The global free space optics (FSO) market is anticipated to grow at a significant CAGR during the forecast period (2024-2031). FSO (free space optics) is an optical communication technology wherein data transmits by the propagation of light in free space that enables optical connectivity. In FSO, there is no requirement for the optical fiber cable. FSO is designed to work similarly to OFC (optical fiber cable) networks, however, the only point of differentiation lies in the fact that the optical beams are sent through free air instead of OFC cores that is glass fiber. The market growth is majorly attributed to factors including the growing demand for digital connectivity and the increasing demand for higher and resilient bandwidth.
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Adding to this, the growth in the number of applications of FSO related devices in the defense vertical, the rising adoption of 5G networks, and the growing trend of adoption of better wireless infrastructures, are the other factors driving the market growth. Talking about its application in defense, the US has shown its substantial contribution in uplifting its regional market growth. For instance, in November 2021, CACI International has agreed to acquire SA Photonics for $275 million in a deal that complements its existing Free Space Optical (FSO) communications capabilities for the US Government and commercial customers and adds development and production capacity.
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Market Coverage
- Segment Covered-
o By Component
o By Application
- Competitive Landscape: Microsoft Corp., Schneider Electric SE, Dell, Inc., Cisco Systems, Inc., General Electric Co., Toshiba Corp., among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominates the market in base year?
- Which segment and region will project fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Free Space Optics Market Report Segmentation
By Component
- Transmitters
- Receivers
- Modulators
- Demodulators
- Encoders
- Decoders
By Application
- Storage Area Network
- Airborne
- Data Transmission
- Defense
- Security
- Disaster Recovery
- Others
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