Free Space Optics (FSO) Communication Market Size, COVID-19 Impact Analysis, Regional Outlook, Application Development Potential, Price Trend, Competitive Market Share & Forecast, 2021 – 2027
Report ID: GMI3794
Free Space Optics (FSO) Communication Market size is projected to gain major impetus in the coming years, driven by the growing demand for wireless communication worldwide. Additionally, the surging demand for digital connectivity is expected to produce a significant impact on the global FSO communication market over 2021-2027.
Free-space optics communication technology uses wireless technology to transfer data through light propagation in free space. This technology is largely suitable for performing data transmission in the localities that are not suitable for physical connections. Besides, the free-space optical communications technology also offers satellite to ground communication, airborne applications, and inter-satellite communications.
Factors like fog, smoke, rain, and atmospheric turbulence increase the network system’s volatility, which is anticipated to act as a limiting factor, hindering the market growth throughout the stipulated timeframe.
Rising penetration of smartphone usage is influencing the growth spectrum of FSO communication industry. This has led to a prolific rise in mobile advertising, like mobile web, MMS and SMS advertising, and a few online advertising channels. These powerful tools are considered to be highly effective for real-time communication. Therefore, a subtle increase in the demand for real-time communication would subsequently augment the free connection of space optics.
Based on the application spectrum, free space optics communication market is predicted to gain massive momentum from Storage Area Network (SAN) and Last-mile access applications. FSO links can be used to form a SAN. It is a network which is known to offer access to consolidated, block level data storage.
For last-mile access applications, FSO can be used to solve the problems of high cost associated to lay optical fiber. It is a high-speed link and can be used to bypass local-loop systems of other kinds of network. FSO is also being used in defense and military application as it is an undetectable and secure system that can connect large areas safely with minimal planning and deployment time.
Regionally, the Asia Pacific free space optics communication market is anticipated to take over a considerable share in the overall industry space. This can be accounted for a rapid expansion of the IT and telecom industry in the APAC economies. Moreover, rapid technological developments in the region and rising innovation in the communication and technology sector in Indian and Chinese sub-continents would further expand the market growth. Needless to mention, the partnership of federal space entities is further likely to propel the growth of FSO communication market by the end of 2027.
Some of the important companies functioning in free space optics communication market are General Electronics, Anova Technologies, Harris Corporation, Wireless Excellence Ltd, Fujitsu Ltd (Furukawa Group), and Trimble Hungary amongst others.
These companies have been relentlessly working towards gaining a competitive edge in the global market, while also allowing the market to secure a stable position in the overall communications industry.
Analyzing the impact of coronavirus pandemic outbreak on FSO communication market growth
The year 2020, which observed a massive disruption caused by the coronavirus pandemic globally, brought various industries and business to standstill. However, with various organizations and enterprises pivoting to digital space from brick-and-mortar stores and on-premise operation, the demand for effective wireless communication and internet connectivity rose multifold. This upsurge announced a significant rise in the adoption of free space optics communication systems and technology, adding to the market growth.
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