Global Free Space Optics Market is Expected to Reach USD 1,997 million by 2027

The Global Free Space Optics Market is expected to grow at a 37.6% CAGR during the forecast period 2021-2027 and will reach USD 1,997 million by 2027. The free space optics market is anticipated to grow significantly owing to the surge in demand for high bandwidth and increased applications in the military & telecom sectors. Furthermore, the increased adoption of 3G and 4G networks, rising demand for digital connectivity, ease in installation, increased penetration of smartphones, and support from the government to offer seamless usage of IoT in several industry verticals will lead to robust deployment of free space optics communication system worldwide.

Moreover, it is an alternative to RF technology for outdoor networking activities, resulting in increased market demand for free-space optics technology. Thus, the mounting need for secure and high-speed wireless networks and the surge in demand for fast and flexible communication technology will lead to increased adoption in several verticals like surveillance, reconnaissance, last-mile connectivity, intelligence, and disaster recovery.

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The COVID-19 outbreak has led to the adoption of remote working culture which has resulted in increased demand for storage data transition. This positively impacts the free space optics communication market outlook as a result of the increased adoption of BYOD.

Global Free Space Optics Market Segment Analysis
This section of the report provides a comprehensive analysis of segments and sub-segments and offers insight into the leading segment and anticipates segments having the fastest growth.

The Global Free Space Optics Market is segregated based on:

By Component
• Transmitters
• Receivers
• Modulators
• Demodulators
• Others

By Platform
• Terrestrial Platform
• Satellite Platform
• Airborne Platform

By Range Type
• Short-Range
• Medium-Range
• Long-Range

By Application
• Storage Area Network
• Data Transmission
• Mobile Backhaul
• Enterprise Connectivity
• Disaster Recovery
• Defense
• Satellite
• Others

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Competitor Landscape

Key advancements in the Global Free Space Optics industry, as well as organic and inorganic growth approaches, are covered in the research. A number of companies are prioritising new launches, product approvals, and other organic growth tactics such as patents and events. Inorganic growth strategies in the market included acquisitions, partnerships, and collaborations. These efforts have paved the road for industry players to expand their business and client base. The industry players in the inspection management software market are expected to benefit from attractive growth prospects in the future. A list of a few businesses involved in the Global Free Space Optics Market are provided below:

• FSONA Networks
• SA PHOTONICS, A CACI Company
• Plaintree Systems Inc.
• Mostcom JSC
• AIRLINX Communications, Inc.
• Trimble Hungary Kft.
• Cailabs
• Collinear Networks
• Anova Financial Networks
• L3Harris Technologies, Inc.

FAQ
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• Name some of the prominent industry players in the Report?
• What is the current market and market volume of the Global Free Space Optics Market?
• What are the segments defined in the report?

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