global free space optics communication technology market generated $229.2 million in 2017 and is estimated to grow at a CAGR of 33.49% during 2018-2023
LONDON, Oct. 17, 2018 /PRNewswire/ -- The Global Free Space Optics Communication Technology Market is Anticipated to Reach $1.30 Billion by 2023, Reports BIS Research
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The global free space optics communication technology market is expected to witness significant growth over the forecast period 2018-2023 due to the rising demand of fast and flexible wireless communication technology across various industries including intelligence, surveillance, reconnaissance, last mile connectivity, backhaul, and disaster recovery, among others.The high scale growth of the optical wireless communication technology is subsequently influencing its market.
The growing need for secure and high-speed wireless communication and increasing demand for higher flexibility at low cost are some of the key drivers for the growth of the global free space optics communication technology market.
Moreover, integration of technologies to enhance FSO systems performance and incorporation of FSO in the 3G, 4G, and 5G networks are some of the future opportunities.The global free space optics communication technology market has been classified into three platforms: terrestrial, satellite and airborne.
Satellite platform FSO communication technology market is expected to have the highest growth rate during the forecast period 2018-2023 due to the extensive demand for navigation and telecommunication applications.Furthermore, the free space optics communication technology has been classified into three different ranges depending upon the distance between the transmitting and receiving stations.
Various range types for FSO communication technology including short range, medium range, and long range. In additions, the report also represents the market share of various components of FSO communication systems that includes transmitters, receivers, modulators, demodulators, and others (encoders and decoders).
According to BIS Research analysis, the global free space optics communication technology market generated $229.2 million in 2017 and is estimated to grow at a CAGR of 33.49% during 2018-2023. North America dominated the global free space optics communication technology market in 2017 with the U.S. acquiring the most significant market share, globally. However, Asia-Pacific is expected to have the highest growth rate during the forecast period 2018-2023.
Following points provide a detailed description of the report content and the topics covered in the report:
• This report identifies the global free space optics communication technology market under different segments such as platform, range, components, and region.
• It examines the prime supply-side factors, which affect the growth of the market, and the current and future trends, market drivers, restraints, and challenges prevalent in the global free space optics communication technology market.
• The report also highlights the value chain of the industry.
• Detailed competitive analysis has been included in this report which focuses on the ¬key market developments and strategies followed by the top players in the market. Additionally, the competitive benchmarking map has been included in the existing study which analyzes the competitive strength of the players in the global free space optics communication technology market.
• The market for different platforms such as terrestrial, satellite, and airborne, has been estimated and analyzed.
• Different components of the free space optics communication technology, such transmitters, receivers, modulators, demodulators, and others (encoders and decoders), have been estimated and analyzed in the report.
• The market for different ranges such as short, medium, and long has been estimated and analyzed.
• The global free space optics communication technology market has been analyzed in the report for the major regions including North America, Europe, Asia-Pacific, and Rest-of-the-World.
• A detailed Porter's Five Forces analysis has been included in the report. Furthermore, the report also focuses on providing information on the key participants and future opportunities in the global free space optics communication technology market.
• The study provides detailed analysis of the 15 key players in the global free space optics communication technology market including Mostcom Ltd., AOptix Technologies Inc., LightPointe Communications, Inc., Anova Technologies, fSONA Networks Corp., CableFree: Wireless Excellence, Mynaric AG (Vialight Communications Gmbh), Space Photonics, Inc., AIRLINX Communications, Inc., SkyFiber, Inc., BridgeSat, Inc., Fog Optics, Inc, Trimble Inc., Plaintree Systems, Inc., and L3 Technologies (L3 Photonics) in the Company Profiles section. This section covers business financials, company snapshots, key products and services, major developments, future programs (if any), and the individual SWOT analysis.
Executive Summary
The communication industry has grown significantly due to the demand for increased connectivity.Communication technology plays a vital role in almost all the industries for running their businesses over the large distance across the globe.
