MRRSE has added a new research report on the "Free Space Optics Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024" to its collection.

1. Free Space Optics Market Expected to rise to US$1,306.1 mn
by 2024
Report Description
Over the course of the past few years, the free space optics
(FSO) technology has witnessed a substantial rise in
prominence across a number of application areas and a high

2. rate of adoption among service providers across the globe.
The increased prominence of this technology is driven chiefly
by the rising demand for high speed connectivity at low costs
and the difficulties associated with the deployment of fiber
optics networks. The vast rise in the incorporation of free
space optics in high-speed networking technologies such as
3G and 4G, chiefly due to the quick deployment and easy
installation of free space optical systems, is also positively
impacting the expansion of the market.
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3. Transparency Market Research estimates that the global free
space optics market will tread along a remarkable growth
path and exhibit a tremendous 39.5% CAGR over the period
between 2016 and 2024. At this pace, the market, which held
an opportunity of US$81.3 mn in 2015, is expected to rise to
US$1,306.1 mn by 2024.
Use of Free Space Optics for Secure Data Transmission to
Generate Maximum Returns
Some of the key application areas of free space optics are
data transmission, storage area network, defense, last mile
access, security, healthcare, airborne applications, and
disaster recovery, and others. Of these, the segment of data

4. transmission dominated the market in 2015. Data transmitted
via FSO is more secure compared to other wireless
transmission technologies, a factor that works in favor of
FSO, especially across sectors such as defense and security.
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Applications of free space optics across the defense industry
also held a substantial share in the global market in 2015.
Owing to the high bandwidth capacity, low bit error rates,
less power consumption, and high communications security
features, the deployment of FSO technology across several
operations in the defense industry has been persistent. Over

5. the forecasting horizon, the rising demand for FSO from
other application areas such as healthcare and airborne travel
is expected to bolster the global market.
Adoption Rate of FSO in Asia Pacific to Outpace Mature
Markets
North America dominated the global free space optics market
in 2015 and was followed by Europe. Collectively, these two
regions held more than 60% of the market in 2015. The
primary factors driving the market for free space optics in
these regions include considerable research and development
activities and early penetration of latest technologies.
Moreover, facilitation of high bandwidth and high quality

6. access to communication methods and constant upgrades to
network infrastructure are also fuelling the FSO market in
these regions.
The U.S. military has been using FSO technology for several
years primarily in the areas of ship-to-ship and naval
communications. In Europe, several technological endeavors
sponsored by the European Space Agency (ESA) and other
space agencies have stimulated growth of the FSO market,
especially in the domain of space laser communications.
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7. In the next few years, Asia Pacific is projected to be the
region with the most promising growth opportunities for free
space optics. Developing countries such as India and China
have witnessed steady economic growth and splendid
development in sectors such as telecommunication and IT in
the past few years. These factors are expected to fuel the
growth of the FSO technology in the near future. The FSO
market in Asia Pacific will see a significant rise in
competitiveness owing to emergence of new players and
advancement in free space optics technologies.
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