Free Space Optics (FSO) Communication Market Analysis

Free Space Optics Communication Market Analysis

The terrestrial platform segment in Canada held around 45% of the revenue share in 2020 owing to its advantages such as high-speed optical communications links that are deployed for data transmission from satellites to terrestrial sites. The National Information and Communication Technology (NICT) is developing a terrestrial free-space optical communication network called INNOVA for future airborne and satellite-based optical communication projects. For instance, various ground stations and environmental monitoring stations across Japan are used to explore the site diversity concept.
 

In the UK, satellite application is expected to witness growth rate of about 40% through 2027 driven by the growing need for Satellite-to-Satellite communication across various applications. FSO communication systems require few onboard satellite resources due to their smaller form factor and easy to integrate into satellite platforms. This beneficial advantage is anticipated to support the free space optics communication market growth. The increasing government spending on R&D activities across FSO communication technology is also fueling the regional industry statistics.
 

North America is predicted to generate a revenue of above USD 1 billion by 2027 on account of rising digitalization that has enabled enterprises to expand the accessibility of their resources. Enterprises are deploying FSO communication systems for an extensive amount of data transmission. The increasing smartphone penetration, BYOD trend, and multiple government initiatives to accelerate digital transformation across enterprises are likely to spur the market revenue. The FSO communication technology is used across various applications such as mobile backhaul and satellite communication.