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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.
The global free space optics market is segmented into storage area networks, data transmission, mobile backhaul, enterprise connectivity, disaster recovery, defense, satellite, and others, based on application. Due to the rising demand for navigation and telecommunication applications, the satellite platform FSO communication technology market is predicted to develop at the fastest rate during the forecast period of 2021-2027. For inter-satellite communications, satellites use FSO technology, which uses a laser beam to transmit data, resulting in the growth of FSO technology
North America contributes the largest share in the free space optics market owing to the rising demand for FSO in applications like satellites, well-established infrastructure, growth in manufacturing facilities, and surging growth of the CAD industry. Furthermore, continuous R&D activities, early adopters of the latest technology, continuous network facilitation, and upgradation will accelerate the growth in the region.
In December 2021, SA Photonics, Inc., one of the leading producers of novel multi-domain photonics technology for free-space optical (FSO) communications, has been acquired by CACI International Inc. Their integrated transformational technology and sophisticated manufacturing enable them to deliver laser communications innovation for customers ranging from national security to human spaceflight, and across all disciplines.
The prominent players in the FSO industry include fSONA Networks, SA PHOTONICS, A CACI Company, Plaintree Systems Inc., Mostcom JSC, AIRLINX Communications, Inc., Trimble Hungary Kft., Cailabs, Collinear Networks, Anova Financial Networks, and L3Harris Technologies, Inc.
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