Telecommunication is the most prominent sectors which is responsible for providing internet connectivity to support the transmission of data.There are various modes of transmitting the data from one location to another that includes copper wires, fiber cables, and radio frequency communication, among others.
However, there are certain limitations of every technology that boost the need for a fast, secure, flexible, and low-cost communication technology.Optical wireless communication is one of the latest communication technologies that utilizes unguided visible, infrared (IR), or ultraviolet (UV) light for transmitting the signals.
Free Space Optics (FSO) communication technology is the form of optical wireless communication which wirelessly transmits data through light propagation in free space. FSO communication technology is immensely suitable for performing data transmission in the locations that are not suitable for physical connections. Moreover, the technology also provides inter-satellite communications, satellite to ground communication and other airborne applications. The growing number of satellites is one of the most prominent factors for the developments of free space optics communication technology in satellite communication applications. For instance, in November 2017, two small satellites were launched to the International Space Station (ISS) to test the latest space to ground laser communication system.
Commercial as well as non-commercial sectors are the end-users of the FSO communication technology applications.Some of the prominent applications includes Intelligence, Surveillance, and Reconnaissance (ISR), last mile access, backhaul, outdoor wireless access, research and space exploration, among others.
There are many research and development organizations such as European Space Agency (ESA), National Aeronautics and Space Administration (NASA), and Japan Aerospace Exploration Agency (JAXA), among others, that are continuously putting their efforts in developing free space optics communication solutions.Furthermore, the telecommunication companies are also focused on more advanced free space optics communication technology systems.
There are many research and development organizations that are continuously putting their efforts in developing more efficient free space optics communication technology. Mostcom Ltd., AOptix Technologies Inc., LightPointe Communications, Inc., Anova Technologies, fSONA Networks Corp., CableFree: Wireless Excellence, Mynaric AG (Vialight Communications Gmbh), Space Photonics, Inc., AIRLINX Communications, Inc., SkyFiber, Inc., BridgeSat, Inc., Fog Optics, Inc, Trimble Inc., Plaintree Systems, Inc., and L3 Technologies (L3 Photonics) are some of the major players in the global free space optics communication technology market.
The market reported a revenue of $229.2 million, in 2017 and is expected to grow at a significant CAGR during the forecast period 2018-2023. The global free space optics communication technology market has been segmented into three platforms: terrestrial, satellite, and airborne. The terrestrial platform market acquired the largest share, however, satellite platform FSO communication technology is expected to grow at the highest CAGR during the forecast period, 2018-2023. In addition, the global FSO communication technology market is also classified into its range type such as short range, medium range, and long range. Short range reported the highest revenue in 2017, however, long rage is estimated to grow at the highest CAGR during the forecast period, 2018-2023. The FSO communication systems constitutes of various components that includes transmitters, receivers, modulators, demodulators, encoders and decoders.
North America is expected to have the highest share in the free space optics communication technology market during the forecast period, 2018-2023, followed by Europe, Asia-Pacific, and the Rest of-the-World (RoW). The U.S. and Canada are some of the prominent countries in North America for the development of the free space optics communication technology market. The U.S. dominates the overall market of the free space optics communication technology and it is expected maintain its position during the forecast period, 2018-2023. The increase in the demand for free space optics communication technology in North America is due to the increasing need for applications across satellite platform. France is one of the prominent countries in Europe which is currently focusing on the deployment of free space optics communication technology. Some of the other prominent countries include the U.K. and Germany.
The Asia-Pacific region majorly consists of China, Japan, Australia, and India in the free space optics communication technology market.Japan, currently, is having a largest share of the free space optics communication technology market while India is expected to grow at the highest rate in Asia-Pacific region.
Moreover, there are ample opportunities for new entrants in this region as the demand for optical wireless communication technology is increasing for commercial as well as military applications.
Countries Covered
• North America
• The U.S.
• Canada
• Europe
• France
• Germany
• The U.K
• Asia-Pacific
• Japan
• China
• Australia
• India
• Rest-of-the-World
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