Free Space Optics Communication Market is driven by growing need for higher bandwidth communication

0
1K

The free space optics (FSO) communication market involves the transmission of data through the atmosphere in the form of invisible beams of light. FSO communication offers advantages like license-free operation, easy deployment, and high bandwidth delivery without requiring rights of way. It can deliver high-speed Internet connectivity without using cables for last mile connectivity challenges. FSO technology transmits data through atmospheric optical windows in the infrared spectrum utilizing laser or LED lights. The demand for FSO systems is growing in networks requiring gigabit speed connectivity for applications such as video surveillance, video conferences, private leased lines etc.

The Global Free Space Optics Communication Market is estimated to be valued at US$ 6.8 Bn in 2024 and is expected to exhibit a CAGR of 16.% over the forecast period 2024 to 2030.

Key Takeaways

Key players operating in the free space optics communication market are Boost Oxygen, LLC, CAIRE Inc. (AirSep), Chart Industries, DeVilbiss Healthcare LLC, Inogen, Inc., Oxygen Plus, Inc., Pure O2 Ltd, Invacare Corporation, Oxyzens, Philips Healthcare, Zadro Health Solutions, and 2ND Wind Oxygen Bars. These players are focusing on developing innovative FSO systems to cater to the rising demand.

The demand for Global Free Space Optics Communication Market Size is increasing due to the growing need for higher bandwidth connectivity solutions among enterprises, government organizations and telecom operators. FSO technology offers multi-gigabit connectivity and is proving effective for delivering connectivity for applications such as video streaming, IPTV, large file transfers etc.

The FSO market is witnessing rising global expansion with growing deployment of FSO links worldwide for bridging the last mile connectivity challenges. Countries in the Asia Pacific region are expected to augment the demand due to expansion of internet infrastructure. Factors like ease of deployment, license-free operations and sustainability are driving the adoption of FSO globally.

Market drivers

One of the major market drivers is the growing need for higher bandwidth connectivity. With increasing usage of bandwidth intensive applications and IoT devices, there is a rising need for communication networks that can deliver multi-gigabit speed seamlessly. As FSO technology is capable of delivering up to 10 Gbps speed over short links, it is well-suited for addressing the bandwidth connectivity challenges. This significant advantage will continue driving the demand for FSO communication globally over the forecast period.

Impact of geopolitical situation on Free Space Optics Communication Market growth

The current geo-political tensions and conflicts among some countries are negatively affecting the growth of the free space optics communication market. Many countries experiencing political instability and security issues are witnessing delays in implementing new free space optics communication infrastructure projects. The ongoing Russia-Ukraine war has disrupted the supply chain and manufacturing operations of some key market players located in these regions. Rising nationalism and protectionist policies adopted by few nations are also restricting cross-border deployment of free space optics equipment. However, the demand for such solutions is increasing from defense agencies to ensure secure communications without cyber threats. If the present geopolitical uncertainties continue for long, the market may experience slower growth than forecasted during the projected period. The market players need to closely monitor the situation and diversify their manufacturing and supply bases to mitigate risks. They should also focus on expanding in politically stable growth economies to achieve their revenue targets.

Geographical regions where Free Space Optics Communication Market value is concentrated

The Free Space Optics Communication market in terms of value is currently concentrated in North America and Western Europe. The large defense budgets and advanced communications infrastructure of countries like the US, Canada, Germany, UK, and France have resulted in their dominance in adopting free space optics solutions. The extensive deployment of such equipment for applications like video surveillance, mobile backhaul, disaster management, and military communication across borders, oil & gas platforms, airports etc. has significantly contributed to the market revenues in these regions over others globally. Furthermore, the presence of leading technology innovators and component manufacturers in developed markets like Silicon Valley and Scandinavia has given the required boost for product development and commercialization.

Fastest growing region for Free Space Optics Communication Market

The Asia Pacific region is expected to emerge as the fastest growing market for free space optics communication during the forecast period. Rapid infrastructural development, urbanization and industrialization occurring in developing economies like China, India and South East Asian countries have increased the demand for advanced connectivity networks. Favorable government policies and initiatives promoting self-reliance in communications as well as rising defense expenditure are encouraging technology adoption. Moreover, growing free trade agreements and cases of system integrators partnering with local players are helping to expand the market reach. As more Asia Pacific nations contribute significantly to the global GDP, their share in the total free space optics communication market value is anticipated to rise at a much quicker pace compared to mature economies.

Get More Insights On This Topic: https://www.newsanalyticspro.com/free-space-optics-communication-market-analysis-growth-forecast-outlook-2023-2030/

Search
Categories
Read More
Health
Fit Flare Keto Gummies – Are They Real? The Surprising Truth Revealed!
Fit Flare Keto Gummies Reviews is a fantastic keto item made as chewy candies to support...
By Uravis Iolx 2024-04-26 07:22:51 0 742
Other
London Removals & Movers: UK London to Austria Removals
  Since 2010, London Removals & Movers has been at the forefront of helping individuals,...
By London Removals & Movers 2024-11-18 11:07:06 0 123
Health
Human Embryonic Stem Cell Market Research Report: Share, Growth, Trends and Forecast By 2028
 Global Human Embryonic Stem Cell market report evidently explains what...
By SHAM Bhau 2024-04-03 18:50:06 0 878
Other
Samsung Galaxy Tab S9+ vs Xiaomi Pad 6: A Quick Comparison
The Samsung Galaxy Tab S9+ and Xiaomi Pad 6 offer competitive features in the tablet market, each...
By Itcafe Chills 2024-08-04 17:06:27 0 636
Networking
Board to Board Connectors for Automotive Market Key Insights, Trends, Forecast
Board to Board Connectors for Automotive Market Overview The automotive industry is rapidly...
By Bondjoe Joe 2024-09-14 07:25:22 0 298