What is Free Space Optics Market?
Free space optics is wireless optical communication technology that uses light propagating in free space for transmitting data. This technology is quite popular to achieve high bandwidth with low latency and at lower initial investment as it doesn’t require wires. Government & defense sector are the prompt adopter of the FSO technology due to its very high security level operation and also deployed in the areas where normal broadband or fiber cable connections cannot be installed.
The market study is being classified by Type (Short Distance, Mid Distance and Long Distance), by Application (Outdoor wireless access, Storage Area Network (SAN), Last-mile access, Enterprise connectivity, Backhaul and Others) and major geographies with country level break-up.
CableFree (United Kingdom), Cisco Systems (United States), Fujitsu (Japan), Trimble Inc. (United States), Anova Technologies (United States), General Electronics (United States), AT&T Mobility (United States), Panasonic Corporation (Japan), Optiwave Systems Inc. (Canada), Philips (Netherland) and Verizon Communications (United States) are some of the key players profiled in the study.
The key manufacturers are targeting the innovations of the products with better quality, better technical characteristics, and also assist in providing and humanizing the after-sale service to the consumers. The key players are probable to keep a stronghold on the market over the anticipated period. The key players are accepting strategic decisions and are thinking upon mergers and acquisitions in order to maintain their presence in the market. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Free Space Optics market throughout the predicted period.
Analyst at AMA have segmented the market study of Global Free Space Optics market by Type, Application and Region.
On the basis of geography, the market of Free Space Optics has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increased Demand for High-speed Data Transmission Technology with Low Latency
- Application of FSO in Government and Defense Sector to Transfer Confidential Information
- Evolution of Next Generation Free Space Optics Corporation System
- Bad Weather Conditions like Heavy Rain, Fog, Haze, and Other Atmospheric Turbulence Creates Obstruction in Transmission
- Increased Adoption IoT and Data-centric Devices by Various Industries and Commercial Sector
- Lack of Awareness and Availability of Alternative like Fiber Optic Cabling
Market Leaders and some development strategies
In January 2021, Cisco announced the acquirement of Acacia Communications to expand its business. Acacia Communications is a leading manufacturer of high-speed coherent optical interconnect products that are designed to transform communications networks through improvements in performance, capacity and cost. The Acquisition will enhance Cisco’s ‘Internet for the Future’ strategy with world class coherent optical solutions for customers and enable them to address the unprecedented scale of modern IT.
In October 2019, CableFree launched SmartNode and SmartP2P V-Band Radio range, a gigabit-class solution for high capacity urban wireless networks. The solution offers 360 degree coverage with 4 integrated 60GHz V-band radios and provides extremely high speed connections up to 1Gbps full duplex.
Key Target AudienceNew Entrants/Investors, Analysts and Strategic Business Planners, Free Space Optics Service Providers, Manufacturers & Suppliers of Free Space Optics, Telecommunication Service Providers, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations, End-use Industries and Others
Frequently Asked Questions (FAQ):
1. Which factors would majorly drive the Free Space Optics Market?
"Increased Demand for High-speed Data Transmission Technology with Low Latency
" is seen as one of major growth factors of Free Space Optics Market in years to come.
2. Can we have customized study for Free Space Optics Market?
The Study can be customized subject to feasibility and data availability. Please connect with our sales representative for further information.
3. Which region will lead the Global Free Space Optics Market?
will lead the Free Space Optics Market.