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Free Space Optics Communication Technology Market to depict huge growth of USD 3,507.8 Million by 2027


Free Space Optics Co

iCrowdNewswire   Jan 7, 2021  4:37 PM ET

Free Space Optics Communication Technology Market

The Free Space Optics (FSO) Communication Technology Market is set to attain a valuation of USD 3,507.8 Million by 2027, registering a CAGR of 33.3%. The applications of free space optics communication technology are widespread in several industries includinghealthcare, defense and telecommunication.

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Leading Players Profiled in the Report Include:

L3Harris Technologies, Inc., Mostcom Ltd., Airlinx Communications, Inc., fSONA Networks Corporation, SA Photonics, Inc., Mynaric AG, Plaintree Systems Inc., Lightpointe Communications, Inc., Trimble Hungary Ltd., and IBSENtelecom Ltd., among others.

Market Drivers

The major driving force for the development of free space optics communication technology marketis the increasing demand for digital connectivity globally. The rise in demand for high bandwidth and the increasing use of technology in the defense industry is also anticipated to expand the market growth. The use of free space optics in 4G networks is increasing technology growth potential. However, environmental issues like rain, atmospheric turbulence and fog, can result in network instability which is anticipated to hinder the market growth over the projected year.

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Key Summary of the Free Space Optics Communication Technology Market Report:

Regional Analysis

According to the report, the North Americaregion is anticipated to dominate the free space optics communication technology marketdue to the large use of satellite applications. The European region may experience stable growthin countries like Germany and France.The Asia Pacific is anticipated to experience market growth due to the increased progress of the IT & telecommunications industry in the region. Market growth is expected to further drive-by rapid technical developments and increasinginfrastructure in the connectivity & technology field in India and China.

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