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Free Space Optics (FSO) Communication Market Size

Report ID: GMI3794
Published Date: Nov 2021
Report Format: PDF

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Free Space Optics Communication Market Size

Free Space Optics (FSO) Communication Market size exceeded USD 200 million in 2020 and is estimated to grow at over 35% CAGR from 2021 to 2027. Rising penetration of smartphones is influencing the industry growth spectrum. Favorable government initiatives to enable seamless adoption of IoT in different industry verticals will also largely assist the rapid deployment of FSO communication systems throughout the global landscape. The growing demand for high-speed broadband connectivity and increasing technological advancements across the telecom & military sectors are driving the market expansion.

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The COVID-19 restrictions globally resulted in increasing adoption of the work-from-home trend which resulted in rising demand for strong data transition. Moreover, the COVID-19 pandemic positively impacted the FSO communication market demand due to a significant rise in the BYOD trend.

Free Space Optics (FSO) Communication Market Report Attributes
Report Attribute	Details
Base Year:	2020
Free Space Optics (FSO) Communication Market Size in 2020:	200 Million (USD)
Forecast Period:	2021 to 2027
Forecast Period 2021 to 2027 CAGR:	35%
2027 Value Projection:	2 Billion (USD)
Historical Data for:	2016 to 2020
No. of Pages:	196
Tables, Charts & Figures:	193
Segments covered:	Platform, Application and Region
Growth Drivers:	Growing demand for private LTE networks Need for secure and high speed optical wireless communication Growing demand for last mile connectivity Surging need for alternative to RF technology for outdoor networking
Pitfalls & Challenges:	Atmospheric loss due to water and carbon dioxide molecules Geometric losses in FSO systems

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Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of free space optics communication surpassed USD 200 million in 2020 and will grow at around 35% CAGR between 2021 and 2027 on account of growing adoption of smartphones and high-speed broadband connectivity.

North America market is poised to garner USD 1 billion by 2027 owing to BYOD trend and robust government policies.

U.K. free space optics (FSO) communication industry from satellite application will observe more than 40% CAGR up to 2027 due to the investments in R&D activities.

CBL Communication by Light, AIRLINX Communications, Inc., Collinear Networks, Inc., Mostcom JSC, Redline Infrastructure, Mynaric AG and fSONA are some of the major companies in the market.