Fast and secure communication can be achieved with the application of free space optics communication: The global free space optics market is expected to driven by growing need of high end communication services in remote areas. Implementation of narrow laser beam in wireless communication is increasing the security in data transmission. Effective implementation with less atmospheric and electromagnetic interference is contributing in the growth of free space optics market.
Global Free Space Optics Market Outlook 2024
The global free space optics market was valued at USD 78.4 million in 2015 and further the market is predicted to register a prominent CAGR over the forecast period i.e. 2016-2024.
The global free space optics market is segmented based on components such as microcontroller, LEDs, optics software and photodiodes. LEDS and Photodiodes are expected to garner largest share due to its high data transfer rate with high bandwidth as compared to other components.
Geographically, North America and Europe regions are acquiring largest share of global free space optics market. High adoption rate of advanced telecommunication technology and implementation of free space optics communication systems are increasing the demand for free space optics technology. Collaboration of federal space entities such as National Aeronautics & Space Administration (NASA) and European Space Agency (ESA) in expansion of space communication network is likely to propel the growth of North America free space optics market.
Laser communication: Connectivity beyond skies
Laser based wireless communication system which is introduced by ViaLight Communications GmbH is a recent innovation in the field of free space optics communication. Wireless laser communication transmits high data for point-to-point communication. In another term it is an extension of fibre network for ground, air or space application. Low size with light weight and low power consumption is driving the adoption rate of laser based wireless communication system.
“Global Free Space Optics Market Outlook 2024” contains detailed overview of the global free space optics market in terms of market segmentation by component type, by application type and by end-user type.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Sacle) analysis, Porter’s five force model and SWOT analysis.
This market report also includes provides competitive outlook of some of the major players of the global free space optics market which includes profiling of companies LightPointe Communications, fSONA Networks Corp., Plaintree Systems Inc., Trimble Hungary Ltd. etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments. Overall, the report represents comprehensive synopsis on the global free space optics market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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