Global Free Space Optics Market 2017: Key Players – LightPointe Communications, Inc., Trimble Hungary Ltd. , Fujitsu Ltd., Panasonic Corporation and More adds Exclusive Research on “Global Free Space Optics Market ” reports to its database.

WiseGuyReports published new report, titled “Global Free Space Optics Market Outlook”

Market Overview

Free space optics is transforming the telecommunication communication industry by delivering enhanced speed and flexible network than broadband. Free-space optical technology uses propagation of light in free or vacuum space to transmit data wirelessly. High cost of physical connection and weather conditions has majorly affected the telecommunication performance in past. Extreme climatic conditions such as fog are one of the major barriers for the free space optics technology. During the time period of 1998 to 2006, over USD 400 million were invested to improve the telecommunication facilities during bad weather conditions. However, all the projects were unsuccessful to meet the quality standards for telecommunications operations. Equinix, Inc. which is a world's largest IBX data center & collocation provider, partnered with Laser Light Communications to work on world’s first hybrid optical network “HALO” in October 2016. This partnership is targeting to provide seamless optical communication system and improve terrestrial fiber network which can bypass the atmospheric interference. These advancements in the telecommunication sector further boost the growth of global free space optics market.

In 2016, “SpaceDataHighway” a first dedicated laser terminal was launched by European Space Agency (ESA) for the future European Data Relay System (EDRS). SpaceDataHighway is capable of transferring high definition images with huge amount of data from space to terrestrial ground at high speed better than radio frequency links. Space research agencies are also collaborating together to implement free space optical communication (FSOC) technology for space and satellite communication. For instance, European Space Agency (ESA) and National Aeronautics & Space Administration (NASA) are planning to use optical communication for data transmission to enhance telecommunication on earth. This high data will be initially transmitted to lower earth orbit from geosynchronous orbit (GEO). Federal space entities are also planning to set specific interoperability standards for the deployment of free space optics technology. The Consultative Committee for Space Data Systems (CCSDS) an international space industry is working on process and standards for signaling and computer networking. The robust advancement in telecommunication technology further propels the demand for enhanced and advanced devices in various end-use sectors.


Market Segmentation

Global free space optics market can be segmented on following basis:

• Based on Component
o Microcontroller
o LEDs
o Optics Software
o Photodiodes
• Based on Application
o Remote Monitoring
o Satellite Communications
o Mobile Backhaul
o Last Mile Access (Metro network extensions)
o Dense Wavelength Division Multiplexing (DWDM) Services
o Others(Security, Disaster Recovery)
• Based on End-User
o Aerospace & Defense
o Healthcare Sector
o Transportation & Logistics
o Others (Energy & Resources)

Market Size and Forecast (2016-2024)

In 2005, over 85% shipments of free space optics products were deployed in last mile access application. Last mile access provides high bandwidth services at low cost which is increasing the demand of free space optics technology access in communication. Based on application, satellite and mobile backhaul segment is growing at a faster rate. As per the study performed in 2015 by California Institute of Technology mobile backhaul with the application of free space optics technology is cost-effective and 25 times more efficient than radio frequency backhauls. On the other hand, LEDs and photodiodes are the dominating market of free space optics in component segment. LEDs are preferred over LASERs as laser beam approaches have chances to damage human eyes. Thus usage of LEDs and photodiodes reduces the beam intensity which is harmless for human eyes. These factors are propelling the market growth of free space optics across the globe. The global free space optics market is expected to garner value of USD 1,200 Million by 2024 from USD 86.2 Million in 2016, growing at a CAGR of 38.9% during the forecast period of 2016-2024.

North America is the dominating region in global free space optics market followed by Europe. Early acceptance and wide implementation of free space technology is driving the market of free space optics in the region. Growing investment in research & development of satellite communication is expected to increase the demand for free space optics communication market in North America over the forecast period. North America region is expected to occupy more than 50% market share of global free space optics market and anticipated to reach value USD 0.60 billion by the end of 2024. Rising demand for free space optics devices in military applications is boosting the market in Europe region. Europe free space optics market valued USD 0.03 billion in 2016 and is estimated to reach value of USD 0.40 billion by 2024.

On the other hand, Asia-Pacific region is expected to witness notable growth in free space optics market due to huge investment in emerging economies such as India and China for improvement of infrastructures and implementation of free space optics technology for telecommunication industry. However, Asia-Pacific region is expected to occupy approximately 10% market share of global free space optics market during the forecast period of 2016 to 2024. Middle East & Africa region is projected to occupy nearly 8% market share of global free space optics market on the back of rapid advancement in telecommunication sector.

Key Market Players

• LightPointe Communications, Inc.
 Synopsis
 Business Strategy
 Product Portfolio
 SWOT Analysis
• fSONA Networks Corporation
• Trimble Hungary Ltd.
• Fujitsu Ltd.
• Laser Light Communications
• Panasonic Corporation
• Plaintree Systems Inc.
• Wireless Excellence Ltd.
• Vialight Communications Gmbh


About Us

Wise Guy Reports is part of the Wise Guy Research Consultants Pvt. Ltd. and offers premium progressive statistical surveying, market research reports, analysis & forecast data for industries and governments around the globe.

Contact Info:
Email: Send Email
Organization: wiseguyreports
Address: Office No. 528, Amanora Chambers Pune - 411028 Maharashtra, India
Phone: +44 208 133 9349

Release ID: 278077