence can cause sparkling, which can further increase the bit-error rate. These are some factors restraining growth of these free space optics communication market.

Global Free Space Optics Communication Market: Regional Insights

The global free space optics communication market is segmented on the basis of regions into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. The market in Asia Pacific is expected to exhibit the highest CAGR during the forecast period. This growth is attributed to increasing number of internet users in this region along with growing 5G pilot projects in the region. According to Coherent Market Insights’ analysis, in 2017, Asia Pacific accounted for over 50% of internet users in the world, of which China accounted for the largest share in the regional market, accounting for around 26% share of global internet users. This in turn, is expected to boost adoption of better wireless infrastructure. For instance, China Telecom Corporation Ltd. established a new 5G base station in Lanzhou, in December 2017, to expand 5G pilot projects in China. Moreover, government initiative plays a major role for growth of the 5G infrastructure in Asia Pacific region. For instance, China government is expected initiate commercial rollouts by 2020. With 3,400–3,600 MHz band, the country’s first trials will be conducted in 2020. The 3,300–3,400 MHz, 4,400–4500 MHz, and 4,800–4,990 MHz bands are also under consideration. For high internet speeds, China government has plans on using spectrum around 25 gigahertz and 40 gigahertz frequencies. This in turn, is expected to boost growth of regional market over the forecast period.

Global Free Space Optics Communication Market: Competitive Background

Major players operating in the free space optics communication market are Koninklijke Philips N.V., General Electric Co., Bytelight, Inc., Panasonic Corp., Purelifi Ltd., LVX System, Oledcomm, Lightbee Corp., Outstanding Technology Corp., Ibsentelecom Ltd., and Supreme Architecture Inc.

Global Free Space Optics Communication Market: Taxonomy

On the basis of components:

  • Transmitters
  • Receivers
  • Modulators
  • Demodulators
  • Encoders & Decoders
  • Others

On basis of application:

  • Mobile Backhaul
  • Enterprise Connectivity
  • Disaster Recovery
  • Defense
  • Satellite
  • Healthcare
  • Security
  • Engineering and Design
  • Others

On basis of region:

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East
  • Africa

View Our Licence Options

Need a Custom Report?

We can customize every report - free of charge - including purchasing stand-alone sections or country-level reports

Customize Now

Want to Buy a Report but have a Limited Budget?

We help clients to procure the report or sections of the report at their budgeted price. Kindly click on the below to avail

Request Discount
Logo

Reliability and Reputation

ESOMAR
DUNS Registered
Clutch
DMCA Protected

9001:2015

Reliability and Reputation

27001:2022

Reliability and Reputation

EXISTING CLIENTELE

Joining thousands of companies around the world committed to making the Excellent Business Solutions.

View All Our Clients
trusted clients logo