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Free Space Optics Communication Market Expected to Witness the Highest Growth till 2025 | Anova Technologies, General Electronics, Fujitsu Ltd., Harris Corporation, Wireless Excellence Ltd., Lightbee Corp
Free Space Optics Communication Market
The free space optics communication market is witnessing significant growth owing to the increasing innovation in the technology and communication sector. The recent development in the FSO communication market includes the introduction of optical angular momentum, which uses twisted photons for transmission. Twisted photons can carry additional information resulting in much higher-bandwidth communications technology. This technology is immune to radio frequency interference and uses less power for transmission.
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The global telecommunication industry is rapidly developing, leading to the growth of the (FSO) free space optics communication market. Free space optics technology uses beams of light invisible to the human eye to provide optical wireless connections. These enhanced connections can then send & receive voice, video, and data information in data-streams of up to several terabits per second. The cost incurred for 3G & 4G connectivity has reduced substantially using this technology. A wide range of applications, high bandwidth provisioning, easy installation, and quick establishment of communication in disaster management scenarios are compelling the adoption of the technology in the telecommunication sector.
Free space optics technology uses lasers to provide optical bandwidth connections that can transmit information, such as documents, video, and voice, through an invisible beam of light. The laser is emitted from a small area in one direction at a single wavelength closely spaced together. The free space optics system uses a laser-producing narrow beam of light signal. This narrow beam transmits a large amount of optical power on to the receiver, which offers high power efficiency. In the free space optics communication market, the technology has enabled the development of a new category of products that can transmit information such as videos and documents.
Free space optic communication technology is increasingly implemented in the defense sector for communications due to the requirement of high levels of security in an incredibly dense radio frequency operating environment, contributing to the free space optics communication market growth. The bandwidth and security qualities of free space optics make it an attractive technology for military communications.
The Asia Pacific region is expected to dominate the free space optics communication market over the forecast timeline owing to the rapid expansion of the IT & telecom industry. Rapid technological advancements in this region and increasing innovation in the communication & technology sector in India and China are supporting the market growth. Moreover, the collaboration of federal space entities, such as National Aeronautics & Space Administration (NASA) and European Space Agency (ESA), as an expansion of the space communication network is likely to propel the growth of the free space optics communication market.
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Players operating in the free space optics communication market include Anova Technologies, General Electronics, Fujitsu Ltd., Harris Corporation, Wireless Excellence Ltd., Lightbee Corp., Trimble Hungary, and Outstanding Technology. Several players in the market adopted growth and development strategies, such as new product launches & innovations, mergers, acquisitions, partnerships, and collaborations, to strengthen the product portfolio and gain high revenues. For instance, in March 2019, Trimble Hungary introduced new TMT service connect module to enhance the efficiency of transportation facilities.
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