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Free Space Optics (FSO) Communication Market Size
- Report ID: GMI3794
- Published Date: Nov 2021
- Report Format: PDF
Free Space Optics Communication Market Size
Free Space Optics (FSO) Communication Market size exceeded USD 200 million in 2020 and is estimated to grow at over 35% CAGR from 2021 to 2027. Rising penetration of smartphones is influencing the industry growth spectrum. Favorable government initiatives to enable seamless adoption of IoT in different industry verticals will also largely assist the rapid deployment of FSO communication systems throughout the global landscape. The growing demand for high-speed broadband connectivity and increasing technological advancements across the telecom & military sectors are driving the market expansion.
The COVID-19 restrictions globally resulted in increasing adoption of the work-from-home trend which resulted in rising demand for strong data transition. Moreover, the COVID-19 pandemic positively impacted the FSO communication market demand due to a significant rise in the BYOD trend.
| Report Attribute | Details |
|---|---|
| Base Year: | 2020 |
| Free Space Optics (FSO) Communication Market Size in 2020: | 200 Million (USD) |
| Forecast Period: | 2021 to 2027 |
| Forecast Period 2021 to 2027 CAGR: | 35% |
| 2027 Value Projection: | 2 Billion (USD) |
| Historical Data for: | 2016 to 2020 |
| No. of Pages: | 196 |
| Tables, Charts & Figures: | 193 |
| Segments covered: | Platform, Application and Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Frequently Asked Questions (FAQ) :
Free Space Optics (FSO) Communication Market Scope
