Press release
Free Space Optics (FSO) Communication Market Analysis, Size, Trends, Forecast 2025
Posing a hindrance to the global free space optics market is the environmental interference or atmospheric attention affecting the signal quality. Serving to tackle the problem is the laser auto tracking devices, multi-beam, multi-path architecture, and hybrid dual mode RF technology to mitigate the effects of atmospheric attenuation. Therefore, the global market is expected to witness steady growth during the forecast period.
As per a report by Transparency Market Research, the global free space optics market will rise at a phenomenal CAGR of 32.5% from 2017 to 2025. Expanding at this pace, the market which was worth US$92.2 mn in 2016 will likely become worth US$1.07 bn by 2025.
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Data Transmission Key Application Segment on Account of Security Accorded by FSO
Depending upon application, the key segments of the global free space optics market are storage area network, data transmission, defense, security, airborne applications, healthcare, disaster recover, last mile access, etc. Of them, the application of free space optics for data transmission accounted for maximum share in the market. This because the data transmitted through free space optics is more secure compared to RF or other wireless transmission technologies. Hence, it is preferred over the conventional wireless technologies. The data can be transmitted over an encrypted connection, which adds to the degree of security available in FSO data transmission.
The application free space optics in the defense sector comes in the second position. The deployment of FSO technology in this application area has been persistent, owing to its high bandwidth capacity, low bit error rates, less power consumption and high communications security which are of utmost importance in defense applications. In the years ahead, growing demand from other application areas such as healthcare and airborne applications among other is expected to bolster the market growth.
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Focus on Research and Development Makes North America Market Dominant
From a geographical standpoint, North America and Europe are key regions that had a combined share of 60% in the global free space optics market. Thrust on research and development activities and early penetration of latest technology in these regions have served to fuel their markets. In fact, FSO technology has been in use by the U.S. military for several years primarily in the ship-to-ship and naval communications. In addition, continued network facilitation and upgrades is also positively influencing the market in the region. The market in North America is predicted to clock a CAGR of 32.1% in the forecast period to pull in a revenue of US$312.2 mn by 2025 from US$29.1 mn in 2016. The market in Europe, is expected to rise at a CAGR of 31.9% in the forecast period to become worth US$280.5 mn in 2025 from US$23.9 mn in 2016.
Vis-ร -vis growth rate, Asia Pacific is projected to outpace all other regions by registering a CAGR of 33.4% from 2016 to 2025. The proliferation of telecommunication and IT in the rapidly expanding economies of India and China is at the forefront of driving growth in the global free space optics market.
Some of the key players in the global free space optics market are Trimble Hungary Ltd., Mostcom Ltd., AOptix Technologies Inc., Optelix, LightPointe Communications, Inc., IBSENtelecom Ltd., Harris Corporation, Anova Technologies, fSONA Networks Corp., and Wireless Excellence Limited.
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Transparency Market Research (TMR) is a U.S.-based provider of syndicated research, customized research, and consulting services. TMRโs global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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FSO and VLC/Li-Fi Market Size, Share and Industry Growth
๐๐ฆ๐ข ๐ฎ๐ป๐ฑ ๐ฉ๐๐/๐๐ถ-๐๐ถ ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐ฆ๐ถ๐๐ฒ:
The FSO and VLC/Li-Fi market is projected to reach a value of USD 11.44 billion by 2031, growing at a CAGR of 22.6% from 2024 to 2031.
๐๐ฒ๐ ๐ฎ ๐๐ฟ๐ฒ๐ฒ (๐ฃ๐๐) ๐ฆ๐ฎ๐บ๐ฝ๐น๐ฒ ๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐: https://www.consegicbusinessintelligence.com/request-sample/1643
๐๐ฆ๐ข ๐ฎ๐ป๐ฑ ๐ฉ๐๐/๐๐ถ-๐๐ถ ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐ข๐๐ฒ๐ฟ๐๐ถ๐ฒ๐
The FSO (Free Space Optics) and VLC/Li-Fi (Visible Light Communication) market represents a promising segment within the broader field of wireless communication technologies. These technologies utilize light as a mediumโฆ
FSO & VLC/Li-Fi Market by FSO Component, FSO Application, FSO Vertical, VLC Comp โฆ
FSO & VLC/Li-Fi market is projected to grow from USD 3.3 billion in 2023 to USD 18.2 billion by 2028, registering a CAGR of 40.3% during the forecast period.
Key factors fueling the growth of this market include the alternative solution to RF technology for outdoor networking, increasing adoption of FSO in place of RF communication, and high growth of LEDs due to less energy consumption.
High emergence of newโฆ
FSO & VLC/Li-Fi Market by FSO Component, FSO Application, FSO Vertical, VLC Comp โฆ
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EURONAV ANNOUNCES NEW USD 500 MILLION CREDIT FACILITY FOR FSO PROJECT
ANTWERP, 13 October 2008 โ The executive committee of Euronav NV (EURONEXT BRUSSELS: EURN) is pleased to announce that it has jointly with Overseas Shipholding Group Inc. (NYSE: OSG) signed a USD 500 million senior secured facility with ING, Fokus Bank, Fortis Bank (Belgium), Sumitomo Mitsui Banking Corporation, BNP Paribas and Nordea, acting as Lead arrangers and ING as global coordinator and facility agent and Danish Ship Finance, Deutsche Schiffsbank,โฆ
